FKLI:- The Bull Getting Stronger ? 9/6/2010

There is nothing much to warn us of any impending end of the rally yet. The MACD is still pointing up nicely while the ADX continues to rise, both mean the trend is still intact. Place stop at 1417 to protect profit.

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I would only look out for trouble if the ADX starts to go flat or turn down a cross down at the MACD.

Even the weekly chart begins to look impressive as the previously 'dead" ADX has begun to rise which is confirming a healthy trend. Prices remain above the upper Bollinger Band and the MACD continues to rise, all are confirming the bull is well. Please take note the MACD has also broken above its trend line which is signifying a new trend. If the MACD is able to erase its prior bearish divergence, we may see FKLI rises to some  unthinkable new high levels .

Again the market is teaching us another real lesson here. So as the recent political development may be getting murkier and depressive and investors may be thinking bearish of the market, but it just keep on roaring. So for time being, I would just hang on the current trend and stay long.