Wednesday, June 29, 2005

20050629 Closing low meant momentum of the CCI is gaining on downside, so short signal 2 days go is working now, at least not in drawdown. Posted by Hello

20050628 Downward momentum stalled with CCI going flat. But short still in play for this trade, which is counter trend. Posted by Hello

Tuesday, June 28, 2005

20050627 CCI broke below +100 indication to exit the long position and entry into short position at the close. The blue horizontal trend line was broken as well. Posted by Hello

Thursday, June 23, 2005

20050623 12:30 pm lunch close chart Posted by Hello

20050622 Sorry no chart today, but the FKLI today would show nice upward movement in CCI with prices breaking out.

Tuesday, June 21, 2005

20050621 Sideways action still continues. Today is the first day f the rollover into July contract. Again CCI movement will provide clue, but market internals are encouraging for upside breakout. Most notably a few stocks with weighting in the cash index like Commerz, POSHLDG, PETGAS, PLUS are showing strong indications of upside breakout. Posted by Hello

Monday, June 20, 2005

20050620 Not much movement as the mrket cnsolidates. CCI movement out of the 'chop' around +100 (up of down) will point the way for the momentum of the next move. Posted by Hello

Sunday, June 19, 2005

20050617 Looks like the sideways consolidation continues on Friday, with the buyers coming back into control after the early morning selldown. CCI is still is hanging around 100, a decisive break above +100 will show nice momentum continuation to the upside, suppoting the case for the bull move. Posted by Hello

Friday, June 17, 2005

20050616 Facing resistance, another day of profit taking. The CCI is not too overbought though so the FKLI may see some range trade ahead. Posted by Hello

Thursday, June 16, 2005

20050615 Momentum resumes after 1 day profit tking consolidation. Watching for over bought condition, but CCI has to be above 150 for overbought conditions. Posted by Hello

Wednesday, June 15, 2005

20050614 Hook in the CCI indicator shows momentum waning, so is good place to take some money off the table. Posted by Hello

Tuesday, June 14, 2005

20050613 Posted by Hello

Saturday, June 11, 2005

20050610 Weekly chart Posted by Hello

20050610 CCI crosses zero decisively, could signal the change in trend. Buy signal still intact until CCI hooks down, which would give signal to take profit. Posted by Hello

Thursday, June 09, 2005

20050609 Upmove still intact Movement of CCI still up, so long position should be held. Posted by Hello

Tuesday, June 07, 2005

20050607 Momentum stills intact in the rebound. However the big doji pattern indicates indecisiveness. Posted by Hello

Monday, June 06, 2005

20050606 Retracement continues, even though daily trend is down. Momentum stil ok to last 2 or 3 days from yesterday's buy signal.(yelow arrow) Posted by Hello

Friday, June 03, 2005

20050603 Trend line broke and fkli reversed with some mementum, coud continue for 2 or 3 days. Posted by Hello

20050602 Downtrend intact, but testing trendline. See if it can break through. Posted by Hello

Thursday, June 02, 2005

20050601 Still downtrend, but depending on closing on 2 June, could get inverted ghost pattern for the long. 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
Intro 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/a>
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
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system