***** 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: Oct 7, 2008

Tuesday, October 07, 2008

5:15 pm - FKLI closed with uncertainty !


At this point, I do not really know where is FKLI is heading to ? It looks like sideway to downward.

4:30 pm - DJIA futures fell into negative terrority !


Cut our long position but staying out for the time being.

12:25 pm - DJIA looking for a reversal. Notice the tail and it has a good support here !


However, volume is not convincing.

12:08 noon - US FOMC may look to cut interest rate after Australia cut by 1 percent.


FKLI looking very bullish as DJIA futures up +121

9:55 am - Taken profits from last nite position. Gone long at 989


9:03 am - FKLI did not gap down much ! No selling yet !


After all, FKLI has sold down a lot. Think to take profit or go LONG now !