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rasour.blogspot.com

Rush Hour

Wednesday, August 24, 2011. The index open gap up just above daily Pivot point implicating a bullish day, It did found support at t daily S1 before reversing to uptrend to close at day’s high just below daily R2. The bullish tone printed. A bullish candle with a short lower tails indicating substantial buying support. Yesterday, volume was quite low with retailers and local institutions were net buyers. Today volume traded improved from yesterday. Subscribe to: Posts (Atom). Testing the low of 1423.

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Rush Hour | rasour.blogspot.com Reviews
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Wednesday, August 24, 2011. The index open gap up just above daily Pivot point implicating a bullish day, It did found support at t daily S1 before reversing to uptrend to close at day’s high just below daily R2. The bullish tone printed. A bullish candle with a short lower tails indicating substantial buying support. Yesterday, volume was quite low with retailers and local institutions were net buyers. Today volume traded improved from yesterday. Subscribe to: Posts (Atom). Testing the low of 1423.
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Rush Hour | rasour.blogspot.com Reviews

https://rasour.blogspot.com

Wednesday, August 24, 2011. The index open gap up just above daily Pivot point implicating a bullish day, It did found support at t daily S1 before reversing to uptrend to close at day’s high just below daily R2. The bullish tone printed. A bullish candle with a short lower tails indicating substantial buying support. Yesterday, volume was quite low with retailers and local institutions were net buyers. Today volume traded improved from yesterday. Subscribe to: Posts (Atom). Testing the low of 1423.

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rasour.blogspot.com rasour.blogspot.com
1

Rush Hour: Lower for 4 straight weeks

http://rasour.blogspot.com/2011/08/r3-1558.html

Sunday, August 7, 2011. Lower for 4 straight weeks. A massive gap opening on Friday, with FBMKLCI falling for straight 4 weeks. The first occurrence of four straight weeks with lower closing since market upturn in early 2009. On the weekly chart, the index has been falling with increase volume traded. Having close below the 30 week MA, and the MA with a slight negative slope the outlook for Bursa Malaysia is not that promising. Live Economic Calendar Powered by the Forex. Trading Portal Forexpros.com.

2

Rush Hour: Filling the Gap

http://rasour.blogspot.com/2011/08/filling-gap.html

Friday, August 5, 2011. FBMKLCI moved strongly the first hour of opening moving higher toward the mid point of R1 and R2. It slip down and went flat before succumbing to selling pressure after lunch break to go lower of the day at above pivot. It closed near. The day’s low forming a doji with long upper wick. The close is just below the long term down trend line. It clearly indicated the market is pushing to fill the gap but not forceful enough to do it. Live Economic Calendar Powered by the Forex.

3

Rush Hour: One week lost of RM65 Billion.

http://rasour.blogspot.com/2011/08/one-week-lost-of-rm65-billion.html

Monday, August 8, 2011. One week lost of RM65 Billion. The local bourse lost another RM33.76. Billion in value today after the FBMKLCI fall below p sychologically crucial 1,500-level and its intra-day low fall of 1476.24. Almost touching current year low of 1474.38. The current total market capitalisation of Bursa Malaysia is about RM1.27 trillion. From last Monday, the market capitalization has reduced by RM65 Billion. For two straight day. For market recovery is a hard sell. Testing the low of 1423.

4

Rush Hour: Gap

http://rasour.blogspot.com/2011/08/gap.html

Wednesday, August 3, 2011. FBMKLCI open lower than yesterday close with a wide gap just below S2. It sagged below S3 in morning session before recovering by lunch time. The bearish candle form a gap bar, a second gap within six trading days. The two gaps that formed recently is similar to the two upward gaps that occurred in mid June (see the oval shaded area). With all the three MAs having a negative slope, the market is expected to register a further fall but in the immediate term I am waiting for.

5

Rush Hour: July 2011

http://rasour.blogspot.com/2011_07_01_archive.html

Monday, July 25, 2011. The deadlock in raising the US debt ceiling raised concerns for a default in the US's credit rating and hurt the Asian market sentiment. Locally, the local bourse as indicated by FBMKLCI is still bullish with 50 MA above 200 MA and both are still slopping positively. Furthermore the ascending trendline is still intact. Today the index fall but the volume traded is still less than the previous two days. With 20 MA at neutral position, the index is being tested by the 10 MA. 1 close ...

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Rush Hour

Wednesday, August 24, 2011. The index open gap up just above daily Pivot point implicating a bullish day, It did found support at t daily S1 before reversing to uptrend to close at day’s high just below daily R2. The bullish tone printed. A bullish candle with a short lower tails indicating substantial buying support. Yesterday, volume was quite low with retailers and local institutions were net buyers. Today volume traded improved from yesterday. Subscribe to: Posts (Atom). Testing the low of 1423.

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