JKSE Outlook

After being suffered in these two trading days, at which I am busy & can't monitor, and I also suffer the loss. I'm sorry to hear that my friends, fellows & members also suffer losses. These days create a new horizon in trading in my mind that I should create or modify my style in trading, not to change, but modification is needed.

These incidents make me conscious that there's sth lack of in the system I use. So, by this time, I will try to create a trailing point that can help us in protecting our profit. Some people use Parabolic SAR in protecting the profit, but SAR is quite slow in responding the stop.

I'll try to develop some method also that can detect a bearish reversal so that we have a maximized profit. Even nowadays trading is quite hard, but I'm still optimistic with the market for this year...

Based on the technical view, I see that the index indicates a very bad pattern which is rare but it really happen at our index, which is the 'Triple Top Pattern', which is a Bearish reversal pattern, while the pattern has been fully accomplished, I targeted our index will slide to a lower position but this market is quite unpredictable. The target will be around 3200-3300 for the finishing of the pattern which pattern is almost alike with the pattern happening in May 2010, chart will be at next post.

Best Regards,
Christopher Tahir
Blog: http://ez-stock.blogspot.com
MSN: chris_tahir@hotmail.com
YM: chris_tahir@ymail.com

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