Monday, August 08, 2011

Fkli wrap......hit and run buy if > 1480




Selloff after 1500 breaks and stay very bearish in AM b4 some recovery in PM, taking cue from a small -1% losses in EU. Regional and Djfuts also recover after EU opening. Both off 50% from lows but remain deep in negative.

Bearish but bounce is in the card if DJ does better than “-150’ tonight. Next major upside target is 1510 if a bounce mode.

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