Thursday, August 16, 2007


20070816 1112. KLCI looks extremely oversold, some rebound is expected soon. (it is already up 6 points or so off the lows) The downtrend line is in place.

posted by emacro @ 11:15 AM   2 comments

2 Comments:

At 1:20 PM, Blogger FKLI Traders' said...

Hi FKLI

Can turn long now?
Is it bottoming?
At what points?

 
At 1:54 PM, Blogger emacro said...

First, I am not qualified to give investment advice, else SC will invite me for kopi o or I won't need a tailor to get a suit.(lawsuit)

But I can tell you what you might want to do, if you want to pick levels to buy at support levels. Refer to the floor trader pivots, which you will need the high low and close levels for yesterday, then plug into any foc pivot calculator on the web. Just google it.

PS you can also use them for short too ok? don't get into stubborn view ok. That way trading life will be extended.

 

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Introduction and Foreword
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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
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
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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
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
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Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system