Tuesday, April 28, 2009

Party Over?

FKLI April 2009 Future Contract closed at 966 with the low of 962 which is near the moving average low of 958. There is high chance that the market will slow down the plunge for the time being. Sideway could be ahead of us. Swine Flu kids in, this is a chance for market to rest at least for now. I am looking into the price action very closely. If it could further go down and below the moving average low, I will get ready for shorting the market all the way down. Let's see the development in the few days.
I will not assume what the direction of the market will be, I will only let the price movement (action) to lead me.

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