Thursday, March 10, 2011

Fkli wrap....tech turns -ve again...no major trend seen

-weak and steady near1510 b4 a late breakdw towards 1500+ after 4.50pm. Cut loss selling as tomorrow looks bleak with DJ futs -70 and Europe -1.5%.

-Japan dwgrades GDP outlook, China Feb’s trade deficit pressure commodity prices, Korea up interest rate, Moody dwgrades Spain debt and Libya-factor give plenty of reason to lock in profits today

-fkli, very cautious with huge discount., also see tech selling under 1520. Bears mkt if under 1510, but bargain seen under 1500 this week on expectation that mkt will continue to sideways within recent trading range

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