The Nov seasonality is back. The mkt did reverse and I was long on 902 on Oct 31, 2005 on the Nov. It hit high at 916. Trail stop to 911.5.
The weekly pivot has been broken at 909.17 and it looks the FKLi is breaking out fast due to the short trading week. Notice that the last year 2004 Hari Raya, it did the same thing as it did this year. Interesting.
The weekly average range for 2005 is 22 +/- 6pts. Since Monday and Wed range is 22 pts. There is no more gain and it is close for the week.
Next week wud be a interesting week. Next week resistance is at 919 pt. It is only 3 pts away. See if this breaks.
Posts
