***** 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 16, 2008

Wednesday, January 16, 2008

5:06 pm - FKLI is surely bearish. One for the record down -65 pts.


4:45 am - I admit one cannot judge the low of the market

But one has to be content with the profits that one has . Wow ! FKLI gone so low.


4:19 pm - FKLI is so tempting to short because of the breakdown but it is too low at this point.

Maybe let's wait for tomorrow. Interesting, FKLI has turn discount to KLCI for the 1st time. FKLI market is truly in a bearish phase.




2:44 pm - Panic selldown ! This is a time for going LONG.

KLCI has a support 1449/1450.0


1:42 pm - FKLI has broken to low to 1470.0

My newsletter recommendation to GO Short at 1475.0. How many of you follow this recommendation to short at 1475.0 ? I wonder.


1:22 pm - FCPO looks like it had a reversal - It is downtrend from now.

Here is the FCPO daily charts.


11:23 am - FKLI drop further. Looking for a suitable location to short more !


10:29 am - Decreasing volume as the FKLI goes higher


Looking at this 15 mins chart, the current bar is looking toppish. An opportunity to short in the short term - intraday trading.


9:51 am - FKLI trading at 12 pts premium. KLCI is taking a big hit today !

Our FKLI is in the money.

9:21 am - Wow ! I thought FKLi will gap down to 1494 but instead 1488

It is down to low 1482.5. Either hold or take profits on FKLI.