Thursday, May 06, 2010

Fkli wrap...still tug-of-war...but favor bears..





Europe again the bull-spoiler, causing mild panic in PM with a -1% early trades, causing Fbm.fkli ventured into Wed’s lows after an upbeat, outperformed AM session. Selling lasted about 1 h 30 mins. Then came the surprise or shock…Europe reverse losses and turned +0.5% …something like yesterday too. ..Too many roller coaster ride recently..i think I want to throw up.

Regional all red, with SH -4%. HS off lows but -200/-2%


Fkli managed to park near 30 towards but dwward-bias if lock under the red-line zone, with danger of a breakdown looming..notice that SMAs in danger of bearish crossing and heading south..scary thought.


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