FKLI 31th July 2009

As yesterday,
short position still holding, stop still remain at 1180 levels.

Results:
3 safe, 0 con, 9 losses, 2 win.
as total: losses.

Outlook,
sideways again.
formed a symmetric triangle or a base at 1158 but my support at 1159.5
possible rebound tomorrow. or possible to plunge. either ways, still short. but must not break 1174 levels.

strategy,
if FKLI > 1180 on 15 min closing, close short position and turn long. while cut loss at previous 15min bar low.

if FKLI 1158 < x <1174, stay out, hold short.

if FKLI < 1158, sell signal, short, cut loss at 2 previous 15 min bar high + 3points.

if FKLI <1153, sell signal, short.

Monitor,
Dow Jones and Nikkei trading.

All the best in trading.