***** 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: Jan 2, 2008

Wednesday, January 02, 2008

5:45 pm - Fund mgr "did not come to work today"


Volume is low today at 592 mil. If FKLI closes below 1432, this wud be bearish and need break up to 1450 to trend upwards.


5:38 pm - KLCI has a evening doji star - a bearish reversal pattern.


The market is turning bearish with double top forming.

3:25 pm - Instead of fund mgr/big players are buying, they are unloading and selling into the market.


Regional markets are lower too. The bullish move is over now and we will be moving sideway or down until FKLI touch back to 1453.5


10:24 am - FKLI starting to move up due to Hang Seng turning positive.


9:30 am - FKLI has closed this morning gap indicates short term bullish



Look at the tail of 31 Dec 07 for FKLI Jan. The low was 1414.0