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Monday, December 24, 2007

Market on holiday mood

The KLSE had been on a quiet mood over the last week due to the many holidays. The KLCI continued with its down slides earlier part of the week as a continuation from the previous week's fall. As mentioned in the last post, CI gone down to 1382.44 to close the gap that was created on the 30th Nov due to the listing of Sime Darby. CI closed the week above the 1400 psychological level at 1403.56, however, the volume was low, averaging about 600+ million daily which is not very encouraging, probably due to the holiday mood.

This is a good time to take a rest and review the trading results over the last one year. Be truthful to ourself when reviewing, look back at the mistakes that we made and make an improvement on it. Share trading is a learning journey, one can improve his trading skill over time, provided that the person is always willing to review his / her own mistakes, learn from it.

I take this opportunity to wish every one a better and profitable 2008, Merry Christmas and Happy New Year!

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