The FKLI is at its 61.8% retracement. Any more downward movement beyond 72% at 1337 will signify FKLI to go below 1320.0
FKLI is at the 1361 support and this is a major support. FKLI has been down 6 days in a row. Look for reversal on a long trade.
Friday, February 22, 2008
11:10 am - FKLI is still going down !
Think to add on to your short position ! If there is a rebound, it wud be on Monday, Feb 25 2008 when DJIA gives out the bad news this weekend. Let's see if this comes true.
We wud see more downside on Monday before the FKLI rebound.
10:18 am - FKLI gap down due to DJIA -141 pts.
The market is heading lower to 1340+. Our short position is in place.
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