20061031 5:15 pm. FKLI Nov closes 985. If it opens here will create a gap down on the continuous chart tomorrow morning.

20061031 3:40 pm. With movement in favour of the long position, stop can be moved to 2.5 points from entry, 976.50.

20061031 11:09 am. FKLI Nov mov avg crossovers, so longs taken at 979, with stop initially at 5 points. 

20061030 4:04 pm. FKLI Nov 06 contract on correction. 

20061027 11:55 am. New highs for the FKLI. Let's look back at this trade and see what caused us to enter and manage it in the way we did. We identified the dominant candle, in which buyers were in control of the market, so the logic was to buy the retracement in the FKLI. The decision was made to buy retracement to the moving average channels (5 ema of the high and low). Fills for the longs were at 985, with the opportunity to average at the lower band.(but this was not done). From the outset, the stop loss was floating, using the 21 ema. If price of the FKLI closed below the 21 ema, the long trade would have been closed. Throughout the whole trade, the MACD momentum gave us a heads up on the 'path of least resistance', which was another reassuring factor to stay in the trade.

20061026 12:30 pm. Patience in holding on to longs taken at the MA bands, pays off today. 

20061019 2:59pm. FKLI, MACD momentum still up. 

20061018 5:15 pm. FKLI Oct ends up for the day, longs still in play. 

20061018 8:56 am. FKLI gaps down to the lower band. 

20061017 5:15 pm. FKLI closes weak. MACD momentum still positive, and as long as prices doesn't go below the big candle (dominant) of 4 days ago, should auger ok fo rthe uptrend. 

20061017 12:45 pm. FKLI MACD on dailies show the way for momentum. Upper band channel seems to be holding, augering well for the longs taken yesterday. 

20061016 5:15 pm. FKLI touches the band intraday, triggering longs. 

20061016 10:55 am. Waiting for FKLI daily price to retrace to the upper band for the long trade. 

20061013 5:15 pm. Looking at the bigger picture daily cash KLCI, we might expect some resistance to kick in around 990, after which 1,000 should test. Scoreboard is distinctly positive, with good volume, indicating price acceptance by market participants at higher price levels.

20061013 8:55 am. FKLI gaps up on Wall St rally. Watching the Fib cluster supports. 

20061012 FLI broke out for the rally today. Alas, we were not watching the market, sometimes that is how the cookie crumbles. However watching for next setup. 

20061011 9:00 am. FKLI closes above the money management line, invalidating the short trade. 

20061010 5:15pm. FKLI closes, pattern still valid. One thing, the FKLI market seems to be drying up in volume and participation. 

20061010 11:44 am. Might look to set up a short trade.

20061010 9:09 am. Bear flag failed. FKLI breaks out of triangle.

20061009 12:40 pm. Watching this possible 'bear flag' pattern for continuation. 

20061004 5:15 pm. FKLI closes 958.0. 

20061004 11:02 am. Staying the course with the short trade on FKLi turned out to be the right thing to do. 

20061004 8:57 am. FKLI gaps up after the DJIA reaches record high overnight. 

20061003 5:15 pm. FKLI into the close. Note the dominant candle that predicated the short bias. 

20061003 4:38 pm. FKLI shorts taken on trendline break on the indicator, supported by indicator divergence. 

20061003 12:26 pm. With the RSI hovering around the 50 region, consolidation is indicated, possibly pointing to the breakout. We'll consider going with the direction of the RSI break. 

20061003 9:11 am. FKLi in the process of the gap fill.(due to change of month)