Next Master the Markets Foundation Course 1.5 days - Sept 14-15, 2009. Call Dolly 03 4252 4149 to register ! Bursa Malaysia (KLSE) :-) martin_tf_wong@hotmail.com: 5:38 pm - KLCI has high volume. I think we have double bottom here.

Wednesday, October 8, 2008

5:38 pm - KLCI has high volume. I think we have double bottom here.


Notice the high volume also with FKLI futures.

2 comments:

Anonymous said...

normally for double-bottom, the volume on the left is higher than the right. your chart has higher volume on the right, not the left. Not a strong signal.

Martin said...

Interesting ! Thank you for your comment !

Yes, the volume on the right shud be lower than the left denote reduced sellers. When sellers reduce or absence of seller, the market has a chance of going higher forming double bottom.