The CPO futures had a good run the last 2 weeks .it reached to its highest price in the history of cpo to nearly rm 4490. Now it's on a correction mode.
Did ur see the cup and handle pattern it has developed since march 2004 till jan 2007 before it broke out the gate. When the price breakout it wait for nobody .The price shot from rm 2000 to rm 4490 within 1 year time span. Did ur noticed the time it's in a trading range . I t took nearly 3 years but when it shot up it took 1 year.
Did ur noticed the number 1 ... 3... numbers mention here? It's Fibonancci numbers .Remember the famous Italian mathematician.
Where now the CPO is heading? Is the bull market in cpo is Dead? Can we enter now?
Remember who ur are ? Are we days trader or are we position trader or are we long term investor? So differnt category of investor they enter and exit the market differently. I cant tell who you are unless you your self answer it yourself and then take the step accordingly.
Please read the title Know yourself in this blog posted ealier to find out more?
Again thanks for reading.
