20060830 12:45 pm. FKLI daily with stochastics being in overbought for a while now, but MACD momentum still on upside. 

20060828 9:52 am. FKLI moves up. 

20060828 9:52 am. FKLI continues on upward move after the break Friday. 

20060825 Close. FKLI closes the week on a high. 

20060825 11:06 am. FKLI retests high. A note on how we had an 'upside bias' when looking for the breakout from consolidation is in order. Observe tha upmove in the blue rectangle on the 30 min chart, which took 7 bars, compare this with the downside move, which took double the time. In addition, try as they might, bears could not push the market down to the extent the price went up. This is bullish pattern, in price action terms. 

20060825 8:53 am. FKLI move comes to upside, as 950 trades as the opening price. 

20060824 Close: FKLI has the push to upside, but failed to close above the breakout level (resistance). Will be interesting to see if the upside push (albeit small) can be maintained. 

20060824 3:11 pm. IRIS is a chart that traders on Bursa could well find it worthwhile to print out, blow it up and stick it in the trading room wall to rimind one of how to 'cut losses short'. An example of gravity, what goes up must come down, symmetry in the speed of ascent and tumble etc etc. 

20060824 3:00 pm. 30 min chart illustrates how the FKLI 'coils the spring'. 

20060824 11:44 am. FKLI in 'coiling the spring' before the next move. A trade idea would be to long or short a break of the R1 and S1 levels for today.(yellow lines) 

20060823 11;42 am. FKLI moves down through 946 support. 

20060822 11:07 am. Cash KLCi broke out of the channel on 15 min chart. 

20060822 10:44 am. FKLI buying in morning caused a 'pole' in a flag formation. Might wait to see the reaction at 946 to get long on a stop. Target 952.50, R3 level. 

20060821 Close: The short failed, as some buying came in during the afternoon. Looking back, there was one element missing, lack of MACD divergence. 

20060821 04:07pm. KLCI still channelling sideways. 

20060821 09;54 am. Cash KLCI in a 'channel'. Will confirm break either side. 

20060821 9:24 am. FKLI follows through to upside. Now we have an uptrend line on the market. Might be worth considering short at 940 if the trendline breaks. 

20060818 Close: FKLI breaks up above R1, although the movement is subdued, with volume shrinking dramatically. Trading at slight premium to cash KLCI, bullish indications for next week? 

20060818 12:45 pm. We had a break of R1 level (yellow horizontal line), and a pullback. If we can get above R1 and have sustained trade above, maybe we can get a trend going. Pivot level supports. 

20060818 10;34 am. FKLI mid morning, extremely low volume and participation rate, grinding sideways. 

20060817 Close: Break down off triangle failed, cover for loss. 

20060817 FKLI breaks down off descending triangle. 

20060817 10;55 am. FKLI has a downward sloping trendline, that has tested 3 times. 

20060816 Close: FKLI retests the trendline and breaks down through. 

20060816 12:30 pm. A fellow trader alerted me to the 60 min chart of the cash CI, which looks like it has broken down, so got to be wary of the long trade.