FKLI 20th Aug 2009

As yesterday,
still holding short @1164.5 stop 1162.
intraday sold @1161.5 triggered at 1159, profit 2.5 points.

Results,
3 safe, 0 con, 10 losses, 5 win.
Average -16.5 points/lots

Outlook,
support seen at 1147, 1137.
possible to rebound.
however, still bearish.

strategy,
if FKLI >1161.5, cover short position.
if FKLI <1147 on 15 min closing, mild short signal, short, cut loss on previous bar high +3 points
if FKLI <1137 on 15 min closing, break 38.1%, short, cut loss at previous bar high + 3 point, as market might be shaky that time.