Thursday, January 06, 2011

Fkli wrap....bulls need DJ helping hand tonight...


-another +ve but equal fight after being dominated by bulls for the past 3-day. Price remains lofty but upside limited on sell on strength activities. PM very slow.

-no clear direction from external but riding on commodity big gains. Europe/Dj futs flat but firmer. In short, no –ve event.

-mkt is holding well on recent momentum despite profit take amid a lack of -ve incentive. But a weak opening tomolo could well see a pullback towards 7SMA. While uptrend, looks a bit overstretch above 1570 THIS WEEK. .

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