Thursday, March 31, 2005

20050331 Expiration day for March 2005 contract Posted by Hello

20050330 Posted by Hello

Tuesday, March 29, 2005

20050329 The divergence pattern did play out, albeit with a delay. A nice TLB (trend line break) trigger signals the short trade. Posted by Hello

20030329 Daily chart shows interesting pattern developing (or may not) An incomplete inv ghost pattern, if completed next few days signals buy stance for the fkli. See what develops. Posted by Hello

Monday, March 28, 2005

20050328 Uptrend continues, but divergence in place, still to be played out. Posted by Hello

20050325 Intraday trend is still up, unless otherwise proven by a counter trend signal. This could come as a divergence seems to be forming. Posted by Hello

Thursday, March 24, 2005

20050324 Uptrend continues as expected to test 875 again. Most probable outcome is for continuation of daily chart downtrend. Posted by Hello

Wednesday, March 23, 2005

20050323 The expected rebound happened, taking fkli to a high of 875, about a 13.5 pt move from the low of the day. Intraday trend looks like up right now, paving the way for further gains tomorrow. Posted by Hello

Tuesday, March 22, 2005

20050322 As expected, further downside seen for the fkli to close at the low again of 865. If oversold conditins become aggravated, the rebound should be quite substantial. Posted by Hello

Monday, March 21, 2005

20050321 874 closing, 2 ticks off the low. Seems to be in strong trend downwards. Tomorrow should see further losses, however might provide a hgh probability opportunity for a trading long position. Posted by Hello

Friday, March 18, 2005

20050317 The expected breakout came to the downside which was significant move, aided by the misconception of the Bursamalaysia listing ( +0.70 to RM3.70) would lift the market. An example of how one stock has no influence on any market. At the close though, a horizontal TLB shows a possible buy signal, signally some gains on Monday morning. Posted by Hello

20050317 Consolidation continues. Looking for break out either side. Posted by Hello

Thursday, March 17, 2005

20050316 Market scribing big range, with no discernable trend, might be here for a while until Friday's Bursamalaysia listing. Posted by Hello

Tuesday, March 15, 2005

20050315 Daily charts, show in longer term, fkli needed to get above 910 to be out of danger. Failing this the downtrend it seems is still intact. Posted by Hello

20050315 Short signal turned out to be a good one. Trend now turns negative, but could be the market lacks direction from the price action up yesterday, down today, no conviction either way. Posted by Hello

20050315 11:24 am Momentum lost to upside, now showing sell signal. Posted by Hello

20050315 Updated chart Posted by Hello

Monday, March 14, 2005

20050314 The buy signal on Fri lunchtime turned out to be a good one. Fkli reached a high of 904 today after initially trading 890 in the first minute of trading today. Strange that price did not show on this chart. FKLI looks like undergoing a pullback, most probable course would be to retest the high 904 next 2 days. Posted by Hello

Saturday, March 12, 2005

20050311 Consolidation pattern shows equilibrium between buyers and sellers. Daily chart buy signal in force, so could look for price to get a long entry for the Monda trade. Posted by Hello

Friday, March 11, 2005

20050311 14:02 Lunch break. The daily chart here shows interesting shamu pattern on the CCI, indicating a buy on the close if the pattern remains intace here into the close today. Posted by Hello

Thursday, March 10, 2005

20050309 Continuation pattern after the morning profit taking brought it down to 890.5. Posted by Hello

Tuesday, March 08, 2005

20050208 Rebound continues. Seems lower levels of CI attracting bargain hunters. Posted by Hello

Monday, March 07, 2005

20050307 FKLI came off a HTLB on the cci, cross of zero line was the buy signal for the change in trend. Posted by Hello

20050304 Posted by Hello

Thursday, March 03, 2005

20050303 Looking like triple bottom, momentum points to further upside for the bounce. Posted by Hello

"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system