The correction we are expecting, i.e. 528 - 601 (28/5/2007 to 1/6/2007) is near.
On 515 (15/5/2007), our market did provide a buy low opportunity, unfortunately, broad market was so weak to spring up except KLCI, which shot up 20.34 on 522 (22/5/2007). Today the bad days are near, the market is expected to be cloudy and windy throughout next week.
As the traders, we are now ready with cash cow on hand to aim for buy low next week. Our broad market shows the downward move rather than upward move. No doubt there are some selected stock play such as WELLI, KENCANA and so on. Did you able to catch them at low? If you did, you are practising the right trading method, congratulations.
If you didn't, you may consider to try buy on weakness method which we believe, next week will be the opportunity. This is what our strategy for recent trade.
Wednesday, May 23, 2007
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