5:02 pm - As usual, intraday traders take profit ahead of the long weekend

Our market is close for Monday for Wesak Day, 19 May, 2008. So everyone want to square off their position. KLCI closed above 1300.67 +6.52 pm .

Maintain LONG position.

2:38 pm - FKLI trying to break higher !

However, the volume is not there today !

9:42 am - FKLI is poised for a breakout today !

However, the volume is not convincing yet !

9:19 am - DJIA is moving upward and well supported !

After 3-4 days of upbar, I wud see a doji tonite or a down-bar as it will be testing 13,060 again.

9:06 am - FKLI is "Pushing thru the Supply"

If FKLI cannot fall below today low 1299.5, it will try to hit 1316.5 today !

5:06 pm - FKLI selldown in the afternoon to wash out the LONG position before going higher !

Our LONG position is still intact !

10:31 am - FKLI gone LONG !

Our LONG position is in place !

9:36 am - DJIA is set to move higher !

Based on my yesterday weblog, I said 12,700 is a support base and will test 13,000 again this week.

9:17 am - FKLI is ready to cross up !

Be ready to go LONG ! FKLI is testing yesterday high @ 1298.5

9:14 am - KLCI is still moving sideway and ready to move higher ??

The regional markets are bullish !

7:35 pm - FKLI may test 1301.5 tomorrow if DJIA closed higher tonite.

Else we may see lower FKLI tomorrow.

9:23 am - DJIA is well supported above 12,700

If DJIA stay above this level @ 12,700, it may move sideway before finally breaking abov 13,061.

9:11 am - FKLI has fallen a bit yesterday ! It is trying to test if it can go higher.

FKLI is trying to test 1291 resistance. There is weakness in FKLI.

BTW, our LONG position was out at 1286.5.

9:11 am - FKLI has fallen a bit yesterday ! It is trying to test if it can go higher.

FKLI is trying to test 1291 resistance. There is weakness in FKLI.

BTW, our LONG position was out at 1286.5.


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5:19 pm - Last min profit taking thru selling !

This is a good support area where FKLI is resting. If it can rebound from here, we wud see higher FKLI. FKLI may come down to test 1270 again if it is heading downward.

4:02 am - Forecasted FKLI is go how high - to 1334.0

Projecting using Fibonacci 161.8%, we get a high 1334.0 for FKLI shud FKLI break 1300.0

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3:10 pm - FKLI is undergoing profit taking. Look at the upthrust bar

This is where you shud put your stop for a intraday short trade. Long stop is still at 1291.0

10:19 am - FKLI is undergoing profit taking as FKLI tested 1300

Our LONG stop is at 1290.0.

10:13 am - DJIA is holding above 12,700 nicely

Volume is reasonable, let's see if it can hold tonite to spur up movement. If DJIA end tonite with a Doji, the uptrend is intact.

9:41 am - FKLI finally touches 1301.5 and selldown due to profit taking

As stated in my newsletter that I sent out to my clients, this the 2nd time, FKLI touches 1,300 and on low volume, so I expected the FKLI will pull back a bit before testng it again several days later. When it test for 3rd time on high volume, we will see FKLI breaking 1300.