Trading Derivatives for Profit

Tuesday, August 08, 2006

Date: 8th Aug 2006

Trading The Kuala Lumpur Future Index
Kuala Lumpur Stock Exchange (KLSE)

Judging from yesterday’s close of The Kuala Lumpur Stock Exchange (KLSE) and from a technical point of view:-

Both RSI and Stochastic are giving sell signals.

MACD and Parabolic SAR show the weakening of the market but the signals are yet to be confirmed.

KLCI has its support at 928.

From my Feng Shui Relative Strength Index (FSRSI) forecast chart, it is still not a sell yet.

Patient is a virtue.

About Me

Graduated from New Zealand universities in the late 70's. Lived in New Zealand for over 20 years. Now residing in Malaysia. Comtemplating going back to NZ. Developed the Interactive Strength Index (ISI) trading and forecasting tool 8 years ago. The ISI is developed for the forecast for Index movements of any stock markets. Its underlining principle is based on the interactions of the elements of any one day with the month and year elements. These interactions whether productive, neutral or destructive affect the movement of the market. Each interaction of the elements will be given a score. As these scores are added up, they can be plotted to indicate the high and low of every month. The strength of this system is that you may forecast days and months ahead so that you can time your entry and exit in your trading. ISI is best used with conjunction with others technical indicators.

Trading Derivatives for Profit

Tuesday, August 08, 2006

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