Tuesday, March 07, 2006

3:17 pm - FKLi selldown to 907.5

FKLi cannot break upside of 912.5

11:42 am - After 4 days of consecutive down days

This is a short covering activities where shortists cover their short position by going long and we see a upsurge in the FKLI.

11:15 am - Cash is currently at 50% retracement of Fibonacci


This is a common pattern of Cash mkt retrace to 50% of the mkt at 911.3