Thursday, January 12, 2006
5:40 pm - FKLI hits retracement hit of 61.8%
From the Fibo no. FKLI does not look it can go up. The major resistance to break is 925.0 pt and FKLI hit 923.5 pts.
The EOD candlestick is a long doji tail - topping tail. Sign of resistance is strong.
FKLI is showing sign of bearish divergence. Look for short position now rather than long position.
Watch for the short setup and sell signal.
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