Tuesday, November 30, 2010

Fkli wrap...fail to reverse dwtrend tone....SH drag..

NK strong in Nov on weaker Yen. Most sideways. SH retreats on tighthening policy after a very strong Oct mth. Fbm suffers pullback after hitting record high early Nov.






Fbm.fkli finish the mth with technically –ve bias tone. The good news for bulls is that mkt is still above 1480 therefore 1500 remains viable. SH big fall in AM, pulling the rest lower but fbm fails to recover in PM like others.

A sideways to correction mth after failing to clear record high resistance in early part of this mth. This “double top” pressure will continue to haunt in Dec

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