***** 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

Sunday, January 20, 2008

Friday, January 18, 2008

12:44 pm - FKLI can go down lower to 1413 at 72% retracement

The trend lines have been broken down. I expected the next two daily bars to either go sideways or up to maintain the uptrend. Else, it does not look good. EPF has to come to support the market.


US is coming up with an economic stimulus package so the market may hold. Once the news is out and over, I think ppl will sell to the weakness.


11:53 am - Got out of our long position.



Got out too early or exit for our long position ! The FKLI may move sideways pending on news on US economic stimulus package.




You win some and lose some ! That's trading.

9:20 am - FKLI gap down due to DJIA -300 pts.

Looking for a good position to close our long position last nite.

Thursday, January 17, 2008

5:44 pm - FKLI closed with a beautiful doji !

Can this be a reversal pattern ?


4:21 pm - FKLI on a daily basis is very beautiful and with high volume.

This looks like a bottoming tail and if FKLI cannot break the low of 1429, we may see a resume of uptrend or sideway movement.



10:05 am - FKLI maybe a dead cat bounce !

However, if it breaks higher, we may go long. At this stage, maintain short position.


Wednesday, January 16, 2008

5:06 pm - FKLI is surely bearish. One for the record down -65 pts.


4:45 am - I admit one cannot judge the low of the market

But one has to be content with the profits that one has . Wow ! FKLI gone so low.


4:19 pm - FKLI is so tempting to short because of the breakdown but it is too low at this point.

Maybe let's wait for tomorrow. Interesting, FKLI has turn discount to KLCI for the 1st time. FKLI market is truly in a bearish phase.




2:44 pm - Panic selldown ! This is a time for going LONG.

KLCI has a support 1449/1450.0


1:42 pm - FKLI has broken to low to 1470.0

My newsletter recommendation to GO Short at 1475.0. How many of you follow this recommendation to short at 1475.0 ? I wonder.


1:22 pm - FCPO looks like it had a reversal - It is downtrend from now.

Here is the FCPO daily charts.


11:23 am - FKLI drop further. Looking for a suitable location to short more !


10:29 am - Decreasing volume as the FKLI goes higher


Looking at this 15 mins chart, the current bar is looking toppish. An opportunity to short in the short term - intraday trading.


9:51 am - FKLI trading at 12 pts premium. KLCI is taking a big hit today !

Our FKLI is in the money.

9:21 am - Wow ! I thought FKLi will gap down to 1494 but instead 1488

It is down to low 1482.5. Either hold or take profits on FKLI.