The market volume continues to decrease further. It is harder to made short-term money now. We observe many stocks are having bearish signals now. Examples of these bearish signals are Head and Shoulder, Bearish Divergence, Lower High and Lower Low. Even Supermx, Adventa and CIMB have a Bearish Divergence signal, Genting form a lower high and KNM form a Head & Shoulder pattern. All these symptoms tell us that the market is going down trend. We are looking for a rebound at 1237 if it comes down. Otherwise we will see a more severe correction this time.
Take Note:
Due to the low market volume, it is very hard a made short-term profit at this time. I will skip mid-day commentary for the time being until we see a volume improve. However I will continue to provide daily market commentary after the closing. I will post more examples of the bearish signals, which I mentioned above. I will also post a weekly technical analysis tutorial and share trading for the beginner. Please login regularly to check the update on this Blog and the Tutorial Blog.
