20051129 Close. Sidewas to down movement after the triangle breakout. Would be prudent to square position, wait for next setup. An abject lesson that technical analysia, its patterns and indicators; nothing is 100% correct. It is important to have the mindset to accept that things are not working out as expected, and move on to the next trade. 

20051129 9:18 am. Update on the triangle pattern. Broke out, but with reserved convictions. Tomorrow will expire the Nov FKLI, see how this technical pattern pans out. 

20051125 Close: An Inside Day (ID) pattern, with the symmetrical triangle with prices reaching the apex, sees FKLI poised to make an explosive breakout move either direction next week. 

20051124 12:45 pm session break. FKLI consolidating to form a symmetrical triangle. The last trade long around 893 turned ut to be ok, with Nov FKLI reaching high 898.50. The pattern will pan out to a breakout either side of the triangle. 

20051123 11:57 am. Cash chart daily shows trend up, as the indictors stil point up. Would use this to manage the trade holding on until the indicators point down. 

20051122 45 min chart 

2005122 So if we took a long position at the support levels indentified just after lunch (892-894), what do we have going for the position? 1) The day trend is stil up, as the daily macd and stochastics have not crossed down and 2) the FKLI is trading at a big discount to cash index with less than a week to expiration. Net net the position has a good risk-reward equation. However things may yet change, depending on the price action next day or so. 

20051122 Close. A ZLR sell signal given b the CCI momentum indicator. The settlement long trade is now few points underwater, but yeat to see what will eventuate come settlement next week. Maybe can let the cash index (which has not confirmed the fkli next leg down) reaches 895, the reevaluate on whether to average (bad word here) or take further action. 

20051122 2:47 pm FKLI is resting on a confluence of support at 894. A good trade idea is to buy on weakness with a view of holding till expiry Nov contract. With a gross mispricing discount of -10 points is a good risk reward play. 

20051118 11:59 am. FKLI moves up strongly. Once the short covering finishes, a day trade idea might be to buy pullback to the moving average or trendline. There is strong band of support underneath at 886. 

20051115 10:41 am. The expected rebound came propelled by stop orders triggering. 

20051114 Continuation of selling on key blue chips pushes FKLI down again. So the ZLR sell signal turned out to have follow through. On this move is 6 consecutive days of falls. Usually after 8 to 9 days of falls, the markets rebound technically. Would look to scale into some long positions by tomorrow given the overextended discount of the futures v cash. 

20051111 11:28 am. 15 min chart FKLI is scribing a range 887-894. Possible strategy of shorting the break down or long the breakout.

20051110 Buying at support levels 888, would provide small bounce trade, targeting 895. 

20051011 3:01pm. FKLI reaches a pivotal support level. Possible to trade long for bounce back up to 894 on the mov avg. 

20051109 With the cash at the support, FKLI sells off into a weak closing, coming off the ZLR sell signal yesterday. Tomorrow will look to bu some support levels, generated by the pivots after the market opens. 

20051109 2:50 pm. Daily chart of cash index shows some trendline support at the relatively new trendline. Maybe will bounce off the 900 level. 

20051108 9:57 am. Down arrow denotes a sell signal ZLR from yesterday close. FKLI makes further ground downside. Support comes in at 892 and 895 for today. 892 will be a good level to scalp long. 

20051108 5:07 pm. Into the close, 45 min chart. Note the arrows showing short entries with ZLR signal with the trend. 

20051107 The Composite Index cash is forming a wedge/triangle, which could break out either side. 

20051102 Going into the 2 day break for Hari Raya celebrations, the FKLI narrowed the discount and settled against the 50 day moving average. Buy signal on Monday turned out to be a good one. Since the cash index is about 4 points off its 50 day moving average, expect a little more upside for the FKLI. 920 can be a level for shorts for scalps. 

20051102 4:59 pm. The 15 minute chart of the FKLI shows the move up form the symmetrical triangle. 

20051102 3:21 pm. After the rollover into Nov for the fkli, the buy signal indicated last Friday by the CCI pattern bears fruit, as those overzealous bears selling at huge discounts now have to cover, providing impetus for the fkli to trade almost even money to the cash.