Friday, March 04, 2011

Fkli wrap....ready for 1540(again) b4 pullback...


-big range but mostly 20-25 all day. A domino of buystops trigger in the opening mins, above 17 all the way to 39.5. Why dealers/players do things like this is beyond my comprehension !!! Too many times with BMD products. Thereafter, super tight after the first 5 mins mood swing, 19-26.5 in AM and 20-24 in PM

-regional strong, +1% on HS leads, +290. But , Dj futs n Europe flattish in late Asian hours as CO scales new height. CO vs US eco growth. I think the latter will grab investors attention more this mth following strong Feb job data. While CO is high but “we seen it b4 “ lvl. So, no big deal, inflation play “should” come into the picture later .

-technically, quite a reversal. From breakdw scenario to possible year high again this mth. Trading range is raised to 1500-1540 next week. Bullish if > 1510, targeting 1540+ as the next move.

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