Ads

Tuesday, November 28, 2006

Correction or consolidation

The higher you go up, the harder you fall. Look at Hang Seng and Jakarta, falling 2.9% and 2.2% respectively.

So, is this just a minor correction or the beginning of a consolidation? I think it depends on Malaysian currency against USD. Still cannot break 2.63.

Anyhow, for the foreign funds, I think they are content with the coming Christmas bonus.

So...maybe we shall have a month long consolidation until next year. So what will the fire pig brings us? Any hints from Mr. Market?

5 comments:

Anonymous said...

You are talking about the end of the World? Every day I'm raking in hugh profits, and you? Crying devil?

Anonymous said...

Michael you are the MAN! Be our sifu! Lead us to wealth and glory! Tell us when you buy and sell. We will follow you!

Anonymous said...

It's the beginning of the end. Where players are caught in the web of greed and cannot see it for what it is.

Don't cry over spilt milk ah....

Anonymous said...

I rake in hugh profits every trading day no matter market up or down. Check for yourself from my posting here:
http://www.malaysiabourse.com/forums/mybursa/index.php?showtopic=2065&st=0

Anonymous said...

hugh profits... hahahaha frm hugh grant / hefner is it ?