Trading In Bursa Malaysia
A warrant addict speculating the market.
Wednesday, September 23, 2009
DX Daily Chart
Daily chart indicates that the downward movement may accelerate.
DX Weekly Chart
At (or almost - depending on RSI or Stochastic) oversold. A break of 76 means a possible visit to 72.
Implications of a dropping dollar: an inflation of asset prices.
USDMYR Weekly Chart
Looks like it has broken a H&S formation. Hurray for companies with large foreign debt (i.e. Tenaga and IOICorp)
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