Friday, June 22, 2007

Time for Bonds.

The Bursa closed again at an all time high @1391.57(+3.61) while the MDEX index futures was @1391.0( a Hangman formation) ie: a small white body with a long shadow below it.It has similiarity to a Hammer when it forms at a bullish top,it will be very bad for the days to come.This confirms the bullish hammer noticed 2 days ago.So investors,get ready to run for cover.A possible Black Monday.A Gap Down in the index is a sure possibility.The shanghai stock exchange Composite in the afternoon session was down 124.495 points@ 2.00pm and started sliding down to 205.938 points level @ 2:30pm.The speed & magnitude it crashes is likened an on coming tsunami.

Inspite of this volitality,investors have to react fast without hesitation and not wait-and see attitude.There are chances you can make a comeback again.
As for stocks,SAPCres,20 cents ordinary shares saw Seadrill Ltd,14,Par-La-Ville Place.Hamilton.HM08 Bermuda bought a total 12m shares between 12June to 15June.It closes at RM2.00.Be on a lookout on this stock.