On 23rd had said 3 more days will reach TC of high it came true today KLCI move down trend let see when the go south movement will stop .
From my study I found a strange issue ,cos I found 2 date 1 on 30/7 the other on 1/8 ,which to follow ? I read it this way if tomorrow is the last day of drop mean 31/7 will start move bullish else the drop will continuous till 1/8. Look at above chart again found have miss out some important figure which I post at other group of the possible of CI 1792,1786 , 1792 had come true now just wish 1786 wont happen . Index always up had trap all the seller again trap the Index future shorters too wish it wont move down to let my TC work fine. Time Cycle tell only time not price or point , so mean can tell the time not mean the point too but for point yet wont sure of when it will reach. The TC high may extend to 2014 this is a big cycle how far it will go no body will really know, my forecast was it my go to about 2100 if it really strong might be we able to see 2600, if by yr 2014 it reach let say 2600 do you think at TC high will have only a consolidation ? will it pull back 50% or more ? My personal plan is when reach the said points i will just clear off all my shares then go off for a long travel ,so as to go away from the temptation of price movement.
When I said 2100 to 2600 it sound impossible right , this was just like during yr 1993 when CI was about 800+ I said yr end of 93 CI will reach 1300 also sound impossible . If it follow the time frame of 21 yrs should be around at 2014 to complete the cycle , but due to some external event the high wont move till the end of 2014 my forecast will end at around March to May, now let you all think what event will it be to shorten the bull run ?
This 2013 bull was forecast a few yrs ago . If by calculation, its about ending now if using precise point because the 13 years is also not full year. So 21 years also probably not full year. External events, I do not look at much because they can come up with 101 reasons when they want to push it down. If they want to end the bull run now, they can always do distribution now then later to have bigger pullback, just say Malaysia's debt is too high, almost to debt ceiling etc. Now I see the chance of the our stock market 1762 the support is here. panic selling had press most of the shares price down, was lucky some of my counters didt drop yet move up a little like LIIHEN, yesterday sold SCABLE now waiting for time to take it back. Based on Spotmth chart, first meaningful support 1720, followed by around 1700 (psychological, MA supports), then 1640 (via trendline). Steep drop, 2nd dead cross on short term EMAs, consolidation will at least be needed. Additional pullbacks or not, depends on the 1st two supports whether they are tested and if they stand. Most of us & our brokers were surprise of the weak rebound today.. Possible reasons : 1) today is friday, 2) National day celebration is 5 trading days away, some "forces" purposely slow down the rebound. Just my gut feel guessing.
Sunday, July 28, 2013
