COMPOSITE and CI FUTURES

[theng]

Coming market if CI can stand firm above 930 the best is 931 I think we should see a
good market and our shadow (Fkli) will have to follow too

[theng]

Study at the chart of both  fkli and CI again make a measure on the time cycle
Find out that, the ci and spotmth have reach it time zone again,  so tomorrow will
be a turning point on both CI and it shadow. CI is above all my main MA,
But fkli is not.
  Batista have give a very clear view, what type of thinking for a trader should have
for one’s to achive in trading.

[theng]

From last week until today I feel that, the market is waiting for time to move up,
The question is waiting for what? For me they still collecting their stock(share),
For the big boys the stock in hand is not enough for them, and the retailers
Don’t want to sell their share at this moment, so what can the big boys do is
try to vibrate up and down, try to shake out the weak holder.
  For fkli the reason is the same, so they try to make traders feel bearish, so we
Will try to short, than they can collect more, on my opinion at this moment
Try not to hold too many position.
      If the big boys they can’t collect enough stock(shares and Fkli) they will
make a very big moment to pull down the market, and push it up again,
When this movement is done they should collect enough stock so the market
Will go up fast.(I hope this type of movement would not happen)

[stupidb]

Mr. Theng, here i have to say sorry to u, if my post have hurt your feeling. my friend he
is not pointing at u, he hope to read more of your post, he did tell me that he wanted to
learn from u about the time zone. so may u let us know about your time zone.

[theng]

Mr. Theng, here i have to say sorry to u, if my post have hurt your feeling. my friend he
is not pointing at u, he hope to read more of your post, he did tell me that he wanted to
learn from u about the time zone. so may u let us know about your time zone.

Ok! Let me put it in this way, if your friend can come in to bizfun forum and post some
article in the thread may be I will tell him what is time zone.

[theng]

This afternoon I long 2 lots of spotmth  at 915 points .
The reason I make a long is as below
    1.    After back checking  few yrs of CI and future I found that this is the first time each         of  this two components moving on their own way(very big step)
    2.    In intra day the spotmth stop at the same spot more than 3 time.
    3.   Check for my next support on spotmth is at about 913. Very short time cycle is here too.        
    4.   Ci is still moving in it trend.
    5.   On oversea DJI have drop for three days on the chart DJ will have a rebound
 after 3 days of low.
    6.   crude oil price have drop now only about 62.00.
       So with so many reason to support me why can’t I long it. If it drop below my
Support I will just clear it off.

[stupidb]

This afternoon I long 2 lots of spotmth  at 915 points .
The reason I make a long is as below
    1.    After back checking  few yrs of CI and future I found that this is the first time each         of  this two components moving on their own way(very big step)
    2.    In intra day the spotmth stop at the same spot more than 3 time.
    3.   Check for my next support on spotmth is at about 913. Very short time cycle is here too.        
    4.   Ci is still moving in it trend.
    5.   On oversea DJI have drop for three days on the chart DJ will have a rebound
 after 3 days of low.
    6.   crude oil price have drop now only about 62.00.
       So with so many reason to support me why can’t I long it. If it drop below my
Support I will just clear it off.

If tomorrow fkli spotmth move up as what u say can I buy in, buy at what price.

[theng]

stupidb,
        On my opinion buy now, buy at your own risk I 'm not responsible for any losses
any one's make. Over night DJ intra day move up and pull down and at close it only
drop about 23 points only.
turtle, where are u come in to the forum.

[fiver]

Mr. Theng,
I hv no doubt you are a very competent chart reader with many years of market experiences.What I'm going to write may not be in agreement with your view, but I hope you will not think it's an attempt to knock you. Rather I hope you could review it objectively.

       
    4.   Ci is still moving in it trend.
 
       So with so many reason to support me why can’t I long it. If it drop below my
Support I will just clear it off.

Personally I feel if the ci fails to break 930 in the next few sessions its uptend will be over and there is every chance that this trend wil reverse with speed. The right shoulder starting from the 2/9 (an ascending pendent - bearish) is getting suspiciously heavy.
Looking from a longer term perspective, the ci has infact been tracing an ascending wedge from 2001, again a bearish.
And from june 2005 it has again traced out an ascending wedge, bearish.
My elliot wave count points towards a possible leg down that will take the ci close to historical low of 262 (pls don't think me crazy). According to elliot wave rules this leg may fail and we may never visit 262 again or it could be a long long time before we do. I must admit that at this junture this seems an impossibility.
Since the imposition of currency control, KLSE has been largely negected by foriegn institutions. Infact it's movements have appeared artificial. A sense that it has been supported and manipulated. But this is a very costly process. The way the chart patterns are tracing out says that it may not go on forever and like all previous big moves, some events may trigger it.
The ci is bearish over the longer term, but for fkli there are trading opportunity.

[theng]

Fiver,
        I’m happy there is some one to discuss with me in this issues.
        U have your point, and the point it sound very solid too, from all this I can feel that u
are very  good in analysis of market movement, some time I, myself also have the same
 feeling with u, but I study on CI chart again and again, I get for me an answer, the market
is waiting for time to make a big push.
         Now let us look at below CI monthly chart:

http://img398.imageshack.us/img398/8341/klmth2js.jpg

Look at circle A and A1 don’t u feel that it look alike, when this type of pattern form, normally, will follow with a big push (up).
     Now look at circle B and B1 a W is form than follow with a big push too.

[bizfun]

Thanks fever and theng, you both have your points here. Shall I say that we have to compare apple to apple? fever is reading daily chart, CI still slow uptrend with recent resistance at 930 and precaution on any break down on neckline of Head and Shoulder. Theng in other hand, looking for longer chart pattern, using monthly chart, it looks like Cup & Handle pattern (if not mistaken). This will generate boom on big push up if breaking recent high at Head 953.88.

Thanks both of yours sharing and research. Since fever touch on Head & Shoulder topic, with this opportunity, I would like to educate new traders what is Head & Shoulder. Let review our CI chart for this study, it is purely for education purpose, not mean on buy or sell of any securities or futures.

Click here to read what is Head & Shoulders Pattern.

Thanks.

[Teepo]

Mr. fiver,

Personally I feel if the ci fails to break 930 in the next few sessions its uptend will be over and there is every chance that this trend wil reverse with speed. The right shoulder starting from the 2/9 (an ascending pendent - bearish) is getting suspiciously heavy.

Looking from a longer term perspective, the ci has infact been tracing an ascending wedge from 2001, again a bearish.
And from june 2005 it has again traced out an ascending wedge, bearish.

I thought that ascending wedge formation is a bullish pattern typifies by the two boundary lines moving upward.  A downward breakout from an ascending wedge channel should be the main concern. If the price is contained within an ascending wedge channel, we should be right.

Am I missing something?  Would appreciate clarification.
Regards

[fiver]

Fiver,
        I’m happy there is some one to discuss with me in this issues.
        U have your point, and the point it sound very solid too, from all this I can feel that u
are very  good in analysis of market movement, some time I, myself also have the same
 feeling with u, but I study on CI chart again and again, I get for me an answer, the market
is waiting for time to make a big push.
         Now let us look at below CI monthly chart:

http://img398.imageshack.us/img398/8341/klmth2js.jpg

Look at circle A and A1 don’t u feel that it look alike, when this type of pattern form, normally, will follow with a big push (up).
     Now look at circle B and B1 a W is form than follow with a big push too.

Theng,
Thanks for your reminder. In fact I'm tempted on many occassions to share your sentimemt. I am fully aware of the similarity of the formation current and just before the 1993 super bull which was trigerred by the US invasion of Iraq.
However,  my elliot wave analysis caution me that the corrective waves from the historical 1994 high of Jan 1994 is not over yet.
Looking closer I'm convince that the decline from 2001 to 2002 has all the characteristics of an impulse wave. Meaning since then the CI has been labouring through a correction of this 2001-2002 impulse wave.
Anyway I too hope you are correct, because it's soo much easier to make money in a bull market.
To answer Teepo Q.
A wedge is a congestion b4 a big push. Satistically an ascending wedge yield more downside and vice versa. This also has to do with the amount of energy dissipated as the wedge is formed.
That is why the market is such a fascination, a bull to one, a bear to another.

[fiver]

Further an ascending triangle is consider by some to be a distribution pattern.

[theng]

Further an ascending triangle is consider by some to be a distribution pattern.

Yes, look like the triangle is form, now is very near to the angle, it  have not much
space for side way, where should it go ? NORHT or SOUTH.