Friday, April 08, 2011

Fkli wrap....daily sucks..but weekly +ve


-profit taking dominates despite +ve external factors. Regional/DJ futs +0.5%. Europe near +15 on commodity stocks. Fkli see bears selling under 55 support, weaker than expected. With no 70 today, mkt needs to break above 60 to revive recent momentum, targeting 60-80 range. Uptrend remains but a closing under 50 on Monday is bad news for bulls.

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