Monday, January 24, 2011

Fkli wrap... testing bulls limit...ready for bounce

-no end to fbm selling yet, sell force amid –0.5% regional and +0.5% Europe/Dj futs. Fbm 4-day losing streak, -31.

-externals again fail to improve mkt sentiment and therefore, tech –ve overhang continues.

-still very much a sell mkt but another 10-20p weakness looks good for a quick bargain. Below 1550 is bearish but if recent uptrend is here to stay mkt should/must bounce off soon

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