Thursday, August 13, 2009

FKLI : morning gossip....1180-1185

DJ +120, after the Federal Reserve held interest rates near historic lows and signaled the economy has finally started to stabilize...CNN.

8.40 : DJ futs +18. Regional firm around 0.5%.

Fkli is seen returning to higher band of 1180-1185. A brekaout is unlikely as the mtk will be busy trying to neutralise yesterday technical's negatives first- to finish aobve the 7SMA around 1183.

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