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Tuesday, October 23, 2007

危机 = Opportunity hidden in a crisis

DJIA on last Friday fell 367 points (-2.6%) to closed at 13522 has caused almost all major markets worldwide to open with a gap down on Monday. A repetition of "Black Monday". The KLSE opened at 1349, down 21 points, and registered a low1339.36 within the first 10 minutes, thereafter, the CI rebounded and moved gradually upward within a tight band, and closed the day at high of 1350.81 (-19.36 points, -1.41%), the mildest fall among regional markets.

The market actions of KLCI formed a hammer on the CI chart. This shows that the fall was actually caused by panic of investors for a short moment only, and the buying support was good, hence, managed to bring CI up above the opening price. There were many who actually sees this as a opportunity in a crisis to collect quality stocks at discount.

Some of the strongly trending stocks that we are following, such as IOICorp, BHIC, Maybulk, KNM, Kretam, Unico, Icapital, BJCorp offers good opportunity for collection at lower price.

Idaman shows a strong bullish reversal.

(KLCI - daily, click to enlarge)

(KLCI 5 minutes chart)

Disclaimer: The above is not a recommendation to buy or sell, all suggestions mentioned are purely for academic study purposes for our trend trader club members only, and the author may have personal interest and position in some of the examples mentioned. Any losses incurred if you were to trade base on the study examples above is sole your own responsibility. Do consult your dealer before taking any action.

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