ZLBT Chats

Tuesday, July 24, 2012

FKLI Tweezers >>> A formidable Resistance

Tweezers Proved It's Resistance Potency Last Friday
MACD 6,12,6 concurred with Dead Cross
The FBM KLCI dropped 6.83 points on Monday but the FKLI almost double that with a 13 points loss. This is due to the premium/discount factor in index futures trading albeit with a little exuberance from the bears. Given the opportunity, the bears may further aggrevate the selling by pressuring the FKLI into deeper discount.
Buyers >>> buckle your safety belt :P


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