5:08 pm - FKLI need to close 1253 tomorrow to continue downtrend !

FKLI probable closed around 1259 for June contract tonite.

2:30 pm - FKLI, KLCI & DJIA are at 50% retracement.

FKLI is at 50% retracement at 1253 and well supported at this level.




DJIA is at 50% retracement at 12,429 and too well supported at this level.


KLCI is also exhibit the same 50% retracement.

If DJIA were to break below 50% i.e. goes lower at 12430, KLCI will soon to follow.

10:25 am - FCPO has reached its peak @ 3,737

At this point, FCPO look to move downward or sideway !

9:44 am - KLCI looks like a reversal but it is not yet unless we see volume !

KLCI is at 50% retracement @ 1260.0. There have been many occasions KLCI goes down to 61.8% at 1250. I believe our KLCI is heading for 61.8% and beyond.

9:08 am - FKLI June 08 contract rebound

We are looking at the June 08 contract now. There is no follow thru on the Short side ! Cash Market is raising on low volume. Think to short higher.