20050829 Lunch session break. FKLI gapped down this morning and sold off into lunch close. The crude oil price hit above US70 per barrel, sending shockwaves into stock indices across Asia, so there was not hte expected strength in FKLI. But the sell signal (red arrow) on last Thursday close is still in play, with CCI momentum still pointing down after a pause. One thing is clear, the spike up in the FKLI after the cash closed was a short squeeze and non sustainable, it is now clear.
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