2:47 pm - All my MACD indicators has turned downward.

In short term, FKLI is bullish. Resistance at 1458/1460.

1:11 pm - FKLI turn bearish and selldown. KLCI cud not hold and turn negative too.

We are out of our long position. Support at 1457 broken. Sad ! But it is not a short trade yet. FKLI may move sideway now.

11:53 am - It has to break 1470 to go higher.

Support at 1457 for today.

11:24 am - FCPO continue to move downtrend.

After support at 3120 being broken, FCPO continue downtrend. Daily FCPO has 3 down bars.

9:43 am - FKLI holding nicely at 1458/1460. TG has buy signals this morning.

Our stop loss is tight for any FKLI reversal.

9:17 pm - Stock futures rise ahead of jobs report

Stock futures rise ahead of jobs report NEW YORK (AP) - U.S. stocks headed toward a modestly higher open Friday ahead of the Labor Department's December employment report, which Wall Street hopes will point to consumer spending continuing at a healthy pace. The department's report on payrolls and unemployment, due at 8:30 a.m. EST, has been a focus of investors for weeks as they try to determine whether the economy will continue to benefit from robust consumer spending even as sectors like home construction, mortgage writing and manufacturing slow. Wall Street is concerned that areas of weakness could puncture growth and even tip the economy into recession if consumers can't depend on a solid job market. Economists predict a smaller gain in payrolls in the final month of the year than in November, and expect the unemployment rate to have risen to 4.8 percent from the previous month's 4.7 percent. Further clarity on the health of the economy could come Friday when the Institute for Supply Management releases its December index of non-manufacturing activity. Economists predict slightly weaker expansion than in November. Ahead of the jobs report, Dow Jones industrial average futures rose 33, or 0.25 percent, to 13,176. Standard & Poor's 500 index futures rose 3.60, or 0.25 percent, to 1,462.30, and the Nasdaq 100 index futures advanced 1.75, or 0.08 percent, to 2,078.00. Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.91 percent from 3.89 percent late Thursday. The dollar was mixed against other major currencies, while gold prices fell. Light, sweet crude fell 21 cents to $98.97 in premarket electronic trading on the New York Mercantile Exchange. Oil touched $100 per barrel this week for the first time, stirring concerns about inflation. Overseas, Japan's Nikkei stock average closed down 4.03 percent after being closed for a long holiday. Britain's FTSE 100 rose 0.98 percent, Germany's DAX index fell 0.32 percent, and France's CAC-40 rose 0.11 percent. Copyright 2007 Associated Press. All rights reserved. This material may

5:11 pm - FKLI closing all time high @ 1469

It broke last high @ 1458 and the cash volume is decent -> 941 mil.

Let's see if Monday Jan 7, 2008 will continue.

DJIA futures right now is +24 pts.

What happens DJIA is up +200 pts ? FKLI will gap up and selldown.

2:47 pm - A lot of short selling get "creamed" today !

Many of short seller put their stops at 1459/1460 for their stop loss. The FKLI just shot up and take their stops.

Look at the gap at high 1462.5

12:22 pm - FKLI hits all time @ 1458.0 and want to go higher.

This is the 3d time attempt to test this. Maybe this may just work.

11:04 am - FKLI cross up and moving up and went long at 1440/1442

The fund managers did most of the work today and push all the CI component counters, so the FKLI moves in tandem.

5:26 pm - FKLI holding strongly at support 1427.0

If the MACD cross up tomorrow, we wud go long then.

5:21 pm - Despite heavy selling in the regional market, KLCI just will not go down.

Strong support by palm oil counters. If this persists with crude oil hitting above $ 100, KLCI will rebound to go higher.

Cash market just down marginally -0.3 pts.

1:05 pm - Here is a FKLI daily chart with 1414 support level

12:59 noon - FKLI trendline support at 1414/1413

This support level at 1414 coincides with the last selldown on 31 Dec 2007. Look to buy back at this level.

10:06 am - FKLI is confirmed on the bearish side when DJIA falls over 200 pts.

FKLI market gap down.

5:45 pm - Fund mgr "did not come to work today"

Volume is low today at 592 mil. If FKLI closes below 1432, this wud be bearish and need break up to 1450 to trend upwards.

5:38 pm - KLCI has a evening doji star - a bearish reversal pattern.

The market is turning bearish with double top forming.

3:25 pm - Instead of fund mgr/big players are buying, they are unloading and selling into the market.

Regional markets are lower too. The bullish move is over now and we will be moving sideway or down until FKLI touch back to 1453.5

10:24 am - FKLI starting to move up due to Hang Seng turning positive.

9:30 am - FKLI has closed this morning gap indicates short term bullish

Look at the tail of 31 Dec 07 for FKLI Jan. The low was 1414.0