Wednesday, July 05, 2006

5.00 pm - FKLI short setup is triggered.

Look to short on pullback. FKLi trading at 25 pts discounts.

4:20 pm - Cash trading at 23 pts discount

At this point, cash has to go down to correct the overly expensive discount.

10:06 am - Stop trigger at 905.5

Loss of -2.5 pts for trade #

FKLI MACD had crossed down. FKLI has been up for 5 consecutive days. It is time the bear to take over.