Thursday, January 8, 2009

KL Composite Index Taking A Rest. An Opportunity ?

A healthy correction today. Today should be the day to digest the recently gain made by the KL Composite Index. After the recently gains made by most of the shares, today we will consider whether was it the right time to accumulate now?

With some bad news still circulating around the world financial market. It is hardly to take note that whether the share market manage to digest all sort of unhealthy news. Based on the charts the world share market movements still intact.

What ever it will be we still have about two weeks more before Chinese New Year arrive. With January 20 is getting nearer and Barack Obama will be taking over as the new President of the United States. I don't think there would be any major impact to hamper the Wall Street's.

It is quite important to monitor today's movements as the market is taking an opportunity to digest the T+3 on last Monday turnover of 845.96 million shares. Remember, at this moment the Malaysian share market still intact with the uptrend channel still on the run.

No comments: