21st August 2006

I predicted the high the KLCI on the 14th August and it was spot on. The sharp fall did not eventuate until the 16th. The market recovered slightly the next day and since then has moved sideway.

Kuala Lumpur Future Index picked up steam to close at a 1 point premium to the Composite Index last Friday. Now this is interesting.

Are the big boys holding up the market for the Merdeka Day celebration?

My Interactive Strength Index (ISI) is predicting a sideway movement for this week. The low is likely on Wednesday the 23rd.

I still predict a low on the 30th of the month, Merdeka or no Merdeka.

Happy Trading.