This blog website represents my daily trading positions and thoughts on how I trade the futures and commodity and allows others to view and understand the Importance of Being a "Honest" Trader.
Be true to your work, your
word, and your friend.
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Thursday, May 29, 2008
2:30 pm - FKLI, KLCI & DJIA are at 50% retracement.
FKLI is at 50% retracement at 1253 and well supported at this level.
DJIA is at 50% retracement at 12,429 and too well supported at this level.
KLCI is also exhibit the same 50% retracement.
If DJIA were to break below 50% i.e. goes lower at 12430, KLCI will soon to follow.
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