Friday, August 29, 2008

20080829 Whoa, the cash index rrose in a big way today, on Budget 2009 announcement day. I was away from the trading terminal, and missed the big move!.i\It seems whenever I am away, the market has its big move. I guess that is the way the cookie crumbles. Looking forward, the FKLI futures has risen from the low of 1047 to current levels. If we look at the last retracement upwards, the futures went from 1085 to 1052 or so, about 60 points or there abouts. So 60 points fromt the low of 1047 means 1107 is the realistic target....

Monday, August 25, 2008

20080825 1507. Drawing trendlines can give indication of support/resistance levels for FKLI futures, or any instrument.

Friday, August 22, 2008

20080822 1107. The uptrend resolves itself and continues for the FKLI Futures. Yesterday's afternoon was a 'bear' trap.

Wednesday, August 20, 2008

20080820 1715. FKLI futures is on the bounce. Will it continue? Time will tell...

20080820 1213. Improvement in regional markets and the 6% rise in Chinese stocks puts FKLI futures on uptrend mode.

Tuesday, August 19, 2008

1047 am. FKLI futures chart 10 min shows the extent of the selloff since the break down yesterday morning. Right now it is itting resistance form the small downtrend line.

Monday, August 18, 2008

The constriction of the bands was the precursor to the move down in the FKLI futures this morning.

Thursday, August 14, 2008

20080814 1556. Break of the triangle pattern brings FKLI futures ot a low of 1105. The sharp reversal indicates the breakout does not have legs, so no point hanging on.

20080814 1425. FKLI futures 5 min is in a triangle formation, might be poised to break out.

FKLI Market Demography for July 2008

Category Jun08 Jul08 Change
-------- ----- ----- -------
Foreign institution 46% 37% -19.57%
Domestic institution 1% 1% unch
Foreign retail 0% 0% unch
Domestic retail 38% 46% +21.05%
Locals 15% 16% + 6.67%
Proprietary 0% 0% unch

Some interesting figures on the FKLI demographics. The market is dying with foreign institution participation shrinking, meaning that foreigners have pulled out of Malaysia stocks, due to political uncertainty. Basically hedgers are the ones who provide the $, otherwise it is just a zero sum game amongst the thin pool of players in this market.

Wednesday, August 13, 2008

20080813 1704. FKLI futues made anice move up. Q: can you see where the market was squeezing down, ready to breakout of the congestion zone?

Saturday, August 09, 2008

20080808 1715. Updated FKLI futures chart, price could get to around 1108 before reversing, just as well, as last night, the US stock markets welcomed the Olympic Games with a bang!

Friday, August 08, 2008

20080808 1435. FKLI futures breaks down off the 1113.5 level after the session break.

20080808 1206. With the sideways motion in the FKLI futures happening for a while now, 1113.5 and 1119 provide the breakout levels for the hsort and long trades respectively. Let's see what will happen.

Thursday, August 07, 2008

20080807 1558. FKLI futures breaks out of congestion in afternoon trade.

Tuesday, August 05, 2008

20080805 1610. Well, it is mid afternoon now, and we have had the 'big move' in the FKLI futures. Whenever there is congestion for a long time as we saw on Monday afternoon, the 'big one' is sure to be on the horizon. Note the 'gap' in the chart is where the data feed cut out in the early morning trade.

Monday, August 04, 2008

20080804 After the spike on Friday to 1200 and down again, the FKLI futures has lacked the participation and is grinding through a tight range today. Hopefully after this coiling of the spring we can get significant movement tomorrow.

"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