***** 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 8, 2008

Tuesday, July 08, 2008

5:58 pm - Trading Pivot for 9 Jul 2008

For FKLI


For FCPO

5:15 pm - FKLI closed lower - anticipating DJIA to fall tonite !

let's see if this is true for DJIA.
Currently, DJIA futures down -92 pts.


3:34 pm - FKLI is selling down !



DJIA futures is -93 down. FKLI has broken thru. Institutions sell futures first and then sell cash tomorrow.


Cross down signal for SHORT is on ! Short !

12:25 pm - FKLI break down 1100 for the 1st time.


Last low was 1104. FKLI is selling down in parallel with regional markets. FKLI is trading at discount -30 pts.


9:27 am - DJIA is also set to rangebound at support level @ 11,170


This is a major support for DJIA.


9:11 am - FKLI is rangebound due to DJIA indecision & moving sideway !


Try to long at the support @ 1104 and sell at the resistance 1120.