8:50 am - FKLI gap down due to DJIA -370 pts slump.

This is an opportuntity to go long.

6:01 pm - FCPO has a very bearish closing today - Double Top at the TOP

However, the volume for today is not convincing for a bearish market for FCPO.

5:25 pm - FKLI is on course for higher closing

The 61.8% retracement is at 1445. Expect some resistance at this level.

12:24 pm - FKLI is going no way but sideway !

10:43 am - My newsletter recommends LONG position @ 3274

The market has broken thru the last high -> 3420 and trading at 3440-3446 range.

The trade is in the money +145 points.

10:34 am - FCPO gap up to the last resistance 3420

Soy oil has broken thru the last high. Let's see if FCPO can break new high.

8:50 am - FKLI gap down slightly despite DJIA -100 pts.

FKLI is reacting to bullish overnite by soy oil and crude palm oil. Soy oil has touched new high @ US56.08.

5:07 pm - FKLI broken out and closed around 1430.5

3:48 pm - FKLI broken thru 1430.0

We are long for the intraday trade.

2:48 pm - FKLI gap up after selldown to today's low 1416.0

9:59 am - FKLI looks like breaking 1424.0

If FKLI can sustain and break above 1424, this is a long position.

5:08 pm - FKLI closed within a rande. It had to break out 1409 to convince it can go upside.

4:30 pm - Looking at the DJIA, the chart looks like an upthrust

We have to wait for tonite to confirm.

3:08 pm - Daily Pivot at 1390 is acting as a resistance.

If it can break 1390 and above, the FKLI can go higher.

11:57 am - FKLI is ranging after the news from US FOMC is neither dissappointing nor surprising !

Trade the FKLI when KLCI break out of the sideway movement at 1400 for upside and downside at 1375.

9:53 am - FKLI has a support at 1373

If this break 1373, the FKLI will go down.

5:55 pm - FKLI not going anyway except sideway.

4:05 pm - If KLCI close with a wide range bar, this is a bearish pattern.

3:53 pm - FKLI selldown due to Hang Seng stop out our long position.

1:02 pm - FKLI selldown !

Malaysian shares end morning slightly lower on caution about US economy

KUALA LUMPUR (Thomson Financial) - Malaysian shares were slightly lower at the end of the morning session Wednesday, erasing earlier gains as persistent concerns about the US economy led cautious investors to take profits. The market had started firmer, tracking the overnight gains on Wall Street on hopes the Federal Reserve will cut interest rates again at the end of its two-day meeting later in the day. Mining-related stocks and select blue chips gained but failed to provide enough support to the index. The Kuala Lumpur Composite Index finished the session down 1.07 points or 0.1 percent at 1,387,43, off a high of 1,400.90. The FTSE Bursa Malaysia 30-large cap index lost 18.79 points or 0.2 percent to 9,098.79 while the FTSE Bursa Malaysia second board index shed 61.26 points or 0.9 percent to 6,491.56. Decliners led advancers 421 to 204, with 238 stocks unchanged and 526 counters untraded. Trading volume was 379 million shares, valued at 848 million ringgit. (1 US dollar = 3.23 ringgit)