Wednesday, October 22, 2008

FKLI Daily: 888 manage to defend?


Market fall with double digit losses yet recent low at 888 remains defended well. Looks more potential of downside room if 888 penetrated. As for now, we continue to look for the immediate downside support at 888 followed by 876-872. For upside, immediate resistance is at 924.5-925.5 followed by 931-944 (gap left over since 15 Oct, 2008).