15th August 2006
Today is crunch day.
My Feng Shui Relative Strength Index is forecasting a downward correction.
Yesterday’s close on the Kuala Lumpur Stock Exchange Composite Index is no surprise. Last Saturday, I had said that it would test this point again and when it did you should look at selling.
The index future moved up to close the gap at a discount of less than 5 now. This is interesting. It looks as though the future players are gaining confidence about the market. Then again this could be a ploy to get people to buy. We shall see.
Daily RSI on KLCI is turning upward. If you are a cautious player, wait for it to cut down below 80 before you sell.
Happy Trading.
Today is crunch day.
My Feng Shui Relative Strength Index is forecasting a downward correction.
Yesterday’s close on the Kuala Lumpur Stock Exchange Composite Index is no surprise. Last Saturday, I had said that it would test this point again and when it did you should look at selling.
The index future moved up to close the gap at a discount of less than 5 now. This is interesting. It looks as though the future players are gaining confidence about the market. Then again this could be a ploy to get people to buy. We shall see.
Daily RSI on KLCI is turning upward. If you are a cautious player, wait for it to cut down below 80 before you sell.
Happy Trading.
posted by Trading Derivatives for Profit at 7:21 PM
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