SEARCH SITE MENU Submit An Article Bulk Article Submission Search Syndicate Articles Privacy Policy Terms of Use Link To Us Contact Us Site Map Home CATEGORIES Auto & Trucks Business & Finance Computers & Internet Education Environment and Going Green Family Food & Drink Gadgets and Gizmos Health Hobbies Home Improvement Humor Kids & Teens Legal Marketing Men Music and Movies Online Business Parenting Pets and Animals Politics and Government Recreation & Sports Relationships Religion and Faith Self Improvement Site Promotion Travel & Leisure Web Development Women Writing Keyword Search Article Title Author's Name

Kuala Lumpur Stock Index Futures Outlook - Forecast for the day - 04 July 2007!  by: Fred Tam Kuala Lumpur Stock index futures: Maintain long/Sell-stop @ 1352.0 OL July futures closed higher by 22.0 point at 1374.0 on relatively high volume of 5,825 lots. 1. What a rally on FKLI yesterday! 2. Yesterday’s price activity was significant because we saw an up-gap, which was not filled. This denotes buying strength and we expect another follow through rally today. 3. We would further buy @ 1380 or higher. 4. But while an up-gap denotes strength, it could result in profit-taking and fill the gap today by falling to test 1353.5, Monday’s high. 5. Sell-stop should be place below this Monday high, i.e. @ 1352.0 OL. 6. Note that we were right about the discount fizzling out. FKLI is now at a 1-point premium to cash, from a discount of 12-points on Monday. All this is suggesting that the stock market will be strong today. 7. We were correct to maintain longs and we expect FKLI to rally further based on (1) an oversold stochastic, (2) price above lower Bollinger band, (3) a recovering Dow and (4) a strong ringgit. General commentary: We expect a rising Dow and the strong rinngit to boost the KLCI higher, which will in turn lift the FKLI higher. Upside Fibonacci target 1466(Revised on June 15) Downside targets: 1294/1257/1212 Ichimoku chart: (Based on Kumo (clouds) FKLI is still long. Kumo support is at 1206. Ichimoku chart will turn short at 1205 OL) (Updated on June 11, 2007). Average True Range for KLFE: A.T.R. is 16.00 points for FKLI futures. This implies you need to put a stop above/below this A.T.R. or you can get stopped out due to the volatility factor. We advocate a 1.5 x or 2 x the ATR. We are using a 5 days ATR. About The Author Fred Tam is the owner of http://www.fredtam.com and http://www.picapital.com.my F1 Trader Online - Know when to enter & exit the markets. This article was posted on July 05, 2007   View More Videos from the "Business and Finance" category: Small Business Stories - LJK Consulting Small Business Stories - Gildred Racing The Viability of Modern Portfolio Theory How the Gulf Oil Spill will Affect BP Stocks and the Energy Industry   Read More Articles from the "Business and Finance" Category: How to Evaluate Load vs. No Load Mutual Funds by Ulli G. Niemann Loan Payment Protection Insurance – Worth The Cost? by Joseph Kenny Funded Sponsoring Franchise System: An Effective Way of Recruiting by Anthony Harris Resource Levelling by David Stoneman Minimize your Risk for Identity Theft by Jeffrey Broobin Why Small Business Must Turn to PR by Robert A. Kelly Make Their Next Purchase a Feel Good Experience by Scott Lindsay Rebuild & Keep Good Credit Ratings by Understanding Your Credit Cards by David Hall Greed - The Ugly Duckling of Investing by Brandne Moskwa 1000 Dollar Payday Loans - An Answer to Your Cash Necessities! by Alex Jonnes << Back to "Business And Finance" Index

Disclaimer: The information presented and opinions expressed herein are those of the authors
and do not necessarily represent the views of ArticleCity.com and/or its partners.