A roller coastal day for FKLI that swings in the range to 10 point closing the day 7 points lower at 1238.5. Traders has switched their attention to the more volume traded november 2009 contract. Today long doji bar candle ended below mid Bollinger band for the first time after a long 18 days climb = market has turned into negative territory. MACD Histrogram continue to dive deeper = Seller are trying to march further. However, with today's doji candle and Bollinger band width continue to tighten up, market might stay side way or rebound from the current level unless Bollinger band width paused and turned wider.
When to buy : Buy on weakness with quick cut loss but larger profit target(preferably Nov09 contract).
When to sell : Sell on strength with quick cut loss and profit target.
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