Bursa Malaysia Stock Watch
FBM KLCI...Is 1300 = 2012?
kltrader
Publish date: Tue, 19 Jan 2010, 07:51 PM
kltrader
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Will the 1,300 hurdle for FBM KLCI mirror the significance of "End of the World (Rally)" in the movie "2012"? The answer shall be revealed pretty soon...
Yesterday's performance turned out to be better than what I expected. Positive signs were witnessed in a long white-candle formation, active rotational plays that both widen and broaden to more sectors and stocks, and the revival of Latex Glove play.
In its attempt to take out 1,300 so far, we could see the the bull's determination (always creeping back to the level) though it was fenced off once last week.
Yesterday's performance turned out to be better than what I expected. Positive signs were witnessed in a long white-candle formation, active rotational plays that both widen and broaden to more sectors and stocks, and the revival of Latex Glove play.
That said, however, I'm not convinced of a bull market yet until 1,300 is taken out with full conviction.
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