***** 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 21, 2008

Wednesday, May 21, 2008

4:59 pm - FKLI is well support at 1282/1284.0


If DJIA closed with a Doji tonite, we wud see support for FKLI at 1284.0. At this point, the FKLI market is uncertain.

10:33 am - FKLI is strong to reverse from 1284.0 support



Look like our FKLI is very choppy today ! Support at 1284/1282 cannot be broken. FKLI market will hover around 1282-1288 and move sideway.

9:50 am - FKLI has tested low of yesterday and resistance of 1284.0


As FKLI is heading lower low. Think of short ! For intraday, go SHORT at 1284.0 and put your stop at today high 1289.5.0

9:21 am - Like I said yesterday ! DJIA tend to fall when formed double top !


We saw heavy volume coming last nite. DJIA may fall for one more day. Let's see how DJIA fare tonite.

9:10 am - FKLI is strong in the face of DJIA -2.0% loss



Our FKLI gap down less than 7 pts. This means the FKLI market wud need convincing volume to break 1284 support today else FKLI wud test 1295 resistance level.
FKLI is trading at 6 pts premium.