Tuesday, November 20, 2007

Key Date For Stock Market To Come back and start rally

The date should be around 24/25 November which is this month. On 28/29 november or 3rd december could be bargain buy as well. However you still need to keep to the rules which is cut loss when drop below support and lock profit if it cant pass through resistance level.

Rules that you shouldn't break:
1. Buy when the price near/at resistance level.
2. Sell when the price is near/at support level.

Rules that you should follow:
1. Buy when price above support level or break resistance level.
2. Cut loss if price drop below support level.
3. Lock profit if the price cant pass through the resistance level.

* noted that the range stated here might subjected to variation 0.01 / 0.005.
(e.g if support level is 0.25, sometime it could be varied to 0.24 or 0.245 so if price drop to 0.235, you should come out and cut loss)

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