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Sunday, March 16, 2008
My trading strategy for 17/Mar/08~19/Mar/08, 21/Mar/08
KLCI: Downtrend is likely to continue, as candles of last three trading days were closed with little or no supports (i.e. mini tails or no tail). 1158 is immediate support level then. Next support level is 1120~1113 (1113 is Fibonacci Retracement 61.8% support level). Get ready to long FKLI if KLCI drops between 1120~1113, and on its intra-day rebound. Cut loss if it drops below 1113. Watch out for local and overseas holidays on 20/Mar and 21/Mar.
Maybulk: Just keep in view. Swing trade opportunity or trap...
Labels:
KLSE,
TA,
Trading System
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Words borrowed from Dr. Alexander Elder:
Trading is so exciting that it often makes amateurs feel high ...Nobody can get high and make money at the same time.
1 comment:
Just checked its shareholders changes history.. Not good. Ministry of Finance has been selling. No go.
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