Thursday, August 04, 2011

Morning start...fkli firm 1545+ fcpo soft 3110-20

DJ+30 , sharply off early lows near -170 on report of possible fresh stimulus, QE3. EU -2%.

Regional near flat. KOS -1%, already dw 5% this week so far ??. US$ weaker. Commodity softer tonn, near -1%.

fkli 1545-50 play, bounce tone if fbm > 45. But unlikely to reverse dwtrend tone.

fcpo SO -1% a setback of bulls as no encouragement for upside follow through to create a breakout higher. Back to defensive and sideways, 3100-3140. ......boring

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