RM very strong…+2% this week. due to thin trades ? R% going up % ? hot money for 2011 ?
Like thu, profit take in the first 2h fbm, same fund maybe. Not much cue to derive from external today…all quiet or closed for xmas.
Strong week, tks to Tue’s big gains as Korea tension “fails to escalate”, reversing the previous week -ve outlook and put fbm.fkli at strong resistance of 1520….favoring bulls.
A closing above 20 is likely to generate mini bull run towards 15-40 next week and a bigger run in early Jan11. Pattern remains if > 1510.
No comments:
Post a Comment