Tuesday, January 25, 2011

Fkli wrap...hell feeling for bulls....tech bearish

-looking worse everyday on internal driven momentum. Even DJ +100 gains fail to spark buying. Maybe no buyers amid talk of foreign selling and mixed regional, especially selling in emerging countries like Thai. Indo recently and stock mkt-induce riot in Dhaka or ahead of CNY holiday.

- This 5-day losing streak , -50,.almost wipe out a hard fought 2-week gain in beginning of the year. Fbm +0.5% this mth yet.

-technically another fresh breakdown today, under all short term support. Tech sell but no rebound first ?.

-Calling for bargain at mom but cautious and exit if weakness continues. Better still buy on strength. A closing above 1530 would probably indicate some bunce to test the dwtrend line.

-below 1530, bears r staring at 1500.

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