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Malaysia Perspective| 15 June 2009
Small Pullbacks Limit Opportunities
By Malaysia Edition

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Extract Kuala Lumpur Composite Index Futures (FKLI) The stock market continued to be very bullish despite being oversold for quite some time. Pullbacks in the current uptrend rally were so small that many traders who waited for significant pullbacks were unable to ride on the current rally. Those who went short since the past few months were slaughtered. Those who traded on breakouts when the price created new highs could not gain high profits because rallies were small in the very short term. Only those who could take a long position and hold for a longer period were able ride on this rally. ...
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