Sunday, December 06, 2009

FKLI and US data week ahead... 60-80

expecting an upside week, betting that 60 will hold as a support as fbm remains near 70 but slow move...moving in n out of 70 first and buyers will only emerge if fbm breaks above 74.

in the mean time...trial-n-error not much of direction with averages flat. Would love to see 7sma/pink crosses above 14/yellow and 21/blue SMA - bullish sign.

no major US data till the Thu's weekly jobless claims. Highlight is Fri's retail sales data ( est +0.5%)

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