***** 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 16, 2008

Wednesday, April 16, 2008

5:23 pm - FKLI closed above 1260 @ 1260.5


Let's see how DJIA wud react tonite. At 5:23 pm, DJIA futures is +53 pointing to a higher opening (I believe the closing of DJIA is more important)


3:58 pm - FKLI selldown for the 2nd time after it first turn uptrend.


This is what I am looking after the seller pushes and wash out the long position. If the FKLI can close @ 1258/1260, the uptrend is still intact.


12:17 noon - FKLI looks toppish at this moment !


Can take some profit now !


11:02 am - FKLI has broken higher to 1263.5


Trail our stop higher to 1248.5


9;26 am - FKLI gap up due to better closing by DJIA.


If FKLI cannot hold above 1254, this is a good day for LONG position. LONG position is on. Stop @ 1243.5.


9:18 am - DJIA has a doji with average volume last nite.


DJIA 1st up day over 4 down day. The volume is insignificant meaning, the probability for DJIA to go up tomorrow is 50:50.