tag:blogger.com,1999:blog-4164257101059436021.post7555983288977941243..comments2023-10-24T21:09:57.100+08:00Comments on my.trading.space: FKLI - Bearish Engulfing, Failed 1,678 Level (Dec 27)Anonymoushttp://www.blogger.com/profile/01799874121869920178noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4164257101059436021.post-80631934950183531142012-12-28T21:13:45.662+08:002012-12-28T21:13:45.662+08:00- Today (Dec 28) -
FKLI closed at 1,684.5, slight...- Today (Dec 28) -<br /><br />FKLI closed at 1,684.5, slightly over yesterday's bearish engulfing candle's high.<br /><br />Hence, erased yesterday's bearishness.<br />Plus, coming Monday will be the last trading day for 2012, watch out for window-dressing spike.<br /><br />I still maintain slight bearishness into early Jan'13.<br />Followed by mild bullishness for a CNY rally.<br />After CNY, uncertainties may haunt the market until GE announcement & dismiss of The Parliament.<br /><br /><br />Anonymoushttps://www.blogger.com/profile/01799874121869920178noreply@blogger.comtag:blogger.com,1999:blog-4164257101059436021.post-5122950683392165292012-12-28T13:58:48.090+08:002012-12-28T13:58:48.090+08:00Hi all.
It seems like there's some confusion ...Hi all.<br /><br />It seems like there's some confusion among readers regarding my posts.<br /><br />I'd like to make it clear that, <br />my analysis are mostly targeting short-term gyration in the market, over 1day to a couple of days. <br />The technical term for it would be 'Swing Trading'.<br /><br />If you are a positional trader, <br />u may be BULLISH Dec'12 through to Feb'13. With Mar'13 carrying GE-13 uncertainties. <br /><br />If you are a day trader, <br />u might have already shorted the FKLI when it could not breach the 1,684-85 resistance during the day (Dec 27) itself, even before it managed to close with slight bearishness. <br />You could have easily scooped a nice 6-8pts profit for the day. <br /><br />>>><br /><br />I usually analyze the bigger trend, over a few weeks or months, to gauge the general direction of the market. <br /><br />For FKLI, I'll do that at the end of each month. <br />To summarize price movement over the month & also to update the change of trend/sentiment, if any. <br /><br />Hence, unless otherwise stated, <br />my daily postings updates previous/the day's price movement, do TA, combining major macroeconomic data due for release, all that could potentially dictate the direction for the ensuing day(s). <br /><br />>>><br /><br />Hope this gives a clearer picture of my postings.<br /><br />I will work on categorizing my posts, bring in more educational stuff, & other items as suggested by some of my readers.<br />Thanks for their suggestions.<br /><br />For those who have not sound their ideas, please feel free to drop me an email at: kongliubi@gmail.com<br />Your comments is much appreciated. <br /><br />Thanks to all !! \(^o^)/Anonymoushttps://www.blogger.com/profile/01799874121869920178noreply@blogger.comtag:blogger.com,1999:blog-4164257101059436021.post-22011745932710088812012-12-27T18:50:40.131+08:002012-12-27T18:50:40.131+08:00I haven't see strong reversal signal on the un...I haven't see strong reversal signal on the underlying FBMKLCI yet.<br /><br />Hence, adopt a 'Monitot-&-Wait' approach is the best thing to do for ambitious SHORTies like me...LOL...:)Anonymoushttps://www.blogger.com/profile/01799874121869920178noreply@blogger.com