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: Jul 4, 2008

Friday, July 4, 2008

5:49 pm - Trading Pivot for 7 July 2008

For FKLI


For FCPO


4:31 am - Strength appear from down bar !

Look at MayBank and the KLCI !






This is way the halt shud come to an end KLCI low point @ 1120.0. For Maybank, it has to be today low @ rm6.85


3:51 pm - KLCI is forming COG ????


3:20 pm - BAT is testing 200 MA - a major support @ Rm41.20


Even a blue chip is being tested !


2:41 pm - FKLI selldown after lunch !


More bad news out or just the public reacting to the news !


2:16 pm : Political landscape is interfering the stock market landscape !

I was expected the market to drop hell a lot of today but the politician had a few tricks in their sleeve. Even the GLC banking counter held on !




KLCI is at 61.8% retracement from its high of 1522 and its low at 879. If pending no more bad news, KLCI is rebound back from this level. But I doubt so, the market may moves sideway for a while.

11:26 am - Interesting news from Bursa !


You be a judge to this !



10:55 am - KLCI is staging a small recovery !


Before another big wave of selldown !


9:29 am - Even good counter like PB Bank is getting hit !




9:10 am - KLCI gap down reacting to the news in your local paper !


Most of the counters gap down. Remember ! Strength comes from down bar ! Big players may come and support the market today !