Thursday, August 20, 2009

FKLI : morning gossip...1155-1160

DJ +61, extends 2-day gains on a spike in crude oil prices, +5% on a surprise drop in weekly inventories.

8.30 : DJ futs -8. Regional marginally higher and flat, muted reaction to DJ, like yesterday. Waiting for taiko's direction

A lucky day for bull ? ....yes from potential "pullback" to "stability" first but the mkt is unlikely to turn to "growth" today as the immediate buy signal is above 1170 today....which seems "unreachable" today.

Below 1149 is renewed fresh selling pressure.

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