9:41 am - DJIA looks like ranging at this point.

DJIA is directionless and professionals are not participating in the market denoted by the volume.

12:15 pm - KLCI hits quadraple top at 1276.0

Now, it is starting to mushroom down.

11:23 am - FKLI June 08 has formed double top

If FKLI can break 1268 and closed higher, FKLI is bound higher. Else we see lower 1260 and lower today.

9:29 am - DJIA is heading higher as US revised their GDP higher !

DJIA is moving sideway until they sell down it again.

9:13 am - FKLI is holding up nicely !

FKLI has not progress downward since it has retraced to 50% retracement @ 1253.0.

Here is the deal, if crude oil is falling lower, our plantation counters wud too, so how can FKLI goes higher.

5:08 pm - FKLI need to close 1253 tomorrow to continue downtrend !

FKLI probable closed around 1259 for June contract tonite.

2:30 pm - FKLI, KLCI & DJIA are at 50% retracement.

FKLI is at 50% retracement at 1253 and well supported at this level.




DJIA is at 50% retracement at 12,429 and too well supported at this level.


KLCI is also exhibit the same 50% retracement.

If DJIA were to break below 50% i.e. goes lower at 12430, KLCI will soon to follow.

10:25 am - FCPO has reached its peak @ 3,737

At this point, FCPO look to move downward or sideway !

9:44 am - KLCI looks like a reversal but it is not yet unless we see volume !

KLCI is at 50% retracement @ 1260.0. There have been many occasions KLCI goes down to 61.8% at 1250. I believe our KLCI is heading for 61.8% and beyond.

9:08 am - FKLI June 08 contract rebound

We are looking at the June 08 contract now. There is no follow thru on the Short side ! Cash Market is raising on low volume. Think to short higher.

12:14 pm - If FKLI closed below 1262, FKLI has a bearish engulfing pattern.

In last Saturday Traders Club held in PCM, I spoke of Bearish Engulfing Pattern which is a bearish pattern for FKLI. If FKLI closed 1260, you can go short and need to carry your position overnite.

11:17 am - The usual with FKLI - Gap up and then sell down !

The range is very tight too due to the institutional rolling over their contracts. With KLCI breaking lower than 1271.0, FKLI is deemed to close lower.

10:10 am - DJIA has some room to fall further !

DJIA tonite might move sideway or down with the next support at 12,300.0

8:52 am - FKLI gap up to open 1270.5

FKLI has formed a doji yesterday and there were no follow thru. If FKLI can close above 1270, FKLI may go sideway or upward. The downtrend has temporarily stopped.

8:56 am - FKLI looks like there is no selling thru beyond 1260.0

FKLI wud move directionless as there is no indicators except from Hang Seng.

5:19 pm - FKLI daily chart does not look good !

While KLCI is holding above support @ 1271, but FKLI is selling down, making it difficult to read FKLI due to institiutional rollover.

2:33 pm - FKLI is holding up nicely. If FKLI closed above 1265.0, this is good !

12:06 am - FCPO finally broke 3700 for the 3rd time.

It is important for FCPO to hold and close above 3,703 today !

9:45 am - KLCI is likely to form a double bottom at the major support 1271

If this hold, KLCI i.e. FKLI wud rally the next few days.

9:31 am - FKLI gap down due to DJIA lower closing last Friday !

We have reduce our SHORT position. There is still weakness in our FKLI. Stay aside as this week is also ROLLOVER week for the institiutional.