***** 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: Apr 4, 2008

Friday, April 04, 2008

5:39 pm - I will be out of CIMB office on April 7,8 2008

Pls take note that Li Ling will be in trading desk/office to manage your trading position.

- Martin-

5:21 pm - Everyone in town has shorted the FKLI !



And they want to close off their position due to overnight - not exposing to DJIA tonite.




So the FKLI closing was high - 1220.0




3:38 pm - FKLI too is mushrooming down on the hrly basis.


Next week wud be interesting !

12:31 noon - Can DJIA break 12,800 tonite ?

If you look at the 240 mins chart of DJIA, it has to register huge volume for the breakout above 12,800 tonite. For the last 2 attempts for breakout, the volume is significantly low. On the other hand, the big players is more willing to support the market when it drops, judging from the DJIA when it tries to test lower @ 11,800.


11:06 am - FKLI is mushrooming down gentlely.


This is a good sign for SHORT position. Our KLCI market is weak.


9:21 am : FKLI zoom up to 1227 and form an upthrust.



Hang Seng Hong Kong market is closed for Cheng Beng Holiday. So no influence from Hang Seng.

Our FKLI is likely to move by itself or sideway movement.


TG in short term indicating no demand. Maintain short position. Stop loss at 1230.0