It is a very powerful trend indicator. Below 50MA, prepare to go short and
above 50MA, go long instead.
Rgds,
-Martin Wong-
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- 5:15 pm - Indeed the FKLI closed above 918.5 i.e. ...
- 4:31 pm - Just follow your system
- 3:34 pm - Watch out for 50MA on the FKLi hrly chart.
- 3:32 pm - Broke thru last high 921.5 and tested 922.0
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Weblog Disclaimer: The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product or stocks referred to herein. The Author may from time to time has an interest or position in the futures products mentioned. There is a risk of loss in trading futures & derivatives like products.
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