Monday, December 22, 2008

The up rally is over

KLSE index today morning had hit higher and touched 887 points in the morning shift but the profit taking activities prevented it and at last closed at 874. In my opinion, KLSE index will not hit higher than 887 point for year end. Because of: -

a) Palm oil price and crude oil price would be adjusted heavily in this coming days.
b) MRCB and Gamuda resistance price stand at 76 cents and RM1.91 respectively.
c) The heavy adjustment will be happen again in the Euro country and Hong Kong equity market.

The above factors going to join up together soon. This is bad news and bad effect to the entire world market. Hence, I am here to suggest take profit at equity market immediately and sell “Short” again in the Future market.

1 comment:

Edmund TTS said...

go improve your english