Bursa Malaysia (KLSE) Daily Info Edge Zone

FBMKLCI "Water Fall" Dip Is Near!

Durian Edge
Publish date: Thu, 09 Feb 2012, 08:01 AM
Durian Edge
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Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
Yesterday FBM KLCI rally high with also high vol. Usually share market will big dip when hits new high so now KLCI is above 50 point to broken last new high on 1,600 level.

In short term I think the share will go to new high before a "water fall" dip because as we all know Europe debt and US problem still no yet solve. Fund manager need to push the share up and distribution they share in high price to make profit for they enjoyment of live. For me I almost sale all my share in my profile include PBBANK share because even good share like PBBANK will drop and by that time can buy back again, but may be need to wait till min-year.
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cytew

I think market will go into correction from now till 21st March 2012 before it can break new high again

2012-02-09 08:43

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