20110314 The fcpo breakout has reached the objective, the width of the box.

The market and trader actions are driven by the 3 words: fear, hope and greed.

1 Fear- the trader came into the market this morning and saw the 600 point plunge in the Nikkei 225 and cut all their FKLI futures positions at a panic.(probably at 1482) Price is now 1498.

2 Hope, a 'long term player' holds long in FKLI from 1550, cites 'fundamentals and earnings are good'. The price is now 1498.

3 "Greed", a short term scalper piles into shorts fkli at 1490 on 'news' of a 'possible meltdown of the 3rd reactor core in Fukishima plant in Japan. Price is now 1498.