Friday, February 20, 2009

Dow Jones Industrial Average Won't Hold Longer At 7,450 Point

A check on these few days trading suggest that the KL Composite Index is still moving sideway. Not much different and there is nothing for us to write or comments about the Malaysian share market at this moment. Everyone are eyeing how the Dow Jones Industrial Average will behave these few days.

As I have mention earlier, next week would be the weeks that we need to monitor whether the KL Composite Index might follow the previous trend - 1997 Asian Financial Crisis chart. According to the calculations it would happen sometime in between end of February or beginning of March. Moving slowly to the south.

This is just a prediction or an assumption only. We need to have this kind of data to guide us whether it is a right time for us to go in. We are not fund managers. We are just a small investor looking for a better life ahead of us.

Dow Jones still trade within their range at their most strongest supporting level of 7,449.38 point which must not be break or else it might turn very ugly. But with all the bad data still pouring out, it would be very impossible for the Dow Jones to stay around that level. Well as I have mention earlier, this year of 2009 will be rules by The Bears.

4 comments:

rm32644 said...

You were right on!

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