Tuesday, March 09, 2010

Fkli wrap...very resilient....waiting for next move..




With no major +ve signal from US, most mkt turned mixed but mostly lower, a mixture of profit take and bargains. Not yet a pullback mode, profit taking not across the board yet but could become one if DJ fails to post gains tonight.

Next round of strong buying interest can be expected if mkt breaks 1324-25 lvls or at least regain 20. Otherwise, can expect a pullback towards 7SMA first before another run.




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