Friday, January 21, 2011

Fklli wrap....TGIF very pening...seeing too many bears






-weak external prompted strong selling interest, further reinforcing Wed’s tech weakness effect and also frehs tech breakdw under 1550.

-no rebound, bears in control all day. Fbm gives no chance for fkli to sustain any rebound. Regional remains –ve despite SH +1.5%.DJ futs 20. Europe +0.3% in early going,

-aiming for the last short term SMA support, near 1530++.If fails, back to 1500. Below 1550, bears camping zone. It would take awhile for bulls to heal, maybe not this mth.

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