Wednesday, June 17, 2009

KL Composite Index Breaks The UPPER Trendlines.

KL Composite Index already break its UPPER Trendlines. A breakout from Diagonal Triangle. So be careful how to trade cautiously in this few days. Today the market performance were not good at all. More selling than buying, so maybe a big correction has arrived. Just be careful.

I was not around today because I was in Manado, North Sulawesi, Indonesia for 3 days 2 nights.

Updated at 4.15 am. Dow Jones Industrial Average and the world equities markets are not performing well. They seems to be heading south pole rather than north pole. If the world equity market performance are bad then it will harm the local KL Composite Index.

If I'm not wrong, my advice right now is to use the best strategies - stay out from the share market at these moments. Wait until there is a confirmation that the share market is stabilize. Let the share market adjusting its correction before any attempt to accumulate but one thing for sure that the DJIA still play an important role to determine where the world equities markets are heading to.

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