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Friday, March 10, 2006

2:35 pm - FKLI is near is 61.8% retracement high of 919

FKLi high was at 918 and near 919.5/920.0. If it can break this resistance, FKLI is trending higher.

Thursday, March 09, 2006

4:15 pm - FKLI has broken above 50MA at 912

The FKLI did break upside at the middle of MACD, it maybe due to short covering by EOD trader. The short covering by hrly trader was yesterday.

Yes, we do miss this kind of run.

Upside capped at 919.5/920.0 at 61% retracement

10:02 am - FKLI has broken 910.5

FKLi is the middle of MACD so no buy signal. Let this one thru.

Wednesday, March 08, 2006

3:08 pm - FKLI has cross up and not break 910.5

FKLI is already in the midst of MACD. No long signal despite there is a long setup

9:51 am - FKLI is showing bullish divergence

As the price is dropping lower, but the MACD is moving higher.

A good setup for long position is in the making.

The long entry is at 911/911.5

9:51 am - FKLI Trade #4 is stopped out

Stop loss at 909. Loss -4 pts.

Tuesday, March 07, 2006

4:25 pm - Trade #4 is on - Short at 905

stop loss at 909/909.5

4:21 pm - FKLI short setup and short signal on

Short at 905.0

3:17 pm - FKLi selldown to 907.5

FKLi cannot break upside of 912.5

11:42 am - After 4 days of consecutive down days

This is a short covering activities where shortists cover their short position by going long and we see a upsurge in the FKLI.

11:15 am - Cash is currently at 50% retracement of Fibonacci


This is a common pattern of Cash mkt retrace to 50% of the mkt at 911.3

10:54 am - FKLI did cross up and long setup is on

Look to buy if it break 912.5

Monday, March 06, 2006

4:52 pm - FKLI : Look to go long at 915 pts.

The daily pivot is 916.33, R1 = 919.58 and S1 = 913.0

FKLI need to stay about 913 for long setup.

4:35 pm - FKLI has been down for 4 consecutive days

There is a high chance of the FKLI to rebound after 4 days of down. Yes, we did miss the short signal but we do not catch them all the time.

Remember risk and money management to prudent futures trading.

Watch for the long setup and buy signal.

Friday, March 03, 2006

6:35 pm - FKLI could cross up and selldown

FKLI cud not cross up to 920.5 and beyond and roll down hill.

There was no opportunity to long and it is in the downtrend as MACD had cross down.

Thursday, March 02, 2006

Wednesday, March 01, 2006

12:26 pm - FKLI did not cross up and selldown

Wait for 50 MA to cross down to go short. But not now.

Tuesday, February 28, 2006

5:07 pm - FKLI March abt to cross up

Ready to go long. entry at 928.0/928.5 pts.