Thursday - 6th November 2008
8.30 a.m. - Malaysian Time
Yesterday, due to some reasons , I was not able to comment on the market and also on my forecast on last Tuesday's performance. Anyway, if you look at my last forecast, the market open at 1589, moved up to 1599 at 10.42 a.m., fell down to 1575 at 10.43 and shot up again to 1610 before settling down at 1600 before
lunch. If a sell had been made at 1585 ( 5 points below the opening level ) , you would have ended up poorer by at least 15 points. Well, that is it, you can't win them all.
Today
In long run, the market is still bearish, so is the very short term. My forecast for today is as follows;
1) If the market opens between 1636 to 1670. Sell after the market has moved up between 9 to 17 points after opening. For the best result, let the market falls a bit first before it moves up to the intended level. Stop loss between 15 to 20 points. Be careful of the false alarm. If the market manages to beat the level between 1681 to 1687, the market may go further up especially if it opens more towards the upper part of level 1635 to 1670. Any profits, just lock them up quickly. If the market falls beating down the level between 1619 to 1625, the market may fall further especially if the market opens more towards the lower part of the 1636 to 1670 levels and a black bar may be formed today or at least in the early part of the trading day.
2) If the market opens between 1670 to 1680. Buy after the market has moved up beating the level between 1681 to 1687.
3) If the market opens between 1626 to 1635. Sell after the market has beaten the level between 1620 to 1625.
4) If the market opens between 1680 to 1707. Buy after the market has fallen a bit and then moved up 5 points above the opening level.
5) If the market opens between 1600 to 1625. Sell after the market has moved up a bit and then falls 5 points below the opening level.
6) If the market opens below 1599. It is your call but I think the market will fall further.
7) If the market opens other than the above. I have no idea, it is your call. If I were you...... I don't know.
8) Don't forget the trendlines....
9) Please refer to # 9 ( Thursday's Tips dated 26th June)
10) Also #9 and #10 ( Thuesday's Tips dated 1st July )
That's about it. Just cross your finger. If not sure , just contact your commodity broker or .... may be you can call Obama...
Have a nice trading day.
.
8.30 a.m. - Malaysian Time
Yesterday, due to some reasons , I was not able to comment on the market and also on my forecast on last Tuesday's performance. Anyway, if you look at my last forecast, the market open at 1589, moved up to 1599 at 10.42 a.m., fell down to 1575 at 10.43 and shot up again to 1610 before settling down at 1600 before
lunch. If a sell had been made at 1585 ( 5 points below the opening level ) , you would have ended up poorer by at least 15 points. Well, that is it, you can't win them all.Today
In long run, the market is still bearish, so is the very short term. My forecast for today is as follows;
1) If the market opens between 1636 to 1670. Sell after the market has moved up between 9 to 17 points after opening. For the best result, let the market falls a bit first before it moves up to the intended level. Stop loss between 15 to 20 points. Be careful of the false alarm. If the market manages to beat the level between 1681 to 1687, the market may go further up especially if it opens more towards the upper part of level 1635 to 1670. Any profits, just lock them up quickly. If the market falls beating down the level between 1619 to 1625, the market may fall further especially if the market opens more towards the lower part of the 1636 to 1670 levels and a black bar may be formed today or at least in the early part of the trading day.
2) If the market opens between 1670 to 1680. Buy after the market has moved up beating the level between 1681 to 1687.
3) If the market opens between 1626 to 1635. Sell after the market has beaten the level between 1620 to 1625.
4) If the market opens between 1680 to 1707. Buy after the market has fallen a bit and then moved up 5 points above the opening level.
5) If the market opens between 1600 to 1625. Sell after the market has moved up a bit and then falls 5 points below the opening level.
6) If the market opens below 1599. It is your call but I think the market will fall further.
7) If the market opens other than the above. I have no idea, it is your call. If I were you...... I don't know.
8) Don't forget the trendlines....
9) Please refer to # 9 ( Thursday's Tips dated 26th June)
10) Also #9 and #10 ( Thuesday's Tips dated 1st July )
That's about it. Just cross your finger. If not sure , just contact your commodity broker or .... may be you can call Obama...
Have a nice trading day.
.
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