***** 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: Nov 8, 2005

Tuesday, November 08, 2005

4:45 pm - FKLI hit low at 901.5 and oversold

Watch out for 897 and be ready to go long. The weekly range of 21 pts is at 889 (918-21 = 897).

Mkt moving to 6/7 pts discount.

3:14 pm - I missed the short entry

There were no setup for me to enter short today. Stay discipline and you wud be rewarded with a chance. I may look out for long.

2:47 pm - FKLI selldown

FKLI today selldown and trading below 50MA. It is turning to a short market. Looking opportunity to short now since it is below 50MA. Looking for short setup and sell signal.

This does not mean I cannot go long at the same time too.

9:38 am - FKLI stays sideway

THe FKLI looks like it has stable itself. I guess it has to selldown further before the push for higher to come. Look out for FKLi to break 907/906 before going long again.

Daily pivot FKLI
R1 = 916.67
P = 911.5
S1 = 906.5