FKLI 2nd Sep 2009

As yesterday,
holding short position at 1169.

Results,
3 safe, 0 con, 12 losses, 7 win.
Average -25 points/lots

outlook,
still bearish.
seems like forming multiple wave 3

strategy,
if FKLI >1178, all short position must be clear, turn long, cut loss on previous 1 15min bar low - 3points.
if FKLI > 1171.5, cautious,consider to clear short position.
if FKLI < 1156 on 15min closing, short, cut loss on previous 2 15min bar high + 3 points.