Monday, May 21, 2012

FKLI - Potential Rebound from 100-pt drop

FKLI - Potential Rebound to 0.382 Fibo Level (21 May 2012)

Look for potential technical rebound to fibo 38.2% level @ 1,555-1,560 level (coincides with daily 90d SMA; or, 38.2% fibo from the Jul-Aug'11 plunge)

Any positive progress from the Greece re-election / a drop in Spain bond yield rate, etc, shall bring about further upside to >1,560 level (fibo 0.5@ 1,565  |  fibo 0.618 @ 1,575).


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