Market Sentiment (KSE-100) for the week of 18-22 May, 2009

I am feeling more energy when I see you believing me and my analysis. Once again I got tons of calls and emails related to my analytical report that I posted on different forums and websites.

I would like to add, the market is volatile and an ever-changing entity, presenting us every day various unique scenarios. Nevertheless, the market is more or less a reflection of people’s ideas and attitudes. No matter from which angle you look at it, humans are creatures of habit and this tendency gets reflected in stock movement. It’s what makes technical analysis reliable and profitable way to trade.

The ability to adjust to changing market environments is just one of the traits of a successful trader. Something that I’ve found helpful is taking the time to observe other successful traders and trying to identify characteristics that may have contributed to their success.

Unfortunately market failed to find the reversal trend, I do not see any opportunities for investors this week, high volatility will still be a part of the market, volumes may increase but we need to realize the market patterns are changed now, though I understand the trend is not establish yet, but it is quite enough to manage our risk management.

As I already mentioned in my weekly forecast about the fresh in coming selling pressure gaining control on buyers, now this is pretty much proved. I will call it a breakout on pattern.

Trend is still not strongly established, but market seems to be Bearish for now.
I see immense pressure on most of the scripts and I also observe some technical changes in scripts

I hope you will implement all those strategies which in turn will help securing your investments.



Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.