Tuesday, January 18, 2011

Fkli wrap..miss 80 due to fbm "angpow $" sell....


-Fbm selling all day while external +ves, who cares that regional firm tone, DJ futs +30 , Europe +1%. Most important, enough fund for angpow!

- technically not good for bulls, a weak opening tomorrow could signal the end of this mth +3% run, with pullback in mind. Fkli is “cornered” up the tip of a 1-mth on uptrend line.
-Bulls must break this deadlock as fkli is meeting up with critical support lvl. A break would void its short term uptrend outlook, shifting to a sideways mkt first.

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