Wednesday, May 13, 2009

Dow Jones In Dangerous Zone ?

This morning I have updated the Dow Jones Industrial Average chart, the Nasdaq chart and the S&P 500 chart. Parabolic SAR indicators show sign of selling. So we will be watching how they are going to move tonight.

Based on the futures market data, we will be seeing a negative opening for DJIA. Tomorrow will be crucial for the KL Composite Index if the Dow Jones Industrial Average close lower.

Today the performance and the momentum of the KL Composite Index not really encouraging. The index is showing more sign to go down compare the ability to go up. Maybe the KL Composite Index just needs some stimulus surprised to bring the index for healthy corrections.

4 comments:

lgcsdv said...

Why u did not short FKLI if u r so bearish?

Jackie Lee said...

Short already at 1022.00

Jackie Lee said...

Actually I'm not a futures trader. I don't really involve in futures trading even if my calculation was right if the share market is going up or down.

The thing is we are not expert in the futures trading. They are very fast and exciting. Sometimes when you already involved in equity market, it not advisible to trade in futures.

They can confuse your trading method. That would be my answer.

Forseen the share market will go down again but today I long my futures at 1003.00. DONE ......

Thank you....

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