Friday, December 03, 2010

Fkli wrap..this week +18.5...going higher....


Selling all the way after a gap up opening but in a slow and controlled environment. Regional also sluggish, near flat line. GAMUDA lead selling, SIME weak too…those big gainer yesterday.

Not impressive but good enough for the bulls this week. Mkt is nearing the next big hurdle, 1510+, before a strong bet on a rise towards 1530-40 again. A crossing back above 1505 next week would revive this week strong momentum. Above 1490 is upward bias.

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