Here's the picture!!!

No one can predict the bottom but we can anticipate the direction of how will it go & how can we minimize our losses. I believe that currently most of the retail traders are suffering in loss, so do I. And we are having our effort in the recovery as soon as possible. Running at a quite expensive P/E is one of the risk of our index nowadays, no good sentiment is the other risk that we're facing right now.

And it is also reflected by the chart that the index will go to nowhere as it has been confirmed by the chart that it's going down with a score of bearish (medium bearish) and the bearish is also confirmed by the chart pattern which is showing a "triple top pattern" which is quite rare but it happens in our index with volume increment significanty, capital outflow is one of the main cause of this declines.

Here's the chart:

Tomorrow, I expect a technical rebound only and it might not surpass the level at 3530 for tomorrow. Yet the index will continue to slide to around 3164.26 - 3283.85, which is around 5.93 - 9.93 % sliding. Quite far but this is only theoretically not practically. But still, I optimistically believe that tomorrow will be a technical rebound.

Rating: Sell On Strength; TP: 3164.26 - 3283.85

Happy Investing^^

Disclaimer ON!!!

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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