***** 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 24, 2008

Thursday, April 24, 2008

5:00 pm - FKLI is a profit taking day !


However, we see if the down trend begin tomorrow before we can take short position.

3:55 pm - FKLI is not looking good at this junction !


Closed all LONG position already ! Think to go SHORT ! Think to go SHORT !
If the FKLI closed with upthrust, FKLI looks bearish !

2:33 pm - FKLI selldown to lunch. Recovery possible after lunch ?



We are still in the LONG trade despite selldown.



Instititution rollover to causing the market to be choppy.






10:04 - To sustain the FKLI uptrend, FKLI has to close above 1307 tonite.


If FKLI closed above 1307, we have a good uptrend intact. Our long position is still in place. Stop loss @ 1296.5.


10:01 am - DJIA is well supported at 12700.



Like my previous weblog, DJIA support at 12,700

9:25 am - FKLI is heading higher. There will be huge volume due to rollover activities by instiution players.


The FKLI is expected to be very choppy due to rollover activities.