Surprisingly, cash market KLCI closed lower -1.0.
Wednesday, June 11, 2008
11:23 am - There is no follow thru in downtrend in the Bearish Engulfing Pattern
The downtrend is not confirmed yet. It is likely to move sideway !
9:56 am - STAR newspaper reports "Sime Darby sacks CFO !"
Here is a monthly charts for FCPO. Look at the uptrend.
It is interesting to know how a big planter like Sime Darby can lose money when the market is trending up. It is like a big oil producers like Exxon, BP can lose $$$ during this oil price hike.
9:43 am - DJIA set to move sideway !
From this point onwards, it can go up or down or sideway. The medium trend is down !
9:01 am - FKLI gap up because of oversold yesterday !
If FKLI can break and close above 1215.0, it means FKLI has good support 1202/1208.
FKLI is trading at -22 pts discounts.
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