This blog website represents my daily trading positions and thoughts on how I trade the futures and commodity and allows others to view and understand the Importance of Being a "Honest" Trader.
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word, and your friend.
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Friday, July 11, 2008
8:59 am - FKLI gap up on strength of DJIA ???
But can it last ! What is obvious is the most dangerous ! Long at this level is dangerous .
looking at 15mins and 60mins FKLI chart, ascending wedge (bearish formation) plus 1132 horizontal resistance, my bet is on the "short side", higher probability and lower risk. LONG has No Power / $ to support it.
looking at 15mins and 60mins FKLI chart, ascending wedge (bearish formation) plus 1132 horizontal resistance, my bet is on the "short side", higher probability and lower risk. LONG has No Power / $ to support it.
ReplyDeleteWell I wrong about that !
ReplyDelete