***** 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: Dec 19, 2007

Wednesday, December 19, 2007

5:12 pm : FKLI closed +3.5 pts due to last seconds buying


It was a see-saw market for FKLI, morning up and afternoon selldown to 1387 prior to pre-matching.


DJIA futures is -10 pts.


With the public holiday Hari Haji, let's see how DJIA is going to work out.

9:27 am - We were long yesterday as KLCI had 5 consecutive down bar


There were a lot of short covering yesterday i.e. for those who shorted the FKLI in the past few days are covering their short position by going long or buying.


There will be more short covering today and these "shorties" are going long - fueling to the reversal of FKLI.