20080327 1710. In the 'uptrend', it is wise to be on the long side. FKLI futures makes new hourly highs near today's closing.

20080326 1216. With the FKLI futures hourlies being on 'uptrend' mode, FKLI reaches high of 1243. One can use this mindset to gain some points or avoid being short and lose some points.

20080325 1715. In the morning FKLI futures flipped into bullish mode. Moving averages on the hourly can help one stay on the correct side of the trade.

20080324 907. Today the trading system at Bursamalaysia has a problem. Orders can be keyed in but the quote screen doesn't update, so trading is suspended.

They are so one track minded and behind the curve

In August 2007, we wrote an opinion on the "need for Put Warrants", when the authorities and Bursamalaysia show how equity centric they were. They can only have products that is one sided, that is forever bullish, ie shares and call warrants. Now in thestar.com.my this article has the 'experts' only now realising the utility value of having put warrants. Just like the US investment banks cultivating the culture of highly paid 29 year olds driving Maserati sports cars,(now some are going bust like Bear Sterns), here too we pay these 'experts' highly for lack of foresight. Well now the markets have tanked, it is a bit too late now, isn't it?

20080318 1715. The PM announced his cabinet line up today, and the FKLI futures rallies. Must be celebrating that some undesirable elements were not appointed in the cabinet.

20080317 Bearish trend continues today.

20080313 1715. With the hourlies below their longer term hourly moving averages, the downtrend is still intact for both the KLCI and the futures contract.

20080310 1715. Hourly chart update. Position holders who chose to stay on the right side of the trend reap the benefits today. Today was also historic, when at 2:58 pm, the cash KLCI hit the threshold low circuit breaker level of 10% down, causing a 60 min halt in trading for both cash and futures markets.

20080507 0935. Haven't posted for a while (no time), but this chart of
the FKLI futures is worth posting. Shows the clear downtrend.