Friday, April 16, 2010

Fkli wrap...trading sell again..30 critical






All mkt in red on tech selling, taking cue from DJ futs and China new call for tightening the credit mkt spooked property stocks

Regional -1%. DJ futs -20 . Europe softer, better than Asian, -0.2%

Fmb ends near weekly low lvls, 30++ after a toppish 40-week, dragging fkli along. It looks like a sideways mkt next week but dwside risk is greater as both finish the week on trading sell tone, below 40. Fresh sell signal next week if 30 fails to hold.

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