20070208 Deutsche Bank said today Malaysian market is still bullish and not overbought. I don't know about you, but looking at the KLCI chart, it looks pretty overbought to me. Sometimes these people may be brilliant at interpreting fundamentals, but technical analysis skills need improvement. Fundamental data sets the tone for the Medium to longer term horizon, but regard must always be given to technicals for trade timing, exit and entries, in my honest opinion. But still, once you have good fundamentals behind you, there is no temptation to fall prey to 'stock tip' from acquaintances to get into a spec stock.
0 Comments:
Post a Comment
<< Home