Hey guys & gals. Sorry for not posting for couple days. I have been busy with some personal matters. I hope to resume posting sometime after raya. Before that, I just want to share some opinions about the market.
Yesterday and this morning, we’ve witness some of the biggest fall in Dow Jones and Malaysia market. [...]

Did you exit the SHORT trade after the 2281 STOP LOSS point was hit? I’m sorry if you did not. Treat this as a lesson and be wiser next time. The price went up to 2313 at closing after the STOP LOSS point has been hit. This was because the crude oil rebounded back [...]

After the Bursa CPO broke down from 2300 level this afternoon, a SHORT trade was placed at 2295. Put my STOP LOSS at 2281. The market seems to be very bearish from the political uncertainties in Malaysia and also the likelihood of the 700 Billion bail out plan failure. Trade carefully.

The Bursa CPO is at congested, low volume trading zone. For this to break lower, it will need to close below 2300. For it to go higher, it has to stay above 2316. Now is not the entry point, but i believe in the afternoon session, a major up or down swing should appear. [...]

The Light Sweet Crude closed lower after the DOJI. However it is moving on the sideway right now. It will see more movement in the afternoon session.