Wednesday, December 13, 2006

Still No Leads. More Wait & See


KLCI down 0.9% at 1078.83 on heavy selling; may drift within 1070-1080 range for rest of day on lack of news. The selling today is driven mainly by foreign funds, with some local funds absorbing some of the selling; the local market is also not reacting to positive newsflow because it's over-priced technically. The profit-taking is considered healthy as it corrects the overbought position that was apparent since mid-August this year.


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5 comments:

Anonymous said...

hi,can u tell me more about favco and muhhibah?u trade based on TA or fundamental?

Anonymous said...

are you nik71? you sound like nik.

pakdi said...

u play genting...r u muslim?

Tauke Saham said...

No, NIK71 if i'm not mistaken is a good player using Fundamental Approach.

As for me, I'm totally technical person, using trend following methods - adx, gann, fibo & parabolic.

Tauke Saham said...

hi Pakdi,

Yes I'm muslim but I'm also a remisier and got a few clients holding genting.