Monday, July 20, 2009

A quick take :KLCI wining streak....record...

Cash/KLCI winning streak record :-

1) total value 92.60 ( Mar 2007)
2) 9 straight day ( Mar 2007 )

Take note, "record" seems to stop at 80 points ++ OR 8 consecutive days. ( especially in 2008) ...wow all the "8"s!

Current winning streak

1) total value 76.00 ( at 1140)
2) 5 straight day ( inclusive of Monday, 20th)

Based on the fact above,

1) there are more room to go higher BUT not much margin.
2) a minimum pullback of 20-30 points ( 1/3) can be expected. Dont be surprise if mkt heads towards 1100 major support. If you are long, dont sell yet but work on a good sellstop strategy to lock in profits. Focus on weakness till a pullback.

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