Wednesday, October 20, 2010

Fkli wrap....360 degree turn....hello 1500..again


After early setback on fear of China rate hike impact, fbm,fkli stage a strong rebound in PM session to finish near flat line. Regional also recoup losses, HS -200 off lows of -400. SH even crosses back above 3000 mark after dipping as low as -2%.

In late Asian trading hours, Europe softer tone but stabilizing while DJ futs also steady in +ve side, +10.

A good day for bulls Despite an early fear of a breakdw, instead, strong rebound and like yesterday., getting ready for 1500…round 2. Supported but upward momentum requires external encouragement.

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