5:48 pm - FKLI on a daily basis still moving sideway !

11:47 am - FKLI staging a mini intraday rally but selldown !

We exited our LONG position with a loss. Stop out at 1423.5

10:04 am - FKLI - Could this be a forming a Head and Shoulder Pattern

You can see the right shoulder followed by the Head and the left shoulder which yet to be formed ? Once you see and confirmed the left shoulder, the market is more likely to turn bearish ?

Looking back to the last 2004 election if history is any indicators, the market back in 2004 was moving sideway and 5 days leading to the polling date, the market moves up.

9:32 am - FKLI is supported by 50MA at 1425