It's going for 1500 and above.
Tuesday, January 08, 2008
4:10 pm - FKLI go for 1500. Current at 1487.5
Being stop out and wash out yesterday, only trade Tradegudier buy signals on intraday.
No signal on Positioning System.
2:11 pm - DJIA is either forming a triple bottom or else...
10:24 am - FKLI reacting to Hang Seng and facing resistance @ 1480
If it breaks 1480 again, this is a buying opportunity.
Interestingly, the MACD did not cross down at all during yesterday selldown. The MACD is still up !
9:47 am - The double top formed last night fails. Broken the resistance @ 1470
The FKLI wants to go higher. Our Tradeguider signals yesterday indicates weakness. Abandon trade to short last min. Else we wud be stop out today.
Waiting for signals to go long. If FKLI break 1488 i.e. weekly pivot, go long. Read my newsletter recommendation.
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