Double top triggered

20080528 Could be the death knell for the KLCI, as the double top pattern triggers. The bull may need some serious resuscitation. Check out the Nuffnang Wild ‘Live’ Blogging

20080526 1240. To complete the picture.

20080526 1151. FKLI futures broke through the trendline we were watching since early morning.

20080526 0927. We are watching the trendline on the 5 min FKLI futures chart.

20080515 Long breakout sees FKLI futures getting to 1300.5, but resistance is strong at this level.

20080515 0955. We are watching the trendline for possible breakout for the May 2008 FKLI futures ocntract.

20080512 1710. FKLI breaks down.

20080512 1503. H & S pattern? On the 21 tick FKLI chart, may indicate break to downside. We shall see.

20080507 1700. Triangle breakouts both sides failed. The market has gone back to the doldrums.

20080507 1655. We have a triangle forming on the 5 min FKLI futures chart.

20080506 1715. Just to ocmplete the picture of this nice trade. It is important in trading to 1. Have a plan 2. Stick to it and 3. Hopefully come out in front with profit while managing the risk.

20080506 1455. Well, an 'explosive breakout did result, which came very fast.

20080506 1245. With the slowing down of market activity, we can switch to a higher timeframe (60 min), and use the same principles of the 15 min breakout levels delineate possible areas of beakout.