As on my previous post “ Malaysia FKLI Futures Review For 18 Julai 2011” , Tokan Corner estimate that the market will still have the will to challenge 1600 resistance zone. But the questions is “ When ?”
Here is some enlightmen and some introduction... Hope with this introduction we will get one more knowledge and refreshment in our trading skills.
Adam Khoo is an entrepreneur, a best-selling author and a peak performance trainer. A self-made millionaire by the age of 26, he owns and runs several businesses in education, training, event management and advertising, all with a combined annual turnover of $30 million. He is the Executive Chairman and Chief Master Trainer of Adam Khoo Learning Technologies Group Pte Ltd and a director of seven other private companies. Adam is also a member of the Singapore Chapter of the Young President’s Organization (YPO).
Here is a sample of his post review on Stock Market Update June 17 2011
“The stock market has chalked up its first weekly gain since 6 weeks of sustained losses. This does not imply that this correction/pullback is over. For those of you holding stock positions in the market (including myself), it can be quite scary to see share prices fall day after day. Some of you may even have stocks fall below your purchase price, despite it being a good company with an undervalued price to begin with. That is what the stock market is all about –volatility; what goes up, must come down. The ability to psychologically handle this volatility is what separates the eventual winners from the losers of the game.”
“Where is the Market Headed?
This is the question people always ask and the answer that no one can definitively give. The important thing is to know where the market is right now and the probabilities that lie ahead. The fact is that the stock market is still on a correction/dip within a medium term uptrend. The Dow and S&P 500 are just at their 200 day MA and the Singapore STI is hovering at the 400 day MA (20 month)-a critical level. The Malaysia KLCI is very strong, barely affected by this downturn and Hong Kong has already BROKEN its 400 Day MA. As long as stock price candles stay above the 200-day and 400 day (20 month) moving average, the medium term uptrend will remain. If prices break below these two moving averages, then we will be in a bear market. We are not there yet…except for Hong Kong. “
Read more here .
“Again do check again Tokan Pivot For Tomorrow Setup For Short and Long on Dip”
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