Sunday, August 26, 2007

KLCI FUTURES AUG CONTRACT STRATEGY FOR 27/8/07


KLCI FUTURES AUG CONTRACT

Monday, 27th Aug, expected to gap higher at the opening on borrowed strength from the strong Friday's surge in the Dow. Take quick profits at 1284 (recent high)..or 1296 key resistance levels. Don't chase buy! Observe the " NO FLY ZONE AT 1310!" at all time! This is wave2 - a corrective setup of a big bearish wave3 move (next leg down). Now, price's right and time-window is right! Strap in for a big "air-pocket" ! (#Caveat : Unless strong convincing breach above the "NO FLY ZONE" at 1310!)



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