Yesterday DJI and S&P500 dip into SMA 200 level, base on the chart last panic selling happen in May FBM KLCI index is moving along with DJI and S&P500 but after big money buy in during turning point of panic selling to make profit, FBM KLCI start move not along with DJI and S&P500.

Now the big money still in the market they try to support it with last minute mark up to show how solid our market was. Usually they technic to make profit is Distribute, Markdown Accumulate Markup and Distribute again, now I think the big money already in accumulate phase so due to the situation in US and Euro now is not the time to markup so only can support it. I think temporary panic selling will be unlikely because retail investor money may no much inside market so no point to panic selling.