5:19 pm - Last min profit taking thru selling !

This is a good support area where FKLI is resting. If it can rebound from here, we wud see higher FKLI. FKLI may come down to test 1270 again if it is heading downward.

4:02 am - Forecasted FKLI is go how high - to 1334.0

Projecting using Fibonacci 161.8%, we get a high 1334.0 for FKLI shud FKLI break 1300.0

(Cannot upload chart)

3:10 pm - FKLI is undergoing profit taking. Look at the upthrust bar

This is where you shud put your stop for a intraday short trade. Long stop is still at 1291.0

10:19 am - FKLI is undergoing profit taking as FKLI tested 1300

Our LONG stop is at 1290.0.

10:13 am - DJIA is holding above 12,700 nicely

Volume is reasonable, let's see if it can hold tonite to spur up movement. If DJIA end tonite with a Doji, the uptrend is intact.

9:41 am - FKLI finally touches 1301.5 and selldown due to profit taking

As stated in my newsletter that I sent out to my clients, this the 2nd time, FKLI touches 1,300 and on low volume, so I expected the FKLI will pull back a bit before testng it again several days later. When it test for 3rd time on high volume, we will see FKLI breaking 1300.