Things get a little bit excited. Datuk Seri Anwar Ibrahim has been arrested with a convoy of 15 police vehicles, Malaysian best blogger in politics Raja Petra Kamarudin has been issued with a warrant of arrest and has been told to surrender to the police by 10.00 am tomorrow morning. These is what we call instability in our country current political situation. With this thing going around from time to time, anyone who consider to invest in our Malaysian share market should think twice before jump in.
Today KL Composite Index create new low at 1,118.36 points breaking the previous new low set on 04.07.2008 at 1,119.97 points and the index close down -8.18 points at 1,119.42 points. With the new lows set in, anything can happen to the share market.
Tomorrow if the Index heading south, the next supporting level will be at 1,090.39 points. At this moment if we analyst the whole situation in our country, things are not going to get better in our share market. Even after our KL Composite Index rebounded on 09.07.2008, it just stay for a week only.
Stay out from the market, its not wise to send " a batalion of troops to the battlefield if we can't win this Wars. "
2 comments:
KLCI is heading to 1050 support level before it rebound back in August 2008. In month of August, we can some upside in our market.
What do you think ?
Basically what you are saying might be true. The Dow Jones Industrial Average have been falling for so long....It might be August is a rebound month for DJIA.
Not even Dow Jones but the world market might be performing a little bit. It all depend onto the whole market situation.. Crude Oil prices.
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