In economic, I did learns about the terms of Supply and Demand. Previously there was an article mention about if the supply is greater than demand, than you will see a lot of new lows created.
Today the KL Composite Index close down -7.38 points to close at 1,068.55 points. There are so many counters started to create new lows. Basically if we study close enough the way today's the counter perform, it suggest that there is still more room to go down.
Some of the price looks like, it's about time to go for a bargain hunting. The price looks very attractive but I will still prefer to stay out unless there is a significant move like what we use to call a "Collapse" or "Tumble" or "Panic Selling" or "Tsunami Selling" like it happen once before (after the 12th General Election - KL Composite drop 10 percent)
My advice to all the player to start monitor these two weeks movement because I had a feeling somehow there will be something to rock our KL Composite Index. It might be a "POLITICAL TSUNAMI" or something else.
Just wait and pay a bit of attentions on our share market as opportunity always arrive once in a while after a few moons has past by. Still remember how to catch a falling knife? But this time around the knife will not be so sharp as it use to be because there is no volume to support this great fall if really happen in the first place.
Although lately few of my article is about political situation in Malaysia, I will like to emphasized that these news, more or less has a major effect to our current share market performance.
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