At this point, I do not really know where is FKLI is heading to ? It looks like sideway to downward.
Tuesday, October 07, 2008
4:30 pm - DJIA futures fell into negative terrority !
Cut our long position but staying out for the time being.
12:25 pm - DJIA looking for a reversal. Notice the tail and it has a good support here !
However, volume is not convincing.
12:08 noon - US FOMC may look to cut interest rate after Australia cut by 1 percent.
FKLI looking very bullish as DJIA futures up +121
9:03 am - FKLI did not gap down much ! No selling yet !
After all, FKLI has sold down a lot. Think to take profit or go LONG now !