Date: 10th August 2006

The KL Composite Index is holding its own although the signs are indicating a correction.

Kuala Lumpur Future Index showed signs of weakening when it was not able to breakout through the 938 mark.

I bet the future index will give us a guide to KLCI’s fall.

Once the Composite Index starts to fall, it is time to sell.
At the moment, both RSI and Stochastic (slow) are giving sell signals.

My Feng Shui RSI chart is indicating Composite Index may still move sideway till the 14th of the month.

Happy Trading

N.B. One trading tip, always key in your cut loss point when you enter a contract. This way, you protect your losses and you will not be affected by the daily swing.