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Thursday, May 1, 2008

Head and Shoulders... Hope not.

This weekly chart scared the shit out of me when I first look at it. Then I scrutinized it and found the Head volume was higher than it should be to fit the pattern of H&S. I can only hope I am right, because I have taken my long position in unit trust. Meanwhile, tomorrow KLCI will need to close strong for a good weekly chart.

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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.

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