Again our Malaysian share market performance is just like a loser. Nothing exciting happens during these few weeks. The share market acted accordingly to the regional world equity market movements. No doubt the Dow Jones Industrial Average have climb so fast and reaching the 7,500 points level, it is still too early to tell whether the world equity market has found its bottom.
After recently huge rally by the Wall Street's, a technical correction would set in. These two weeks will be crucial for the DJIA as their movement will determine whether the world equity have turned to trend reversal. A careful watch was needed to decide whether the bottom has been formed. In order to confirm that the DJIA has already found its bottom, The DJIA should stay above the 8,000 points level.
The KL Composite Index still hanging around the 850 point level. If we want to compare the chart movement with 1997 Asian Financial Crisis chart, the movement still intact. So there is a possibility that the trend of moving towards south still exist.
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