5:17 pm - FKLI hits high at 921.5

Trail stop to 916.5 pt. Trade #16 is in the money -> 16.5 pts.

This is the big fish that comes once per mth or two mth.

The FKLI opens next Fri. It wud be interesting to see how it goes since it is out of sync for a week with the regional mkt. Nikkei is up +350 pts. That's fantastic.

See how DJIA wud work out tonite.

1:07 pm - FKLI holding on higher to 919

Stops remained at 915.0.

10:22 am - FKLI hits high at 919.5

FKLI has been trailing up for 3 days or more or 25 bars. At 25 bars, trail your stop tighten your to 915.

This is a good month. CNY rally did come back after all.

5:49 pm - Institution rollover of Jan to Feb 2006 completed

As the rollover is almost completed, FKLI for Feb hits high at 914. Trail stop to 909.0

12:12 pnm - FKLI cannot go higher.

Since FKLi is approaching the 20+ bars, tighten stop to 906.0

10:15 am - FKLI Feb hits high at 910

Trade #16 is trailed up to 905.5. In the money.

9:22 pm - FKLI Jan/Feb hit high at 907/912

Trade #16 is on Feb mth. Trail stop to 902.5. Trade is in the money.

12:04 pm - FKLI MACD cross up and buy signal is on.

Trade #16 is on. Long is on at 900.0.

Stop loss at 896.5

12:28 pm - FKLI showing bullish divergence

There is long setup coming soon. The FKLI price is moving down but the MACD is moving higher.


Watch out and tighten trade #15 to 901.0

11:53 am - Late update Trade #15 - Short at 903.5

Trade #15 short is triggered at 903.5.

Stop loss at 901.5

11:11 am - FKLI is in downtrend. CNY rally is over

The daily FKLI MACD has crossed down. It looks like a short position from now onwards.

CNY rally is over.

10:45 am - Trade #14 stop is triggered at 906.5

Loss of 3 pts.

10:28 am - This Jan mth is ending earlier due to CNY

We wud have shorter trading month. So the last trading is 27th Jan, 2006.

Therefore, institution wud be doing their mthly rollover of contract and MACD cross over gives occasional false buy or sell signal.

It is best to stay out during these time.

10:22 am - Trail stop higher to 906.5

I may close this trade if the MACD abt to cross down.

4:43 pm - Trail stop to 905

IF FKLI close above 908, it is in a good position.

12:45 pm - Trade #14 is on - Long at 909.5

Stop loss at 904.0 pt.

10:00 am - FKLI needs to break 909.5/909

FKLI needs to break these level to go long.

9:55 am - FKLI long setup is on

FKLI long setup i.e. MACD abt to cross up. However, FKLI gap up meaning likely to selldown.

Daily pivot at
R1 = 908.5
P = 905
S1 = 902.5

FKLi need to break 908.5 convincely for long buy signal.

1:55 pm - FKLI falls further

Yes, it can fall further but look for long setup and buy signal.

3:56 pm - Past this trade !

The MACD first crosses on the 12 Jan 06. Taking a short position now is not MACD system. It has been downtrend over 3 days.

Skip this trade as the short signal is mixed (not clear).

2:01 pm - Look to go short for FKLI

Look to go short at 913.5/913.0. MACD has cross down.

Bollinger Bands is narrowing and it can expand upside or downside. If it breaks upside, go long else breaks downside, go short.

3:00 pm - FKLI may be trending sideway from now.

Shorts are covering their position but longs are not buying. This is a FKLI sideway market.

2:49 pm - FKLI - Lot of short covering activities

Due to short covering their short position, FKLI hits higher to 919.

Look for long setup and buy signal at this point.

FKLI hits triple bottom at 912.5/913.0. It has strong support at this triple bottom.

10:15 am - FKLI breaking MA 50 today.

FKLi is trading at the mid of MACD. So I wud wait for the next cross down to short. Pass this one.

5:40 pm - FKLI hits retracement hit of 61.8%

From the Fibo no. FKLI does not look it can go up. The major resistance to break is 925.0 pt and FKLI hit 923.5 pts.

The EOD candlestick is a long doji tail - topping tail. Sign of resistance is strong.

FKLI is showing sign of bearish divergence. Look for short position now rather than long position.

Watch for the short setup and sell signal.

5:40 pm - FKLI hit high and go nowhere from here !

Trade #13 was triggered at 919.5 and stop out at 917.0 where MACD cross up this morning.

The trade was in and out within one day. This is a significant event as FKLI have exhausted its bullish run. The FKLI is evidently showing bearish divergence.

Trade #13 ended with a loss of 2.5 pts.

Lookup for FKLI to cross down at MA 50 to go short from here.

Think of short position more than long.

11:44 am - FKLI long position wud be at the eod

Wait for the FKLI price to come to you.

10:25 am - FKLI has crossed down. FKLI is overbought.

The FKLI has eased off its buying and into selling terrority. Look for long position at 916.5/917. Wait for setup and buy signal.

11:29 am - FKLI weekly range average for this week is 32.5 pts.

The max weekly range average for year 2005 is 33.5 pts.

Can FKLI breaks 917 ? Maybe but it is statistically against me to trend against the trend.

I waiting for Trade #13 to go long and short if below 50MA.

11:12 am - Trade #12 stopped out at 910.5

This is good start for the year 2006. Profit +19.5 pts for trade #12

I was in the trade for 19 bars.

It is interesting to note that cash is up but FKLI is selling down.

11:01 am - FKLI hits high at 917

Trail stop higher to 910.5 pts.

The 917 bar is long doji and it hit daily pivot resistance at 917.75.

So I reckon it cannot go up further and sell.

3:34 pm - FKLI today creates a new record outlier for average daily range

Year 2005 average daily range was 19.0 pts. I think this was also during CNY 2005.

Today daily range is 19.5 pts. (915-895.5)

Trail stop higher to 908/908.5 pts.

3:22 pm - FKLI hits another new high at 914

Trail stop to 907/907.5 pt.

3:19 pm - FKLI hits 913.5 new high

It is interesting to see FKLI and cash run up so fast due to foreign fund coming in to buy. As of now, cash vol. is 526 mil.

I have not seen this kind of vol for a long time.

Trail stop to 906.5/907 pt.

2:57 pm - FKLI There were a lot of short covering early in the morning.

The EOD short position trader and inst. covered their position by going long and hence pushing FKLI higher into premium terrority.

2:54 pm - FKLI hits new high at 911.5

Trail stop higher to 905.0 pts.

1:43 pm - FKLI cracks 900 resistance and cash cracks 902 resistance

CNY rally is on and it started as predicted. It may not last long. Protect your profits (MONEY on the table).

FKLI went from disc -1 pts to premium +6.0 just in few minutes. FKLI is bullish now. I have not seen it gone to premium for a long time.

Interesting note was FKLI is the leading indicator. It breaks 900 at 9.15 am and Cash break 902 at 10.10 am.

Trail stop up to 904 pts. Trade #12 is in the money.

5:07 pm - Possible of cash breaking 902 for the 3rd time

This is a powerful indicator that CNY rally is back for Jan 2006.

4:54 pm - FKLI breaks R1 at 893

FKLI has the habit of breaking 893 1st and then retrace back. This is due to stop being triggered by stops of short position.

It wud fall back and the 2nd time it break 893 - this is a confirmation that it wud go higher.

4:48 pm - cash discount is almost nil. Cash need to gain more ..

Cash disccount now stds at 1.0. This is very bullish mkt if there's a CNY rally.

Trail stop up to 890.5/891. I am almost in the money today.

11:08 am - Trade #12 is long at 891

Long is in !

4:07 pm - Looking to go long at 889

This wud be a good spot to go long provided setup and buy signal comes together.

3:44 pm - FKLI trading below 50MA - 887.5

It is short time now. We missed the last MACD cross down, so now we wait for cross up to go long. If there is a CNY rally, it has to start this week.

Look for the setup and buy signal for long.