Friday, July 11, 2008

12:42 pm - FKLI broke higher to try to reach 1140


Gone long for some of the clients !


9:04 pm - DJIA is at major support here at 11,170


Look at the monthly chart of DJIA. The last time it was here for 3-4 mths in 2006, so I expect DJIA to stay and congest for a while.


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 .