KLCI

 

Possible rebound for KLCI next week.

HAPSENG

INCORPORATING POINT & FIGURE STUDY INTO CANDLESTICK CHART

INITIAL STUDIES SHOW IT IS A GOOD IDEA TO INCORPORATE POINT & FIGURE STUDIES INTO THE NORMAL CHARTS.

KLCI PROBABLE SUPPORTS updated 051112

 

Medium Term System

This is just an academic exercise as you cannot trade the KLCI. You can only trade the FKLI.

A LOOK AT EXPLORATION OF 1ST NOVEMBER 2012

The exploration on 1st November threw up 17 counters. Of the 17 counters, 7 were winners, 9 losers and 1 unchanged.

The 7 winners had a total gain of 0.365 while the 9 losers had a total loss of 0.33 resulting in a net gain of 0.035

An analysis of the 17 counters resulted in 5 prospects namely SKPETRO, PARKSON, EASTLND, SMRTECH AND WCT.  Out of the 5, three were gainers (SKPETRO (+0.10), PARKSON (+0.10) AND EASTLND (+0.065) with 2 losers (SMRTECH (-0.015) and WCT (-0.03) resulting in a gain of 0.22

On a day the KLCI lost 19.56 points with 322 gainers and  398 decliners, the performance of the exploration and especially the 5 selected stocks can be considered not bad. 

For a look at the 5 charts, please refer to the previous post.

STOCKWATCH UPDATED 2nd NOV 2012

DYNAMIC TREND THEORY

Dynamic Trend is an entirely new approach to technical analysis trading, brought to you by industry guru Tom Joseph. 3 out of 4 instruments trade in the direction of the market. In other words, if the market is going up, so is 75% of what's in it. That’s the theory behind Dynamic Trend— trade in the direction of the market. Does this apply to Bursa KLSE? Good idea to check it out.