8.30 a.m. - Malaysian Time
It seems that the market has already broken the level 1940 ( see my last posting) and a new phase of market movement is expected to occur. Anyway it is still hard to say either the market will move further up/down or will be floating at this sideline levels before deciding to a new phase.
My forecast for today's market is as follows ; ( sorry, no chart this time )
1) If the market opens between 1993 to 2010.
~~~~1.1 Buy after the market has moved up and passed the levels between 2015 to 2021.
~~~~1.2 Sell if the market has passed down the levels between 1982 to 1988. The market may retrace further if the levels between 1965 to 1971 are broken.
2) If the market opens between 1968 to 1992. Sell after the market has moved up a bit and then retraces passing 5 points below the opening level.
3) Please refer to #6 ( 12th January 2009 )
That's about it. guys. If you are not sure......
Have a nice trading day!