12-min SIMSCI Futures [photopress:simsci_morning_12.PNG,full,pp_image] I have closed Long position at 283.1. After watching price action at the area of day high (283.4), uptrend seemed to be getting weaker. This does not mean a reversal is kicking in, it just prompts me for profit taking. Notice about DI+, similar weakness was observed as well. To confirm […]

Long position of SIMSCI has been established at 281.9. SIMSCI seems to be gaining strength again. Sentiment remains positive.

Another three digit gain for DJ again. Positive opening of Nikkei , SIMSCI as well as Hang Seng is just expected. In the first hour of trading, SIMSCI, in fact, drifting down from open price. With both Nikkei and Hang Seng stays more than +300 points gain, I am looking for opportunity to establish Long […]

[photopress:simsci_full_day_12_1.PNG,full,pp_image] What a disappointing day. In fact , it was a ‘do-nothing’ day for me. SIMSCI futures was choppy and weak, even though Nikkie Futures were strong. No trade was made. I might be missing an entry at 275.4 around 415pm. I gave up the opportunity as I do not like the way market moved. […]

[11:29am]Here we go. I am twisting my mind again. Nikkei reopen and failed to push up further. SIMSCI has formed a base line at 274.7 and making lower highs. It is rather weak. Now, I am watching for short position closely. It might end up with a choppy day instead. Update [12:37pm] Nikkei 12 min […]

I am looking at Long position of SIMSCI this morning. However, it seems to be rather weak after morning gain. My buy order is still in the queue. Nikkei is closed for first session. I am watching for second session of Nikkei to confirm intraday sentiment. Bottom line, current intraday chart formation does not suggest […]