The Aug mth FKLI MACD did cross up with 7 bar line chg signify long position. It took out the last high at 932 and with 2 pts buffer, the long position is on at 934.5.
I was out of the office so the trade is not taken.
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Thursday, July 28, 2005
10:12 am - FKLI break to 938.5 but no long signal yet
My long position has not turn buy yet even MACD did cross up, the 1st bar at
the point after MACD did cross up, the high must be higher than the last
bar.
However, the bar was the same. Hence, no buy signal at 938.5. It had to
break 938.5 and higher.
Rgds,
-Martin Wong-