Thursday, October 21, 2010

Fkli wrap....one small fragile step to 1500...



Mixed day, no strong one way bet and cautious among major equity mkts….maybe concerns over currency impact ahead of G20 finance minister meeting , starting tomorrow in the land of kimchi.

Fbm.fkli see promising start but kind of anti climax feeling at the end of the day…..weak daily candle. Fbm off highs but keep its head above 90 on CIMB GENTING gains in PM.

Fkli fails to touch 1500 on profit take pressure…strong theme this week, but remains steady above 1490. Maybe more sustainable and higher trading band if above 1500 next week.

Bullihs tone remains intact if > 1490.

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