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Wednesday, September 21, 2011

klci biz 20/9

Looking at the statistic,foreign are still nett sellers,retailers are the heroes,but are they walking into a bear trap?

rumours news and views 21/9

DJ closed 11408.66 up 7.65pts SnP 1202.09 down 2pts DJ GIVE UP IT'S 140PTS GAIN guess traders do not like to go home with a long position after last week's run and wait for outcome of the fomc n greece problem.
KLCI open 1413.45 up 2.81pts high 1414.55 up 3.91pts low 1408.73 down 1.91pts ,since slowly crawling up,as i mention in my FB YESTERDAY u may see a rebouce, today how far up it can go will depend on the buying interest of market players.Even in bad times,there are counters that good for trading if u look hard enough,D bhd is 1 of them.Take a look at the chart,what does it tell u since last week,even yesterday u enter u can make money,today looks like going into distribution phase.Smartag,still in consolidation mode, from the looks of it,the operater is very cautious,do not have hugh warchest.
KLCI closed 1419.04 up 8.40pts high 1422.16 up 11.52pts ,What's happening on smartag,chartwise looks good everyday up 0.05cts,emm! figure out will let u know.