12 pm - FKLI hits low of 923.5

Daily pivot is

R1 = 933
Pivot = 929
S1 = 925

3:20 pm - Close trade # 8 at 931.0

FKLi is closing this Friday. Stratch the trade with profits +0.5 pts to cover cost.

9:48 am - FKLI has 4.5 pts range from 929.5 - 925

For FKLi to go higher, it has to close today at 925 + 7.5 = 932.5. Buying long at 929.5 . Premium
at now is +6.56 pts.

A short at this moment wud be better but considering the market is trending up. It is riskier to do so.

Too much of a risk especially when this Friday is closing of Sept contract. This is not one of the best buy signal but I wud follow my system.

Trade #8 is long at 930.5. Trail stop loss is at 928.0 pts.

9:48 am - FKLI gap up 2 pts and run away

FKLI hits 929.5 for the first time and I am reluctant to trade until 10 am.

Trade #8 is placed at 10.00 closing price.

10:13 am - Trade #7 stopped out at 920.5

Profit = +2.5 pts.

Waiting for MACD to cross up today at 923.5

12:50 noon - FKLI head high at 927

Trade #7 is in the money. Trail stop to 921.5

My last year record shows me that this 30 Sept wud have some window dressing for 4th Qtr. Last year at this time 2004 . Cash went up.

Rgds,
-martin-

6:22 pm - FKLI break 920 and head for high at 921.5

Trade #7 stop is trailed to 915.5/916. 0

Daily Pivot for Sept 16 FKLI / FCPO

R1 = 923.1 / 1394.67
P = 917.67 / 1387.67
S1 = 912.15 / 1380.67

It is interesting to see how FKLI wud open and react to DJIA tonite.

4:32 pm - FKLI is good if today close > 917.0

4:25 pm - Trade #7 is triggered long at 918

Trade #7 stop loss is 912.5. But ATR stop is at 914.0/913.5

Interesting enough, Cash Hrly chart form a double bottom at 914/915

3.00 pm - Trade #6 is stopped out at 915

Profit +3 pts. Preparing to go long at 918.0/918.5 pts.

Rgds,
-martin-

9:50 am - FKLI gap down to 911

FKLI hit low of 910.5. Trail stop to 915.5. In the money for Trade #6.

5:15 pm - FKLI hits low of 912.5

The Daily EOD stop at 915 was finally broken at 4.30 pm. Trade stop is trailed to 916.5/917

Daily Pivot for 15 Sept FKLI / FCPO:

R1 = 917.67 / R1=1392.6
P = 914.67 / P=1388.67
S1=911.67 / S1=1384.67

3:58 pm - Trade #6 is triggered at short at 919

Stop loss now is at 924 pts.

3:57 pm - FKLI stop out at 922

Trade #5 is stopped out at -3 pts loss.

5:15 pm- FKLI surged to previous high and breakout

Instead of shorting at 913.5, I went long at 925 i.e +2 pts above the last high.

A significant event, the daily MACD cross today. So come Monday, there wud be a lot of people looking at this daily chart and said Heh ! it had cross. Time to buy. Wud it go up ? I do not know but time wud tell.

Trade #5 is long at 925. Stop loss is 917.5

Trade #4 : Sell stop at 913.5

If FKLI falls further, short position is triggered at 913.5, below 50MA

10:00 am - Profit objective for Trade #4 hit at 915.5

Small profit for +3.0 pts as I am trading countertrend.

3:36 pm - Trade #4 short position is triggered at 918.5

Countertrend trade is initiated at 918.5. Profit objective is 915.5 pts.

FKLI is selling down.

Stop loss at 922.5 pts.

See how FKLI fare tomorrow.

5:15 pm - Trade #3 stop out at 924

FKLI breaks higher and got stopped out with 0.5 slippage from my original price
at 923.5

Trade #3 loss - 4 pts.

3.30 pm - Trade #3 is initiated to short at 919.5

This is a quick profit for 3.5 pts - countertrend. Stop loss set at 923.5 pt.

Trade #3 short at 919.5

11:30 am - Stop out at 919 for Trade #2

Trade #2 has been stopped out - Profit 10 pts.

10:05 am - FKLI hit high at 924. Trade #2 trail stop

Trail stops to 919.0 pts.

9:36 pm - Trail stop higher to 914.5

FKLI closed on the high note. It is interesting to see if tomorrow wud gap up and selldown on good news from DJIA.

9:30 am - FKLi hit 919.5 high for Trade #2

Trail stop to 913.5 pts. In the money.

4:10 pm - FKLI breakout to 908.5 and beyond. Trade #2 is long at 908.5

Trade #2 is triggered at 908.5. Trail stop to 903.5

4:32 pm - The FKLI is going to sideway.

If there is any trade #2, it has to break out of 908.5