VK TECHNALYSIS SERVICES (VK 技术分析服务): Market Closing 30/11

Monday, November 30, 2009

Market Closing 30/11

After having a panic selling in the morning , more than 200 stocks managed to recover and close positive. Some stocks like GPacket and Redtone even make a big gain for today. However I suspect the KLCI 30 components were under correction this time. Out of the 30 components, only Maxis, TM and Petdag are closing positive. Something is very unusual during the closing price calculation at 4:45pm. KLCI index suddenly drop about 6-7 points when the market resumed at 4:50pm. Futher analysed KLCI index, I discovered a few big caps like Bat, CIMB, Digi and a few others were pushed down during that time. KLCI minus 11.5 points and closed at 1259.11 with about 1 billion shares exchanged. Technically the KLCI had broken down the trend line. The resistance for KLCI now is at about 1264-1267 and the support is about 1250-1248.

Stock Market Language 股市语言

In the stock market everyone hope to "Buy Low Sell High". In practical, it is very difficult to achieve. There are 5% of the investors are able to achieve that however they are not buying at the lowest or selling at the highest. In other word they buy at the RIGHT timing and sell at the RIGHT timing.
每个人都希望在股市“低买高卖”。但实际上是非常困难的。只有5％的投资者能够实现，但是他们不是在最低买进或在最高卖出。换句话说，他们是在适当的时机买进和卖出。

Human nature is full of Greed and Fear. The emotion of human was reflected on the movement of the stocks' prices.
股票的价格变动中反映出人性的贪婪和恐惧。

What should we do while waiting for the market to correct?

No stock to buy very boring right? While you are waiting for the market to correct, you can actually sharpen yourself and get more funds ready for the next run.

1. You can subscript Winchart to sharpen your skill. VK Technalysis Services provides training twice a month in North Malaysia. Other regions please refer to http://www.straitsindex.com/.

2. EPF contributors have an option to withdraw EPF funds to invest on stocks from account No. 1 to standby and get ready for the next run.

For details, please contact VK Technalysis Services
Penang: 012-4168868 (Vincent Liew)
Kedah and Perlis: 012-4259118 (JK)
B'worth, Kulim and BM : 012-4212533 (Wong)

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