5:27 pm - Professional not interested to push up yet !

It has to test 1288 resistance and close above 1288.0 to get really bullish !

2:54 pm - DJIA on a weekly chart - Look like it is going to break 13,100 this week !

Let's see if it is going to break @13,100 and stay above.

1:30 pm - Bill and myself are conducting 3.5 days seminar course this weekend - May 10,11 & 12

We only conduct this 3.5 days seminar workshop only twice or 3 times a year in Sheraton Hotel Subang Jaya, Petaling Jaya, Selangor.

This is a chance to learn from Bill and myself on how you can trade and invest like a professional in KLSE stock, BM futures & commodities and US Markets.

There are many benefits to be part of our graduate - "Master the Markets" Main Course program.

If you are interested, contact Dolly at 03 4252 4149

Rgds,
-martin-

12:55 pm - FKLI gap up reacting to better closing DJIA

As usual, the FKLI market is weak this moment and traders take opportunities to short the market.

IF FKLI market can hold above 1272/1274, it will try to build a base to resume its uptrend.

5:16 pm - FKLI does not want to go down !

The professionals are not interested to selldown the FKLI. Let's wait if they are willing to push to prices up.

4:21 pm - FKLI looks like it is not going down anymore.

A lot of short stops being triggered. FKLI is poised for higher movement.

Our short position is triggered at 1279/1282. We are thinking of going long.

9:50 am - DJIA hit resistance @ 13060-13100

The DJIA need to recover i.e. most likely to come down tonite before resuming its uptrend.

9:27 am - It looks like FKLI is resilient in the face of weaking regional markets.

This wud tell you that FKLI is likely to move sideway while regional markets is weaker.

5:22 pm - FKLI has little volume to trade on !

Only 3,770 contracts done. All waiting for MayBank to be resume trading tomorrow.

(Cannot upload chart)

4:33 pm - FKLI is trending down on low volume

The professionals are not interested to push it higher and it is driftly sideway and falling on its own weigh.

11:50 am - FKLI is trending down. We are SHORT !

Our stop at 1282.0 as our system crossed down for a SHORT trade.

10:17 am - For a downtrend to happen, I wud like to see a follow thru in the down bar.

KLCI has been down 3 days, can it go down today ? I believe the longer FKLI stay sideway, the more likely buyers wud come in and buy more FKLI.

9:40 am - DJIA is ready to go higher ! Immediate resistance @ 13,230

However, the Yahoo-MicroSoft deal did not thru, we wud see profit taking tonite for DJIA.

Microsoft Drops Yahoo Bid; Some See Ploy
By Scott Morrison of
DOW JONES NEWSWIRES
SAN FRANSICO -(Dow Jones)- Yahoo Inc. (YHOO) claimed victory late Saturday after Microsoft Corp. (MSFT) said it was walking away from its unsolicited takeover attempt for the struggling Internet giant, but some observers said the battle for control of Yahoo may not necessarily be over.
Microsoft said earlier Saturday that it was walking away from its $31 per share offer, which initially valued Yahoo at $44.6 billion, because it was unable to reach an agreement with Yahoo over price. Microsoft noted that it had been willing to raise its bid by about $5 billion.
"We don't think its over. It's clear that Microsoft needs Yahoo and there is going to be outrageous pressure on Yahoo management from shareholders," said Gene Munster, analyst at Piper Jaffray.
That's because Yahoo shares were seen to open Monday at about $21, down from Friday's close of $28.67, analysts and arbitrageurs said. Investors unhappy about Yahoo's prospects had driven the company's shares down to $19.18 the day before Microsoft announced its $31 per share offer.
Analysts and arbitrageurs said Yahoo shares wouldn't likely fall to the $19 range because some shareholders would be betting that Microsoft was merely trying to ratchet up the pressure on Yahoo. Several shareholders have already sued Yahoo for rejecting Microsoft's bid.
Microsoft's decision to walk away recalls a similar move by software maker Oracle Corp. (ORCL) last year in its attempt to win control of BEA Systems Inc. After BEA turned down Oracle's offer, Oracle withdrew its bid and went to great lengths to highlight the effort it made to reach a deal with BEA. Pressure from shareholders ultimately forced BEA management to agree to a deal with Oracle.
But Yahoo Chairman Roy Bostock appeared to downplay the potential for a shareholder revolt, saying in a statement late Saturday that he was "pleased that so many of our shareholders joined us in expressing" management's view that Microsoft's offer undervalued the company.
Yahoo co-founder and Chief Executive Jerry Yang was quick to declare the dance with Microsoft was over. "With the distraction of Microsoft's unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users," he said in a statement.
In a letter to Yang made public by Microsoft, Chief Executive Steve Ballmer said he was willing to raise his offer to $33 per share, which would have reflected a 70% premium to the price at which Yahoo's stock closed the day before Microsoft's Feb.1 offer. Ballmer indicated that Yang wouldn't agree to a deal for anything less than $37 per share.
"After careful consideration, we believe the economics demanded by Yahoo do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal," said Ballmer.
Ballmer also said he decided against a hostile takeover attempt because it would have involved a protracted proxy contest, and he concluded that Yang would take steps that would make Yahoo undesirable as an acquisition for Microsoft.
In particular, Ballmer noted that Yahoo's proposal to outsource its search advertising to rival Google Inc. (GOOG) would make Yahoo undesirable to Microsoft because it would create a host of regulatory issues and fundamentally undermine Yahoo's own strategy and long-term viability.
Microsoft said repeatedly that buying Yahoo would be its best opportunity to narrow the gap with Google, which dominates Internet search and the online text advertising market.
In the absence of a Yahoo acquisition, Ballmer said Microsoft has a compelling plan to bolster its business through innovative services and strategic transactions with other business partners. "While Yahoo would have accelerated our strategy, I am confident that we can continue to move forward toward our goals," he said.
For Yahoo's part, Bostock argued that the company is "profitable, growing, and executing well on its strategic plan to capture the large opportunities in the relatively young online advertising market. Our solid results for the first quarter of 2008 and increased full year 2008 operating cash flow outlook reflect the progress the company is making."
-By Scott Morrison; Dow Jones Newswires; 415-765-6118; scott.morrison@dowjones.com

9:23 am - FKLI is testing 1273/1274 for the 2nd time.

If it does not break 1273/1274 support for the 2nd time, but the 3rd time is likely.

We may see FKLI break down further today or in the afternoon. If not, FKLI wud revert back to 1281.

5:21 pm - FKLI closed lower -2.5 pts @ 1280.5

At this junction, it is difficult to tell if FKLI is going up or down. I believe FKLI need to move sideway before going higher.

1:50 pm - FKLI is waiting to go up !

There is a good support @ 1274.0. Here is a look at 4 hrs chart.

9:56 am - US FOMC did cut rate by 25 bps to 2%.

From the CIMB research

9:46 AM - DJIA is poised for higher closing and uptrend.

DJIA has build a support base @ 12700-12800. This is a medium term support for DJIA.

9:31 am - FKLI gap up due to +189 pts up by DJIA.

FKLI is set to go higher in align with the regional. Think of going LONG !

6:03 pm : Bursa Malaysia is closed tomorrow for Labour Day - 1 May 2008

Market opens on May 2, 2008 Friday.

5:45 pm - Rate Cut - Possible 25 basis point to 2 percent ???

Bernanke May Have to Do More to Ease Jump in Bank Funding Costs
By Scott Lanman

April 30 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may need to step up his effort to unfreeze bank funding markets as a surge in borrowing costs blunts the impact of the cash auctions the central bank introduced in December.
The cost of obtaining funds for three months has risen by 0.33 percentage point since the Federal Open Market Committee's last meeting on March 18. The jump may force homeowners with variable-rate mortgages and some companies to pay more on their loans at a time when economic growth is faltering.
Policy makers may discuss the results of the $100 billion-a- month Term Auction Facility when they gather for the second day of their two-day meeting in Washington to set interest rates. The central bank will probably increase the size and duration of its biweekly auctions, according to economists at Barclays Capital Inc. and other firms.
``There's clearly a need for the Fed to do more,'' said Charles Lieberman, a former New York Fed economist who's now chief investment officer of Advisors Capital Management LLC in Paramus, New Jersey. ``The underlying problem'' is that banks and other investors are ``still nervous'' about lending to each other, he said.
The FOMC may also lower its benchmark rate by a quarter point, to 2 percent, as officials attempt to spur economic growth. Traders anticipate the central bank will then take a breather from its series of rate cuts, futures prices show. Today's statement is scheduled for around 2:15 p.m.
Liquidity Efforts
Investors' focus may instead shift to the Fed's attempt to stem the surge in bank funding costs that began in August, when the subprime-mortgage market's collapse spurred concern about losses at financial firms.
The three-month London Interbank Offered Rate for dollars has climbed to 2.87 percent from 2.54 percent on March 18.
Increases in Libor and other rates are ``a pretty clear indication that liquidity remains an issue or that term liquidity remains scarce,'' said Dean Maki, chief U.S. economist at Barclays in New York and a former Fed researcher. ``The Fed's made pretty clear they're going to continue to attack those problems as needed.''
The TAF is one of several Fed initiatives to unblock credit markets, along with direct loans to investment banks and $29 billion of financing to secure JPMorgan Chase & Co.'s takeover of Bear Stearns Cos. Investors have responded, buying a record $45.3 billion of corporate bonds last week and spurring an 11 percent rally in the Standard & Poor's 500 stock index from the year's low last month.
Aimed at Banks
The Fed auctions 28-day loans through the TAF, helping banks borrow funds that they might not obtain from counterparts. The Fed created the tool because of rising rates on one- to three- month loans among banks, Fed Governor Frederic Mishkin said in a February speech. The auctions may have had ``significant beneficial effects on financial markets,'' he said at the time.
Another gauge of bank funding costs, the premium on Libor over the overnight indexed swap rate, a measure of what traders expect for the Fed's benchmark rate, reached 87 basis points on April 21. That was the highest since the Fed announced the TAF on Dec. 12.
Bigger TAF operations would probably slow or reverse the increase in borrowing costs, said Lou Crandall, chief economist at Wrightson ICAP LLC in Jersey City, New Jersey. Originally $40 billion a month, the Fed raised the amount of the auctions to $60 billion in January and to $100 billion in March.
`Substantial' Increase
``Any substantial further increase would start moving the program to a level where'' it is more than ``just psychologically relevant,'' Crandall said.
Fed spokesman David Skidmore declined to comment on the central bank's plans.
In concert with its liquidity efforts, the Fed has lowered its target rate for overnight loans between banks by 3 percentage points since September. Officials this month signaled they may be nearing a pause in reductions, anticipating some recovery in growth later in the year and sensing a renewed danger of inflation.
Fed Governor Kevin Warsh, San Francisco Fed President Janet Yellen and three other district-bank presidents voiced concerns about rising prices this month.
``Federal Reserve officials view themselves as about done with policy easing,'' said Vincent Reinhart, who was the Fed's chief monetary-policy strategist from 2001 until September 2007. ``They probably want to signal that the easing cycle is over, at least for a while.''
Weakest Since 2001
The Commerce Department is forecast to report today that economic growth slowed to a 0.5 percent pace in the first quarter after a 0.6 percent expansion the previous three months, according to the median forecast in a Bloomberg News survey. That would be the weakest six-month performance since the U.S. was last in recession in 2001.
At the same time, inflation is picking up. The personal consumption expenditures price index climbed 3.4 percent in February from a year before, the fourth straight month in excess of 3 percent.
While the Fed's benchmark rate is lower, the increase in Libor is ``constraining'' banks' ability to lend, said Diane Swonk, chief economist at Chicago-based Mesirow Financial Inc.
To contact the reporter on this story: Scott Lanman in Washington at slanman@bloomberg.net

5:19 pm - FKLI closed at 1283.0 for April contract.

It is hard to tell but the sign look bearish from this point onwards or sideway market. The US FOMC will announce if the interest rate cut is happening or not.

2:32 pm - FKLI is very stubborn, it just wud not go down !

The sellers are exhausted now ! Let's see if the buyers can take over in the afternoon.

11:41 am - KLCI is breaking below 1277.

If it cannot stay above 1277.0, KLCI is following a downtrend path.

10:58 am - FKLI is moving sideway and forming a saucer shape.

This is a sign of bullish in the short term !

10:16 am - DJIA set to look toppish today !

If DJIA cannot break higher tonite, we wud see some selling at DJIA tonite. Also 1 May is a public holiday for M'sia. However, DJIA is a holiday.

9:55 am - FKLI set to break down lower today.

Look at the FKLI-May contract, looking to break 1274.0. Maybe for the 3rd attempt, it will break.

9:31 am - FKLI looks to turn south - bearish pattern.

Think of short !

5:28 pm - FKLI cannot hold on 1285 and broke down.

let's see if DJIA closing tonite wud spur higher prices i.e.. gap up. If gap up, short !

4:22 pm - FKLI is moving up at this 1284/86.0

4:19 pm - FKLI is holding nicely for the rollover.

I do not think it can hold on for tomorrow !

9:39 am - FKLI gap down. The market looks toppish at this moment.

The institution is rolling over its contract to May from April and this may cause many spikes and upthrust in intraday charts.

1:47 pm - Dow ends up 43 pts as many investors overcome economic worries

NEW YORK (AP) - businessminute Wall Street ended its second straight winning week with a moderate advanceFriday, overcoming concerns about consumer confidence and inflation. After slumping early in the session in response to weak consumer confidenceand a spike in oil prices, investors seemed to turn their attention to broadersigns, including the week's generally satisfactory earnings reports, thatsuggested that government efforts to steady the economy appear to be working.That shift in focus sent stocks up late in the day. Although the Reuters/University of Michigan consumer sentiment index came inwith its lowest reading since the early 1980s, Tom Lydon, president of GlobalTrends Investments in Newport Beach, Calif., said companies' first-quarterreports convinced investors that "overall, things aren't all that bad." "I think a lot of people went into the weekend feeling they didn't want tobe on the short side," Lydon said. The consumer sentiment index fell to 62.6 for April from 69.5 a monthearlier, reflecting Americans' concern about rising energy and food prices. While consumer spending represents about 70 percent of the economy, UBSequities strategist David Bianco said "it's the wrong thing to be looking at togauge the prospects" for the Standard & Poor's 500 companies. "Business activity is strong in the U.S. and especially globally," he said."That's far more important." The Dow Jones industrial average gained 42.91, or 0.33 percent, to12,891.86, after falling more than 100 points earlier in the session. The Dowclosed the week with a gain of less than 1 percent. Broader stock indicators were mixed on the day. The S&P 500 index gained9.02, or 0.65 percent, to 1,397.84, and rose 2.1 percent for the week. The Nasdaq composite index, depressed by disappointment with a MicrosoftCorp. forecast, fell 5.99, or 0.25 percent, to 2,422.93, after dropping as muchas 1.6 percent during the session. But advancers were well ahead of decliners inthe broader Nasdaq Stock Market, and for the week, the Nasdaq gained 1.4percent. Advancing issues outpaced decliners by 2 to 1 on the New York StockExchange. Consolidated volume came to 3.72 billion shares, down from 4.34billion shares on Thursday. Bond prices fell ahead of the Federal Reserve's meeting on interest ratesnext Wednesday. The yield on the benchmark 10-year Treasury note, which movesopposite its price, rose to 3.87 percent from 3.83 percent late Thursday. Oil prices, meanwhile, jumped on a series of troubling events overseas,including word that a ship under contract with the U.S. Navy fired flares andwarning shots at two small boats of unknown origin in the Persian Gulf. Oil wasup earlier following an attack on a pipeline in Nigeria and a looming refinerystrike in Scotland; light, sweet crude shot as high as $119.50 a barrel on theNew York Mercantile Exchange before falling back to settle at $118.52, up $2.46. Craig Hester, chief executive at Hester Capital Management in Austin, Texas,said stocks will likely fluctuate as investors digest corporate results fromthis week and while they await the Fed rate decision. "The big risks I see for stocks right now are earnings," he said, addingthat next week's economic data should also help give investors a better picture,with reports due on the nation's gross domestic product and employment. Investors could also get further insights into the health of the consumernext week with reports due from names like Tyson Foods Ind., Kellogg Co., KraftFoods Inc., Burger King Holdings Inc. and Procter & Gamble Co. But so far, "the earnings have come in on the financial side pretty muchwhere people expected and in terms of the industrial side a little bit betterthan expected," said Charlie Smith, chief investment officer at Fort PittCapital Group in Pittsburgh. "Consumers were a little bit weaker than expected.So you net all those together and the earnings season is turning out as peoplethought it would before it started." Microsoft fell $1.97, or 6.2 percent, to $29.83, after its first-quarterreport. The tech leader said after the closing bell Thursday that worldwidesales next year should offset weakness in the U.S. economy. Goodyear Tire & Rubber Co. rose $1.66, or 6.1 percent, to $28.91 afterposting a first-quarter profit amid increased revenue. The tiremaker, whichreported a loss for the same period a year earlier, said it focused onhigher-priced tires and international markets. American Express Co. rose $2.59, or 5.7 percent, to $47.77 after reportingits first-quarter earnings fell 6 percent as more U.S. cardholders failed tomake their payments. The credit card lender's total provisions for credit lossesjumped 48 percent from a year earlier to $1.27 billion. However, the companysaid cardholders are continuing to spend and that strength abroad has helpedmake up for troubles in the U.S. The Russell 2000 index of smaller companies rose 4.81, or 0.67 percent, to721.88. Overseas, Japan's Nikkei stock average closed up 2.28 percent. Britain'sFTSE 100 rose 0.67 percent, Germany's DAX index advanced 1.10 percent, andFrance's CAC-40 rose 0.99 percent. The Dow Jones industrial average ended the week up 42.50, or 0.33 percent,at 12,891.86. The Standard & Poor's 500 index finished up 7.51, or 0.54 percent,at 1,397.84. The Nasdaq composite index ended the week up 19.96, or 0.83percent, at 2,422.93. The Russell 2000 index finished the week up 0.81, or 0.11 percent, at721.88. The Dow Jones Wilshire 5000 Composite Index -- a free-float weighted indexthat measures 5,000 U.S. based companies -- ended Friday at 14,089.21, up 71.91points, or 0.51 percent, for the week. A year ago, the index was at 15,110.41. Copyright 2008 Associated Press. All rights reserved. This material may not be

1:47 pm - Dow ends up 43 pts as many investors overcome economic worries

NEW YORK (AP) - businessminute Wall Street ended its second straight winning week with a moderate advanceFriday, overcoming concerns about consumer confidence and inflation. After slumping early in the session in response to weak consumer confidenceand a spike in oil prices, investors seemed to turn their attention to broadersigns, including the week's generally satisfactory earnings reports, thatsuggested that government efforts to steady the economy appear to be working.That shift in focus sent stocks up late in the day. Although the Reuters/University of Michigan consumer sentiment index came inwith its lowest reading since the early 1980s, Tom Lydon, president of GlobalTrends Investments in Newport Beach, Calif., said companies' first-quarterreports convinced investors that "overall, things aren't all that bad." "I think a lot of people went into the weekend feeling they didn't want tobe on the short side," Lydon said. The consumer sentiment index fell to 62.6 for April from 69.5 a monthearlier, reflecting Americans' concern about rising energy and food prices. While consumer spending represents about 70 percent of the economy, UBSequities strategist David Bianco said "it's the wrong thing to be looking at togauge the prospects" for the Standard & Poor's 500 companies. "Business activity is strong in the U.S. and especially globally," he said."That's far more important." The Dow Jones industrial average gained 42.91, or 0.33 percent, to12,891.86, after falling more than 100 points earlier in the session. The Dowclosed the week with a gain of less than 1 percent. Broader stock indicators were mixed on the day. The S&P 500 index gained9.02, or 0.65 percent, to 1,397.84, and rose 2.1 percent for the week. The Nasdaq composite index, depressed by disappointment with a MicrosoftCorp. forecast, fell 5.99, or 0.25 percent, to 2,422.93, after dropping as muchas 1.6 percent during the session. But advancers were well ahead of decliners inthe broader Nasdaq Stock Market, and for the week, the Nasdaq gained 1.4percent. Advancing issues outpaced decliners by 2 to 1 on the New York StockExchange. Consolidated volume came to 3.72 billion shares, down from 4.34billion shares on Thursday. Bond prices fell ahead of the Federal Reserve's meeting on interest ratesnext Wednesday. The yield on the benchmark 10-year Treasury note, which movesopposite its price, rose to 3.87 percent from 3.83 percent late Thursday. Oil prices, meanwhile, jumped on a series of troubling events overseas,including word that a ship under contract with the U.S. Navy fired flares andwarning shots at two small boats of unknown origin in the Persian Gulf. Oil wasup earlier following an attack on a pipeline in Nigeria and a looming refinerystrike in Scotland; light, sweet crude shot as high as $119.50 a barrel on theNew York Mercantile Exchange before falling back to settle at $118.52, up $2.46. Craig Hester, chief executive at Hester Capital Management in Austin, Texas,said stocks will likely fluctuate as investors digest corporate results fromthis week and while they await the Fed rate decision. "The big risks I see for stocks right now are earnings," he said, addingthat next week's economic data should also help give investors a better picture,with reports due on the nation's gross domestic product and employment. Investors could also get further insights into the health of the consumernext week with reports due from names like Tyson Foods Ind., Kellogg Co., KraftFoods Inc., Burger King Holdings Inc. and Procter & Gamble Co. But so far, "the earnings have come in on the financial side pretty muchwhere people expected and in terms of the industrial side a little bit betterthan expected," said Charlie Smith, chief investment officer at Fort PittCapital Group in Pittsburgh. "Consumers were a little bit weaker than expected.So you net all those together and the earnings season is turning out as peoplethought it would before it started." Microsoft fell $1.97, or 6.2 percent, to $29.83, after its first-quarterreport. The tech leader said after the closing bell Thursday that worldwidesales next year should offset weakness in the U.S. economy. Goodyear Tire & Rubber Co. rose $1.66, or 6.1 percent, to $28.91 afterposting a first-quarter profit amid increased revenue. The tiremaker, whichreported a loss for the same period a year earlier, said it focused onhigher-priced tires and international markets. American Express Co. rose $2.59, or 5.7 percent, to $47.77 after reportingits first-quarter earnings fell 6 percent as more U.S. cardholders failed tomake their payments. The credit card lender's total provisions for credit lossesjumped 48 percent from a year earlier to $1.27 billion. However, the companysaid cardholders are continuing to spend and that strength abroad has helpedmake up for troubles in the U.S. The Russell 2000 index of smaller companies rose 4.81, or 0.67 percent, to721.88. Overseas, Japan's Nikkei stock average closed up 2.28 percent. Britain'sFTSE 100 rose 0.67 percent, Germany's DAX index advanced 1.10 percent, andFrance's CAC-40 rose 0.99 percent. The Dow Jones industrial average ended the week up 42.50, or 0.33 percent,at 12,891.86. The Standard & Poor's 500 index finished up 7.51, or 0.54 percent,at 1,397.84. The Nasdaq composite index ended the week up 19.96, or 0.83percent, at 2,422.93. The Russell 2000 index finished the week up 0.81, or 0.11 percent, at721.88. The Dow Jones Wilshire 5000 Composite Index -- a free-float weighted indexthat measures 5,000 U.S. based companies -- ended Friday at 14,089.21, up 71.91points, or 0.51 percent, for the week. A year ago, the index was at 15,110.41. Copyright 2008 Associated Press. All rights reserved. This material may not be

10:38 am : DJIA is looking good for an upside from here.

Volume was significantly last nite to warrant an up move.

10:18 am - FKLI gap up due to strong closing by DJIA

However, if FKLI cannot break 1310, FKLI is either moving sideway and downward.

With the institution rollover (short rollover), it becomes increasingly difficult to trade during the last few of days of the month.

5:00 pm - FKLI is a profit taking day !

However, we see if the down trend begin tomorrow before we can take short position.

3:55 pm - FKLI is not looking good at this junction !

Closed all LONG position already ! Think to go SHORT ! Think to go SHORT !

If the FKLI closed with upthrust, FKLI looks bearish !

2:33 pm - FKLI selldown to lunch. Recovery possible after lunch ?

We are still in the LONG trade despite selldown.

Instititution rollover to causing the market to be choppy.

10:04 - To sustain the FKLI uptrend, FKLI has to close above 1307 tonite.

If FKLI closed above 1307, we have a good uptrend intact. Our long position is still in place. Stop loss @ 1296.5.

10:01 am - DJIA is well supported at 12700.

Like my previous weblog, DJIA support at 12,700

9:25 am - FKLI is heading higher. There will be huge volume due to rollover activities by instiution players.

The FKLI is expected to be very choppy due to rollover activities.

5:19 pm - FKLI closed at 1299.5

Well, it did not closed above 1300. I suppose it is ok.

4:10 pm - FKLI closed 1300.0 ???

FKLI has a breakout pattern today ! My prediction high for the morning was 1297/1296.0. I am happy if FKLI can close above 1300.0

3:45 pm - FKLI has broken 1300 resistance.

This is the day I was waiting for. Profit taking will set in now.

1:05 pm - Here is a beautiful picture of KLCI moving up

Look at the shape it formed.

12:06 noon - FKLI higher due to TM - up +16.7%

10:10 am - DJIA fell to last support 12700.

If DJIA does not break support @ 12,700, we wud see higher DJIA and higher FKLI.

9:26 am - FKLI is strong despite DJIA selldown -105 pts.

FKLI touches low @ 1282.5. Projected high today 1296.5

5:20 pm - FKLI closed 1284.5 and touch high 1290

Lot of short seller were taken out today !

4:54 pm - FKLI is pushing new high @ 1290

A lot of short seller were stopped out at 1286-1290.0 Hence FKLI market hits higher.

12:26 noon - What a boring day for FKL ?

I was expecting Tuesday to be a great day ! but it is not the case.

10:38 am - FKLI has good support @ 1270 for 4 hrs chart.

10:06 am - DJIA sold off in the morning but recovered later in the afternoon.

This cud be our FKLI market today i.e. mimic what happened to DJIA ?

9:18 am - FKLI looks like it wants to mushroom down.

Stop is at 1271/1274.0 for our LONG position.

5:20 pm - FKLI did close above 1282.0

It's good FKLI closed above 1266.0. DJIA will decide out long position is profitable or not.

LOng position is on !