FBMKLCI may test 50% retracement

just want to try my technical knowledge

Prediction .. he he

2010

using 2008 same fibo retracement :D

2008

1st week drop from highest 1536    
2nd week lowest 1296

From the star - fkli

Closed contract & open new long contract v.6

signal: RSI oversold, stochastic oversold already

panic sell b'coz force selling time arround 4pm

gain 11.5points (1256-1244.5)

new position, long 1244.5

Crude oil outlook

crude oil outlook - may touch USD89

CPO also can go higher

Uptrend outlook

BN win Sg Bagan election.

DJ up  78 last friday. DJ futures up 10.

Charting above look good.

Still keep my long position

Based on news in Bloomberg website, i hold my long position.
Federal Reserve Chairman Ben S. Bernanke said the central bank will be prepared to tighten monetary policy when the outlook for the economy “has improved sufficiently.” sources

Big loss .. Argghhhhhhhhhhh!!

Yesterday i out for marketing at 4.50pm ... when i come back to office arround 6pm, market shoot up!
i should set my stop loss, for example 10 points. (1239.5) .... hmmm.. still not closed my 4th position.. i'll look at my charting later to decide.

Listen to your Guru

My Guru said do not against market, we must follow market ( or use technical chart )..
Now i feel happy with parabolic indicator & MACD      = )

Wrong decision i made

Emotion factor exist when i make a decision to close earlier contract.. besides i'm using 5minutes charting, where the signal may not usable during uptrend market.  now futures market for DJ up 77 points. ( i'll decide later)

Overnight position based on uptrend outlook

Overnight position because : Most European stocks advanced, with basic-resource producers climbing as gold rose to a record for a second day. U.S. futures rose before Alcoa Inc. kicks off the earnings reporting season and Asian shares climbed. (sources)