Wonderful Day - Louis Armstrong

Friday - 27th February 2009

8.45 a.m. - Malaysian Time

The crude palm oil ( CPO ) futures for May contract open at 1930 and closed at 1890 yesterday. The highest was at 1930 and the lowest was at 1882. It was a black bar.

The market open within the forecasted level but not the direction and movement of the market. So, again, no further analysis is to be made today.

Today

In long run, the market is still bullish but in the very short run, the market is now in the uncertainty situation. My forecast for today ;

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1) If the market opens between 1882 to 1904:

~~~~Sell after the market has passed down the levels between 1872 to 1877. Any profits, just lock them up!

~~~~Buy after the market has moved up passing the levels between 1908 to 1912. Any profits, just lock them up!

2) If the market opens between 1857 to 1877. Sell after the market has moved up a bit and then falls down passing 5 points below the opening level.

3) If the market opens between 1908 to 1930. Buy after the market has retraced a bit and then moves up 5 points passing the opening level.

4) If the market opens between 1935 to 1945. The market may go up further and a white bar may be formed today or at least in the early part of the trading day. ( Buy after the market has retraced a bit and then moves up 5 points above the opening level).

5) If the market opens other than the above forecasted levels, it is just simply your call!

6) Please refer to #6 ( 12th January's posting )

If you are not sure, just contact your dealer but not your lawyer....

Do you know what the former Prime Minister of Malaysia, Dr. Mahathir, has said about the Jews? He said. "................. ( Well, may be next time)

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Have a nice trading day, guys! God bless you all.

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Time To Go Up Now?

Thursday - 26th February 2009
9.05 a.m. - Malaysian Time

The CPO ( crude palm oil ) for May contract open at 1890 and closed at 1894 yesterday. The highest was at 1912 and the lowest was at 1881. The market ended a white bar.

Since the market open not within the speculated levels for the past 2 days, no further analysis of the market is to be made.

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Today

It seems that the market has already shown a little bit of an "up breakaway", the chances of the market to move further up is quite encouraging. Any way,the market direction, I think, will depend on the opening of the market today;

1) If the market opens between 1889 to 1912 :

~~~~~~1.1 Buy after the market has moved up passing the levels between 1916 to 1921.

~~~~~~1.2 Sell after the market has retraced and passing down the levels between 1876 to 1884.If the market manages to beat down the levels between 1869 to 1874, the market may fall further.

2) If the market opens between 1920 to 1937. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.

3) If the market opens between 1864 to 1874. Sell after the market has moved up a bit and then falls 5 points below the opening level. Any profits here, just lock them up.

4) If the market opens between 1875 to 1888. Sell after the market has retraced passing down the levels between 1867 to 1871. Any profits, just lock them up!

5) If the market opens other than the above, it is up to you.

6) Please refer to yesterday's forecast ( see #7 )

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That's about it. If you are not sure... I do not know what to say today.

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Some religious groups believe that only people of their own religion would go to the heaven. What about others .....? Others....? Others can go to hell!

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Have a nice trading day, guys!

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Wednesday - 25th February 2009
8.30 a.m. - Malaysian Time

The CPO ( crude Palm oil ) futures for May contract open at 1859 and closed at 1871 yesterday. The highest was at 1878 and the lowest was at 1828. The market ended a white bar.

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Yesterday's market opening was not within the forecasted levels, so no further analysis is to be done today

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Today

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If you look at the chart, the market is still in the sideline phase which means that you should be buying where you are supposed to sell and vice versa. Anyway, in the long run the market is still bearish but in the very very short term, the market is slightly bullish;

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1) If the market opens between 1868 to 1878. Buy after the market has moved up passing the levels between 1882 to 1887.

2) If the market opens between 1844 to 1854. Sell after the market has retraced passing down the levels between 1835 to 1840.

3) If the market opens between 1855 to 1867. Buy after the market has retraced 6 points from the opening level. Be careful of the false alarm ( false fall ) and do not forget your stop loss.

4) If the market opens above 1901. The market may go further up especially if it moves up in a fast and in a steep gradient immediately after opening.

5) If the market opens below 1819. The market may go down especially if it retraces in a fast and in a steep gradient immediately after opening.

6) If the market opens other than the above, it is your call. I have no idea.

7) Please refer to # 6 ( 12th January's posting)

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If you are not sure, do contact your dealer but not Shylock - The Jewish money lender in The Merchant of Venice by William Shakespeare.

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Have a nice trading day!!!

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Sideline Phase

Tuesday - 24th February 2009
8.30 a.m. - Malaysian Time
8.45 a.m. - a little bit of updating

For the past 4 trading days ( last 4 bars as in the chart ), the market has been linggering between the levels 1830 to 1895. In normal circumtances, the market is said to be in the sideline phase ( please refer to my previous postings - sorry, I cannot remember where ). In this situation, one should be in the position to sell where he is supposed to buy and vice versa.

Today

In long term, the market is bearish and in the very very short term, the market, as I pointed earlier, is in the sideline. My forecast, in brief, for today would be as follows;

1) If the market opens between 1882 to 1892. Buy after the market has passed up the levels between 1896 to 1900. Any profits, just lock them up quickly as the market may fall .
2) If the market opens between 1861 to 1871. Sell after the market has passed down the levels between 1852 to 1857. If these levels are broken, the market may fall further.
3) If the market opens above 1901. (The market may go further up especially if the market moves up in a very fast and steep gradient immediately after opening). Buy after the market has fallen a bit and then moves up 5 points above the opening level.
4) If the market opens below 1819. ( The market may fall further especially if the market moves down in a fast and in a steep gradient immediately after opening ). Sell after the market has moved up a bit and then retraces passing down 5 points below the opening level.
5) If the market opens other than the above, it is just your call. If you feel like entering the market, just do it, man. If not, just stay away or may be do something that is useful, do not waste your time. Time is gold ( no wonder gold is expensive nowadays).
6) Please refer to # 6 ( 12th January's posting )
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That's about it. If you are not sure, just contact your broker/dealer, never to contact your banks. They are loosing money everyday now !
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P/s Israel is planning to annex 1200 hectres of land in Gaza for its housing development. They say the land belongs to them 3,000 years ago. Can you really beleive that? Well, USA belong to the Red Indians 300 years ago. New Zealand belong to the Maori 250 years ago. Can they claim that in this century?
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Have a nice trading day, guys!!!
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CPO Has Touched 2000 level

Monday - 16th Feb 2009

8.30 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for April's contract open at 1937 and closed at 1995 last Friday. The highest was at 2000 and the lowest was at 1931. The market ended a white bar.

The market open at 1937, immediately moved up to 1942 within seconds and fell to 1931, the lowest of the day, at about 10.33 a.m. ( see graph as enclosed ). It then moved further up and linggered between 1941 to 1948 from 10.33 a.m. to about 10.38 a.m. The market then shot up to 1965 before settling at 1960 before lunch.

After lunch, the market open at 1960 and moved further up to touch at 2000 level before settling at 1995 just before the closing time ( 6.30 p.m. ) of the day.

If you refer to my forecast on last Friday morning ( see # 2 - Buy after the market has moved up beating the levels between 1942 to 1945) and had placed a buy position, say at 1942 or 1945, either at 10.31 a.m. ( which was quite unlikely ) or between 10.33 a.m to 10.37 a.m., you would have been able to make profits, at least, from 20 to 50 points. The market also did go further up after the levels between 1949 to 1954 were broken ( see # 2 as well )

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Today

Will the market continue its upwards direction today?

The active month for CPO May's contract will start today.

Ok guys, that's about it.

P/S Somebody asked me about Mel Gibson. Well, he hates Jews !

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Have a nice trading day!

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Friday The 13th

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Friday - 13th Feb 2009

9.30 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for April's contract open at 1915 and closed at 1928 yesterday. The highest was at 1945 and the lowest was at 1907. It was a white bar.

The market open at 1915, moved up a bit and immediately fell to 1910 ( see the graph as enclosed ). By 10.31 a.m., the market moved up again to 1915 . By 10.32 a.m., it landed at 1920. From 10.33 a.m. to 10.35 a.m., the market was linggering between 1913 to 1922.

If you refer to my forecast ( see # 5) yesterday, it indicates that a sell was preferred here and that was what I did . I put a sell at 1920 but insteads the market went against me, so I had to buy-loss at 1935. So, that was it guys, can't win them all!!!!

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Today

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In the long run, the market is still bullish but the very very short run, it is bearish now. The forecast for day trading today is as follows;

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1) If the market opens between 1907 to 1917. Sell after the market has fallen down beating the level between 1899 to 1904. Any profits, just lock them up.

2) If the market opens between 1928 to 1938. Buy after the market has moved up beating the levels between 1942 to 1945. The market may go up further if the levels between 1949 to 1954 are broken.

3) If the market opens between 1942 to 1963. Buy after the market has fallen a bit and then moves up 5 points above the opening level. If the market is to beat up the level between 1949 to 1954, the market may go further up ( applicable if the market opens between 1942 to 1948 ).

4) If the market opens between 1882 to 1903. Sell after the market has moved up a bit and then falls 5 points below the opening level.

5) If the market opens other than the above, it is your call.

6) Please refer to #6, 12th January 2009.

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That's about it. If you are not sure, it is your call again.

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P/s I am a big fan of Mel Gibson. I think you know why!

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Have a nice trading day guys!!!!

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Time To Short ?

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Thursday - 12th February 2009
8.30 a.m. - Malaysian Time
9.00 a.m. - A little bit of updating


The CPO ( crude palm oil ) futures for April's contract open at 1940 and closed at 1925 yesterday. The highest was at 1967 and the lowest was at 1916. It was a black bar ( or rather a blue bar ).

If you look at the chart, the market has been moving upwards for the past six days except for yesterday. Does this indicate that the market will be a black ( or rather blue ) bar today? Will the swing strategy be operational ? ( see my previous postings on swing strategy )

Today

In the long run , the market is said to be bullish but the very very short run, the market is now in the bearish situation. My forecast for today ;

1) If the market opens between 1926 to 1951. Sell after the market
has moved up 8 points from the opening level. If the market beats down the level between 1908 to 1915,the market will go down further especially if the the market opens more towards the lower part of the 1926 to 1951 levels. If the market manages to beat up the levels between 1965 to 1969, the market may go up further especially if the market opens more towards the upper level of the 1926 to 1951 levels. If you make any profits, just lock them up.
2) If the market opens between 1952 to 1961. Buy after the market has moved up and beats the level between 1965 to 1969. Any profits , just lock them up.
3) If the market opens between 1916 to 1925. Sell after the market has moved down beating the levels between 1908 to 1915.
4) If the market opens between 1973 to 1987. Buy after the market has fallen a bit and then moves up 5 points above the opening level.
5) If the market opens between 1890 to 1915. Sell after the market has moved up a bit and then moved down beating 5 points below the opening level.
6) If the market opens other than the above, it is your call. You can do whatever you like.
7) Trendlines.....any one ?
8) Please refer to #6, 12th January's posting.


That's about it. Please be informed that there are many other strategies that can be used in this market but the strategy shown above is one of them.

As usual, if you are not sure, do contact your broker/dealer or may be you can contact Tzipi Livni or Benjamin Netanyahu for more information. Do you think these species will help you?

Have a nice trading day, guys.

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Right Time To Long In CPO Futures?

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Wednesday - 4th February 2009
8.30 a.m. - Malaysian Time

Due to some technical problems with my computer especially after lunch, I was not able to give you the precise market performance on yesterday's CPO futures market. From what I know is that the market open at 1762 and closed at 1788.

The market open at 1762 and within minutes the market fell to the lowest of the morning session at 1741 and then moved up to 1774 before settling at 1762 again before lunch. If you look carefully at the market movement yesterday, the fast fall to 1741 could also indicate a false alarm ( sorry , no graph at this time ), anyway the market started to move up to a certain level ( ? ) and linggered there for quite a time. This showed that the fall was not really a false alarm. So, had you put a buy here - roughly at 1755 ( see # 1 on yesterday's forecast - 7 points below the opening hour ) you could have made some profits just before lunch break.

So, have a nice trading day, guys

P/s. What about the Israelis ? .......yak .....%$#^#@!

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Market Has Broken Level 1750, Will It Go Further Down?

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Tuesday - 3rd February 2009

9.00 a.m. - Malaysia Time

Last Friday, the market for CPO ( crude palm oil ) closed higher while the soya bean's futures were traded low at CBOT. Yesterday the market was closed because it was a public holiday. So where is the direction for today's market?

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Today

In the long run, the market is still bearish but in the very very short run, the market is bullish, so the forecast for today is something like this;

1) If the market opens between 1748 to 1769. Buy after the market has dropped 7 points from the opening level. As usual, just be careful about the false alarm and do not forget your stop loss.

2) If the market opens between 1770 to 1779. Buy after the market has moved up between 1783 to 1788.

3) If the market opens between 1738 to 1747. Sell after the market has beaten down the levels between 173o 1734. The market may fall further if the level between 1712to 1716 are broken down and a black bar may be formed today.

4) If the market opens between 1715 to 1737. Sell after the market has moved up a bit and then falls 5 points below the opening level.

5) If the market opens between 1780 to 1803. Buy after the market has dropped a bit and then moves up 5 points passing the opening level. Any profits, just lock them up!

6) If the market opens other than the above, it is your call. You can do whatever you like!!!!Trade , go out, watching tv or just like what I have mentioned ....whatever.

7) Also look for trendlines.......

8) Please refer to 12th January's post ( see # 6 )

Ok, that's about it. If you are not sure, just contact your dealer/broker or may be you can contact the President of United States, Ehud Olmert. ( Who is Barrack Obama, anyway! )

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Have a nice trading day, guys......

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