***** 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 8, 2008

Tuesday, January 08, 2008

5:19 pm - FKLI hits all time record @ 1499 but closed 1490.5

It's going for 1500 and above.


4:10 pm - FKLI go for 1500. Current at 1487.5

Being stop out and wash out yesterday, only trade Tradegudier buy signals on intraday.

No signal on Positioning System.

2:50 pm - TG has a weakness on Positioning System


The market is holding up nicely and breaking high to 1483.5. Long on intraday trade. Long at 1482.0


2:11 pm - DJIA is either forming a triple bottom or else...


DJIA is at critical level. It has a support around 12,800. If tonite, it closes below 12,800, we have downtrend continuation.


However, if we see a reversal tonite, the DJIA may rally.

11:20 am - Cash market is mushrooming down.


Wait until afternoon to see if there is any push up.


10:24 am - FKLI reacting to Hang Seng and facing resistance @ 1480

If it breaks 1480 again, this is a buying opportunity.



Interestingly, the MACD did not cross down at all during yesterday selldown. The MACD is still up !

9:47 am - The double top formed last night fails. Broken the resistance @ 1470



The FKLI wants to go higher. Our Tradeguider signals yesterday indicates weakness. Abandon trade to short last min. Else we wud be stop out today.


Waiting for signals to go long. If FKLI break 1488 i.e. weekly pivot, go long. Read my newsletter recommendation.