It has a BIG TURNING POINT around 8 November 2011 (before or after the date: 8 November 2011).
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Going up nine days already and should be correction logically.
World markets are going down, FKLI should be going down logically.
FKLI only dropped until 9:45AM this morning, after that rebound.
Do you think OPEN LONG or OPEN SHORT?
Don’t trade any position, that is the best way, the reason is “NOT LOGIC” and UNCERTAIN now.
Open long at lower points and open short at higher points.
21 February 2011 (Monday)
From morning 1519.5 dropped until 1504.5, total drop is 15 points, it has signal of profit taking.
But around 11:00AM, it was rebound.
If you have open short positions, this is the stratety or method of cut loss.
From 1514.5 dropped until 1510.5, this is the first time of cut loss.
2nd time, it turned up until 1517 and profit taking to 1514.
3rd time, the cut loss point was 1517.5
Please see the attached picture as the below:
From 1519.5 dropped until 1504.5, it looks like downtrend then open short. When turned up to 1516.5, it break above the resistance and it confirmed it was uptrend. If you have open short positions, you need to cut loss when it was profit taking (red arrows).