VK TECHNALYSIS SERVICES (VK 技术分析服务): Market today 10/12

Thursday, December 10, 2009

Market today 10/12

FBM KLCI rebounded 4 points today and closed at 1259.9. However the market participants further declined by 8.3%. This is to say that more investors chose to sideline. The overall market trend remains bearish biased. If the market volume remains weak in the next few trading days, very likely KLCI will test the crucial support at 1237.

Our market mostly influence by Dow Jones and regional market. Let’s look at Dow Jones first. On the chart there are 2 trend lines A, B and a horizontal support line at 10105. The resistance is 10516. The outlook of DJ at this stage is under consolidation. The short-term bullish outlook is not damage yet unless it further breaks down below 9700 points. Right now it is supported by the trend line A. If the trend line A is broken, the next support is 10105 and the trend line B. Let us monitor its trend closely for the next few days.

Note : Keep monitoring SUPPORT. It is well supported at 1.24. I had been watching this stock for 3 days.

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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