Thursday, July 28, 2005

20050728 Break out of the inside day, another buying action seen in today's candlestick. Could be building momentum for further upside tests. Posted by Picasa

Wednesday, July 27, 2005

20050727 CCI crossed below the support trendline, indicating a place to lock in profits. Candlestick today is showing an inside day, although not the narrowest day in the last four days, may be potentially setting up or a break out trend day either long or short. Posted by Picasa

Tuesday, July 26, 2005

20050726 9:25 am. FKLI Posted by Picasa

Saturday, July 23, 2005

20050722 FKLI reject the old CCI trendline, prompts redrawing. Momentum looks strong after this rejection of TL and +100. So the high risk trade long paid off handsomely. However, divergence is appearing. Posted by Picasa

Friday, July 22, 2005

20050722 Lifting of the peg provided impetus for the KLCI cash index to reach target of the ascending triangle. Posted by Picasa

Thursday, July 21, 2005

20050720 Continuing uptrend after +100 rejection by the CCI. Doji candle on fkli shows some indecision with buyers balancing out sellers. Posted by Picasa

Wednesday, July 20, 2005

20050719 Big candlestick indicates buying action on the fkli. But the cash turned out to be expected, trapped in a narrow sideways action. CCI on the fkli chart has rejected the +100 support which is a buy signal, but usually has a higher risk associated with it. Posted by Picasa

Tuesday, July 19, 2005

2005078 A sell signal (red arrow) denoted by the ghost pattern on the cci two days ago, now testing the uptrend line. Looks like the market could well move sideways to down in the near future if the CCI penetrates the uptrend line, a good place to take profits on long positions. Posted by Picasa

Saturday, July 16, 2005

20050715 Profit taking, candlestick shows selling interest. May point to further range trade in next couple of days. Posted by Picasa

Friday, July 15, 2005

20050714 The arrow denoted the last ZLR buy signal on 4 July turned out to be a good buy signal. At 14 July closing of 925, 34 pt profit ensued. At this point is prudent to bank some partial profits and leave runners to take advantage of this break out. Posted by Picasa

Thursday, July 14, 2005

20050714 11:16 am. New highs made, good momentum on CCI, notwithstanding the short term overbought conditions. Posted by Picasa

Wednesday, July 13, 2005

20050712 Posted by Picasa

Monday, July 11, 2005

20050711 Decisive break of the upper trendline (on price) and closing near high could signal continuation of the uptrend. CCI shows strong momentum Posted by Picasa

20050708 Hamer candlestick, sellers failed to sustain downmove as buyers setpped in to drive price to close near open & high. Watch the upper trendline for resistance and possible breakout. Posted by Picasa

Friday, July 08, 2005

20050707 Uptrend continues. On overbought level on CCI and the candlestick today showed selling activity, possible triggered by the London bomb blasts. Posted by Picasa

Wednesday, July 06, 2005

20050706 Commerz Asset Holdings Bhd is one which is a higher weight in the KLCI, lending weight to the internals governing the buy signals, which have been more responsive than the short signals currently. Posted by Picasa

20050706 Took a little heat yesterday, but the buy signal looks pretty good now. A group of blue chips are lending god weight to the internals on the KLCI. Posted by Picasa

Tuesday, July 05, 2005

20050704 ZLR buy signal today. Covers last short position and initiate long. Posted by Picasa

20050701 Bounce off the mov avg, but no buy signal yet. Posted by Picasa

Friday, July 01, 2005

20050630 As of close short signal still in play. Posted by Picasa

"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