10:10 am - FKLi cannot hold to up and run up

As all the short position got out, the FKLI return back to 925/926.0

9:49 am - FKLI just cannot break 923 - 3 times

As FKLI cannot break the support at 923.0 and time passes by, more and more traders are eager to get out of their short position (like myself), they tighten their stops.

Naturally, all the stops were triggered all the way to 928.0.

I was in yesterday at 924.5 and got stopped out at 926/926.5. My short setup is not based on MACD cross down.

10:13 am - FKLI continues to sell down

FKLi is having a healthy retracement at this point. But at this point, no short position signal nor setup until 50MA is breached.

10:09 am - Short FKLI after 6 days of uptrend

Yesterday, I shorted trade #17 at 930 just after lunch at 2.33 pm when MACD abt to cross down with a stop at 931.5.

There was a wash up to 933.0 before the 4 pm selldown. Stopped out at 931.5

Small loss of 1.5 pts.

10:21 am - FKLI hits high at 931.5 and wud not go higher

At this junction, my stop of 2.0 ATR is at 927.0

Trade #16 is stopped out at 927.0 pt. Profit of 27 pts.

A record win for this year.

9:31 pm - FKLI hits new high at 930.5

Trail stop to 926.

3:57 pm - KLCI cash market buckles against regional markets

Cash market is going against regional markets. This is due to KLCI is out of sync with the world since CNY. However, klci trend wud follow regional

FKLI has been up for 5 days. So, start to think of going short. However, wait for sell setup and short signal.

FKLI last reach high of 931.5 in Sept 2005. If it touches it, it wud the 2nd time it fail to break the 931/931.5 resistance.

Trail stop to 925.0.

10:53 am - CNY rally is still on

I am surprised to see CNY rally is continuing. If it breaks 930, we have a change in the trend.

10:45 am - FKLI hits high at 926

Trail stop lower to 921.5

5:17 pm - FKLI hits high at 921.5

Trail stop to 916.5 pt. Trade #16 is in the money -> 16.5 pts.

This is the big fish that comes once per mth or two mth.

The FKLI opens next Fri. It wud be interesting to see how it goes since it is out of sync for a week with the regional mkt. Nikkei is up +350 pts. That's fantastic.

See how DJIA wud work out tonite.

1:07 pm - FKLI holding on higher to 919

Stops remained at 915.0.

10:22 am - FKLI hits high at 919.5

FKLI has been trailing up for 3 days or more or 25 bars. At 25 bars, trail your stop tighten your to 915.

This is a good month. CNY rally did come back after all.

5:49 pm - Institution rollover of Jan to Feb 2006 completed

As the rollover is almost completed, FKLI for Feb hits high at 914. Trail stop to 909.0

12:12 pnm - FKLI cannot go higher.

Since FKLi is approaching the 20+ bars, tighten stop to 906.0

10:15 am - FKLI Feb hits high at 910

Trade #16 is trailed up to 905.5. In the money.

9:22 pm - FKLI Jan/Feb hit high at 907/912

Trade #16 is on Feb mth. Trail stop to 902.5. Trade is in the money.

12:04 pm - FKLI MACD cross up and buy signal is on.

Trade #16 is on. Long is on at 900.0.

Stop loss at 896.5

12:28 pm - FKLI showing bullish divergence

There is long setup coming soon. The FKLI price is moving down but the MACD is moving higher.


Watch out and tighten trade #15 to 901.0

11:53 am - Late update Trade #15 - Short at 903.5

Trade #15 short is triggered at 903.5.

Stop loss at 901.5

11:11 am - FKLI is in downtrend. CNY rally is over

The daily FKLI MACD has crossed down. It looks like a short position from now onwards.

CNY rally is over.