Friday, August 31, 2007

Memoir of a pirate.. #2. (story starts below)



Back in 1996-97. KLCI Week chart.

Recent KLCI daily chart.

Truncated Diagonal Triangle 5th wave pattern is rare, but if you happen to see one in the KLCI chart, run for cover! Truncated Diagonal Triangle 5th has five waves sequence, but overlapping each other. This happens when the big guys are delaying the eventual collapse by trying to artificially maintain good prices in a hope to distribute stocks (knowing that the market has got nothing left on the upside! "Someone else's money, why do I care!").
This artificially maintained price levels usually comes with very promising news of the economy and very optimistic corporate results projections and developments. Always remember..., "MOUs" are nothing unless you see things developing with your own naked eyes!
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)