Monday, October 24, 2016

Quiet Monday


Monday morning ... a quiet, cool rainy morning.

Man City drew and Chelsea won. Overall, a good result for Liverpool to stand at #2, temporary.



Watching some gold-counters ... lead by ZhaoJin.

Nothing much to watch ... KLCI is very quiet too ... thinly traded with a new IPO (BCMall) shooting high.

Yesterday, I went to Shah Alam's library ... could not find many investment-books there but there is a good book about Bursa published by BSKL. Will share some of the pages when I m free, not so lazy ... or if I m in mood.

Everyone is talking about the budget ... zzzz ... nothing much there la. No movement in stocks, either.

10.10 am : KLCI hit resistance 1672 again ... failing to breakout with lacking of momentum.



This is historical chart of KLCI ... technically, KLCI is toppish there ... perhaps, we could wait for correction to 1200 level to consider entering again? Or perhaps ... if it crash to below 1000?

Seriously, I could only trying to be patient ... and wait.

In the mean time ... doing nothing much could be boring and restless. Market is not going anywhere, pending election? Year-end, we shall see market up abit ... now, nothing much.

ok ... going for some lepak-ing again.

TEH

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