4:22 pm - FKLI hit 926 in the morning and cash hold on

FKLi takes the opposite route and selldown to 920.5 which is the last support. If broken, we see further support at 918/919.0

Stop loss at 923.5 pts.

Rgds,
-martin-

5:08 pm - Call broker to short at 925.5

Trade #9 is shorted at 925.5. Stop loss at 928.5/929.0 pts.

10:16 am - FKLI open 925 and run to 931.

System indicate Trade #9 is a long position. However, I rather short at this stage. For trading system, I wud miss this and trade on discretionary by shorting at 929.5.

Stop loss at 934.5

Target to get out at EOD or stop loss at 934.5 as I am trading against trend.

Rgds,
-martin-

12 pm - FKLI hits low of 923.5

Daily pivot is

R1 = 933
Pivot = 929
S1 = 925

3:20 pm - Close trade # 8 at 931.0

FKLi is closing this Friday. Stratch the trade with profits +0.5 pts to cover cost.

9:48 am - FKLI has 4.5 pts range from 929.5 - 925

For FKLi to go higher, it has to close today at 925 + 7.5 = 932.5. Buying long at 929.5 . Premium
at now is +6.56 pts.

A short at this moment wud be better but considering the market is trending up. It is riskier to do so.

Too much of a risk especially when this Friday is closing of Sept contract. This is not one of the best buy signal but I wud follow my system.

Trade #8 is long at 930.5. Trail stop loss is at 928.0 pts.

9:48 am - FKLI gap up 2 pts and run away

FKLI hits 929.5 for the first time and I am reluctant to trade until 10 am.

Trade #8 is placed at 10.00 closing price.

10:13 am - Trade #7 stopped out at 920.5

Profit = +2.5 pts.

Waiting for MACD to cross up today at 923.5

12:50 noon - FKLI head high at 927

Trade #7 is in the money. Trail stop to 921.5

My last year record shows me that this 30 Sept wud have some window dressing for 4th Qtr. Last year at this time 2004 . Cash went up.

Rgds,
-martin-

6:22 pm - FKLI break 920 and head for high at 921.5

Trade #7 stop is trailed to 915.5/916. 0

Daily Pivot for Sept 16 FKLI / FCPO

R1 = 923.1 / 1394.67
P = 917.67 / 1387.67
S1 = 912.15 / 1380.67

It is interesting to see how FKLI wud open and react to DJIA tonite.

4:32 pm - FKLI is good if today close > 917.0

4:25 pm - Trade #7 is triggered long at 918

Trade #7 stop loss is 912.5. But ATR stop is at 914.0/913.5

Interesting enough, Cash Hrly chart form a double bottom at 914/915

3.00 pm - Trade #6 is stopped out at 915

Profit +3 pts. Preparing to go long at 918.0/918.5 pts.

Rgds,
-martin-

9:50 am - FKLI gap down to 911

FKLI hit low of 910.5. Trail stop to 915.5. In the money for Trade #6.

5:15 pm - FKLI hits low of 912.5

The Daily EOD stop at 915 was finally broken at 4.30 pm. Trade stop is trailed to 916.5/917

Daily Pivot for 15 Sept FKLI / FCPO:

R1 = 917.67 / R1=1392.6
P = 914.67 / P=1388.67
S1=911.67 / S1=1384.67

3:58 pm - Trade #6 is triggered at short at 919

Stop loss now is at 924 pts.

3:57 pm - FKLI stop out at 922

Trade #5 is stopped out at -3 pts loss.

5:15 pm- FKLI surged to previous high and breakout

Instead of shorting at 913.5, I went long at 925 i.e +2 pts above the last high.

A significant event, the daily MACD cross today. So come Monday, there wud be a lot of people looking at this daily chart and said Heh ! it had cross. Time to buy. Wud it go up ? I do not know but time wud tell.

Trade #5 is long at 925. Stop loss is 917.5

Trade #4 : Sell stop at 913.5

If FKLI falls further, short position is triggered at 913.5, below 50MA

10:00 am - Profit objective for Trade #4 hit at 915.5

Small profit for +3.0 pts as I am trading countertrend.