***** 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 17, 2005

Thursday, November 17, 2005

4:27 pm - FKLI remained downside if closed ...

Downtrend is persisted if closed below 885.5

4:04 pm - Tighten stop to 887.5

Trade #17 - Tighten stops to 887.5/888

3:40 pm- Watch out for FKLi to break 882.5

If that the case, we should be shorting. The mkt has not bottomed yet. Look at the remark by OSK.

OSK Research: KLCI to hit 1,005 points within a year
OSK Research Sdn Bhd expects the Kuala Lumpur Composite Index (KLCI) to touch a high of 1,005 points within the next 12 months, underpinned by merger and acquisition (M&A) activities in the banking sector, said head of research Kenny Yee

They are even launching Basket of Call warrant that mimic ETF to support the mkt after the foreigner has left.

11:11 am - Trade #17 is short at 884.5

Going short at this stage. Stop loss at 888/889

10:48 am - FKLI hit low 892.5 and selldown

I am amazed by FKLI and how it falls like. There was a vaccum between price 885.5 to 882.5. Put in your short position now at 884.5/885

9:52 am - It take huge volume to push FKLI uptrend again

FKLI is likely to resume downtrend or sideway from now. With the low cash vol. it is likely down or sideway.

However, from a daily trend, it is uptrend. I keep my opinion off my trading and see the setup and signal as they comes.

9:46 am - FKLI hit resistance at 892 and selldown

Tighten stop to 886.5 and got stopped out this morning. Loss of -1.5 pts.

Waiting for short entry set up and short signal.