Wednesday, November 18, 2009

FKLI : trading sell coming soon ?


Yes, if mkt weakness continues tomorrow, below 7SMA or the uptrend line.

After 2-day of toppishness and with the mkt nearing break-or-consolidate junction, I wonder whether we r looking at 60-90 range for the rest of this month before another attempts in Dec.

Still keeping my fingers cross for another day or two, generally below 80 is negative-bias mkt.

Sell stops is raised to 74 from 70. Generally, buy signal is when mkt regains 80. Below 7SMA, even 70 does not look like good bargain anymore as the mkt is deemed entering pullback mode.

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