Monday, February 26, 2007

Ideainfo & opinion

AsiaEP shows a runaway gap with a white candle which has a long lower shadow. It closed the day at 82c after an intraday high of 83c. Volume has dropped a little bit, but is still on the high side. This is bullish.

At the KLCI, an engulfing black candle has appeared with reduced volume. This is bearish. If the next candle closes below the low of this candle, i.e.1, 270.40, a correction is likely to commence.

LB Aluminum was looking fairly good throughout the day. But since it closed with a long upper shadow, it is better to wait for a better picture to emerge before doing anything.

Before you attempt to beat the odds, be sure that you could survive the odds beating you.
Larry Kersten (American sociologist & author)