FKLI 15 MIN OUTLOOK 26/08/2011

marketwizards

Middle band at 1466.50. Let say it able to rebound and hit this level. It good to hold a short position. However, it able to penentrate 1468.50. We should consider cut and turn long.For the past 2 days, it have form a downward channel.
Par Sar still curving down
MACD seem to cross upward however it just move parallel, for the historgram it seem to get rid from the negative region and move upward.
Therefore, believe there might be some small rebound.
Trading strategic : Queue short at 1466.50. If it don't hit, then do nothing as we believe no position is also a position where you wont lose single cent.

hkjj

today Pivot 1465.67 < yesterday pivot 1473.17 going to short position today

R3        1492
R2R3        1487.083333
R2        1482.166667
R1R2        1477.25
R1        1472.333333
p R1        1469
Pivot        1465.666667
S1 p        1460.75
S1        1455.833333
S2S1        1452.5
S2        1449.166667
S3S2        1444.25
S3        1439.333333

Today opening at 1459.5 fall within S1P Looking for short at 65.5