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).
Monday, January 16, 2006
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.
Bollinger Bands is narrowing and it can expand upside or downside. If it breaks upside, go long else breaks downside, go short.
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