20091001 1735 FKLI EOD Daily Chart Study

FKLI ended 7 points higher on the first day of the October month with a Doji candle. It closed near Mid Bollinger Band = yesterday break down still intact. Bollinger Band width continue to narrow suggest market will be trading sideway range bound. MACD histrogram down by a fraction = sellers are not agrresively selling. Perhaps there are still profit taking or close long position.