20091007 1255 FKLI Hourly Chart Study : Still Holding Up But....

FKLI closed on the first half session higher by 5.5 points @ 1223 with 5 points premium againts the cash market. Trading at above Mid Bollinger Band indicate that market is still holding up. On the conflicting side, Bollinger Band width started to narrow plus MACD histrogram flatening might signal a sideway market or perhaps to take a rest before gaining enough momentum to move higher.