dimpledbrain

The conceptual framework for a man's search for meaning

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FBMKLCI

February 3rd, 2020 by dimpledbrain

  1. On the 13th Jan posting, I mentioned that we have drawn the line 1550 to watch, ahead of time.
  2. Now lo and behold, the price is flirting continuously with the line
  3. We also know from my 11 Dec posting that the overall market is weak – and hence this forms our primary impression of the market
  4. Now that it has broken down from the line of 1550, it has a high probability of going all the way down to 1450 OR it holds at 1550 and makes another attempt to go above 1620
  5. On the balance of probability, going near to 1450 or thereabout is more likely at this juncture
  6. I m looking at the 1450 range and a consolidated base will interest me of a reversal.

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