Bursa Malaysia Stock Watch
Accumulate During World Cup Games Going On????
kltrader
Publish date: Thu, 10 Jun 2010, 02:29 PM
kltrader
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2010 FIFA World Cup South Africa is going to start tomorrow. I think we will be very busy watching Live World Cup matches every night. The games will run for a month but the world equities market might be experiencing some quite movement ahead. Maybe some consolidation moves.Based on previous historical data - Sell Before World Cup Start, Accumulate During The World Cup Games Going On and Hold After The World Cup End. Can we use this statement to determine whether there would be an opportunity? We have judge it nicely. For me I have no idea at all ......
Basically we have to look on the overall basis on what had happened to the world equities market right now. Was it stable enough for us to go in? At these moments it is quite hard to determine whether it was a right time to accumulate when the World Cup started.
Financial crisis in the European region still look shaky. If we are not careful enough, we might get burn as well. For the FBM-KLCI movement, I don't have any comments on it because their movements didn't really picture the whole sentiments.
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