Thursday, January 07, 2010

FKLI : toppish..have to wait next week for fresh run



-steady in AM despite profit taking at 1300 but took a hit in PM as regional booked a -1% loss after China raised R% -unexpectedly.

-1300 seems off this week after 2-day of toppish outlook. The mkt could see more pullback first towards 80-85 before another move to break 1300. DJ is seen cautious today ahead of job data on Friday.

- a trading sell if 90 breaks tomorrow towards a very meaningful support -7SMA but this could also be a good chance for bargain to those whom r still sidelines. (yours truly) just try to enter long on strength.

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