20050629 Closing low meant momentum of the CCI is gaining on downside, so short signal 2 days go is working now, at least not in drawdown. 

20050628 Downward momentum stalled with CCI going flat. But short still in play for this trade, which is counter trend. 

20050627 CCI broke below +100 indication to exit the long position and entry into short position at the close. The blue horizontal trend line was broken as well. 

20050623 12:30 pm lunch close chart

20050622 Sorry no chart today, but the FKLI today would show nice upward movement in CCI with prices breaking out.

20050621 Sideways action still continues. Today is the first day f the rollover into July contract. Again CCI movement will provide clue, but market internals are encouraging for upside breakout. Most notably a few stocks with weighting in the cash index like Commerz, POSHLDG, PETGAS, PLUS are showing strong indications of upside breakout. 

20050620 Not much movement as the mrket cnsolidates. CCI movement out of the 'chop' around +100 (up of down) will point the way for the momentum of the next move. 

20050617 Looks like the sideways consolidation continues on Friday, with the buyers coming back into control after the early morning selldown. CCI is still is hanging around 100, a decisive break above +100 will show nice momentum continuation to the upside, suppoting the case for the bull move. 

20050616 Facing resistance, another day of profit taking. The CCI is not too overbought though so the FKLI may see some range trade ahead. 

20050615 Momentum resumes after 1 day profit tking consolidation. Watching for over bought condition, but CCI has to be above 150 for overbought conditions. 

20050614 Hook in the CCI indicator shows momentum waning, so is good place to take some money off the table. 

20050613 

20050610 Weekly chart 

20050610 CCI crosses zero decisively, could signal the change in trend. Buy signal still intact until CCI hooks down, which would give signal to take profit. 

20050609 Upmove still intact Movement of CCI still up, so long position should be held. 

20050607 Momentum stills intact in the rebound. However the big doji pattern indicates indecisiveness. 

20050606 Retracement continues, even though daily trend is down. Momentum stil ok to last 2 or 3 days from yesterday's buy signal.(yelow arrow) 

20050603 Trend line broke and fkli reversed with some mementum, coud continue for 2 or 3 days. 

20050602 Downtrend intact, but testing trendline. See if it can break through. 

20050601 Still downtrend, but depending on closing on 2 June, could get inverted ghost pattern for the long.