.. but the dow futures was down 60 points

One of the traders was lamenting the loss he took after cutting his short fkli position taken presumably dow futures was 'down 60 points'.

"when the market seems irrational, you are missing something..."

Serena in shock defeat to local hero | Tennis | Fox Sports

http://www.foxsports.com.au/tennis/majors/serena-williams-in-shock-first-round-loss-to-virginie-razzano-at-french-open-maria-sharapova-cruises/story-fn2msq5e-1226373199906

Song for those Long CPO kaki today

The Mood of the Markets, Bloomberg TV rewind.

Pulls back to the neckline of the H&S top....

Thomas Cup, China dominates

http://uk.eurosport.yahoo.com/27052012/58/london-2012-china-retain-thomas-cup-fifth-time.html

Silver Bird...

Parabolic move...

Technical Analysis

George Kleinman in the book, "The New Commodity Trading Guide" on price action & TA

Does it really work? My 30 years of trading experience says it does. Solid
technical analysis is perhaps the only tool that can give the individual trader a
decent chance against the professionals. You might not have the research
capabilities of the commercial firms, but you do have the luxury of moving
faster than the big commercial operators because your trading size will not affect
price significantly. You are not stuck trading just one market (which might not
be moving). You can relax in the comfort of your home or office and analyze
your charts.
Pure technicians believe that the most important factor in predicting the
markets is price action. They don't look at crop size, export data, trade imbal-
ances, or employment numbers. They don't care if it's raining in Brazil or if the
head of the European Central Bank just made a speech hinting at an interest rate
rise. Technicians primarily care about price action.
This is not to say that technicians don't believe fundamentals move the
markets. They concede this fact. A technician might know that soybean prices
are rising because drought is devastating the Brazilian crop, but he or she will
also tell you that price will signal when the diminished supply has finally been
rationed by diminished demand—and this could happen long before the
drought has broken

The technician believes that all the pertinent fundamental information,
perhaps hundreds of bits of data impossible for any mortal to assimilate, will be
reflected in price and price action. In essence, the price action will reflect the
consensus of the market players far better than the mainstream fundamental
information available to the public trader. With this in mind, let’s look at two
classic chart patterns that possess significant predictive qualities: the breakout
and the head and shoulders

Canadian Ryder Hesjedal wins Giro d'Italia. In the cycling world at least, there is no economic doomsday ie debt crisis...

Webber wins in Monaco | Fox Sports

http://www.foxsports.com.au/motor-sports/formula-one/red-bulls-aussie-formula-1-star-mark-webber-claims-a-flag-to-flag-victory-in-the-monaco-grand-prix/story-e6frf3zl-1226368777292

Vincent Kompany: No chance of Manchester City exit - ESPN Soccernet

http://soccernet.espn.go.com/news/story/_/id/1079817/vincent-kompany:-no-chance-of-manchester-city-exit?cc=4716

Stuff traders are made of?

Webber on pole in Monaco | Fox Sports

http://www.foxsports.com.au/motor-sports/formula-one/australian-mark-webber-benefits-from-michael-schumacher-indiscretion-and-will-start-monaco-gp-from-pole/story-e6frf3zl-1226367963243

You are only as good as your last trade

So goes the saying. Mega trading losses even happen to the best of the 'Experts', even super speculators like George Soros can experience humungus losses from one trade. As small speculators, you are different from these corporations. They are trading with OPM (Other People's Money) and their capital base is large to absorb these losses. All else fails then they can turn and ask for a bailout form the government.

Moral of the Story: Don't go for broke, lest you become a statistic...

The true statistics

Over a long period in history, the statistics show that 90% of speculators in the commodity markets ed up losing all their money...

Gas Malaysia IPO

With only 30.tm of 333 m offer shares, it will be worth trying to apply for the IPO. RM520,000 can go a long way to try to make some money where a number plate for RM520,000, in my opinion is just plain irrational overexuberance (Alan Greenspan)...

Queensland's Origin I report card | NRL, Rugby League, NRL Scores, NRL Ladder | Fox Sports

It was Queensland again last night in Origin 1.

http://www.foxsports.com.au/league/state-of-origin/we-run-the-rule-over-queenslands-performance-in-state-of-origin-i-against-new-south-wales/story-fn31yxah-1226365457155

The country should have been downgraded long time ago. Makes you wonder whether these agencies do what they do to move the markets... by creating 'worry'...

The Dark Side...

My fellow trader's recipe for tackling the markets. A good philosophy for trading success...

Uphill battle ahead for malaysia

http://thestar.com.my/sports/story.asp?file=/2012/5/23/sports/11343528&sec=sports

Facebook What are the conclusions?

Facebook dropped 11% on 2nd day of trading.

 

Stock is overpriced

Owners/Morgan stanley are akin to conmen

Overexuberance and Greed

 

...but then all will be forgotten if the stocks does a Google or CME Group and goes to $100 per share...

HOLP pattern...

Super Swans pile on the points | AFL | Fox Sports

http://www.foxsports.com.au/afl/afl-premiership/sydney-swans-pile-on-the-points-at-the-scg-as-hapless-melbourne-crash-to-yet-another-defeat/story-e6frf3e3-1226361051731

Report: Bayern Munich v Chelsea - UEFA Champions League - ESPN Soccernet

http://soccernet.espn.go.com/report?id=341104&cc=4716

Report: Blackpool v West Ham United - English League Championship - ESPN Soccernet

http://soccernet.espn.go.com/report?id=341655&cc=4716

Facebook's Trading Debut and Outlook: Own Words: Video - Bloomberg

http://www.bloomberg.com/video/93026617/

World No. 1 Wei must beat Lin Dan for M'sia to upset China

http://thestar.com.my/sports/story.asp?file=%2F2012%2F5%2F19%2Fsports%2F11314626&sec=sports&utm_source=dlvr.it&utm_medium=twitter

fkli.blogspot.com

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