KLCI -How long can it hold on?

KLCI stubbornly hold on. Expect it to crack soon.

KLCI- Next Move

If the symmetrical formation continues to hold, then the next leg will be down as indicated by the arrows. Based on other indicators, this is likely to happen unless with the support of invisible hands.

KLCI- Continue with the symmetrical formation

In the process of forming the symmetrical formation. Take a look on your left as indicated by the arrow and the right by the green arrow. Don't you see a similar pattern? Be careful of what is coming next.

KLCI and FKLI -Bear will not allow Bull to takeover yet.

If you think that Bear will allow the Bull to push it aside so easily, you better think again. The signals indicate that Bear will not allow the Bull to takeover yet.

KLCI - retracement to Fib 23.6%?

You could be looking at a Fibo retracement of 23.6% or around there, if without the help of invisible hands. Afterall, confirmation of the Bear has been established with price dropping below 100MA. I would think the Bull will give it a tough fight at Fib 23.6% because it is also the point of 200 MA. It will not be a straight dive though, but with waves along the way. So be careful.

KLCI-Fell into Bear's territory for the short-term.

The Bear has claimed victory over Bull with MACD falling into Bear's territory. Confirmation will come with price falling below 100 MA.

KCLI- not out of the wood yet

Not out of the wood yet. Wait for MACD to move above its mid-point or it moved above its 50 MA. Otherwise it might be a tech rebounce.

60 min chart has yet to give confirmation that it is out of the wood.

KLCI- Critical support point

Critical support point.

KLCI - Bear may not be done yet

Take note of the support line and also the formation of the other side. The Bear may not have given up yet.

FKLI - Bear showed its strength.

Bear wacked the Bull all the way down and resting exactly on Fib 161.8%.

FKLI and KCLI -Bear knocked Bull

With so many confirmations no wonder the Bear hit the Bull hard to push it down. Any attempt by the Bull to get up will be fought hard by the Bear, unless with the help of invisible hand.

FKLI and KLCI -25-1-10 Bull refused to give up to Bear.

Bull stubbornly refused to let MACD to move down to give way to the Bear. Let see how stubborn this bull can get. So better let these two fight it out and see who is the winner before moving in.

FCPO-22-1-10 Failed to follow up with a candlestick formation.

Candlestick failed to follow up with a candlestick formation to confirm a buy call. So the wisdom that candlestick pattern should be supported with other indicators is a wise one (refer to my previous posting). The price is resting around Fib 38.2%. It is better to wait for the market to show its direction as it is showing its indecisiveness.

FKLI and KCLI - 22-1-10

Wait for confirmation of retracement with the crossing of MACD and Stoc as per red arrow. First support at around 1285 and critical support at around 1272.


Confirmation of retracement with the crossing of the MACD. Support at around 1288.


Bear in mind that divergence was noted on 18-1-10 in my earlier posting and retracement is forthcoming.

FCPO -Candlestick call for a buy?

If you are a follower of candlestick, it shows a buy signal, right? Well, they said it is better to back candlestick with other indicators. So for those conservative, you might want to wait for the price to cross the 50 MA or MACD to move up.

FCPO-20-1-10 mid-day: Failed to give confirmation.

Seem that it failed to pass the confirmation test to maintain its breakout of the down channel. Look likely will be heading to Fib 50% as per the daily chart as posted earlier, or it will make an attempt this afternoon? Whatever, only the breaking of the bollinger band movement will convince me, and not otherwise.

FCPO-19-1-10 Mid-day breaking out of channel

Broke out of the down channel. Change of the short-term downtrend? I would wait for the it to break out of the bollinger band to have a better confirmation. Some aggresive ones might go for the break of the channel but different people have different risk tolerance.

FKLI and KLCI - Divergence and retracement forthcoming

Do you see the divergence both in FKLI and KLCI? As the price moves higher, the MACD moves lower. The big retracement may be forthcoming and the Fib would provide the degree of the retracement.

FCPO-15-1-10.

On 15-1-10, it has reached the point as predicted back then on 12-1-10. Now it is sitting on Fib 38% and bollinger band, supported with a 50 moving average. This is a significant support point. If it breaks this point and maintain broken at the end of the trading day, we would likely to see it moving towards Fib 50% or near there.

FKLI and KLCI - Beware of the symmetrical formation

Beware of the symmetrical formation. If the resistance is not broken with significant upward movement, be careful of a symmetrical formation with a similar retracement, this is bearing in mind that it is already in a overbought position.