Thursday, March 27, 2008

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

Wednesday, March 26, 2008

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.

Tuesday, March 25, 2008

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.

Monday, March 24, 2008

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.

Thursday, March 20, 2008

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 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?

Tuesday, March 18, 2008

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.

Monday, March 17, 2008

20080317 Bearish trend continues today.

Thursday, March 13, 2008

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.

Monday, March 10, 2008

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.

Friday, March 07, 2008

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

"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil


From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
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/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
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
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system