Well, we have seem the technical re-bound which expected happen on tuesday(18/7/06) and unexpected sell down on majority speculative counter ex; Iris, MTDinfr , tebrau , Polytwr and etc...
My advice here on short term are;
1)To avoid or side line the speculative counter for a while , we need to wait for the market to be cleared then we start to put in our troops again. Seem like the sell down is target on speculative counter.
2)As i have mentioned many time , our CI have to stay above 915 and steady then our market will extend its strength to another level (early stage uptrend level). the immediate CI support at 898
Happy trading.
13 comments:
We sideline on speculative counter, but we can monitor CI counter Ex; Magnum (3735)
If the CI breakthru 915, monitor the 100 index counter
The CI finally enter to early stage uptrend after it break thru 915 .
At this stage , we need to monitor CI 100 index counter, because the index is contribute by them.
Gaming counter; Magnum , which i have stated in the first comment yesterday.
currently up 6cents at 2.02
Our market has enetred into a charateristics of "raise on index but fall on counter" which mean the focus is on the CI index link counter and fall on the 2nd and 3rdliner counter 9speculative counter).
As i mentioned earlier on this post, pls avoid and sideline speculative counter.
Importance message is given on this kind of charatersitics ;
1)Market is going to run on sideway.
2)The speculative counter (2nd and 3rd liner)will face selling force.
The current trend now is "early state uptrend" , and it will help CI index to maitain above 900.
If CI want to go to "solid state uptrend", it need to stay above 930 , then another charateristics will appear.
Pls dont contra or intraday trading , not much profit margin and the winning probabilty is low.
can anyone give comment on current market? just to share your opinion.
within a month, market will give us suprise and i will post inside this blog when the time is ripe. stay tune.
Twinkle,
Basically, Iris now is located at the no way position, you have 50% win or lose , it support well on RM0.70
for me, i dont play on 50% game.
Pls standby and get ready your troops, we may go to battle again in coming 1 to 2 weeks.
i cannot tell now, because it have not happened yet, when the new charateristic appear then i can describe more.
Dont touch anything , no signal appear. at this moment , remember i said on last week, dont intraday trading and contra, no profit margin and low winning probabilty.
I will update on this blog, if any signal appear.
Post a Comment