Thursday, April 10, 2008

5:18 pm - FKLI close 1243.5 due to last min selldown from 1249.0

If DJIA closes lower tonite, we wud have lower - FKLI to gap down. If the gap is filled, FKLI is heading for another bullish day.

4:38 pm - FKLI is certainly bullish and this time is the long position to take profit

So you wud see weaker FKLI at this moment.

Some clients already long based on their indicators.

Daily chart has strength detected ! LONG is on.

However, our intraday TG has no buy signal.


9:54 am - FKLI wants to go higher !


It may form a double top at 1228 and once confirmed, you can short. Else FKLI can break above 1228.