3:21 pm - FKLI hit today high at 936. Trade #17 ready at 937

Wud my stop order be taken ? I wud like the FKLI to prove to me.

Rgds,
-martin-

12:24 pm - Stop triggered at 933.5

Trade #16 is hit with a profit +5 pts.

Preparing for Trade #17 for long position at 937.0 if it does come.

Since Trade #17 is counter trend based on below 50MA. I have to take quick profit for this.

Rgds,
-martin-

12:22 noon - FKLI is forming a bowl shape at 930

Watch for reversing up.

Tightening stop to 933.5 stop.

11:38 am - A pivot is formed at 929

A pivot is formed at 929, to go further downtrend, FKLI has to trend lower past 929.

11:33 am - Trail my stop lower to 934.0

If the FKLI moves up or close to 937.0/937.5, it wud signify the 3 days of downtrend is over and buyers are coming back into the scene.

10:25 am - FKLI hit low of 929 and rebounded

Is this a sign of a rebounding ? If cash mkt close lower, then this is the 3 days consecutive down days - giving a chance for rebounding to go uptrend. Do not trend against odds.

MACD cross up at 3 to 4 days. Either today or Friday is the short term reversal. Still I wud think of going short as long as it is below 50 MA.

Trailing stops at 934.5.