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Tuesday, October 4, 2011

KLSE on Oct 4

Better take this second chance to get out of Market during the peak of a dead cat bounce..

1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish) - This is a downtrend confirmation and it was a bear trap!!
3) MACD -Bearish Crossover (Bearish). If today retrace again 4G1R will appear to confirm bearish
4) RSI - Floating aroubd 30% (Undetermined) - and break below it will be a Sell Signal
5) Sto - Bear catching up with Bull , bad indication (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Black candle after spinning top (Bearish)


      0 Points

Winner Bear ( Throw down wrestling style)

USA and Europe Index shows a lower low trend which indicates it will go further downwards

Entry Price 1397
Resistance 1443 and 1424
Support at 1352 and 1342 and 1314

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)


  1. Mudajya looking to retest 2.35...Tis morning it manage to sustain above rm2 the psycological level rm2 that it broke some weeks ago..can mudajya be like supermx up 20% in 2 days-spsetia-wb stiill in my head

  2. Advisable to stay of the market since lower high has been detected in Dow Jones, KLSe and global Index. Investment now it is be gambling on 1 to 100 odds which is highly risky. Not my appetite :)