US Economy Is Pushing Up Again?

Wednesday - 22nd October 2008
8.35 a.m. - Malaysian Time
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The CPO ( Crude Palm Oil ) futures for January contract open at 1695 and closed at 1652 yesterday ( My standard openings for almost everyday). The highest was at 1714 and the lowest was at 1639.

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Within 6 minutes after opening, the market kept mingling between the levels 1690 and 1705. At about 10.37 a.m., the market shot up to the highest of the day at 1714 and then moved down constantly to the lowest of the day before settling at 1652.

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If you refer to my forecast yesterday ( see #1), the market's movement was in a 'gentle' way and it clearly showed that there was no false alarm. ( well, you have to have this skill to recognise the false alarm). Had you put a short at 1707 ( 12 points above the opening point, see # 1), you would have made at least 20 to 30 points.The maximum you could have made would be about 65 points. Was it possible to achieve this 65 points? I don't know you figure it yourself.

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As for trendlines, there was a clear pattern of 3 bottoms but the occurence was at about 5.30 p.m., so it was quite late to exercise any day trade activity.

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Today

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As usual, no forecast for today and also for next week. My forecast would be back again on the week after next week.

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Have a nice trading day today and smile always.

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Rainy Days in KL - Especially in The evening

Tuesday - 21st October 2008
8.58 a.m. - Malaysian Time
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The CPO ( Crude Palm Oil ) futures for January contract open at 1699 and closed at 1677 yesterday. The highest was at 1727 and the lowest was at 1660.

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If you look at the last 3 decending black bars ( from Tuesday to Thursday last week ) you should realise that these bars had the potentiallity of the 'swing strategy' to be applied upon but it did not happen. Do you know why? I think I better not answer that, you can figure it out yourself, can't you?

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Today

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In the long run, the market is still bearish, so is the very very short term;

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1) If the market opens between 1670 to 1717. Sell after the market has moved up 12 points above the opening level. Be careful of the false alarm, etc. If the market manages to beat up the level between 1727 to 1735, the market may move further up especially if it opens more towards to these levels. If see any profits, just lock them up! If the market manages to beat down the levels between 1654 to 1660, the market may go further down especially if it opens more towards to these levels.

2) If the market opens between 1717 to 1727. Buy after the market has beaten the levels between 1727 to 1735. See bold letters as at #1.

3) If the market opens between 1660 to 1670. Sell after the market has passed down the levels between 1653 to 1660.

4) If the market opens betweeen 1637 to 1660. Sell after the market has moved up a bit and then falls 5 points below the opening point.

5) If the market opens between 1727 to 1750. Buy after the market has moved down a bit and then moves up 5 points above the opening level.

6) If the market opens other than the above, it is up to you, I think I am going to sleep!

7) Also look for trendlines such as 3 tops/bottoms etc...., if you like.

8) Please refer to # 9 ( Thursday's Tips dated 26th June)

9) Also refer to #9 and #10 ( Tuesday's Tips dated 1st July )

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That's about it. If not sure , do contact your broker, never to contact your ice- cream man or else he would have been an ice cream guy!

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Have a nice trading!

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Bad or Good News? - Prime Minister Is To Resign This March

Thursday - 9th October 2008
8.25 a.m. - Malaysian Time
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The CPO ( crude palm oil ) futures for December contract open at 1880 and closed at 1775 yesterday. The highest was at 1897 and the lowest was at 1755. It was a black bar.

The market open at 10.30 a.m. and immediately it fell to 1860 at 10.31 a.m. At 10.34 a.m., the market fell further to 1850 and then started to climb up back again to 1862 at about 10.40 a.m.The market then moved up further to the highest of the day before settling at 1885 before lunch.After lunch, the market continued its downwards movement and finally settled at 1775. This has clearly shown that the fall of the market, just after opening, was not a false alarm due to its steadiness in the price movement and the time taken. If you look at my forecast yesterday ( # 1 and # 2), you would be at the cross road here ; either to follow the # 1 forecast or the # 2 forecast.

If you were to follow the # 1 ( long at ,say, 1867 with 20 points stop loss), you would probably have made about 20 to 29 points of profit. If you were to follow the # 2 forecast, you would have just remainded the same because the market did not even touch the 1898 level.

The market also managed to fall further after the level between 1800 to 1806 ( see # 1) had been able to be broken through.

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Today

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As usual, no forecast for today. Those who have been following my blog, may probably have the idea of how to enter the market.

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Have a nice trading day.

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World Share Market Uncertainty - CPO?

Wednesday - 8th Oct 2008
9.50 a.m. - Malaysian Time
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The CPO ( crude palm oil ) futures for December contract open at 1820 and closed at 1850. The highest was at 1892 and the lowest was at 1801.

The market open not within the forecasted levels but it managed to beat up the level between 1885 to 1890. Any way the market did not go up further after breaching these levels probably because it did not open within the stipulated forecast or may be because the market open a little below than the middle of yesterday's bar.

There was quite a clear pattern of 3 tops trendline which occurred at about 4.10 p.m. at 1860. The market retraced further to 1811 before rebounded back to settle at 1850. If you are not familiar with this trendline, just stay far away.

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Today

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In short term, the market is still bearish but the very very short term is now bullish. My forecast ;

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1) If the market opens between 1822 to 1880. Buy after the market has fallen about 13 points after opening. As usual, be careful of the false alarm. Stop loss of about 10 to 20 points. If the market manages to pass down the level between 1800 to 1806, the market may go down further especially if the market opens more towards the lower part of the 1822 to 1880 range. Make sure your 13 points down after opening does not break these levels. If it opens at this point, just stay away for a while.On the other hand, the market may go further up if the level between 1898 to 1905 are broken especially if the market opens more towards the upper end of the 1822 to 1880 levels.

2) If the market opens between 1880 to 1892. Buy after the market has passed up the level between 1898 to 1905, the market may go further up and a white may be formed today or at least in the early part of the trading day.

3) If the market opens between 1891 to 1821. Sell after the market has passed down the levels between 1800 to 1806.

4) If the market opens between 1892 to 1918. Buy after the market has fallen a bit and passed up 5 points above the opening level.

5) If the market opens between 1865 to 1890. Sell after the market has moved up a bit and then retraced down 5 points below the opening point.

6) If you are familiar with trendlines, look for 3 tops/bottoms etc. If not, just forget it

7) Please refer to # 9 ( Thursday's Tip dated 26th June )

8) Also refer to # 9 and # 10 ( Tuesday's Tips dated 1st July )

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That's about it. I got to be hurry, the market is about to open!!!!!
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Enjoy your trading moment!!!!
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Crude Oil Continued Dropping - CPO?

Tuesday - 7th October 2008
8.50 a.m. - Malaysian Time
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The CPO ( crude palm oil ) futures for December contract open at 1850 and closed at 1820. The highest was at 1880 and the lowest was at 1775.It was a black bar yesterday.

Since the market open not within the forecasted levels, so there are nothing to comment today. Anyway, there was a pattern of 3 bottoms which occurred just after the lunch break but the pattern was not that very " clear".

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Today

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In brief, the market in short term is still bearish, so is the very very short term. The forecast for today is as follows ;

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1) If the market opens between 1840 to 1857. Buy after the market has passed the level between 1862 to 1868. Do not forget your stop loss.If the market manages to beat the level between 1885 to 1890, the market may go up further. If you spot any profits, just lock them up, the market may go against you.

2) If the market opens between 1775 to 1790. Sell after the market has passed down the level between 1763 to 1770. Again your stop loss.The market may retrace further if these levels are broken, if you see any profits, just lock them up.

3) If the market opens between 1861 to 1880. Buy after the market has dropped a bit and then moved up 5 points above the opening level.See the bold letters as at # 1 above.

4) If the market opens between 1750 to 1770. Sell after the market has moved up a bit and then falls passing down 5 points below the opening point.

5) Other than the above, it is your call, I am just blank!!

6) Also look for trendlines....

7) Please refer to # 9 ( Thursday's Tip dated 26th June )

8) Also refer to #9 and #10 ( Tuesday's Tips dated 1st July)

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That's it.

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Have a nice trading day!

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After A Week Off - Still Holiday Mood

Monday - 6th October 2008
10.15 a.m. - Malaysian Time
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The CPO ( crude palm oil) futures for December contract for the last week's performance ( last week the market open only for 3 days) showed a bearish black bar. If you refer to my forecast on 26th September, I did mention that ' if the level 2246 was broken down the market might move further down'. In fact on 27th September ( I also mentioned that it could also happen not on that particular day ) the market did break this level. Anyway, I did not mention the level to sell, it was more of a generalised forecast. If, say, had anybody out there placed a short here, he/she would have made a very very lucrative profits.As for me, I was already in my way to my vacation.

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Today

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In short term, the market is still bearish so is in the very very short term;

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1) If the market opens between 2003 to 1988. Buy after the market has passed the level between 2004 to 2011. Remember your stop loss

2) If the market opens between 1935 to 1950. Sell after the market has moved down passing the level between 1926 to 1930. Remember your stop loss.

3) If the market opens between 2004 to 2030. Buy after the market has dropped a bit and then moved up 5 points above the opening level.

4) If the market opens between between 1910 to 1934. Sell after the market has moved up a bit and then fallen 5 points below the opening level. Just be extra careful the market may go up again. If not sure just stay away.

5) Other than the above, it is yourcall, I have no idea.

6) Also you can look for trendlines such as 3 tops/ botoms...etc. If you are not familiar, just forget it!

7) Pleas refer to #9 ( Thursday Tips dated 26th June)

8) Also refer to # 9 and#0 ( Tuesday's Tips dated 1st July )

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That's about it! If not sure, refer to your broker but not politician!!!!

Have a nice trading day and smile always!!

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