Monday, August 16, 2010

Mission Accomplished II

FCPO! Wild beast! LOL! Don't be deceived, 3rd month contract shows price down of RM40, but if you compare the closing price of Oct. contract against its previous close, it is down RM102!! I am giving free advice away again! Sigh!!

Anyway, my trailing stop was hit after such an amazing race! LOL! My chart of CPO futures is now getting very toppish. Usually I don't like to predict the top or bottom of FCPO (don't mess with the trend), but my chart tells me it's time for FCPO to take a breather. Now we wait and see if FCPO will indeed swing down, or it's just a fortune teller's tale! ROFL!!

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