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2009-10-02

Dow Jones close low at 9509.28 with drop 203 point
























Just a few hours ago Dow Jones close low at 9509.28 with drop 203 point. US share market had drop continues for 3 days and if base on the chart Dow Jones index is forming a bullish pattern with slow recovery. The index turn bad if the index drop to support line 9200 but I think in US on Friday will have some bounds back and support on they share market.
























Back to Malaysia, FBM KLCI is in correction phase and base on the chart the index is moving toward 1,200 level and I think likely FBM KLCI will broken this level before bounds up to continues back the bullish pattern. However the risk for share market to drop is always there but as long as buy during share market in red sea will always give us the option to cut lose fast during technical bounds back if anything happen.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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