Bursa Malaysia Stock Watch
FBM-KLCI - Can The Index Sustain At 1,300 Points Level ?
kltrader
Publish date: Wed, 17 Mar 2010, 07:47 PM
kltrader
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Another week has past by and the results are still the same or I can say even worst than the previous week performance. As we can see right now, my suggestion that our Malaysian shares market behavior is just like a dead fish and its really support my point of view. I'm not trying to be a hero or to be proud in what I'm sharing with but rather to acknowledge most of my readers and the players to be careful enough when they started to pour in their money.
What I 'm trying to mention here is; the statement that I have shared was totally not a negative statement but rather a statement to inform most of the player to be on alert and don't get caught by this share market behavior whenever he/she or someone trying to play along with the second liners and the third liners counters would face lots of difficulty. If we check the overall market performance, we can notice that most of the time and most of shares were not performing at all.
What I 'm trying to mention here is; the statement that I have shared was totally not a negative statement but rather a statement to inform most of the player to be on alert and don't get caught by this share market behavior whenever he/she or someone trying to play along with the second liners and the third liners counters would face lots of difficulty. If we check the overall market performance, we can notice that most of the time and most of shares were not performing at all.Even some of the remisier has started to complain about our current share market performance. Right now we are entering in the month of March and yet the performance of our Malaysian equities market still didn't get along with the performance of the FBM-KLCI. To be positive at these moments is to wait until there is a leader emerge in our share market in order to build up the momentum but to be a bit negative would eventually help us to safeguard our investment ......
Can the FBM-KLCI sustain at 1,300 points level ? Whether the FBM-KLCI can sustain at this level or not it would depend on how our Dow Jones Industrial Average fare these few days. Current share market is telling us that the trend is not going anywhere and right now all we can do is to dig and search for a right counter to play along (individual counter).
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