The Turtle Trader: Feb 28, 2008

Thursday, February 28, 2008

The Turtle Trader Trend Analysis Hang Seng

The Turtle Trader Trend Analysis
Hang Seng Index Futures 2/28/2008
close: 24,551

Be prepared for a potential short term price fall back to the 24,479 area. The current trend is down and all orders on the short side may be considered. Market activity analysis suggests that long trades may have a lower probability of success.

If already holding short positions, we would look to take partial profits at any retracement to 24,669. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 24,669.

This review is not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. Past performance is not indicative of future results. There is a substantial risk of loss in futures trading. Futures trading involves a high degree of leverage, which allows for large returns, but also large losses. Due to the high degree of risk you should carefully consider whether commodity trading is appropriate for you. This information should only be used by investors who are aware of the risk inherent in futures trading. The Turtle Trader accepts no liability whatsoever for any loss arising from any use of this review or its contents.

Momentum Analysis TiMSCI 29/02/08

MomentumAnalysis
of MSCI Taiwan 2/27/2008

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 93.9871. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 64.74. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.
Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 157.This is an overbought reading. However, a signal isn't generated until the indicator crosses below 100.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line.

This review is not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. Past performance is not indicative of future results. There is a substantial risk of loss in futures trading. Futures trading involves a high degree of leverage, which allows for large returns, but also large losses. Due to the high degree of risk you should carefully consider whether commodity trading is appropriate for you. This information should only be used by investors who are aware of the risk inherent in futures trading. The Turtle Trader accepts no liability whatsoever for any loss arising from any use of this review or its contents.

Indicies Futures Technical Points 29/02/08

DISCLAIMER & WARNING

Stocks, Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks, futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.