5:16 pm - FKLI has formed a breakout at 1125.0

This is deemed as bullish for tomorrow.

If DJIA closed well tonite, FKLI is deemed to break higher.

Here is the weekly chart. We can go long tomorrow or short higher, either way !

3:44 pm - FKLI & FCPO statistics

FKLI Market Demography for June 2008

Category May08 Jun08 Change
-------- ----- ----- -------
Foreign institution 49% 46% - 6.12%
Domestic institution 1% 1% unch
Foreign retail 0% 0% unch
Domestic retail 37% 38% + 2.70%
Locals 13% 15% +15.38%
Proprietary 0% 0% unch

----------------------------------------------------- (# of contracts)
Total Volume 185,737 230,997 +24.37%
Average daily volume 9,287 11,000 +18.45%
Month end open interest 32,051 35,089 + 9.48%


FCPO Market Demography for June 2008
Category May08 Jun08 Change
-------- ----- ----- -------
Foreign institution 23% 22% - 4.35%
Domestic institution 11% 15% +36.36%
Foreign retail 1% 1% unch
Domestic retail 35% 35% unch
Locals 30% 27% -10.00%
Proprietary 0% 0% unch
----------------------------------------------------- (# of contracts)
Total Volume 147,798 198,086 +34.02%
Average daily volume 7,390 9,433 +27.65%
Month end open interest 39,534 44,053 +11.43%

2:50 pm - FKLI break out to 1224 and then selldown !

Wow ! the FKLI is so difficult to trade.

The market resistance is at 1122/1118.

9:21 am - DJIA is turning bearish now with a bearish engulfing pattern !

I wud like to see if there is follow thru to break further down. The major resistance @ 11,170 was broken easily.

9:13 am - FKLI gaps down but supported well at 1101/1103

DJIA took a big hit last nite and cause the gap ! I was right, one day up and one day down.

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 !

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.

6:02 pm - Trading Pivot for 8 Jul 2008

For FKLI

For FCPO

3:31 pm - FKLI turning bullish again !

Let's see if it wud continue after Hang Seng Market is closed. HS is currently very bullish .

8:56 am - FKLI is ready to cross up for LONG !

However, there is a lot of bad news and uncertainties in the market.

10:34 am - Wednesday investment talk

Dear Traders,

Below is the details of the Wednesday investment talk which I invited you.

We will be organising an exclusive International Investment Talk on 9th July 2008 for your clients and prospects. Mr Sam Gibson will share with us how alternative investment can help to enhance your total portfolio, while our CIO, Mr Ang Kok Heng, and our strategist Ms Crystal Teh will share about the Australian currency and economy and the analysis of Man Investment funds. Details of the talk are as below:

Date : 9th July 2008 (Wednesday)
Time : 7.00pm - 9.30pm
Venue : Kristal Ballroom 2,
1st Floor East Wing, Hilton Petaling Jaya Hotel
No 2 Jalan Barat,
46200 Petaling Jaya. (See map attached)

7.00 pm Registration

7.30 pm Alternative Investment Opportunities Through Man Investment
by Mr Sam Gibson of MAN Investment

8.15 pm BREAK*

8.30 pm No Qualms on Aussie $ !
by Mr Ang Kok Heng, Chief Investment Officer of Phillip Capital Management Sdn Bhd

9.10 pm MAN Weathers Through The Storms
by Ms Crystal Teh, Strategist of Phillip Capital Management Sdn Bhd

9.45 pm Question and Answer Session

*Refreshments will be provided.

Please RSVP with Azimah at 03-2711 3038 or reply this email to register as only limited seats are available. This seminar is free of charge.

You may amend the invitation attached below before sending to your clients.

Thank you.


Warm Regards,

Julie

016 651 9512

12:52 noon - The FKLI cannot go down due to the new news from our political situation

I was expect the selldown until there was a change in SD. Check your malaysiakini.com

That is really stupid as the market is increasingly becoming uncertain and the traders wud stay away from this kind of market.

11:38 am - Here is a weekly chart for FKLI

We may test 2007 low at 1045.5 ! That when I put my profit target at 1046 for my short trade.

9:52 am - Light crude oil has a 18 L/C and up, up she goes !

It looks like it is going to hit USD 150 soon !

9:32 am - FKLI looks like it wants to go up !

But it cannot ! Maybe we see a sideway movement today for FKLI !

9:02 am - DJIA is very resilient at this point.

DJIA traded half day yesterday, so the volume is low. Tonite US is a public holiday - Independence Day.

8:56 am - FKLI did not sell down this morning despite the political uncertainty

It is forming a bullish saucer in the short term now ! Let's wait.

5:21 pm - Trading Pivot for 4 Jul 2008

For FKLI

For FCPO

5:17 pm - Brace yourself for tomorrow !

When KLSE reopen back , you will see firework !

3:57 pm - I have a funny feelings that KLSE may be close tomorrow !

This is due to the unfavourable political outlook ! Market is bearing down !

3:46 pm - KLSE is closed for the day !

Look at your malaysiakini.com for news !

3:29 pm - Sell ! Sell ! Sell !

Bursa Malaysia is closed for the day ! The FKLI market is reacting to this by selldown !

9:17 am - DJIA cannot break down below 11,170

It is still hovering above this support 11,170 and the volume is low.

9:07 am - FKLI gap down due to -166 pts down !

Remember, strength comes from down bar.

5:18 pm - Trading Pivot for 3 Jul 2008

For FKLI

For FCPO

5:16 pm - FKLI is forming a bullish pattern "saucer"

The FKLI market is poised for higher closing tomorrow after down so many days !

4:51 pm - Time to think to go LONG !

If DJIA recover tonite, expect FKLI to rebound tomorrow !

Cover all our short positions to go LONG.

3:13 pm - Get out of Ann Joo Resources

Cut losses now @ rm 3.50

11:54 am - FKLI is certainly in a beautiful downtrend !

Short higher and take profit lower ! The FKLI is poised to rebound after lunch as regional market has good support !

10:52 am - Live trading at my office, CIMB - Thur 3 July 2008

Dear Traders,

As most of you know, many investors and traders cannot find anything meaningful to trade on KLSE Bear market. Many ppl asked me if they can open an acct with me to trade futures to benefit from the KLSE Bear Market. Profitting from the sell first and buy later.

So I am accepting new acct only on limited basis with term and conditions.

Bill and myself do live trading on a weekly basis for my clients and graduates of my workshop at my office in CIMB. See map below

Date & Time : Thur, 3 July 2008, 11 am - 12.30 noon

Venue: Wisma Amanah Raya, Level UL, Room 8, CIMB (See Map)

Park your car (FOC) near the bangalows at the back of the building and walk to CIMB.

If you wish to come and see me how I trade FKLI futures and give an market outlook, let me know as the CIMB meeting room has limited seats.

Email me at martin.wong@cimb.com or call me 03 2084 9999 X3533.

Rgds, -martin-

10:48 am - FKLI selldown and tested major support at 1142

Folk, this is a major support for FKLI testing for the 2nd time. If this break for the 3rd time, FKLI is finished. Taken profits for clients at 1143.0

9:02 am - DJIA has a beautiful doji and support at 12,272

DJIA may rebound back to positive up bar tonite !

8:58 am - FKLI gap up but weaknesses set in !

FKLI shud not break above 1259/1260 for the downtrend to persist.