Friday, December 17, 2010

Fkli wrap...this week -14 ...but ending a 5-day streak


Quiet day. Fbm stabilizing after 4 days of selling activities. Firmer external tone also helping to keep fkli near 1500. Except for the opening selloff, fkli steady within 1490-1500 all day with selling interest at 1500 today.

Strong probability of further bounce after today’s move, towards a +ve bias consolidation band, above 1505, unless fbm trades under 1495 next week. A crossing back above 7SMA would signal a resumption of uptrend

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