1st Apr - 11 May : Volume hit 3.85B at peak @ 1034 (Please refer to 2006-2007 chart & volume)
As public becomes optimistic and believe that any stocks they are buying would make them money, smart monies should be catious about the current trend and be prepared to exit whenever the volume surge higher than 3.85B OR beg the profit which satisfy you. Do not be greedy.
I believe we will see another volume peak in 2 weeks time before Invest Malaysia 2009. Again, volume could be your bellweather. Sell on strength.
Some data for reference
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(2006 - 2008)
Wave 1 to Wave 2 was around 2 months and 3 weeks.
Wave 1: Volume 2.2B, KLCI retraced 6%
Wave 2: Volume 4.85B, KLCI pulled back 17.8%
Wave 3: KLCI pulled back 16.7% with average 2B trading volume
Declining trend of trading volume until Peak @ 1505.71 , average trading volume at 2B
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3 comments
I could it heading higher in the near term as you write. Looks to be moving with the markets for the most part.
till now i still dun have courage to buy stock yet..do u have any idea for me?
如与香港,新加坡,美国指数比较.
综合指数的调整幅度是最低的.
目前区域股市的调整都偏强,
给股市继续创新高带来阻碍.
但也给还没上车的人一个入场券.
激进的人"把握"机会;
保守的人"郁郁"机会;
胆小的人"失去"机会...
综指中期趋势,继续保持健康状态.
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