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.
posted by emacro @ 5:38 PM
2 comments
2 Comments:
FKLI closed above the 50-day M.A. on Friday. Macd and momentum readings also indicate trend has changed. I would be more comfortable taking a long postion at this point. Buying on weakness would be a good idea.
Agree on that point there, I'd be looking to buy on weakness. Some pivot levels are 913.88 921.75 923.38 931.25 932.88
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