***** Next Master the Markets Foundation Course 1.5 days - Sept 14-15, 2009. Call Dolly at 03 4252 4149 to enroll ! ***** The Importance of Being A "Honest" Trader :-) martin_tf_wong@hotmail.com: Aug 15, 2005

Monday, August 15, 2005

5:18 pm - FKLI closed at 924.0

Today low of 923.5.

Trail stop to 929.0

4:05 pm - Cash mkt did hit below 930. Look at what STAR paper is saying today

FKLI index is bullish this week. Interesting ?

FKLI hit low of 924. Can it go any lower ? I do not know.

Trail my stop lower to 930. At this point, my loss will be -1.5 pt.

Rgds,
-martin-

3:09 am : FKLI hit low of 924.5

Watch cash mkt if it break 930.0 today. If FKLI close below 928.0, the trend is down for the time being.

1:00 pm - Stop at 932.0

Trail stop to 932.0

11:28 am - Trade #17 is shorted at 928.5

My order is triggered and FKLI has gone lower to 926.5

10:48 am - FKLI did hit 937 and took out those short position


MACD looks to be crossing down and still below 50 MA. ATR stop is 930.5. Watch this level of 930.5.

If this level of 930 is breached for the third time, this is serious.

Second confirmation Bollinger Band is narrowing.

Trade # 17 is going to be short position at 929.5 or above.

FKLi is breaching 930 for the third time and a good sign to go short.