FKLI 24th Aug 2009

As yesterday,
sorry for did not update on last friday, was on vacation.
short position still holding.
thursdays intraday profit 1 point

Results,
3 safe, 0 con, 10 losses, 6 win.
Average -15.5 points/lots

Outlook,
based on overnight dow jones closing, it's likely FKLI to rebound
resistance levels at 1169, 1174 and 1180.5

strategy,
if FKLI >1180.5, cover short position, and turn long.
if FKLI 1169 < x < 1174, stay out. short on rebound. cut loss on previous high + 3 points.
if FKLI <1169, after touched, +- 1 point, short, cut loss previous high + 1 point.
if FKLI < 1152, short signal, short, cut loss at 2 previous 15 min bar high + 3 points.
if FKLI <1147, short signal, short, cut loss at 2 previous 15 min bar high + 3points.
if FKLI < 1137, short signal.