FKLI did cross up but did not break out from 937. If it does not break out 937, the market is not going to support it.
The market gap up higher and begin to sell down. This is a FKLI characteristic when DJIA close higher. This is a short pattern setup to short. It did break down to 927.5 and MACD cross up again. So, I cannot really make money from it. The market is moving sideway for Friday. Also no big inst. is coming to hold over weekend position.
Friday, August 12, 2005
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