Friday, April 01, 2011

Fkli wrap...bullish finish...aiming 50-80 range

-fbm strong start, steady for most of day, just under 1550 b4 a pre-closing jump of 5p, to finish the week on bullish tone. 4-day winning streak of 41p, surpassing last week 7-day -23p streak. Fkli profit take pressure dominates. Regional strong, on HS leads again, +300. DJ futs and Europe point to strong Fri, near +1% Fresh upper trading range of 50-80 if mkt can sustain above 50 on Monday, targeting 50-80. Otherwise, 30-50 pullback first b4 making attempt at year-high….maybe in the second week of Apr. Above 50, bullish.

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