Thursday, November 20, 2008

Cut Loss

As yesterday mentioned, if Dec future index broke 854. The "Long" position would take immediate action to cut loss. The bad situation maily due to USA DJ broke 8000 points. There is not a bigger adjustment but technically broke the support level of 8000 points bring fear and panic to entire Asia equity market followed the down step.
I had been turn to "sell" position and waiting the spot market break 860 points of KLSE composite index. If really break the said support, I will further sell another contract to enjoy more profit because the 829 points would reach anytime from after breaking the said support.

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