As predicted, the KLOFFE gapped down due to DJIA performance. So the revised plan will be to go short if break down 1140 on hourly chart (EMA & MACD crosses). Trail STOP LOSS @ 1140. Long if the trend breaks up to yesterday’s closing level (1154).

Yesterday, DJIA was not doing well after more bad news out from the financial sector. It declined 239 points. I would think that KLOFFE could open low today. So our strategy for the day will be short if it breaks down 1148 level (observe EMA crosses & MACD turn weak). However if it continue to [...]

The Bursa KLOFFE has congested @ the 1150 level. It has been moving sideway with low volume for sometime now. This indicate that the market is not ready to move beyond this level. At this moment, the move will be strong if it moves either way. For short term trader, you could take profit now [...]

Bursa KLOFFE is still very uncertain after the huge gap down this morning due to the DJIA drop yesterday. The plan now is to stay clear until it drop below 1122 support (short) or breakup today’s high @ 1130 level (long). Seems like volume is low, no demand in the market. Everyone is at the [...]

The Bursa-KLOFFE has rebounded to about 1105 since this morning. However the resistance @ 1105 is strong and a high volume up bar is required to break this resistance. It is expected to retrace back to 1100 level before trying again.
Regional market has once again influenced KLOFFE. However DJIA is showing weakness on the Friday’s [...]