Thursday, July 19, 2007

4:02 pm - FKLI fill at 1369.0 instead

Long at 1369.0. Stop loss 1356.5

3:13 pm - Buy stop limit at 1367.5

Waiting for FKLI to break upside.

2:56 pm - FKLI is ready to cross up

Place buy limit at the high 1367.5

11:09 am - Lot of short covering this morning !

There were considerable vol in covering short position today. Since then, there is no up push of the FKLI.

Wait for FKLI to cross up.