20070822 1245. AJust efore the 10:15 candle closed, my friend Andrew alerted me to the possible setup, asking if one was in the process of setting up. I wasn't paying attention this morning, but on checking the 15 min FKLI futures chart, sure enough it was staring us in the face, with breakout levels of 1226.5 and 1217.5. Prices broke to the upside, retraced (to a low of 1221, but not to 1217.5) and rallied to a high of 1235.5 just before the lunch session break. With proper risk control, one can stay with this trade, and hopefully get some reward.