Wednesday, February 09, 2011

Fkli wrap... . danger of trading sell back to 1500


-another disappointing day for mkt bulls. No much upside from get-go, drifts lower all day before a mild recovery towards the end of the day. Regional does not help either as sentiment turns worse in PM, near -1% amid fear of China rate hike.

-good news is 1520 remains as support but 1550's this week target looks slim especially if 1520 does not hold tomorrow. Fbm is –ve tone if under 40 as fear of a trading sell outlook.

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