Friday, February 03, 2006
3:57 pm - KLCI cash market buckles against regional markets
Cash market is going against regional markets. This is due to KLCI is out of sync with the world since CNY. However, klci trend wud follow regional
FKLI has been up for 5 days. So, start to think of going short. However, wait for sell setup and short signal.
FKLI last reach high of 931.5 in Sept 2005. If it touches it, it wud the 2nd time it fail to break the 931/931.5 resistance.
Trail stop to 925.0.
10:53 am - CNY rally is still on
I am surprised to see CNY rally is continuing. If it breaks 930, we have a change in the trend.
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