Different investors have different idea of market view too some use emotion to read the market some use logical way some use TA , for none of above is wrong, cos some time emotion work some time logical work fine some time TA work fine , for me TA should work better just because i use TA
Happy to see CI had move above 1760 go above it auto resistance level this level is a very important level if not able to hold above market will never have chance to go higher, if it really able to stand above 3 more days will meet a TC point the blue arrow. Even if they are using the same pair of glasses (whether emotions, logic or TA) different people see different things.
That what makes the game so interesting. When the Ci still move between the range of 1727 to 1793 if the volume increase dont you will feel strange, where the stocks come from ? so the interpretation of volume some time is very simple like reading ABC.....Z but some time not that simple .
Since after 8/5 CI move side way yet the Volume was keep so high make me worry not happy that is why i trade very consciously and I also always post chart then remind. After long time of range trading will create a side effect when a small drop come most of the people will feel scare, that is why early those few days all sort of news came out and many people feel like the world is going to end. Yesterday CI close was just touch the trend line ,today go above and pull back into the trend line again, if CI move as what i had forecast mean it may take about a week or more then will go above the upper trend line then further to uptrend.
KLCI was move along the upper trend line , friday high was above previous 4days high but close off high if that is a TC point mean Monday CI wont see a higher high than Friday. Let us just wait to see what will happen on Monday with strong DJI .
From below chart can see that CI is above the short term auto R/S that is good but is still below the long term Auto R/S. KLCI had jump over the two resistance line if it start to move north 5 more trading days will have a TC point of high.
Just don't understand why CI jump start just above my setting of auto resistance. This 15 years long bull run is coming to an end very soon for our Composite Index. There will be big push to trap people after the Hari Raya. Please beware. Concentrate on low liners and dirt cheap counters for huge profit.
Tuesday, July 2, 2013
