20050929 Another down candlestick, indicating selling interest. However fkli is pulling back to the area of the 34 ema, providing a possible buy point for continuatin of this small uptrend in the FKLI. 

20050928 A hook down in the CCI, indicates slowing of upside momentum, might be a good idea to lighten up on long position and take some profits. Chance might come to reenter near the 34 ema. 

20050926 133 tick chart of FKLI shows uptrend as at the close. 

20050926 Break out of the recent tight range with good CCI momentum. Be looking for dips to buy, maybe to the 5 ema on 60 min charts to climb aboard the uptrend for those who missed the buy signals.(yellow up arrows) 

20050921 Buy signals still in force. CCI momentum to upside (on balance) but is waning a little. 

20050920 

20050916 Closing sees CCI upside momentum intact, buy signals in force. 

20050916 11:18 am. 

20050915 Big candlestick indicates buying interest, opening near lows and closing near highs. Would expect more gains tomorrow. Well, the 910 test below failed to materialise, so this is a good support level for the market. Some buying in blue chips seen today. 

20050914 8:57 am. Broke through the bottom trend channel. Could be targeting lower levels below 910, with the moving average showing downtrend in progress.

20050913 Brke down with big selling candlestick, however is still within the big range. This morning gapped down to 915.50 with retracement to the bottom channel line now, could gear for more weakness ahead. 

20050913 12:18 pm. FKLI rangebound scribing a big range. Needs to break either of the trend lines. 

20050909 Strong finish, indicates buying of FKLI futures, after the low of 915.50 tested in the morning twice. Short position taken yesterday went into profit only 2.50 pts. Now indications from CCI are for long position, a double test of the zero line. 

20050909 5:15 pm. Found support around 916-18 region, closed strongly. 

20050908 A sell signal today, on breaking the low of the high day yesterday. CCI hooks down indicating upside momentum slowing. If CCI can break down through the zero line, the short trade could turn out better. 

20050906 Good movement up to test the moving average resistance as expected. Wall St had good showing the day after Labor Day in the US, which is seasonally a trait of the US indices. Expect some strength in the morning for FKLI. But would wait for blue chips here to exhibit some strength in buying then take a short for scalp trade. However this is a higher risk type trade and does not fit everybody's risk tolerance. 

20050905 11:27 am. Continuing on the technical rebound after breakout of the downtrend resistance line. 

20050902 Technical rebound for the day's trade. Moving average resistance at 920. 

20050901 With the expiration of August contract, trading September today. Tho contract gapped down on the continuous chart, forming a bearish candle, should see further downside tests tomorrow, but with oversold conditions not precluding a technical bounce.