***** 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: May 2, 2008

Friday, May 02, 2008

5:21 pm - FKLI closed lower -2.5 pts @ 1280.5




At this junction, it is difficult to tell if FKLI is going up or down. I believe FKLI need to move sideway before going higher.


1:50 pm - FKLI is waiting to go up !


There is a good support @ 1274.0. Here is a look at 4 hrs chart.



9:56 am - US FOMC did cut rate by 25 bps to 2%.

From the CIMB research

9:46 AM - DJIA is poised for higher closing and uptrend.


DJIA has build a support base @ 12700-12800. This is a medium term support for DJIA.

9:31 am - FKLI gap up due to +189 pts up by DJIA.


FKLI is set to go higher in align with the regional. Think of going LONG !