***** 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 8, 2008

Wednesday, October 08, 2008

5:18 pm - FKLI closed with a doji tail - a early sign of reversal !


Stay out from SHORT position !

3:09 pm - Short covering in FKLI after hitting low at 948


1:01 pm - FKLI break down to 962.


Taken profit at 962/963

11:10 am - Unexpected huge downbar for DJIA considering US FOMC is co-ordinating worldwide interest rate cut.


More downside expected with no support to DJIA is short term.

11:03 am - There is a support at 973/970


Gone short and FKLI is testing 973/974 for the 3rd time. If it is going to break, it may break today !