Thursday, January 12, 2006

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.

No comments:

Post a Comment