Tuesday, October 20, 2009

20091020 1315 FKLI Hourly Chart Study.



Needless to say, super bullish sentiment made FKLI triggered and closed at new high 1273.5 level up 8.5 points. With all the indicators(on the image) calling buy buy buy. FKLI is doing 7.5 points premium over cash market.

Looking at the stock market top ten most volume traded counters are mostly speculative stock giving me a uncomfortable feeling that raised the question : will this be the last leg of the bull run ? I'm sorry to all for having such negative tought in such a bullish sentiment market and I can't really help it. Hope that I am wrong. Just hope everyone adopt the see money take money approach with a cut loss plan when trading.

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