December Month - An Accumulation Month ???

FBM-KLCI still looks strong, volume and turnover is not improving. Some of the counters are creating new low, some even try to sustain at their very best level. Can we still trade at these moments ????? Looking at the sentiment right now, the Malaysian share market shows more improving momentum.

Although the sentiment is improving, as usual choosing a right counter would play an important role to determine whether we can really make some gains out of it. At these moments not every counter can moved like we use to see it in the month of October and November. The sentiment was dull at these moments and if we are not careful enough we might get burn as well.

Based on past historical data for the FBM-KLCI, the month of December always a quiet month and a consolidation month. Usually during this time around it is an opportunity to accumulate and wait for the right timing to happen (for the share market to move up). Basically the share market will only really move after New Year has arrived.

This was based on historical data but we cannot always based or rely on that data. Sometimes the share market can behave differently and anything can happen during this few weeks. From my point of view this month would be an accumulative month. We must have some patients and keep our eyes open all the time in order to monitor the share market movement.

*** Can It Be Head and Shoulder Formation ??? *** Watch the chart.