To day missive are not meant to day traders or short term traders who are more equip and more terror and more genious.....
Its for midterm type of investor .. so our minds.. and our arsenals and tools to follow the market are of only simple and "mediocore ones only.. our computer is and old pentium 3 and our s/ware are mostly free with no real time subcribtions..
We learn and learn..
Our time frame it depands on the cyclic movement of that particular momentum and we only enter when the momentum had set in and and we exit our position when sign of exhaustion had set out.
sometimes it take 3 to 6 month.. all because we want to minimise cost of brokerage ..
coming back to klci If we were to study klci on what it did ...you all see tak at the read line at .618 is at (1450 level )expansion of this particular movemnet ,cyclic momentum.. it pass aggresively without any correction... so hurdle one is OK...
now hurdle no 2 fib 1.0
and now the klci is within fibo range of 1.0 that is green line.. bila ia sampai kat situ .. ia mula buat hesitation .. naik sekejap turun sekejap... if we wre to see the internals and trenline are all ok .. so our task is just monitor this indicator to see any signs of weakness.. right now all are OK nampaknya
Can it pass hurdle 3 and 4..
If our market translation is right the price macam nak pergi kat 1.5fibo extension ie at 1500 punya fib dan fib extension of 1.618 that is at 1530 level.. yes dia da pegi kat 1500
The real secret... is the price range and volume climax
Usually kalo dah sampai top... price range yang you akan lihat selalu nya 3-5 kali besar dari sekarang ni .. besar dan kecil nya senang aje nak tau .. you tengok kat 2008 punya price range ia kan sangt besar dari price range yang sekarang ni...
Market translation if wrong then ...again I got to pay another tuition fee to the market
