yeap atuk K..although i'm a former rockers, IMO, KLCI is going to test the next support level i.e. 1723 after breaking 1767 a few days ago..if u want to play short term, i cannot foresee profit taking..but if you are holding for long term, u may enjoy better dividend due to its recent good financial performance..this is evidence by the chart movement that correlate with KLCI..foreign fund is exiting our market slowly..so, hold your cash or pump into a safe haven investment such as gold..if u want to play short term,u still can but need to care chart movement in minutes..thats all i can say..the market is in a large correction phase evidenced by the head n shoulders movement.. Government is trying their best to keep the market active by the movement of shares by its related instituion such as EPF and etc..
All of this is due to news such as weakening ringgit, weakening oil price and introduction of GST..The next global financial crisis is going to happen in 1 1/2 years..
in summary. the genius said, govt job is to built a diversify and versatile economy, and not about guising OIL, Natural gas & Currencies movement.
in a nutshell, the genius said, govt dont care abt oil price movement, or currencies movement.
what a well structured excused when they donno how to deal with this crisis. i think they should "copyright" the statement and licensed it to other 3rd world countries who r facing same situation.
Market red red... No sign of rebound as crude oil price is still dropping with "analyst" with unfavorable reports... Go for a holiday.... Come back when frontkn gathers enuff strength for a rebound.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
maelxpdc
761 posts
Posted by maelxpdc > 2014-12-04 15:48 | Report Abuse
yeap atuk K..although i'm a former rockers, IMO, KLCI is going to test the next support level i.e. 1723 after breaking 1767 a few days ago..if u want to play short term, i cannot foresee profit taking..but if you are holding for long term, u may enjoy better dividend due to its recent good financial performance..this is evidence by the chart movement that correlate with KLCI..foreign fund is exiting our market slowly..so, hold your cash or pump into a safe haven investment such as gold..if u want to play short term,u still can but need to care chart movement in minutes..thats all i can say..the market is in a large correction phase evidenced by the head n shoulders movement.. Government is trying their best to keep the market active by the movement of shares by its related instituion such as EPF and etc..