***** 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 8, 2008

Thursday, May 08, 2008

5:16 pm - FKLI looks like it is reversing with a doji tail with good volume.


Think of going LONG. The FKLI only touches 1263 and immediately rebound to close high @ 1275.


4:16 pm - There is no trend in the market !


FKLI hits low @ 1263 but to short, you have to make sure FKLI closed below 1268.0.

9:15 am - DJIA is reversing due to slightly heavy volume.


DJIA is resting on 12,800 resistance. If it breaks, we wud see a short term weakness in DJIA.

9:03 am - Despite DJIA -200 pts freefall drop, our FKLI is resilient.


Our plantation counters will be higher due to record high crude oil prices -> USD 123. We are in difficult area now, while the rest of the world and DJIA is in negative terrority meaning our FKLI wud likely to move sideway. When it goes higher, traders will sell FKLI and vice versa.