Monday 26 September 2011

FBMKLCI crash crash crash

That day , I was mentioning whether the big boys will let our CI crash toward 16% (1348) from the peak, they only takes 2 weeks to decide and let us go southward at super speed.... WOW ! nowadays intraday > 50pts negative is quite common, we see it now and then.  And today, she crash below the 78.6% Fibonacci support (1319) before decided to retrace upward back and stay above this support, closing at 1331.8. . Hmmm.. given today DAX at 3%++ at the time I'm writing and if Dow close positive, there will be a good rebound for us, again is not to buy stocks but maybe to clear some of the losing long position. Well, those who interested in  long the FKLI, may able to give you some quick bucks (to me, I will not long futures , too risky and you will not able to get a good sleep at night worrying Dow will have a big crash or not while you are sleeping. 

My post on 13/Sept.
http://reiccs.blogspot.com/search?updated-max=2011-09-23T23%3A45%3A00%2B08%3A00&max-results=8

Today chart .

Pure Fundamentalist may say CHEAP CHEAP CHEAP &  BUY BUY BUY to average down, well, lets see how one think, if we are to buy now and setting a target to complete all the buying, my questions is what IF after finish up ALL your fund to buy a particular good stock but she is still dropping for another 30% , then how, see other people can buy lower than you by 30%, the feeling not good , right ? Ha, then, by using some TA to help you judge the SELECTED Good Fundamental stocks, when we can start accumulating would be better, I would say at least the WAITING would be much shorter. Hmmm, I will be on a look up for this. Again, I still use some of my money to do dollar cost average for the GOOD stocks that give HIGH dividend like those REITS.

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