5:16 pm - Trading Pivot for 10 Jul 2008

For FKLI

For FCPO

4:50 pm : Looking at the FKLI daily chart

This is a key reversal point but to confirm we need to wait for FKLI to close 1121 and above tomorrow.

4:06 pm - A seesaw day as seen from an intraday !

Morning:- up, before lunch:- down, after lunch:- up & just before closing :- down ???

It is tough to trade this market now !

2:53 pm - Crude oil and gold are well supported at this level !

Crude oil is well supported at USD 130-135 and gold ranges between the band 870 & 940.

Looking at USD-Aud, Australia dollars is strengthening against US Dollar

12:25 pm - Man Hedge Fund Briefing in Hilton tonite !

Dear Colleagues/ Traders Club members,

Due to an overwealming response beyond our expectations we are over booked at the Hilton for tomorrows Man Investment presentation. A list of over 50 potential attendees was misplaced and the organizer did not know of these so we overbooked by 50. The hall only holds 200 so the 50 who booked may not have a place in the hall.

I apoligize for any inconvenience and to solve the overbooking proble we will repeat the same presentation at the Phillip office on Saturday 19 July at 10 AM. This will be a much smaller group and at least you will be able to see the slides and hear the speakers . (This 19 July presentation is private and only for our Traders Club members and friends)

Agenda will include the outlook for the Aussie dollar and why Man is the right inflation conquering investment vehicle in the current market turbulance. Andy Lim head of Phillip Wealth Management will be there to support the event.

Let me know if this date is more convenient for you. Appreciate if you could reply as soon as possible.

As the Man Eclipse fund closes on the last week of July, you still have a chance to get a seat on the train before it leaves the station.

Have a good day
Bill

012 685 1207

10:50 am - FKLI breakout to 1110.

It looks like yesterday wash down was a spring pattern - decided to trick ppl to go short !

There were no follow thru for the downside. Keep the trade for the intraday !

9:29 am - After short covering, FKLI fell flat back !

9:06 am - Wow ! What a volatile closing yesterday and opening today !

FKLI gap up due to 162 pts up by DJIA. Let's see how FKLI will fare today !