Bursa Maniac

Yesterday I learn a very good lesson from FKLI intraday was also learn a lesson from myself I name it EMOTION from KLOFFE live code platform I saw 1 the low , so I try to figure it out from my metastock chart but not able ,but I able to get a point at 2 due to my EMOTION I do not try to believe so i said I no able to find the point mean point 1.From this lesson teach me do not use emotion to read chart , I myself always said to people do not use emotion to analysis but yesterday I use it.

Day before Yesterday I learn another lesson too I name it "Don't try to use other people chart to post on own blog or post", if feel good wish to use better stage it at the blog , and also never look down on other guru say they cant see or dont know.

From cycle study about 4 bars(30min) from yesterday close will have a TC point of low then count from yesterday close 5 30 min(150min) bars will meet a TC of high, then after 90min will have a TC points of low again.
Take it as a reference only use it to trade at your own risk.

Fkli May contract become spotmth contract Apr(spot) contract end up and close at 1716.5 May contract close at 1708.5.
May-FKLI it high was 1711.5 , so coming trading day will it open at around 1711.5 or above 1711.5 so as to match Apr mth close ? if the big boy still wish to push up FKLI I believe they may push it to 1717 or higher so as match SPOTMTH chart pattern , if they they want to press down the FKLI they may open high too then press down .
my 2 cents view.

OK I will update here for today only . Will an advise from me to some of FKLI traders here for me FKLI not a good game to play, cos it all the time was manipulated. CI was motivated by 30 counters yet CONTROL by about 5 counters ,they are BAT, PETGAS PETDAG, CIMB. Every time they want to press down or push up the CI they will just play with this few counters BAT was the one they make use of it first then after that make use of other counters .

My advise is try stop FKLI and play CPO will be more better. I only know the market tends to do better when there is a president trying to hold on to office since there is a feeling that he will take steps to ensure that the economy is as strong as possible when the election rolls around.

Those who long FKLI if it go below 1713.5 beware ,cos it may go to 1707.5. if it move up around 5.5hr will have a TC point. Correction coming based on macd day chart. All I talk about was base on Spot mth only , any way May movement also base on CI .OK try to read may chart .Today MY low was just at it short term support and it main support at 1700.4 ,for me mean FKLI still move at it safe zone , to be safe May FKLI must be able to hold above today high. From intraday chart of spot mth it close was just at it main support of 1707.7 , 30min chart since 4.30pm was 3 time touching this point then move to north again so mean if it not able to 1707.7 go south will really go to 1702 the auto support ,4.30pm was also the TC point .
next trading day spotmth have to be above 1711.5 then to be say safe , if it go above 1714 .5 say to be healthy . When FKLI open at 1713 not willing to move above 1714 and above to trap trader to short. Well I follow what the chart said , as long as it price still at it support , if the price go below the support then the story turn ,but my TAS didn't look that nice . 

Chart shows weaknesses, but it still going up , strange. My view on FKLI ,If open go north 1778 may have resistance , then 1836. if go below 1749 1740.5 will have support , next support 1729.

CI TC point just at the corner, If CI not able to hold above 1696 beware ,so happen it hold at about 1690 should be still strong, if break below next 7 days will have a TC point, at 1667 should have support.As for FKLI 1653 will have strong support. If CI able to hold firm above 1704 should be should be safe ,if go below 1702 have to watch out if go below 1700 be alert .  If CI able to hold above 1710 will be firm if able to close close above 1717 then CI can call it strong if not it go south we may able to see it move to 1695.
Fkli look more better than CI , if Fkli go north it next resistance will be around 1717.5 then next will be around 1732.5 .Soon you will see  crossover between KLCI and FKLI . If FKLI HAD BROKE 1712 , and continue further uptrend, it resistance will be around 1715 then 1719 follow by 1726.Those who long FKLI if it go below 1713.5 beware ,cos it may go to 1707.5. if it move up around 5.5hr will have a TC point. It will have a TC point of high. If had clear at around 11.45AM may be time to watch FKLI at 4.00PM .

Many of you may not know about FKLI. Here is the Contract Specification where I copied and pasted from bursamalaysia.com:

Contract Code	FKLI
Underlying Instrument	FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI)
Contract Size	FBM KLCI multiplied by RM50
Minimum Price Fluctuation	0.5 index point valued at RM25
Daily Price Limits	20% per trading session for the respective contract months except the spot month contract. There shall be no price limits for the spot month contract. There will be no price limit for the second month contract for the final five Business Days before expiration.
Contract Months	Spot month, the next month and the next two calendar quarterly months. The calendar quarterly months are March, June, September and December.
Trading Hours	First trading session: Malaysian time 8:45 a.m. to 12:45 p.m. Second trading session: Malaysian time 2:30 p.m. to 5:15 p.m.
Final Trading Day	The last Business Day of the contract month.
Final Settlement	Cash Settlement based on the Final Settlement Value.
Final Settlement Value	The Final Settlement Value shall be the average value, rounded to the nearest 0.5 of an index point (values of 0.25 or 0.75 and above being rounded upwards), taken at every 15 seconds or at such intervals as may be determined by the Exchange from time to time from 3.45:30 p.m. to 4.45:15 p.m. plus one value after 5.00pm of the FBM KLCI on the Final Trading Day excepting the 3 highest and 3 lowest values.
Speculative Position Limit	Maximum number of net long or net short positions to be held: 10,000 contracts for all months combined

From my study on Composite Index found that it almost time for her to rest ,if so FKLI will drop too or move against CI. If it break up above 1697 come down beware , below 1688 be alert below 1680 if still hold long ,this is not my way. I don't know what announcement me base on chart reading only.By the way if CI able to hold above 1700 and move up will be another 2 days to go north else will move downtrend.

If CI drop intraday 1682 will have support , so happen drop below 1680 beware, SPOT MTH if 1679 able to hold I think it still strong. CI at 1706 may have some resistance. FKLI at 1711 will have resistance follow by 1728. We need to understand and learn FKLI. It is just a shadow of COMPOSITE index , go learn Composite Index because it got 30 link counters:


Constituent Name Stock Code
AMMB Holdings 1015
Astro Malaysia Holdings 6399
Axiata Group 6888
British American Tobacco (Malaysia) 4162
CIMB Group Holdings 1023
Digi.com 6947
Felda Global Ventures Holdings 5222
Genting 3182
Genting Malaysia 4715
Hong Leong Bank 5819
Hong Leong Financial 1082
IHH Healthcare 5225
IOI 1961
IOI Properties Group 5249
Kuala Lumpur Kepong 2445
Malayan Banking 1155
Maxis 6012
MISC 3816
PETRONAS Chemicals Group 5183
Petronas Dagangan 5681
Petronas Gas 6033
PPB Group 4065
Public Bank 1295
RHB Capital 1066
SapuraKencana Petroleum 5218
Sime Darby 4197
Telekom Malaysia 4863
Tenaga Nasional 5347
UMW Holdings 4588
YTL Corp 4677

Can you get some clue to forecast FKLI movement or get more idea about the FKLI direction? However the discounted/premium price of Fkli to klci doesn't always match back to zero everyday. It can always be at a discounted / premium price, until it decided to.. So even though at times when you notice there is a differences in both the prices doesn't mean that you can often long or short, right? but with that different don't u think this is the most safe way to trade , and also is a good way, how to make use of the chart all depend on how we study and understand it.The chart I show was only two days movement . from 22nd Feb to 4th Mar are total 8 meeting points most of the points are profitable, when there are a easier way to make money why don't we use it why have to go for hard way ?

Can it break 94.50 or not?
If it break 90.88 strongly then down move will start.
Fist support is trendline .also our 250 Ma 
Let's see what is the price action at first.

From TC study on 60 min time frame might take 2 more bar to reach it TC of high ,if able to break 94.5 it is possible to meet 95, for me this session 95 should be the limit.then next 4 bars will go low mean another 4bars to it TC of low, just use it as a reference.

Besides, we can compare the FOREX market to our equity market as benchmark.


FKLI move in between the setting it low was just touch one of my MA then turn north again. CADL is strong today. 20 counters up, 4 down, 6 unchanged. 200 EMA resistance wad broken with higher volume. So tomorrow it will go north again? Just look at composite Index found that had reach short term TC point and 1642 also a resistance point , if this short term TC not really work 4 more day will have to meet a medium term TC point. TC point delay a day mean CI like naughty boy dont really wish to follow 100% today off high, FKLI also shown in advance. next near TC point will be around 4 more trading day. Place short order ? then close very much higher should be many short order been eaten , then traders think will go high so long tomorrow may open low and go lower so some long players die again . mean die hard.

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From TC study CI had reach it TC of high, when correction 1640 should have support from Intraday study 1640 also a good support. Look at Ci feel some thing going to happen , if go below 1647 beware, when below 1647 may able to see 1640 to 1635 if go below 1635 the next strong support will be at 1622.
FKLI had work in advance press down to 1640 then up but if Ci go south will make fkli follow to south too the support will be at 1630 then about 1620.
If Ci strong go north next resistance will be at around 1665.

KLCI about 1620 support should be strong enough to hold cos of TC of low is at the corner.

Can you answer my question? Bullish or bearish now? Stock investment for dummies usually fail because they hard to determine trend. Know you trend and ride on uptrend before involve in market trading is a must.