Wednesday, January 7, 2009

Short KLSE Furture Index at 935

After review the market transaction on first session, I am decide to sell 2 future contract at 935 points. Because i was found that: -

a) Commerce (1023) second time touched at 7.15.
b) Genting and resort did not follow today index up together.
c) Market 2nd time open at jump start 7 points (1st time at monday open at 901, jump start 7 points at open).

I was also noted that transaction volume reduce heavily at 2nd pages of top volume. It would giving me an idea to sell short at future index.

2 comments:

Su YSW said...

short at 935? u might change ur mind soon as the ave traded prices for fkli spot was 938.688 for the morning session.

Shin said...

Good call!!! SPOT ON!!