***** 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: Jul 4, 2008

Friday, July 04, 2008

12:52 noon - The FKLI cannot go down due to the new news from our political situation


I was expect the selldown until there was a change in SD. Check your malaysiakini.com
That is really stupid as the market is increasingly becoming uncertain and the traders wud stay away from this kind of market.


11:38 am - Here is a weekly chart for FKLI


We may test 2007 low at 1045.5 ! That when I put my profit target at 1046 for my short trade.


9:52 am - Light crude oil has a 18 L/C and up, up she goes !


It looks like it is going to hit USD 150 soon !

9:32 am - FKLI looks like it wants to go up !


But it cannot ! Maybe we see a sideway movement today for FKLI !


9:02 am - DJIA is very resilient at this point.


DJIA traded half day yesterday, so the volume is low. Tonite US is a public holiday - Independence Day.


8:56 am - FKLI did not sell down this morning despite the political uncertainty


It is forming a bullish saucer in the short term now ! Let's wait.