Tuesday, April 27, 2010

Fkli wrap..still no 40 yet.....back to square one





mkt staying at support lvl in a day of external -ves, discouraging fbm's follow through. Like yest's fbm push back higher in late trading and today's 40 was also a one off thing. Regional weak after strong Mon as a lack of DJ gains, pressured commodity and property stocks, yest's winners.
fkli, defensive play at immediate support lvl, with a test at 40 every now and then. But fbm 40-toppish remains a drag. Above 37, is +ve but needs to crash above 42 to call it a bull mkt. Below 37, means 30-37 range.

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