Wednesday, October 28, 2009

20091028 1254 FKLI Hourly Chart Study.



FKLI closed at 1251 down 3 points. Trading below mid Bollinger band = market is still doing downside movement correction. Bollinger band width stopped expanding at the last bar = possible side way or pull back. MACD Histrogram stay nearly flat = selling activity started to slowing down. Overall market still doing correction.

No comments: