KLCI Aiming For 1050???

KLCI Futures hit 1038 yesterday, just another 12 point to 1050. From the KLCI Futures 5 Mins Chart & Judging by the fact that US DJ was Down 102.43 point, most likely KLCI Futures today (08/05/2009) would open lower, then go uptrend, depending on how strong is the regional market. DJ Market Futures is at Positive now, so indicate a more positive signal.



From the 5 Mins & 15 Min Chart, KLCI Futures would be trading side ways today, so buy low and sell high, if you are not sure, just buy when market has hit low and is about to reverse by watching the Stokastic and MACD.



The Daily Chart shows that KLCI Futures is in a strong uptrend, with MACD hitting almost 29, and Stokastic hitting 88 & 90.



My trading strategy today, Long when futures open lower or hit lower. Monitor your stop loss and watch Stokastic, MACD and Moving Average.