It is testing the FKLI 200MA at 1362.0. Let's see where wud FKLI close tonite !
Monday, February 25, 2008
12:38 pm - FCPO up +207 pts. today !
Wow ! Some clients who took the FCPO trade this trade, pocket handsome profits.
10:28 am - Here is the prognosis for FKLI
Here is a chart of KLCI, the immediate resistance at 1374 and support at 1359.
The FKLI is most likely to range around this range between 1359-1374. As the futures market will close this Feb 29, 2008, it will converge to the cash market, KLCI. So it wud be better to use KLCI chart to trade FKLI.
9:30 am - FKLI holding its position. Maybe it is ready for a rally to election
Now that the selldown is done and DJIA maybe moving sideway, KLCI may ready for a mini rally - a election rally ?
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