Tuesday, December 08, 2009

FKLI : mornign gossip ...near 60 no direction

DJ flat, gave up early gains, +1.21p.

8.30 DJ futs +18. Regional softer, near 0.5%. Wondering whter fkli will do 55-60 or 60-65 range.
Probably 60-65 if fbm flat or higher. fbm 64-68 means no mkt direction...sell if 64 breaks.

Fkli below 60, a risk of a sharp pullback is great. Upside is seen limited at 65.

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