Monday - 25 Feb 2008
9.45 a.m.
The market on Friday open at 3677 ( May's contract ) and closed at 3698. The highest was at 3720 and the lowest was at 3660.
The market open not within the ranged that I have suggested instead it open under 3690 and within minutes it retraced to the level below 3662. I did mention that the market would go further down had this level been broken but this did not materialise.After reaching this level, the market started to climb to the highest level ever recorded. This indicates that, if the market today ( Monday ) is not able to to proceed further up, it would mean that the market will be in a consolidation phase.There was also no clear formation of trendlines that could be noticed.
Today
As for today, I would prefer to say that the market is still in the bullish stand. Any way if the market ends up in a small black bar or just small white bar , I would say the market will be in the cosolidation period. Just beware , if the market opens below 3689 and later passes down the 3672 or open at any point and later moves to pass down the 3672 level, it may lead to a further low. If not, as I said earlier , it may lead to indecision situation. If the market opens above 3704 and beats 3722 , it may lead to a further high. As for me ,I beg to decline to forecaste anything today except I would rather look at clear formation of trendlines such as head and shoulder, 3 tops etc.
Monday, February 25, 2008
Thursday, February 21, 2008
Forecast for Friday
Thursday - 21 Feb 2008
11.45 p.m. - Malaysia time zone
Today the market open at 3685 and closed higher at 3702. The highest ( highest in the history again ) was at 3708 and the lowest was at 3668.Due to some technical problems yesterday, I was not able to forecast on today's market .
What about tomorrow ( Friday )
Tomorrow will be the last day for the week. In short term, I believe the market is still bullish, so I expect tomorrow will also be bullish, at least in the early part of the trading;
1) Take position only if the market opens between 3690 to 3735. If the market opens within this range, wait until the market falls to the level between 5 to 11 points then only a buy position could be placed here. Make sure to put a stop loss between 10 to 15 points after a long position has been established. After opening , if the market goes downwards in a very fast way, just be extra careful before placing the buy position.Wait untill the market consolidates then only a buy position could be taken.
2) If the market opens below 3690 and starts to retrace passing down between 3680 to 3676, the market may go down further. If the market retraces further to go below 3662, the probability of black bar tomorrow is quite great.
3) If the market opens below 3676, look to sell especially if it beats down the level 3662
4) If the market opens above 3775, the market could be a black bar tomorrow.
5) If no position is to be taken after opening, look for a clear trendlines such as head and shoulder, 2 Tops, 3 Tops etc
6) As usual, this is only my forecast , if you have any doubt, contact your broker
11.45 p.m. - Malaysia time zone
Today the market open at 3685 and closed higher at 3702. The highest ( highest in the history again ) was at 3708 and the lowest was at 3668.Due to some technical problems yesterday, I was not able to forecast on today's market .
What about tomorrow ( Friday )
Tomorrow will be the last day for the week. In short term, I believe the market is still bullish, so I expect tomorrow will also be bullish, at least in the early part of the trading;
1) Take position only if the market opens between 3690 to 3735. If the market opens within this range, wait until the market falls to the level between 5 to 11 points then only a buy position could be placed here. Make sure to put a stop loss between 10 to 15 points after a long position has been established. After opening , if the market goes downwards in a very fast way, just be extra careful before placing the buy position.Wait untill the market consolidates then only a buy position could be taken.
2) If the market opens below 3690 and starts to retrace passing down between 3680 to 3676, the market may go down further. If the market retraces further to go below 3662, the probability of black bar tomorrow is quite great.
3) If the market opens below 3676, look to sell especially if it beats down the level 3662
4) If the market opens above 3775, the market could be a black bar tomorrow.
5) If no position is to be taken after opening, look for a clear trendlines such as head and shoulder, 2 Tops, 3 Tops etc
6) As usual, this is only my forecast , if you have any doubt, contact your broker
Thursday - 21 Feb 2008
Thusrday - 21 Feb 2008
9.00 a.m.
Sorry, there is something wrong with my computer connection, my postings on today's market forecast did not go through.
9.00 a.m.
Sorry, there is something wrong with my computer connection, my postings on today's market forecast did not go through.
Tuesday, February 19, 2008
Wednesday - 20 Feb 2008
19 Feb 2008
9.55 p.m. - Malaysia time zone
Edited at 8.30 a.m.- 20 Feb 2008
The market today open at 3588 and closed at 3625. The highest was at 3646 and lowest was at 3555. It seemed that today is the highest points ever recorded.It also seems that the market is breaking a new record almost everyday.
The market today open within the body of yesterday black's bar. In normal circuntances, if this situation occurs , it indicates the market will be a white bar.After 8 minutes of opening the market went down reaching more than 12 points as forecasted by me yesterday ( I forecasted between 12 to 20 points ).Today I managed to put a buy at 3567 but because my stop loss was only at 10 points after my buying position, I made a loss today! Those who had bought at this level but had put 15 points stop loss should have made quite a handsome profits!
There was also a pattern of inverted head and shoulder; the shoulder was at 10.38 a.m., the head was at 10.46 a.m. and another shoulder which was not in a clear pattern either at 11.00 a.m. or at 11.30 a.m. It was quite a gamble should this position had been taken ( long position ) as it proved later that the market started to climb to the highest points ever recorded.
Tomorrtow?
I would still prefer to say that the market is still "bullish" but if the market opens at any point tomorrow ,especially if it opens below 3525, and later starts to retrace down between 3615 to 3610 and downwards , the market may be retracing further down, look for a signal to sell by using trendlines which you are familiar with! If the market opens above 3527 and above, it could go further up and a new record high would be in the making.
This is only my forecast, I may be wrong again just like today. If you are in doubt , just contact your broker.
Have a nice day!
9.55 p.m. - Malaysia time zone
Edited at 8.30 a.m.- 20 Feb 2008
The market today open at 3588 and closed at 3625. The highest was at 3646 and lowest was at 3555. It seemed that today is the highest points ever recorded.It also seems that the market is breaking a new record almost everyday.
The market today open within the body of yesterday black's bar. In normal circuntances, if this situation occurs , it indicates the market will be a white bar.After 8 minutes of opening the market went down reaching more than 12 points as forecasted by me yesterday ( I forecasted between 12 to 20 points ).Today I managed to put a buy at 3567 but because my stop loss was only at 10 points after my buying position, I made a loss today! Those who had bought at this level but had put 15 points stop loss should have made quite a handsome profits!
There was also a pattern of inverted head and shoulder; the shoulder was at 10.38 a.m., the head was at 10.46 a.m. and another shoulder which was not in a clear pattern either at 11.00 a.m. or at 11.30 a.m. It was quite a gamble should this position had been taken ( long position ) as it proved later that the market started to climb to the highest points ever recorded.
Tomorrtow?
I would still prefer to say that the market is still "bullish" but if the market opens at any point tomorrow ,especially if it opens below 3525, and later starts to retrace down between 3615 to 3610 and downwards , the market may be retracing further down, look for a signal to sell by using trendlines which you are familiar with! If the market opens above 3527 and above, it could go further up and a new record high would be in the making.
This is only my forecast, I may be wrong again just like today. If you are in doubt , just contact your broker.
Have a nice day!
Monday, February 18, 2008
What's on on Tuesday
18 Feb 2008
11.55 p.m. - Malaysia Time Zone
Today the market open at 3508 ( May contract ) and closed at 3599. The highest was at 3600 and the lowest was at 3508.
I have no comment on that.
As for Tuesday, I would like to say that the market is still in bulish sentiment. As I said earlier on , my strategy focuses more on the early part of the opening rather than closing. So if the market tomorrow is to close a black bar, it would make no different to the strategy;
1) Take position only if the market opens between 3534 to 3627
2) If the market does not open within these points or no position is to be taken even if the market opens within these points, then , during the trading, look for a clear formation of the trendlines which are familiar to you.
1.1) If the market opens between 3534 to 3627, put a buy position when the market retraces to a level of 12 to 20 points from the opening. If the market moves down at a very fast rate, just be very careful.It may make you to buy at the wrong position and probably you might have to execute your stop loss position ( In this case, experience plays an important part here )
1.1) If the market opens above 3627 , the market may retrace down. If not sure what to do next , just stay out of the market.
1.2) If the market opens below 3534 and later starts to move and passing down the points between 3522 to 3517, it may lead to a further fall in the futures's prices. If the market opens at any point between 3534 to 3627 , especially if it is near to the lower end, and then starts to decend down between 3522 to 3517 and below, the market may decend further down.
As I mentioned earlier, this is only a forecast, I could be wrong and I have been wrong for quite a number of times. If you have any doubt, please consult your broker.
11.55 p.m. - Malaysia Time Zone
Today the market open at 3508 ( May contract ) and closed at 3599. The highest was at 3600 and the lowest was at 3508.
I have no comment on that.
As for Tuesday, I would like to say that the market is still in bulish sentiment. As I said earlier on , my strategy focuses more on the early part of the opening rather than closing. So if the market tomorrow is to close a black bar, it would make no different to the strategy;
1) Take position only if the market opens between 3534 to 3627
2) If the market does not open within these points or no position is to be taken even if the market opens within these points, then , during the trading, look for a clear formation of the trendlines which are familiar to you.
1.1) If the market opens between 3534 to 3627, put a buy position when the market retraces to a level of 12 to 20 points from the opening. If the market moves down at a very fast rate, just be very careful.It may make you to buy at the wrong position and probably you might have to execute your stop loss position ( In this case, experience plays an important part here )
1.1) If the market opens above 3627 , the market may retrace down. If not sure what to do next , just stay out of the market.
1.2) If the market opens below 3534 and later starts to move and passing down the points between 3522 to 3517, it may lead to a further fall in the futures's prices. If the market opens at any point between 3534 to 3627 , especially if it is near to the lower end, and then starts to decend down between 3522 to 3517 and below, the market may decend further down.
As I mentioned earlier, this is only a forecast, I could be wrong and I have been wrong for quite a number of times. If you have any doubt, please consult your broker.
Saturday, February 16, 2008
Friday's Performance
Saturday - 16 Feb2008
11.00 p.m. - Malaysia time zone
The market on Friday open at 3544 and closed at 3484. The highest was at 3544 and lowest was at3474.
As I mentioned on last Thursday's nite that if the market open above 3484, it may lead to a fall. It seemed that it did fall to 70 points. I also mentioned to take position only if the market open between the range of 3479 to 3440. If the market open not within range or if no position was made after the opening of the market then a person can look for a clear pattern of the trendlines during the actual trading of the futures.
There was one very clear pattern of inverted Head and Shoulder which occurred between 12.00 p.m. to 3.35 p.m. If this position ( a buy position) had been placed , there would have been a profit of about 10 points. In fact , it was quite a "safe" position to take because it took about 1/2 hour for the market to reach at that 10 points level.There was no other clear pattern recognised because the market was really on the verge of falling and falling.
11.00 p.m. - Malaysia time zone
The market on Friday open at 3544 and closed at 3484. The highest was at 3544 and lowest was at3474.
As I mentioned on last Thursday's nite that if the market open above 3484, it may lead to a fall. It seemed that it did fall to 70 points. I also mentioned to take position only if the market open between the range of 3479 to 3440. If the market open not within range or if no position was made after the opening of the market then a person can look for a clear pattern of the trendlines during the actual trading of the futures.
There was one very clear pattern of inverted Head and Shoulder which occurred between 12.00 p.m. to 3.35 p.m. If this position ( a buy position) had been placed , there would have been a profit of about 10 points. In fact , it was quite a "safe" position to take because it took about 1/2 hour for the market to reach at that 10 points level.There was no other clear pattern recognised because the market was really on the verge of falling and falling.
As for Monday, due to some reasons, I am not able to make any forecasting today but what I like to say here is that there is a gap between last Friday's black bar and Thursday's white bar. Do you think you know what this means ?
Thursday, February 14, 2008
How's The Market on Friday?
14 Feb 2008
11.50 p.m. - Malaysia time zone
1) I am using 2 type of strategies ;
1.1) The early movement of the market after market opens in the morning
1.2) During the trading hours between 10.30 a.m. to 6.30 a.m. - the use of trendlines such as ; 3 Tops/Bottoms, Head and
Shoulder, 2 Tops/Bottoms etc
2) Since the market closed today on a higher note beating 3458, which was on 5th Feb, the CPO futures was said to be the highest ever recorded today at 3459. 1 point extra only. As for tomorrow, I would forecast that the market would be bullish ( As I mentioned earlier, my strategy is focusing more on the opening rather than the close. Even if tomorrow is be a black bar, it gives no effect to the strategy )
3) Take position only if the market opens between 3479 to 3440. If the market opens within this range and then falls to about 6 to 16 points from the opening then a buy position can be placed. A stop loss of about 10 to 15 points can be done after a buy position has been placed. Be careful if, after opening, the market falls immediately in a very steep way. The best is still , after opening, the market moves a little bit up and then falls slowly to the level that I mentioned just now. Any way, if in doubt, just stay away from the market.
4) If ,after opening, the market happens to beat yesterday's highest or opens higher than yesterday's highest or opens higher than 3464 then it may continue to move up further. Anyway if the market opens higher than 3484, then, from my experience, the market may fall. Any buy up at this juncture would involve a high risk.
5) If market opens below 3440, it could mean that market may fall further down especially if it beats down the level between 3439 to 3425.
6) If no position is to be made after the opening, look for a clear pattern of 3 tops/bottoms, head and shoulder, 2 tops/bottoms and also other trendlines that you are familair with during the trading hours.
7) As I have stated in my previous postings, this is only my forecasting. I could be wrong, I have been wrong for quite a number of times. For further information, contact your broker.
11.50 p.m. - Malaysia time zone
Since I did not make any forecasting on today's market, I would rather prefer to talk on tomorrow's market ( Friday)
1) I am using 2 type of strategies ;
1.1) The early movement of the market after market opens in the morning
1.2) During the trading hours between 10.30 a.m. to 6.30 a.m. - the use of trendlines such as ; 3 Tops/Bottoms, Head and
Shoulder, 2 Tops/Bottoms etc
2) Since the market closed today on a higher note beating 3458, which was on 5th Feb, the CPO futures was said to be the highest ever recorded today at 3459. 1 point extra only. As for tomorrow, I would forecast that the market would be bullish ( As I mentioned earlier, my strategy is focusing more on the opening rather than the close. Even if tomorrow is be a black bar, it gives no effect to the strategy )
3) Take position only if the market opens between 3479 to 3440. If the market opens within this range and then falls to about 6 to 16 points from the opening then a buy position can be placed. A stop loss of about 10 to 15 points can be done after a buy position has been placed. Be careful if, after opening, the market falls immediately in a very steep way. The best is still , after opening, the market moves a little bit up and then falls slowly to the level that I mentioned just now. Any way, if in doubt, just stay away from the market.
4) If ,after opening, the market happens to beat yesterday's highest or opens higher than yesterday's highest or opens higher than 3464 then it may continue to move up further. Anyway if the market opens higher than 3484, then, from my experience, the market may fall. Any buy up at this juncture would involve a high risk.
5) If market opens below 3440, it could mean that market may fall further down especially if it beats down the level between 3439 to 3425.
6) If no position is to be made after the opening, look for a clear pattern of 3 tops/bottoms, head and shoulder, 2 tops/bottoms and also other trendlines that you are familair with during the trading hours.
7) As I have stated in my previous postings, this is only my forecasting. I could be wrong, I have been wrong for quite a number of times. For further information, contact your broker.
Subscribe to:
Posts (Atom)
