Posted by iafx > 2013-06-13 15:00 | Report Abuse

1750 an important level, no sure can hold or not

Posted by arv18 > 2013-06-13 15:01 | Report Abuse

no. must go to 1700. that is the law of the market. sorry.

Posted by ctash > 2013-06-13 15:03 | Report Abuse

1743 is where the support is...today is just a correction & i believe today test is to remove the weak holders (closing will tell us). I dont believe its the end because volume is very low. just my 1 cents

Posted by joseph hii > 2013-06-13 15:06 | Report Abuse

Most asia country is start go to downtrend

Posted by iafx > 2013-06-13 15:06 | Report Abuse

volume is low? double check that, it's only 3pm :)

Posted by joseph hii > 2013-06-13 15:16 | Report Abuse

Can start Smell of downtrend, is getting strong liao. Aus then japan then dow jones then Masairsia. Ha....

Posted by arv18 > 2013-06-13 15:20 | Report Abuse

No "smell" of downtrend. we're in a BULL market. until the taxi driver and your kueh teow man is talking about Bursa, we're not at the top yet.

Posted by joseph hii > 2013-06-13 15:24 | Report Abuse

Very wish that nwe still in bull market.
Keep on hand n WISH

Posted by joseph hii > 2013-06-13 16:41 | Report Abuse

Down down down

Posted by iafx > 2013-06-13 16:42 | Report Abuse

struggling at 1750...

Posted by yfchong > 2013-06-13 16:42 | Report Abuse

Can start scouting cash or near cash rish co....

Posted by necro > 2013-06-13 16:43 | Report Abuse

From now on you might see in matter of no time KPJ RM4,MAYBANK RM9.80,GENTING RM9,ALAM RM0.50,PANTECH RM0.50...

Posted by iafx > 2013-06-13 16:43 | Report Abuse

patient...

Posted by joseph hii > 2013-06-13 16:46 | Report Abuse

Wait n c???

Posted by necro > 2013-06-13 16:48 | Report Abuse

If tonite DOW still red better prepare to cut loss...

Posted by iafx > 2013-06-13 16:48 | Report Abuse

1750-1743 both broken, no rush, c how eu ends today, follow by u.s (so far future merah-merah)

Posted by yfchong > 2013-06-13 16:49 | Report Abuse

Then prepare cash loh.......buy index counter sekali lompat.....sure ok mah

Posted by usry > 2013-06-13 16:51 | Report Abuse

Now market go back to Pre GE 13 level..

Posted by pirate99 > 2013-06-13 16:55 | Report Abuse

hopefully DJIA not bleeding tonite..
or else tomorrow will down also..

Posted by member41 > 2013-06-13 17:02 | Report Abuse

Dow futures red liao... -83

Posted by arv18 > 2013-06-13 17:04 | Report Abuse

good good good. prepare your bullets. buying opportunity is coming.

Posted by usry > 2013-06-13 17:06 | Report Abuse

yup..will wait for that chance..

Posted by arv18 > 2013-06-13 17:06 | Report Abuse

have your shopping list ready BEFORE going for Parkson Grand Sale.

Posted by JTFX > 2013-06-13 17:09 | Report Abuse

hang on mates..looks like going back to pre election levels to fill the gap at 1700-1720..FBMCI index stocks taking the brunt.. will weigh on the mid n small caps.. those wit gud fundamentals n prospects will fare better thru this storm.. prepare ur bullets like arv18 says..

Posted by andychucky28 > 2013-06-13 17:26 | Report Abuse

bear market started already. We only up for one month where others already bull for a few months. Now the bear coming already.

Posted by minitrader > 2013-06-13 17:26 | Report Abuse

aiya...back to square oledi...sigh...

Posted by andychucky28 > 2013-06-13 17:36 | Report Abuse

bear bear bear coming out ... definitely.. market which runs for few months needs to breath. It might takes a few months to breath. Just that our KLSE second and third liners dont even have the chance to run. All thanks to BARANG nAIK.

Posted by limsze > 2013-06-13 17:37 | Report Abuse

For the time being Bursa wil be very much effected by US and regional market. Japan has when into BULL now. US QE taper is a concern now. I thik it take a few days to setter down the uncertainty. Struggle between cut loss or hold.

Posted by lwalk > 2013-06-13 17:46 | Report Abuse

http://video.cnbc.com/gallery/?video=3000175468
"Time to be bullish in malaysia" - 13 June 2013
In CNBC news, malaysian market marked 'overweight'.

Posted by ykinvestor > 2013-06-13 18:11 | Report Abuse

Funds have overpriced in that Fed will end the tapering in the Fed’s $85 billion-a-month asset-purchasing program in Sep. What is the big deal if the amount is reduced from 85B to lets 65B. This is a gradual process. As world's inflation is easing and not escalating, so I don't think Fed will start the tapering so soon in Sep. Anyway we will know more on Jun 19 for some clues from Fed. Hope Nikkie will start rebounce between 12,000 and 12,500.

Posted by JTFX > 2013-06-13 20:39 | Report Abuse

Its the buggero kanasai Abenomics..kamikaze crap.. screwing the yen n Nikkei .upside down.unwinding back to their prev levels of 0.95 yen and Nikkei below 12500... Fed tapering?? with the DOW tanking..n poor jobs number, it wont happen for another 6 months...

Posted by arv18 > 2013-06-13 20:57 | Report Abuse

man i'm hoping the market goes down to 1650 or 1600 . I. Have. Bullets!!!

Posted by arv18 > 2013-06-13 20:58 | Report Abuse

When the markets tank, I SMILE :)

Posted by 伟汉 > 2013-06-13 21:23 | Report Abuse

If later break 50 days MA and S&P close below 1,600 with high volume then means bye bye.

Posted by Abudance > 2013-06-13 21:35 | Report Abuse

Not only global market drop .... Fund managers away on summer holidays ....

Posted by eddielai007 > 2013-06-13 21:35 | Report Abuse

if SP500 and DJ30 go into bear i.e drop more than 20%, it means QE to continue(then market can not drop). if German DAX to tank, aunty Merkel may loss Sept 22nd election. These are not the plan.US market sufferred the most in 2009, Europe sufferred the most in 2011,it is Asia turn now.

Posted by iafx > 2013-06-13 21:43 | Report Abuse

expect more turbulance along the transition from liquidity easing (qe) back to organic economic growth

Posted by ykinvestor > 2013-06-13 21:48 | Report Abuse

Fed has said repeatedly he'll be forced to tighten monetary policy if inflation exceeds 2% and/or the unemployment rate drops below 6.5%. But current levels for inflation and unemployment are roughly 2% and 7.6%, respectively. So I think the Fed isn't going to stop the 85B monthly bond purchase now that Japan is dropping into a sinkhole.

Posted by arv18 > 2013-06-13 21:50 | Report Abuse

we only just had a major crash in 2008. Our market only started moving last year. why all this fear? do you seriously think that we are near a market top like 1996, or 2007???

Posted by slts > 2013-06-13 21:53 | Report Abuse

agree agree....
but it's the earlier than
expected is scaring the fund mgrs

Posted by iafx > 2013-06-13 21:57 | Report Abuse

since 2009 klci has up 100%, key markets hit all time high merely in 4 years plus. correction will set in although not necessary a big slump. fed did the right thing to "pass" message that qe is not forever, stock market must eventually go back to basis

Posted by slts > 2013-06-13 21:58 | Report Abuse

ya loh no crash
just a correction in a bull mkt

Posted by joseph hii > 2013-06-13 22:08 | Report Abuse

It seen need cut lose tomorrow. But will sharp drop early morning of tomorrow

Posted by arv18 > 2013-06-13 22:10 | Report Abuse

that right. corrections are normal and healthy part of a bull market.

@iafx - yes, 100% from all-time-low, only recently (2011) punched through the previous all-time-high in KLCI (set in January 2008, KLCI high 1524.69 points). therefore the "big one" still some time off.

you are right in saying fed is doing the right thing. if they announced end of qe tomorrow, one helluva market "correction" will happen.

Posted by njue76 > 2013-06-13 22:10 | Report Abuse

Taking profit first...then buy back ma...

Posted by Lucky88 > 2013-06-13 22:11 | Report Abuse

Well, it looks like it has broke a support at 1750 with heavy selldown at end
eg. maybank took a selldown of about RM26mil to force down 6sen(1pt index)

Posted by arv18 > 2013-06-13 22:12 | Report Abuse

no lah. you take profit now, then where to buy back. think about it. its much easier to just add to your positions then to sell all and buy back later. creates much more hassles. of course, if you have no more bullets, then is a different story.

i hope Mr TTB if iCap fame is reading, and goes on a buying spree instead of holding onto all that cash.

Posted by iafx > 2013-06-13 22:15 | Report Abuse

qe will not stop but gradually reduce. along the scale down, many factors kick in... some expected some surprises. note there r equal number of speculators vs true investors. v can expect plenty of yoyo'ing ahead

Posted by arv18 > 2013-06-13 22:19 | Report Abuse

yoyo till the traders get back from the Hamptons. my sources are whispering that these are just jitters ahead of the German constitutional court decision.

japan is a sideshow. whether or not Abe or Kuroda have lost the plot has yet to be seen

Posted by Lucky88 > 2013-06-13 22:20 | Report Abuse

yeah, I went to one of his talk in KLCC convo
Apparently Mr Tan say that market will crash when market was like 1400~1500. Claims to hold many cash XD
Got went to that talk? I think was end of 2011

After that, market was bullish & never can get 1500 anymore with higher low
oh, right after election day, 1800 say hi