***** 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 16, 2008

Friday, May 16, 2008

5:02 pm - As usual, intraday traders take profit ahead of the long weekend


Our market is close for Monday for Wesak Day, 19 May, 2008. So everyone want to square off their position. KLCI closed above 1300.67 +6.52 pm .
Maintain LONG position.

2:38 pm - FKLI trying to break higher !




However, the volume is not there today !

9:42 am - FKLI is poised for a breakout today !


However, the volume is not convincing yet !

9:19 am - DJIA is moving upward and well supported !


After 3-4 days of upbar, I wud see a doji tonite or a down-bar as it will be testing 13,060 again.

9:06 am - FKLI is "Pushing thru the Supply"


If FKLI cannot fall below today low 1299.5, it will try to hit 1316.5 today !