20071231 1715. Happy New Year to all. Last Friday we already alluded to a technical condition in the KLCI cash market. Six straight days of gains and a resistance zone upside near the 1458 region. Having a plan to short the opening of the Dec 07 FKLI futures or just after that would pave the way for a good day trade into the settlement. Only the emotional stock players (who can only bet UP) would chase stocks after six consecutive days of gains... professional traders fade new highs into resistance zones.

20071228 Cash KLCI daily is within touching distance of the top of the channel, which coincides with the Fib extension target of 1460. KLCI has also had six consecutive days of gains.... we may get some profit taking soon...

20071228 1702. Cash market order flow is an important consideration when trading the FKLI futures. It's an idea to monitor the 5 min KLCI chart, and see how price pans out in relation to the opening price (horizontal line through the first 5 min bar of the afternoon session) At the very least it would keep one from being caught short on the wrong side of order flow.

20071228 1715. FKLI Jan 08 futures and the breakout levels, Long breakout triggered but this one required lots of patience.

20071227 1237. FKLI futures jan 08 contract on long breakout off the upper level.

20071227 1230. KLCI 5 min charts gives clue to direction of order flow, in the morning trade.

20071226 1715. FKLI futures Jan 08 contract. Breakouts fizzle out.

20071226 1533. On Jan 08 FKLI futures contract, levels set up at 1422 and 1426.

20071221 1245. No classic setup, but the FKLI futures has a nice 'trend day' character to the trading today.

20071219 1518. Downside break at 1391.5 proves to be more fruitful.

20071219 1245. Upside break was good for a few ticks only for Dec FKLI futures.

20071219 1016. FKLI futures levels set up at 1391.5 and 1395.(chart later)

20071212 1437. FKLI longs triggered before lunch session beak at 1422. OK will be off on a break till next week.

20071212 1100. FKLI futures breakout levels.

20071211 1715. FKLI futues sells down into the closing, on a wild day. Completes the picture for the day.

20071011 1520. Dead worng on the short, but the reverse trade long compensates for the loss.

20071211 1138. As the FKLI futures settle into the range, a possible setup emerges.

20071210 1510. Meanwhile, we had a classic setup with breakout levels at 1436 and 1440.

20071210 1230. TM (Telekom Malaysia) has run up in the past week. Today there is announcement of special div declaraton. Insider trading? How to gain the confidence of foreign investors into portfolio investment he

20071207 1715. This would have been a good setup, but alas the break came on the fourth bar. Anyway, heard that the SC is considering approval for the bursa dma trading, timeframe 1 week. By that time is almost Christmas!

20071206 1715. The gap up after the lunch session break invalidated the setup.

20071206 1245. if the first 15 min bar after the lunch session is within the breakout levels, then the setup is ready to go.

20071205 1715. FKLI futures rally turns out to be a corker.

20071205 1520. At 1245, there was no classic setup. However the symmetrical triangle setup turned out good.

20071204 Got this communicaiton from Bursamalaysia today (unofficial)

The DMA Gateways (TransactTools and GL Trade) are not accessible via internet. Correct. Your clients can use TNS, BT Radianz, GL Net, N2N network, etc

The DMA Gateway TT is opened for testing. Some clients have started to test, but they are not ready yet for "go live".
Anyway, we are waiting for the green light from SC.

So, it seems DMA might be a reality soon. SC, get your act together for approval; remember Bursa is in the MSC, what good is the MSC image without direct access internet trading?

20071203 1715. FKLI futures formed breakout levels in the morning, but today turned out to be a whipsaw day with false breaks.

20071201 It is 1 Dec 2007 now and we are yet to see the DMA launch from Bursamalaysia, although the details (article) have been revealed by BM. Let's hope we can see the big bang hit the market soon with online direct access trading on Bursatrade.
A