Bursa Malaysia Exchange. Stay Out For A While.

Today is 12th February 2009, about 7 trading days to go until end of next week before we can have a look whether the share market will sustain at this level. Volume trade is still low.

In fact there is nothing for us to comments on the KL Composite Index at this moment. Basically the share market is still sitting on a comfortable zone with everyone still watching how the world financial market will behave especially the Dow Jones Industrial Average (DJIA).

Last few days I did wrote an article about the projections where our KL Composite is heading to ? To be frank, in order for this scenario to happen, (KL Composite Index to go down to 600 points level) the world share market need to tumble again especially the DJIA.

If we want to base on this kind of prediction (DJIA to tumbles) then it will be very bad for the world financial market.

According to the chart calculation and prediction, basically the down trend will only start in between end of February or early in the March. But we cannot assume that this thing will happen in the first place. It is just a prediction only.

This is for my own guidance only. Maybe it will not happen at all but as a chartists, I will assume this will be a good indications for us in order to guide us and decide whether time has arrive for the share market to move up or the share market will move down. Still we need to stay alert on the world financial news. But my previous article about the Beware Of BEARISH RISING WEDGE suggests that it might happen in the first place.