Saturday, July 25, 2009

New Highs: KLCI Futures 1166 & Dow Jones 9100

KLCI has hit a new high at 1166 and US Dow Jones has also hit 9100 Level. Market seems very bullish. How ever, beware of profit taking levels.

KLCI Futures soften down to 1150.50 yesterday after it breaks new high at 1166. Then went up to & Closed at 1157. I believe that KLCI Futures will always soften down a bit after it breaks a new high. it won't come down more than 20 points for now.



Trade using the Seller vs Buyer technique and monitor your MACD and Parabolic SAR. And take profit when u see the MACD starts to trend down.


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