***** 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

Friday, August 15, 2008

2:39 pm - Going short at 1094.0 for adding 2nd batch.


Assuming you short at 1104 for your first batch.

10:04 am - It is important that DJIA does not break the uptrend channel 11,500


9:48 pm - FKLI has formed a double top at 1114/1115


That's the end of the long trade and it is time to cut loss and turn short at 1104.0

Thursday, August 14, 2008

4:50 pm - FKLI is really choppy today !


Down and up with cash market in negative area. FKLI is reacting to higher DJIA futures +31 pts.

9:18 am - FKLI going long today !


Despite DJIA dropping, FKLI did not drop at all.

Tuesday, August 12, 2008

Monday, August 11, 2008

5:19 pm - Daily Pivot for 12 Aug 2008

For FKLI




For FCPO


5:16 pm - FKLI recover higher to close 1124.0


Volume is low !

4:34 pm - FKLI finally breakdown to 1118


4:09 pm - FKLI has no big players to push up the market.


11:57 am - FKLI is ready to break out 1132


It is running on premium now over cash market.

9:57 pm - FKLI broken out 1125 and reversed at 1133.5

FKLI is trending up.

9:19 am - DJIA has broken out 11700


However, volume for breakout is not convincing.

9:16 am - FKLI need to break and close above 1126


Else it is likely to form a double top at 1124/1125.

Friday, August 08, 2008

6:02 pm - Trading Pivot for 11 Aug 2008



For FKLI




For FCPO


5:50 pm - FKLI closed with COG.


While KLCI close to lower end, FKLI is ready to break higher with a COG.

9:08 am - DJIA has formed a triple top and it takes volume to break 11,650 level.


9:05 am - FKLI gap down but go up again.


There is strength in the downbar. Long at 1116

Wednesday, August 06, 2008

5:35 pm - Trading Pivot for 7 Aug 2008

For FKLI


For FCPO

5:19 pm - FKLI selldown after lunch due to Anwar's news to be charged.


12:30 pm - Short at 1134 and stoppped out 1139 for intraday trading !

FKLI went up to 1143.5 and a lot of ppl went thru short covering.

10:17 am - A CIMB Talk this Sunday 10 Aug 2008

Dear Traders.

Martin is giving a CIMB talk Sunday and you are welcome to come. Please inform him if you wish to come. His talk will be on current futures trading opportunities for CPO and CI.

Date : 10 August 2008
Venue : Conference Hall
3rd Floor, KL Convention Centre
Time : 2 - 4pm

Rgds,
Bill

9:16 am - FKLI gap up due to higher DJIA closing


Tuesday, August 05, 2008

5:21 pm - Trading Pivot for 6 Aug 2008

For FKLI


For FCPO



5:18 pm - FKLI forced to close higher due to DJIA futures


Jump from 1126 to close @ 1130.

4:46 pm - Short covering by short seller


FKLI zoom back up ! Resistance @ 1124/1126.

2:36 pm - FKLI has broken and ready to test 1120


Negative report on the political landscape. Chk out malaysiakini.com

9:24 am - FKLI finally break down due to lower KLCI

FKLI has a follow thru today !

(Cannot upload chart)

9:02 am - DJIA is slowly mushrooming down !

Major support @ 11,150 will be tested soon !

(Cannot upload chart)

8:51 am - FKLI gap up slightly waiting for direction

IF FKLI can break above 1146, the FKLI may move sideway or up.

(Cannot upload chart yet)