Wednesday, January 09, 2008

10:00 am - DJIA broken the major support and heading downtrend


Cash is down - 7 pts but FKLI is holding nicely at 1489/1490.

The FKLI has had a good run to the top. The last high at 1499. It takes a lot of volume to break thru 1499/1500 again. The FKLI market may congest/ go sideway and maybe retrace back.
The market need to consolidate first as a lot of players are taking profits.





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