8:51 am - FKLI cannot break higher than 1120.5 for today.

From the outlook of chart, we may have reached at resistance at 1128.5 despite what the experts are saying how bullish it is.

3:43 pm - Waiting for the MACD to tell if I shud go long or short.

The daily candlestick is bearish after registering a doji bar yesterday. If today bar closes below 1115.5, the trend is bearish on short term.

3:32 pm - Trade #20 is stopped out at 1114.5

Profit +10 pts.

1:12 pm - FKLI Jan cross over at the opening.

Long at 10 am at 1104.5. Stop loss now at 1102.0

5:39 pm - Finally, the FKLI is crossing down.

Today is the end of the year 2006 trading. I believe I had a good year in trading. Trading returns is almost 60%. I believe the systems work. Cut your losses fast and let the profits run.

Have a good year for 2007 and make sure you have a trading goals ready for 2007.

Happy New Year.

I am think to go long at this stage. Wait until market re-opens on Jan 3, 2007

5:11 pm - No long position triggered as the 7 bar line change happens at 4-5 pm.

No position taken.

5:09 pm - Trade #19 is triggered short at 1071

Stop out at 1062. Profit +9 pts.

4:56 pm - Trade #18 is stopped out at 1062

Profit of +9 pts.

9:55 am - Update : Trade #18 triggered long at 1071.

Stopped out at 1082. Profit +11 pts.

9:53 am - Trade #17 stopped out at 1067.

Update : Short trade #17 works well +23.5 pts

4:37 pm - Trade #17 is triggered short at 1090.5

Stop loss now at 1097.5

1:07 pm - FKLI drop 50 points due to no buyer at the bottom.

Trade #15 is out at 1100.5 Profit +9.5 pts.

What a interesting morning to begin. At 9.26 am and within a span of 2 mins. from 1105.5 it drops to 1050 and went back to 1105.5.

Explanation : The market is getting very bearish at the top.

5:18 pm - FKLI hits 1100 and trading at 12 pts premium.

Trail stop to 1091.5

5:01 am - FKLI has gone way, way premium

Almost 11 point premium now. Trail stop to 1090.5

4:52 pm - FKLI hits high at 1097.0

Trail stop to 1088.5

2:29 pm - Trade #15 is long at 1091.0

Stop loss at 1083.5

2:25 pm - Trade #14 stopped out at 1070.5 for Dec contract

Profit +9.5 pts.

3:41 pm - Trail stop to 1070.5 for Dec contract

3:37 pm - FKLI Nov hits 1085.5

That is the highest I have seen for a long time.

FKLI Dec is playing catch up. It is now 1080.5

3:18 pm - FKLI Dec contract hits 1079.0

Trail stop to 1069.5