Wednesday - 5 Mac 2008
8.45 a.m. - Malaysia time zone
Yesterday was the day, I believe, most speculators have been waiting for ! Everything that goes up must come down, except, off course , your age. I did say that the market would be a black bar if it open above 4355 but I did not expect the market to fall "engulfinging" the last white bar.Well, sometimes , it happens when you least expect it.
The market open at 4445 and closed at 4099. The highest was at 4486 and the lowest was at 4071. The longest fall ever seen.
Those who have not entered the market after opening of the market might probably have entered by looking at the formation of the trendlines especially focusing more on selling rather than buying.. Even so , due to the spread per tick was so high, some might have decided not to enter at all. And I believe those who had not entered the market might have regretted deeply.
In normal circumtances , after a big fall, the market on the next day would be a white bar ( It depends on the opening, off course ). Even so, I would prefer to say that the market, in very short term, is in a bearish position at least in the early part of the trading day.
But due to some reasons, including I have to attend to a consultation appoinment, I am not able to make any speculation for today.