Wednesday, December 13, 2006

KLCI @ 1079.60

Another black candle appeared making two in a row. This is bearish. Will this soil erosion lead to a landslide? Likely, very likely or unlikely? It's anybody's guess. But the market will likely go along the line of least resistance. And that is down.

Volume traded was 955.5 million shares. This is lower than the previous day's transaction of 1,294 million shares. Until a white candle appears, it is best to avoid any buying.

Going against the trend you must resist. Its much easier to swim with the current than against it.

The above commentary is my own opinion and should not be construed as a recommendation to buy or sell.

As always, you buy or sell at your own risk absolutely.