***** Next Master the Markets Foundation Course 1.5 days - Sept 14-15, 2009. Call Dolly at 03 4252 4149 to enroll ! ***** The Importance of Being A "Honest" Trader :-) martin_tf_wong@hotmail.com: Jan 12, 2006

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.

5:40 pm - FKLI hit high and go nowhere from here !

Trade #13 was triggered at 919.5 and stop out at 917.0 where MACD cross up this morning.

The trade was in and out within one day. This is a significant event as FKLI have exhausted its bullish run. The FKLI is evidently showing bearish divergence.

Trade #13 ended with a loss of 2.5 pts.

Lookup for FKLI to cross down at MA 50 to go short from here.

Think of short position more than long.