20060428 All in all, 500+ contracts across the 10 SSF series is impressive, given thelimitations of the cumbersome KATS terminal trading. When the technology of BursaTrade becomes available, and the open API and UDS (User Defined Strategies) becomes available, spreads will tighten and activity will pick up. In the future, the SIA and FIA will coalesce, addiding more market participants to the mix. 

20060428 FKLI rebounds into the close off support levels. 

20060428 10:50 am. SSF, single stock futures on 10 stocks started trading today on Bursamalaysia Derivatives. Few things to note:
1 Bid ask is wide on most SSF series
2 Low volume traded
Comment: To be successful, SSF needs to have some market makers willing to make the bid ask, and have the facility to lay off risk in the physical cash market. The wide bid ask is a reflection of the high cost of trading stocks in Malaysia. There needs to be an avenue to lay off risk or arbitrage for it to be worthwhile for market makers or local participant to provide the liquidity. Maybe the Exahange can do like the CBOE, whereby the CBOE market makers (in options) are treated as 'specialists' by the NYSE, so they trade stocks at close to zero costs and at very good margin rates. 

20060427 11:13 am. FKLI moved out of the confluence of moving averages we identified. 

20060425 Lunch session break. FKLI chart show confluence of flat moving averages, which all converge. This is 'coiling the apring' for a breakout move in either direction from here. Drawing some trendlines and waiting for the break will confirm any impending breakout. 

20060424 FKLI down into the close. Some factors pointed to shorts at 941. 

20060424 Factors to support short 1 RSI momentum below 50 2 Short term mov avg crossover. 

20060424 FKLI closes down. 

20060424 Close: 1 Mov avg cross down 2 RSI crosses below zero. Two factors that would have supported short trade, but we did not take the trade. Looking forward to tomorrow, might consider longs at 933-4 for settlement on Friday for the April contract. 

20060420 FKLI 30 min chart for the past week. 

20060419 3:30 pm. FKLI at 941.0. The breakout level was actually 935, coinciding with the nice down trend line, however since the gap ut to 936 opening today, had to make the decision to long higher levels like 937.50-38 to take advantage of this upside break. This is the nature of trading, sometimes the hard decisions have to be made. 

20060419 11:58 pm. Cash KLCI chart, most indicators bullish indications. 

20060417 9:51 am. FKLI held the band of support ralling slightly to 935.50. This "technical condition" can be instructive: the bearish selling tried to break support with great effort and energy, thus the ensuing small rally. This is an inexact trading method of analysis, but combined with other method of trigger, cold have provided nice trade.

20060414 3:45 pm. PROTON, reaches resistance of the 3rd downtrend line 5.85. The turtle soup reversal setup took a while, but is near completion. 

20060414 3:20 pm. BURSA is on the retracement off the highs. The horizontal red line and the red moving average (equivalent to 21 day exp mov avg) shows a confluence at 5.80. Can be a good idea to get on board this stock just ahead of those levels. 

2060414 10:15 am. Interesting technical condition forming. 

20060413 Close. FKLI @ 931. 

20060412 10:00 am. Finally moves down to 932 on the FKLI. 

20060410 5:15pm FKLI closing. 

20060410 12:05 pm. 3 factors to indicate a possible short @ 936. 1 Mov avg cross down 2 RSI punch below 50 3 Break of a short trendline (almost horizontal) 

20060410 10:02 am. 

20060407 Close for the week. FKLI, after initial strong thrusting move up, consolidating sideways, building up energy for the next move. 

20060407 2:33 pm. The 90 min chart shows the price action, strong thrust up into sideways consolidation now, bullish indications. 

20060405 FKLI after market close. A bigger move than usual after the breakout. 

20060405 Lunch session break. FKLI reaches high 935.00