Tuesday, June 03, 2008

5:59 pm - FKLI is testing monthly support @ 1248.5

Having broke 1256.0 and FKLI is turning toward lower high. With weekly support s2 @ 1244.0.

FKLI wud test 1244/1248.5 tomorrow.

4:45 pm - FKLI broke down 1256.0 for the second time.



Short trade is initiated. My newsletter recommendation also recommend Short @ 1256.0.

Going SHORT !

9:30 am - Doji followed by a wide range down bar

DJIA has a bearish pattern. You can keep FKLI overnite on short trade.

9:06 am - FKLI gap down due to DJIA -1.0 pct dropped.


Can FKLI drop further than 1260.0 ? It has a strong support at 1260.0