COMPOSITE and CI FUTURES

[stupidb]

Thursday night after I post on “composite and ci futures” I’m waiting for Mr. Theng reply,
 because I would like to buy in a lot of fkli(since theng can buy why not I ),
 as the same time I m watching vcd  
browser was all the time                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              in future index, and forum index, I refresh
My browser every 10 to 20 sec, to look for new post and theng reply, so I repeat
again and again refreshing.  
From doing this type of action I found something strange on “composite Index futures(fkli) trading” the viewer counter numbers jump fast, compare to Forum home page user online,
there are not match. Can some guy tell me why, what is happening.
This day theng did not reply my post, he reply it on the second day. Mr.Theng I had buy in
1 lot when should i let go.

[bizfun]

..the viewer counter numbers jump fast, compare to Forum home page user online.

Hi, stupidb,

The viewer number increase by one when you view the topic. If you keep refreshing it, it add one by one. It record down how many views at that time. It is different from user online.

Page viewed and user online is different.

[theng]

Stupidb,

       U have to learn how to monitor the market, some time I might be wrong, as u said
it may kill. OK for my support and resistance on spotmth 1st resistrance at about 923,
 Friday it reached 922.5 is it resistance , if break, 925 and 928 will be the next level
than follow by 934.

[theng]

spotmth have break it 923 resistance, it should go to next level, i feel that 925 should be break easily, look like big boy
is collecting stock for the next bull.
    Today CI and futures move in the same direction is it the signal of bull?

[theng]

CI close 2 weeks high is a good sign today is also day having a biggest step in this 2weeks too, next trading day if CI move up a min. to 933, and close above 931
should be OK. Spotmth will be up too, if break 929 should test 934, strong enough
to move up I think 939 is a resistance. If this 2 components can move as my forecast, there is no reason for the bull not coming.

[stupidb]

CI close 2 weeks high is a good sign today is also day having a biggest step in this 2weeks too, next trading day if CI move up a min. to 933, and close above 931
should be OK. Spotmth will be up too, if break 929 should test 934, strong enough
to move up I think 939 is a resistance. If this 2 components can move as my forecast, there is no reason for the bull not coming.

So it mean that I can still hold my spotmth not to let go ?

[Batista]

I know most of the retailers are holding Long now and hope the market to go up.

Just a few of my observations:

- Though the Ci chart is steady (sideway), the future went down on 5th and 6th Oct with big volume. Especially on 6th,
  OI increased more than 1k. It can be a few reasons, I dont want to guess.
- Last three days, future recover, but volume getting less. (Volume/ price divergence?) OI also getting less slowly.
- Market discounted a few better than expected figures.
- Almost whole world drop a lot on 6th, but Klci is holding on quite well. But when regional rebound strongly Klci lose steam.
- Most of the chartist looking at the breakout of the ascending triangle or some say ascending wedges to go in/out.
- Two times look like the market can close abv 930 but on last second throw to buyer price one lot of TMT counters.

Other indicators, fibo and elliot, too long to elaborate. Trading a sideway market is full of fun.

So, what is it now? My small opinion: "very cautiously bullish" and may be a buying climax to come soon?

[theng]

Yesterday have a nice day in JB, reached home at about 4.00AM, download data than
go to sleep wake up look at my watch is already 10.00AM up data my data, look at the market   than read bizfun forum posting.
      .
Batista, reading your post is my pleasure, because u can tell the market movement in such a nice and clear way that is what I can’t .

     Now let us learn something from the market.Ci have break 930 move toward 931
now spotmth  have push up to 929.5 too. I’m waiting for collecting $.
Before I end this posting let us learn the below chart, it was create on last week.

    http://img299.imageshack.us/img299/9894/ciandspot1fa.jpg

Look at the circles in the yr 2003/03/14 to 2003/03/17 the way Ci and spotmth move, the spotmth move down in a very big step than move up in the second day. Is it look the same
on 2005/10/05 to 2005/10/06, so if the same what will happen to future(coming) market?
BULL, BEAR??

[pig99]

HangSeng down >200points, something happen, who know?

[theng]

Yesterday in intra day spotmth break 929 to 929.5 but EOD still below 929 close at
923, today it go at low at 922 at it support and close 923.5 in the morning section
if afternoon it do not drop below 922 and go up, above 925 for me is ok because
 still between my trend.
    CI 12.30 close at today low 926.94 and high at 931.43 “inside day” is at my trend too,
I think 1 or 2 days time we may know bear or bull.

[Batista]

Futher to my observation posted yesterday, I noticed:

- since 10th till yesterday, the Ci go abv 930 intraday and came back down. The strength is getting weaker everytime it break above 930. This is not by feeling judgement, this is what my system tell me. Though it is not trigger my short signal yet, but it is getting closer now. I am making use the every weaker boost to lock my profit and just holding minimum. I am seeing a neutral market now. Either way, I will not hestitate to "huuut" it!

I think everyone can see a trend when it have started. The most important is spot it before everyone see it. Right?

Now, regional market recovering, Hang Sang up 60, Dow fut up 32. What do u say?

[shtoh]

newbie here.

eventhough CI has breakout of the ascending triangle for the past few days, but it seemed like everytime it crossed 930 pts, the gain was lead by advances in thinly traded counters like Nestle, MISC, MPI etc, sometimes we can also see 1 lot buying in TMT just to push up CI temporarily. There seemed some reluctance for CI to go too far above 930. but why so?

judging from the low ATR lately, it seems like market is at a crossroad now. I am neutral at the moment but felt something big (either up or down) is in the making, but which direction?

hope to learn from all the si-fus here...

[theng]

newbie here.

eventhough CI has breakout of the ascending triangle for the past few days, but it
seemed like everytime it crossed 930 pts, the gain was lead by advances in thinly traded counters like Nestle, MISC, MPI etc, sometimes we can also see 1 lot buying in TMT just to push up CI temporarily. There seemed some reluctance for CI to go too far above 930. but why so?

judging from the low ATR lately, it seems like market is at a crossroad now. I am neutral at the moment but felt something big (either up or down) is in the making, but which direction?

hope to learn from all the si-fus here...

Shtoh,
         U have ask a very good question, that every 1 of us like to know, but at this moment I think no 1 can give u the answer may be some big timer (market mover) know. What we can do is use any possible way to forecast (must be logical).We have to let the time to confirm. Ok let u know my view.
        ‘A’ The market is going to push up, but before it push up the syndicates have to
Collects enough stock at low price, but they do not want to see the index below 900
And  don’t like  the index move up fast at this moment too( when the index is up
Retailers would not like to sell their share,  they will like to sell it at higher price)
  At present market some retailers will sell their share.so index will move bit by
Bit up to 953.29, than they make a big push, at that time retailers will buy and may be
get trap again..
          ‘B’  The syndicates let us see the market is healthy , stand above 900 and go up
so they can slowly sell off their stocks.
          My opinion most likely is A.
Bizfun, Batista, asiatrader98, turtle.. etc what is your opinion.

[stupidb]

As for me I dont buy share now, i will not sell too, i will wait for my friend to say yes than i
will buy. because my capital is small, can some one tell me, now the retailers are selling
shares or buy shares.

[Teepo]

As for me I dont buy share now, i will not sell too, i will wait for my friend to say yes than i
will buy. because my capital is small, can some one tell me, now the retailers are selling
shares or buy shares.

Equities in Bursa Malaysia is a one-way street - no shorting is allowed.  You buy near support, and almost always do not touch any counters hovering near the resistance level.

What effects will a plunge in Bursa Malaysia have on most counters, other than the blue-chippers?  Everything.  When the CI is up, 2nd and 3rd liners do not normally respond.  But when the CI plunges, you could almost say with certainty that 2nd and 3rd liners will follow the market sentiment.  That is why the return on 2nd and 3rd liners have been very woeful the last few years.

Where is the cash market at the moment? Near the resistance of Fib 76.4% - 931.45.  This resistance level was attacked in the last few days but remained resilient.  The longer the CI is hovering around this level, the more likely the market will correct itself in the near term.

I am not touching any counter other than SugarBun.  I guess I like the food....  O:)