Wednesday, January 04, 2006

5:07 pm - Possible of cash breaking 902 for the 3rd time


This is a powerful indicator that CNY rally is back for Jan 2006.

4:54 pm - FKLI breaks R1 at 893


FKLI has the habit of breaking 893 1st and then retrace back. This is due to stop being triggered by stops of short position.

It wud fall back and the 2nd time it break 893 - this is a confirmation that it wud go higher.

4:48 pm - cash discount is almost nil. Cash need to gain more ..

Cash disccount now stds at 1.0. This is very bullish mkt if there's a CNY rally.

Trail stop up to 890.5/891. I am almost in the money today.