***** 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 18, 2008

Friday, January 18, 2008

12:44 pm - FKLI can go down lower to 1413 at 72% retracement

The trend lines have been broken down. I expected the next two daily bars to either go sideways or up to maintain the uptrend. Else, it does not look good. EPF has to come to support the market.


US is coming up with an economic stimulus package so the market may hold. Once the news is out and over, I think ppl will sell to the weakness.


11:53 am - Got out of our long position.



Got out too early or exit for our long position ! The FKLI may move sideways pending on news on US economic stimulus package.




You win some and lose some ! That's trading.

9:20 am - FKLI gap down due to DJIA -300 pts.

Looking for a good position to close our long position last nite.