Monday, October 20, 2008

Double bottom on 5 min FKLI futures


20081020 1120. FKLI futures shows double bottom formation. This feels like the beginning of the end or does it signal the end. Certainly the way the selling came in on Friday on KLSE stocks and earlier this morning, it certaintly feels like capitulation.(bottom) In this situation, with the benefit of hindsight, everyone should have just stpped aside with the bids and let them (the suckers) sell every stock down 20 or 30% then there is opportunity for those brave enough to take on the capitulation trade. Hopefully this rebound continues on into the afternoon.

0 Comments:

Post a Comment

<< Home


"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

fcpo.blogspot.com


From Dragons and Bulls by Stanley Kroll
Introduction 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
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
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system