Thursday, November 11, 2010

Fkli wrap...major setback... tech sell



After failing to extend its new-high streak to 5, selling pressure dominates the day as weakness attracts profit take activities. Regional mostly higher, near +1%. Rebound limits to 1420 in early PM but selling resumes towards the closing with Europe.DJ futs in –ve zone.
Below 1420 is a pullback sell mkt, targeting 1500. Mkt must recapture 1520 to resume its uptrend.

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