STOCKWATCH WEEK 180313

INTERMARKET

KLCCP

Attended a talk on FKLI and FCPO at Maybank Green Lane, Penang this afternoon by Mr. Lee Cheng Hooi.  This is one of those times that I feel I have not wasted my time.  Thank you Mr. Lee.

Somebody inquired about KLCCP at the talk and I decided to take a look at it.  Here's the chart for what it's worth.

FBMKLCI

How Hard to Hold the Bird?

If held too hard, the bird will die.  If held to loosely, the bird will fly away.  That's the probem with my charts.  If I give too much information, the reader will find it hard to decipher the trend.  Hope the new format is easier to see.

FCPO ALL3M0NTHS

FKLI SPOTMONTH POTENTIAL SUPPORT RANGES?

Performance of Last three lists - The good and the bad.

THE GOOD AND THE BAD:- NOT ALL COUNTERS CAN BE TRADED PROFITABLY, SO BE MORE SELECTIVE.  DON'T TRY TO CATCH TOPS AND BOTTOMS AND FOLLOW THE TREND, THE TREND IS YOUR FRIEND UNTIL IT BENDS.  IT IS SELDOM (NOT NEVER) PROFITABLE TO BUY WHEN THE TREND IS BEARISH UNLESS YOU ARE SURE THE REVERSAL IS NOT A CORRECTION BUT A CHANGE IN TREND, AND WHO CAN BE SURE UNTIL PRICE MOVEMENTS CONFIRM IT.  DON'T JUMP THE GUN!