Thursday, October 06, 2005

3:25 pm - FKLI selldown to 913.5 again in the afternoon session

However, I have already cashed out at 918.5,. This is trading. You do not get the best everytime.

I am looking for an opportunity to enter tomorrow either short or long.

10:38 pm - FKLI open at 919 and selldown to 913.5

I think the FKLI EOD day traders got stop out at 916-913. That may explained why there are a huge selldown for these long position.

Normally, if FKLi gap down, FKLI wud close higher. My stop was triggered at 918.5

Trade #9 end +7 pts profit.

Watch to go for long position today at 920.5/921 .

Rgds,
-martin