Is the index hitting a low? It appears to be building a base above the 1,188 support level. I think we should see a low this week, probably marginally lower then the 1,188 level - maybe 1,180 or so. Being a contrarian is akin to taking on high risks - so, investors who cannot or unwilling to take on such high risks ought to wait a while before getting. And for those who choose to get in, keep your stops tight - very tight.
Because there are too many stocks to buy and you don't know which is better, you might want to learn a bit more about trading futures. Trading the KLCI index futures (which is listed on Bursa) can offer certain oppotunities which stocks cannot offer - such as Leverage and shorting, where it is allowed in futures trading. Nevertheless, it is a double edge sword. You can make as much as the market gives you but you could also lose all in a blink of an eye.
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1 comment:
The dust has to settle some how lah. But so far still alot of dust flying around!
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