Wednesday, January 17, 2007

How high KLCI can go?



Rising its way up, KLCI's volume is indeed discouraging. While it is definitely not implying that the short term KLCI will drop due to the lack of volume momentum, it is indeed a weak signal. How high KLCI can go is indeed unpredictable...

Always, it is always better to be safe than sorry. The weak signal should warn us on the possible end of the run, unless the market's volume pick up its momentum again. For the mean time, as a human, we should start to ensure our focus on anticipating the end of the bull (even though in short term, KLCI is still strongly bullish judging from the price action alone).

It is always beneficial to remind myself and the rest of the traders: safety first, make money later.

Happy investing and gambling.

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