Thursday, July 9, 2009

FKLI 10th July 2009

As yesterday,
No position was established.
support 1052 never breach.
Didn't hold short position around.
Just see only.

Result:
2safe, 3 losses, 1 win.

For FKLI,
FKLI seems supported at 1055 levels.
Hourly RSI and 15 RSI seems manage to form a bear signal.
However, better to wait tomorrow for confirmation.
Seems like falling wedge confirmed. Support at 1052.

Outlook:
Bearish if 1068 - 1070 not break.
Might be turning bullish if 1070 break. But still will wait for pricing to go in.

Strategy:

If FKLI <1062.5, medium bear signal. short. cut loss at 2 previous 15min bar high on closing

If FKLI <1055, bearish trend is confirmed. short. cut loss at 2 previous 15min bar high on closing.

If FKLI > 1068, Bullish. All outlook turn long.

Things to monitor.

CI must not break above 1072

Dow Jones closing

Thursday, the weekly Jobless claims.

Friday the Trade deficit, Import prices index, and Consumer sentiment.

Nikkei Morning session.

5 comments:

  1. DOw JOnes only 4,
    Nikkei Up 36........possible gap down.......wait and see.

    ReplyDelete
  2. FKLI open lower, but still remain above our support.

    next support at 1058.

    ReplyDelete
  3. 1st medium Sell signal appeared.
    wait for further confirmation.

    ReplyDelete
  4. FKLI seems fail to break 1068.
    15min close lower low.
    Waiting RSI to break support.

    ReplyDelete
  5. FKLI is successful breakdown from RSI support.
    downtrend continue.

    short position establish.

    ReplyDelete