Tuesday, January 22, 2008

5:19 pm - FKLI forms a bottoming tail !

However, the downtrend is not over yet !


3:11 pm - FKLI gaps down but buy up after lunch !

This maybe an opportunity to go short. But tomorrow is a public holiday. Dare to hold overnite and over holiday.

12:38 noon - FKL is free falling

Chart read'g does not work today ! Just short !

11:14 am - FKLI is moving sideways - congesting here.


Wait for the lunch ! After lunch, FKLI may gap up or down. No way of telling it.


9:36 am - All supports are broken very easily !

Chart reading becoming very difficult as many of the up and down in FKLI depends on regional - Hang Seng, Nikkei and DJIA.


Some of the clients who heed the SHORt position from my newsletter took a handsome profit today.