Thursday, December 16, 2010

Fkli wrap....fbm and tech weakness...




Fbm selling activities continue into fourth day. Both fbm.fkli breach 1500 support, putting a bearish dent on its tech outlook, reinforcing yesterday’s sell tone. Regional weak, HS -1.3% on weaker resources stock, DJ futs. Europe flat.

Technically, short term sell, only a closing above 1505 will void the pattern. Dwside risk is 1480.


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