Fkli wrap..rebound but no reversal yet..cautious still

-unlike yesterday, the mkt decided to “crawlback” in afternoon – some say Perak court case ( BN retains menteri post ) but I think triggered by HS strong PM start from +35 to +250. While Europe off to slow start, +0.3%, DJ futs gains almost 50p

-in the afternoon, after AM sell-off, fkli.fbm decided to close the gap-dw, around 1230++ and stuck there from 3.30 pm onwards for a lack of follow through, exhaustion set in after a 10 point push in the first hour of afternoon trading

-whats next ?..well, bear trend remains, but if above 1220, the mkt can bounce further towards 1250 or 7SMA before deciding the next dw move.

-can fresh short again if immediate support 1227 breaks. Otherwise, hold long with cut loss below 1220