9:54 pm - Year 2005 closes with a huge selldown at the end.

The FKLI closes with -5 pts lose as the window dressing comes to an end.

Fella who went long with no stop probably lose out today.

11:50 am - Trade #11 stop out at 901.5

Profit +7.5 pts.

10:25 am - Trade #11 is long at 894

Stop loss at 901.0. In the morning

2:43 pm - Trade #9 is stopped out at 891

Profit gain +4 pts.

It is coming to end of the closing mth and MACD tend not to do so well. So it is better to stay out.

10:28 am - FKLI hit high at 895

Trail stop to 891/890.5

4:43 pm - Trail stop to 888

Trade #9 is trailed higher to 888.

3:20 pm - FKLi is heading higher

If FKLI cannot breach 891.5, that it. You wud see MACD to cross down. This is a typical FKLI pattern.

It wud head high for the 1st time and the 2nd time it wud test it. If it cannot break higher that the last high. FKLI wud go lower.

12:14 pm - FKLI is not going any further.

Trade #9 stop is trailed higher to 887.5/888.0

2:51 pm - Trade #9 is triggered long at 887

Trade #9 is triggered long. Stop loss at 883.5

10:29 am - FKLI stopped out at 885.5

Profit +3 pts.

Ready for Trade #9

10:06 am - FKLI abt to cross up

Trail stop lower to 886/885.5. Be ready for Trade #9 to go long.

9:19 am - FKLI Trail stop higher

Trail trade #8 higher to 889.5

11:13 am - Trade #8 is shorted at 888.5

Stop loss at 892.0

10:24 am - Preparing for Trade #8 for short if below 50MA

Look for Trade #8 to go short if below 50 MA. i.e. below 888.5

10:21 am - FKLI trade #7 stoppped out at 891.5

Profit at 2.5 pts.

10:03 am - FKLi looks like going nowhere

Trail stop higher to 891.5/892. I have been in for 14 bars and haven't move any where but sideway

2:03 pm - FKLI hit high 896

Trail stop to 891.0

4:01 pm - FKLI really breakout today

Trail stop higher to 889.

12:49 pm - FKLi MACD had cross up

Trade #7 is long at 889. Stop loss at 885

10:33 am - FKLI had overhead problem

Every time FKLI move ahead uptrend and wud selldown due to insufficient vol on cash mkt. It is the fluctuation of discount and premium that making FKLI to move up and down.

9:43 am - FKLI is going noway.

Wait to go long if break 891 today. It will be its third attempt.

9:42 am - Trade #6 is stopped out at 885

Trade #6 end with a 2.5 pts loss.

3:56 pm - Trade #6 looks to stop out soon.

Looking at the MACD, it did not cross at all. This is a mistake. Take a loss at 885.

Loss -2.5 pts.

3:12 pm - FKLi going nowhere for the time being.

It looks like it is going sideway. trail stop to 884.5.

11:19 am - Trade #6 long position is triggered.

Long position triggered at 888.5 and hit high of 889.
Stop loss at 884/884.5

10:56 am - Trade #6 is ready to go long 888.5 pts

Stop loss at 882.5 pts.

10:22 am - Trade #6 is ready for long at 888.5/889.

Waiting for MACD to cross up. 7 line change bar has set up nicely.

10:19 am - Trade #5 is triggered at 888

Loss of -2.5 pts.

Looking to go long at after MACD cross.

3:54 pm - FKLI hit lower at 883

Trail stop to 877.5

11:22 am - Trade #5 is shorted at 855.5

Trade #5 is initiated. Stop loss at 889.

11:13 am - Trade #5 is ready for short

Short at 885/885.5 as MACD above to cross down and 7 bar line change is violated. Daily pivot broken at 887.5.

Predicted low today = 884.0 pts.

10:27 am - FKLI is not going anyway but down.

FKLI hit high of 892 yesterday. Trail stop to 887.

Watch out, MACD about to cross down.

3:39 pm - Trail Trade #4 to 885.5

FKLI hit high of 891. Trail stops higher.

11:19 am - FKLI hit high at 889.5

It shud hit high of 890.5. Trail stop to 884.

10:16 am - FKLI is reversing from down to up.

The cash vol is 62 mil at 10 am. Projecting today cash vol closing 341 mil. So there are some institution buying today.

If it cannot break 888.5, it can be a resistance.

9:29 am - FKLI heading north today.

The last minute uptrend yesterday continue this morning. It is critical FKLI can closed above 884.5.

Daily Pivot
R2 = 888.5
R1 = 884.5
P = 880.0
S1 = 876

Trail stop to 882.5/882.0 pts.

5:17 pm - Trade #4 long position is triggered

Long position is triggered at 881.5 pts.

Stop loss = 877/877.5

Tomorrow pivot point.
R1 = 884.5
P = 880.0
S1 = 876.0

3:58 pm - FKLI is moving sideway

FKLI hit a low at 874.5 and high at 879.5

MACD almost cross down. So no position is taken yet.

Trade #4 is ready for either long or short.

5:05 pm - FKLI Trade #3 is stopped at 877.0

Trade #3 loss of 0.5 pts.

Await for Trade #4 for setup and signal to go short.

4:15 pm - FKLi going sideway

FKLi has heading downside or sideway.

10:33 am - FKLI rebounded to high 882.0

FKLi rebounded back, so trail my stop to 875.5.

10:33 am - Trade

10:30 am - Update for last Friday trade

Trade #2 was stopped out at 876.5 when FKLI hit low 870.5 and rebounded. Profit win +2 pts.

Trade #3 was initiated on Friday when MACD cross at 877.5. Stop loss at 872.

3:44 pm - FKLI selldown further

Trail stop to 876

2:04 pm - FKLI average daily range has reached

We have reached 6.5 pts i.e. average daily range. The mkt shud rebound back or selldown further (unlikely).

Trail stop to 879/879.5

12:32 pm - FKLI Dec selldown further to 875.5

Wow ! The proton selldown is really driving the bearish market.

12:15 noon - FKLI trade #2 short triggered at 878.5

Trade #2 is triggered at 878.5. Stop loss at 881.5

11:33 am - Get ready for long at 883/883.5

For FKLI Dec, I am interested if FKLI comes to this level.

9:37 am - Trade #1 is stopped out at 880.5

Loss of -2 pts. The FKLI mkt seem not to go down trend. Cash mkt support at 894/895.