Tuesday, September 13, 2011

More Selling Pressure! Not An Easy Market To Trade With?

For the past few days, we can see there are still many counters create new lows. A low which is hardly we can see for the last one year. As we can see, it is not an easy market to trade with. Most of the good counters are experiencing more selling pressure with TopGlove take a very hard hit from recently sell down.

Basically I still prefer accumulate for trading purposes rather aiming for investment. Any accumulation done will based on any sell down from the share market. The Dow Jones Industrial Average still not stable yet at these moments with still so many uncertainties surrounding the European market. Based on the reading, we might see that the Dow Jones might be moving up and down around 10,500 points - 11,700 points these few weeks.

According to the bigger picture of the Dow Jones charts. In few months to come we might be facing more selling pressure from the BIG BOSS. This just a reading based on the charts and we cannot assume that it will happen. As we have already knew it and understand at this moment, the current share market trend was moving DOWN trend. So it is visible to trade carefully and look for more opportunity ahead when the time arrive (when panic selling occur).

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