Wednesday, February 27, 2008
10:16 am - FKLI is exhibiting the same pattern as yesterday.
Wud we get the same results as yesterday too ?
Tuesday, February 26, 2008
10:14 am - FKLI gap up and slowly selling down !
These has been the typically trend for FKLI lately.
Monday, February 25, 2008
4:28 pm - FKLI is more towards sideway or downtrend.
It is testing the FKLI 200MA at 1362.0. Let's see where wud FKLI close tonite !
12:38 pm - FCPO up +207 pts. today !
Wow ! Some clients who took the FCPO trade this trade, pocket handsome profits.
10:28 am - Here is the prognosis for FKLI
Here is a chart of KLCI, the immediate resistance at 1374 and support at 1359.
The FKLI is most likely to range around this range between 1359-1374. As the futures market will close this Feb 29, 2008, it will converge to the cash market, KLCI. So it wud be better to use KLCI chart to trade FKLI.
9:30 am - FKLI holding its position. Maybe it is ready for a rally to election
Now that the selldown is done and DJIA maybe moving sideway, KLCI may ready for a mini rally - a election rally ?
Friday, February 22, 2008
5:18 pm - Here is the prognosis for FKLI
The FKLI is at its 61.8% retracement. Any more downward movement beyond 72% at 1337 will signify FKLI to go below 1320.0
FKLI is at the 1361 support and this is a major support. FKLI has been down 6 days in a row. Look for reversal on a long trade.
11:10 am - FKLI is still going down !
Think to add on to your short position ! If there is a rebound, it wud be on Monday, Feb 25 2008 when DJIA gives out the bad news this weekend. Let's see if this comes true.
We wud see more downside on Monday before the FKLI rebound.
10:18 am - FKLI gap down due to DJIA -141 pts.
The market is heading lower to 1340+. Our short position is in place.
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