Futures Breaks Year High till 1045.50 then Softens to 1029.00

Our KLSE break 1050.45 New high and then immediately went down to 1035. Future was highest at 1045.50 on Thursday and close at 1029.00. Careful if you are longing Futures on the market. I already shorted at 1037. Its a shame that i didn't short at 1045 when the market hit high. Closely monitoring the Futures market using 5 Min chart has made me realize a lot of strong and useful signals and hence the problem is Discipline.



Speculative & Blue Chip Counters were on the Red and Volume was only 130 Million. This is s strong signal that the KLSE is weaken and maybe facing a Possible Market Sell Down.

As I write this Blog at 1a.m. Friday Today, US Market Dow Jones has dropped -137 over points due to the weak Jobless Claims and the Negative S&P report of UK Economy.

There is a Strong Resistance at 1050 KLCI. In order for the Market to be bullish, our CI Volume must hit at least 250 Million per day. For now, I am shorting the market and wait for Reverse Signal.