Well ..... the Malaysian share market (second and third liners) finally make its move this week. Overall the sentiment is getting better and better with the National budget announcement just around the corner. The second and the third liners are showing more progress as well with the blue chips shares are in the mode of consolidating.
Turnover or the volume done still looks not big enough. I was looking at around 2 billion shares traded for a day. With the big turnover done, we might have a big Bull Run around the corner. At these moments there isn't any major negative news might occur but a precautions measure needs to be implement towards the Dow Jones Industrial Average.
No doubt the Dow Jones Industrial Average looks very nice but their index is reaching near their strongest hurdle or resistance at 11,200 points. If the Dow Jones manage to cross over that level with huge turnover done then we might have Bullish sentiment around the world equities market. This might help the Malaysian share market to move and break the New All Time High of 1,524.69 points set in 14th January 2008.
Turnover or the volume done still looks not big enough. I was looking at around 2 billion shares traded for a day. With the big turnover done, we might have a big Bull Run around the corner. At these moments there isn't any major negative news might occur but a precautions measure needs to be implement towards the Dow Jones Industrial Average.
No doubt the Dow Jones Industrial Average looks very nice but their index is reaching near their strongest hurdle or resistance at 11,200 points. If the Dow Jones manage to cross over that level with huge turnover done then we might have Bullish sentiment around the world equities market. This might help the Malaysian share market to move and break the New All Time High of 1,524.69 points set in 14th January 2008.
If the Dow cannot break that level of 11,200 points then we have to use a different approach to trade with this share market. Hopefully the Dow Jones didn't create a Double Top as there are few indicators showing weakening sign. To cancel that weakening sign the Dow Jones must move higher and higher.
3 comments:
Hello,
This is a inquiry for the webmaster/admin here at www.traderstruthrevealed.com.
Can I use part of the information from your post above if I give a link back to your site?
Thanks,
Mark
Thanks for sharing the link, but unfortunately it seems to be offline... Does anybody have a mirror or another source? Please reply to my post if you do!
I would appreciate if someone here at www.traderstruthrevealed.com could repost it.
Thanks,
Alex
Hi there, sorry I didn't saw your message.
I was in oversea, anything I can help .....
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