CPO Market To Go Up?

Some say the market now could be at the lowest point and may reverse to go up at any time. The question now is when? Or the market may not go up for the time being and instead is preparing to go down south. So which is which?

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Today

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In the long run, the market is still bearish but the short term the market is in the uncertainty situation.

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My forecast for today ;

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1) If the market opens between 2038 to 2055. Buy after the market has dropped 9 points from the opening point. Be careful of the market false alarm or buy after the market has passed the levels between 2060 to 2065.

2) If the market opens between 2056 to 2068. Buy after the market has dropped 9 points from the opening level. Be careful of the market false alarm.

3) If the market opens between 2068 to 2078. Buy after the market has passed the levels between 2083 to 2088.

4) If the market opens between 2028 to 2038. Sell after the market has dropped and passed the levels between 2018 to 2023. The market may fall further if the levels between 2013 to 2017 are broken down.

5) If the market opens between 2003 to 2022. Sell after the market has moved up a bit and then falls 5 points below the opening level.

6) If the market opens between 2084 to 2100. Buy after the market has dropped a bit and then moves up 6 points above the opening level.

7) If the market opens other than the above, it is your call.....

8)Please refer to my previous posting dated 12th January ( see # 6)

That's about it, if you are not sure, just contact your dealer but not the political representative of your area as he only talks something that you would like to hear....

Have a nice trading day guys...

P/s I still have this intrupted internet connection problem from time to time and to Malaysians out there, if you are thinking of using Telekom Malaysia ( TM ) as your internet service provider, just forget it! This company is nothing but #@!*(08&^%$. If you make any complaint, they just simply ignore you!

6-8.46 a.m.