***** 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

Tuesday, January 22, 2008

10:44 pm - At the early trading of DJIA, the market has fallen -380 pts.

All supports have been broken !

5:19 pm - FKLI forms a bottoming tail !

However, the downtrend is not over yet !


3:11 pm - FKLI gaps down but buy up after lunch !

This maybe an opportunity to go short. But tomorrow is a public holiday. Dare to hold overnite and over holiday.

12:38 noon - FKL is free falling

Chart read'g does not work today ! Just short !

11:14 am - FKLI is moving sideways - congesting here.


Wait for the lunch ! After lunch, FKLI may gap up or down. No way of telling it.


9:36 am - All supports are broken very easily !

Chart reading becoming very difficult as many of the up and down in FKLI depends on regional - Hang Seng, Nikkei and DJIA.


Some of the clients who heed the SHORt position from my newsletter took a handsome profit today.


Monday, January 21, 2008

5:21 pm - Another heavy selling today !


next support at 1360.0


4:58 pm - It pays dividend to trade the newsletter recommendation to short at 1400 today !

Short if it break S1 @ 1400.0

FKLI break 1400 so easily. The election mini rally maybe over.

4:38 pm - Whenever KLCI breaks the 72%, it is going to bad !


4:18 pm - My newsletter recommends SHORT at 1400




4:09 am - FKLI has broken 1400 and down.

Looks like the FKLI 100 pts. up from 1400 to 1500 for the elections maybe over as it has tumbled down today !


3:13 pm - FKLI reacting very badly to Shanghai fall after lunch !



Mkt free falling to 1400

10:34 am - We are doing a Foundation course on Jan 28,29 2008

Our 1.5 days will cover the foundation on "How to trade and invest like a Pro".

For more information, call Dolly at 03 4252 4149.

Goto my website http://www.imtradermy.com

9:54 am - FKLI too is congesting without any leads.

The next best news is the elections annoucement and this may be the "good bye" rally.


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.