4:45 pm - FKLI hit low at 901.5 and oversold

Watch out for 897 and be ready to go long. The weekly range of 21 pts is at 889 (918-21 = 897).

Mkt moving to 6/7 pts discount.

3:14 pm - I missed the short entry

There were no setup for me to enter short today. Stay discipline and you wud be rewarded with a chance. I may look out for long.

2:47 pm - FKLI selldown

FKLI today selldown and trading below 50MA. It is turning to a short market. Looking opportunity to short now since it is below 50MA. Looking for short setup and sell signal.

This does not mean I cannot go long at the same time too.

9:38 am - FKLI stays sideway

THe FKLI looks like it has stable itself. I guess it has to selldown further before the push for higher to come. Look out for FKLi to break 907/906 before going long again.

Daily pivot FKLI
R1 = 916.67
P = 911.5
S1 = 906.5

10:22 am - FKLI gap up and selldown

Monday is for profit taking. Market gap up to 917 and shot to 918 and sell down. Put my stop at 912 but slippage and got out at 911.

Looking to go long if there's a chance at 916/916.5

10:51 pm - Nov FKLI reversed and head north

The Nov seasonality is back. The mkt did reverse and I was long on 902 on Oct 31, 2005 on the Nov. It hit high at 916. Trail stop to 911.5.

The weekly pivot has been broken at 909.17 and it looks the FKLi is breaking out fast due to the short trading week. Notice that the last year 2004 Hari Raya, it did the same thing as it did this year. Interesting.


The weekly average range for 2005 is 22 +/- 6pts. Since Monday and Wed range is 22 pts. There is no more gain and it is close for the week.

Next week wud be a interesting week. Next week resistance is at 919 pt. It is only 3 pts away. See if this breaks.

12:49 pm - Again the same thing happen !

During these period, the FKLi move up and then sell down. Like a yo-yo.

There were few setup on the hrly chart but no buy signal yet.

9:44 am - FKLI just not going anywhere but sideway

FKLI reacting to DJIA -110 pts drop. Gap down and it try to move higher due to the closing mth of FKLI on Monday.

No opportunity to trade unless daytrade and range of the day is around 4-5 pts.

Not much but stay out until Nov.

-martin-

2:44 pm - FKLI false breakout

During the last week of FKLI futures contract closing, it is difficult to trade. All the technical signals are distracted by the institution rollover. At this point, it wud be better to stay out.

10:00 am - The last week of FKLI

The last week of FKLI is the most difficult to make money due to the rollover of contract from Oct to Nov.

However, I am looking for long at this stage.

4:45 pm - FKLI hit low of one month at 895.5

This is madness. THE FKLI has one of the biggest day drop for YEar 2005. It is like the world is going to end and everyone is cashing out - so far -19.5 pts drop.

Millionaires are made in days like this or bankrupt on these days.

2:05 pm - FKLI hits all time low and Cash fell off..

FKLi hit low at 902 (-13 pts) with cash fell of -8.66. Without a position, I have to patiently wait for my setup and signal to get back either short or long.

1:07 pm - FKLI hit my stop at 920.0

Trade #12 ends with a profit of +2.5 pts.

Am I satisfied ? You bet, I am satisfied with small profit for the sideway market.

Look out for MACD to cross up.

Looking to go long at 922.5

10:02 am - FKLI hit low of 916.5

Trail stop to 920.0

Trade #12 is in the money - Trail stop to 920.5

Trail stop to 920.5

3:39 pm - Trail Trade #12 stop lower to 922.5

2:56 pm - Cash mkt turning down. Daily MACD cross down today

The Cash Mkt does not look good. This is the first day where daily MACD cross down. It wud take some time for it to cross up.

2:52 pm - FKLI hit a vaccum - Drop from 921 to 918.5 low

Trade #12 stop is trailed lower to 923.5. Shud be in the money soon.

Rgds,
-martin-

12:02 pm - FKLI hits low of 921.5

Trail stop to 925.0

11:34 am - Trade #12 is short at 922.5

Short position has been triggered. Stop loss at 928.5

I am only concerned if today closed above 925.5/926.0

Rgds,
-martin-