Kuwit Stock Exchange Strategy (contd..)

As discussed in my yesterdays post, the market did see a pull back and had gained 59 odd points.

I think the market is in a free fall, and hold a short term support level of 6,656, i.e. expect further down fall of 170 to 180 points before expecting a (technical) pullback.  

But to tell you the truth, I really fear worst as the 200D Moving Average is started to turn DOWN. Any how, can expect a short term pull at the above mentioned levels.

I really dont see the recovery in much bigger sense (for the time being), as there is NO FUNDAMENTAL NEWS (the result season is over) and i am really not sure as to what is cooking in the DIWANIYA'S (i am not a diwaniya man), but this is it.

We all know that predicting markets isn't simple nor someone possibly knows when the market will hit the bottom, but at this stage investors should start to deploy small amounts and only long-term funds into the market, as it will help in riding out short-term volatility and one can take the advantage of the downfall.

Will keep updating the further moves.

Happy Investing!!!