FKLI 2nd July 2009

As yesterday,
FKLI sell position, stop was triggered at 1082.
loss money. loss 8point/lot
from profit turn to losses
intraday loss 2.5 point/lot

Result: 1 safe, 1 loss, 0 win

For FKLI,
Yesterday, daily chart show long green bar.
hourly chart close at 1083, 1.5 point higher than my expectation.

Outlook:
Possible Bull Market continue
Possible just rebound market.

Strategy for tomorrow.

If tomorrow FKLI trade <1077.5, i'll hold short position, cut loss same at 1082, 15min bar chart closing, not high.

If tomorrow FKLI trade >1086.5, i'll wait for long position. possible plan is cut loss at 1077.5 on 15min bar closing, not low.

if tomorrow FKLI trade 1077.5 < x <1086.5, i'll stay out from market.

Things to observe

Dow Jones closing

Wednesday: ADP employment, ISM manufacturing, Construction spending and Auto sales.

Thursday the regular weekly Jobless claims, along with Non-farm payrolls, the Unemployment rate (10%?), and Factory orders.

Friday is a holiday in the States, Independence day.

Tomorrow morning nikkei trading.

Best of trading days. All the best