Thursday, June 4, 2009

Can The KL Composite Index Still Perform ?

A Fibonacci Retracement of 38.2% has taken its toll. The KL Composite Index as been expected has taken a mild correction. Whether this will be a mild correction, it would depend on how the KL Composite Index reacts to the world equity performance especially the Hang Seng Index or the Dow Jones Industrial Average. Judge from the futures (FKLI) index performance yesterday, we might seeing some correction ahead.

If we take a look at some of the speculation counters, they look more tiring if we want to compare to the overall market performance. No doubt they still can perform but many of them can’t even break their previously high recorded few weeks back. Maybe the share market just needs to take a break.

Yesterday some of Asian equity markets close with few bad indicators according to Candlestick reading. So it is very important to monitor it closely as we can see lately most of the Asian equity market are moving just like rocket especially the Hong Kong equity market and the Singapore equity market. Most of their share prices already reaching their last year prices (August/September 2008) before the global financial crisis strike.

So from my point of view, I would rather say that the overall Asian equity markets have little space to move on or maybe they have just ended their rally? At these moments it is quite hard to determine whether the share market rally is over or not because the Dow Jones Industrial Average still have more rooms to move on. As long the DJIA didn’t break the 8,600 points level, the overall Asian equity market might be heading for some corrections.

21 comments:

Kingsmen said...

if we look at a microscopic view of the world's major exchanges..we see there are lots of stocks trading way below their peaks of 2007....some of them have to overly sold to become penny stocks....yes! even in America! for example...fannie mae and freddie mac....they used to be 60usd and now they are just about 1.5% of their historic past....

whether its a buy or not...one have to consider himself....

recently i bought a penny stock called RITE AID CORP...i got it at about 95cts usd....waited for about 3 weeks...then suddenly it jumped up...i sold at about 1.40...but 2 days later...its now 1.80! this stocks used to be about 14usd last year.

i believe laggards are moving up across the whole world in a very very big way....

so my view is .... forget about indicies for the time being and go for small capitalized companies where the real gains are there for sure.

Kingsmen said...

i also happenned to check the fiabonachi retracement for some stocks .... and if i used the weekly or monthly mode...there are still plently of room to go up...am i right or wrong?

alexlee said...

Our KLCI immediate resistant is at 1150 points !! It's seem to have another 100 points to move up from current level of 1075 points.
So, short term uptrend trade is still intact.

Anonymous said...

Thinking about getting a car insurance quote?
[url=http://safe-car.org]Car Insurance[/url]
A growing number of people are dropping their auto insurance to try to save money, according to a recent study by the Insurance Research Council (IRC). If the current rate of unemployment continues, the IRC estimates that the national uninsured rate will climb from 13.8 percent in 2007 to 16.3 percent in 2010. With that many people driving without coverage, it's dangerous to be uninsured. But how much car insurance do you really need?
If you're like many people feeling the pinch, your inclination is to get the bare minimum of insurance coverage required by the law in your state. That's a good place to start, though those minimums may not fully protect you -- or your assets -- if you file a claim. We recommend getting more than the minimum coverage unless you are driving a beater and have no assets to protect.

Visit [url=http://safe-car.org]Safe-car.org[/url]
All you need to know about
[url=http://safe-car.org]Car Insurance[/url]

Anonymous said...

Cool flash games. Don't miss!!!

Anonymous said...

hostel sex Yes, but it's not all ... I hope it will still Very good site, but not bad-would make a version for smartphones. Cool I do not know how the rest, but I liked it. Why have a blog such attendance is low ... the way to put things in your blog or deterioration, will help remove You normally happy about us with the best phrases thanks, take! Indeed ... super creative! Here you decided to help a bit, and sent this post to social bookmark. I really hope your ranking will increase.

Anonymous said...

gay daddy lamar Blog just super, I will recommend to friends! zabavno while I'm alive, I will remember your resource zanoshu in bukmarki .... class) I ponra) especially! You read this and think .... A salary of between 5% per day Very glad that there was a desire to take this position in quotations! All read satisfy my interest but "No matter how cursed himself, others certainly will do it better.") while I'm alive, I will remember your resource zanoshu in bukmarki ....

Anonymous said...

porn star lita young moskvasoset i ne ebet! Well of course tin ... Thank you very much! I took a too-handy. A huge thank you to a human, a very topical note. Blog just super, I will recommend to friends! Added to your bookmarks. Now will you read much more often! Thank you! In quotations! moskvasoset i ne ebet!

Anonymous said...

campground adult Just do not believe cool .. took almost all)) Yes, the internet - is vast, even if it is possible to find On your blog, familiar in the ICQ link tossed. It turned out that nothing I liked. Tepr always read will Yes, the news went on inetu and distributed by starshnoy force Indeed ... super creative! I do not know about you, but I like it! There is. Most people are happy as much as they have decided to be happy. - A. Lincoln

Anonymous said...

adult airplane sweater I NRA) is a good idea. Few feelings .. but nice ... and how difficult it is to your own blog? Interestingly, and cognitive, and will have something on this subject? cool blog in my favorites Thank you, useful thing. agree with the author

Anonymous said...

Latina I NRA) is a good idea. Classroom paper, by the way the author would like to offer yandeks.deneg chip set from the site, "Give the ruble." I would give, so to speak on the maintenance. Actions do not always bring happiness, but there is no happiness without action. - B. Disraeli You normally happy about us with the best phrases thanks, take! moskvasoset i ne ebet! while I'm alive, I will remember your resource zanoshu in bukmarki .... The site just super, I will recommend to friends! moskvasoset i ne ebet!

Anonymous said...

sex predator A great portal, but it's worth more to add information share: but we have to work all pouvolnyali, and what to do now? A great portal, but it's worth more to add information Accidentally saw. Not expect. IMHO, the author is wrong super original Quite strange material you provide to us Very glad that there was a desire to take this position in quotations!

Anonymous said...

gymnastic competition adult Well done! Content is interesting, learned a lot. I recommend everyone to read. cool .. took almost all)) Here you decided to help a bit, and sent this post to social bookmark. I really hope your ranking will increase. Blog just super, I will recommend to friends! Laugh not a sin, but admit it when you read this information at least surprised me:)) Blog super, everything would be different! You know now who rarely writes on the subject, very pleasant to read, I would advise to add more pictures!

Anonymous said...

my fist sex teacher class) I ponra) especially! Thank you, useful thing. Just do not believe Accidentally saw. Not expect. agree with the author A long time ago I started this blog? Belief in success - is the driving force and sin not to use it for their own personal goals. The site just super, I will recommend to friends!

Anonymous said...

animal sex blogspot п»їVery interesting! Not very often can not understand how to update your blog? I NRA) is a good idea. You read this and think .... A salary of between 5% per day very nice, so we would have done so I read a similar article on this subject, but you have quite a different opinion, thanks, it was interesting to compare Thank you! Article interesting. Interesting Login or register, but you should add more articles Yes, the news went on inetu and distributed by starshnoy force

Anonymous said...

galleries gay jack radcliffe they were more So engrossed that I missed a football Hmm ... well, it pamoymu have extreme ... So engrossed that I missed a football A long time ago I started this blog? Few feelings .. but nice ... Interestingly, and cognitive, and will have something on this subject? Greatest number of people can join only the lowest common denominator. - FA Hayek

Anonymous said...

toronto adult massage review Accidentally saw. Not expect. Wine and women bring to us Content is interesting, learned a lot. I recommend everyone to read. Interestingly, and cognitive, and will have something on this subject? Content is interesting, learned a lot. I recommend everyone to read. Blog just super, I will recommend to friends! class) I ponra) especially! Your site in the opera is not the adjustment is shown, and everything is fine! спасибки you for your clever ideas!

Anonymous said...

porn body paint female read with pleasure The site just super, I will recommend to friends! Cool everything: the picture and information Thank you very much! I took a too-handy. I do not know how the rest, but I liked it. Very glad that there was a desire to take this position in quotations! A great portal, but it's worth more to add information The author, and you are out of town?

Anonymous said...

free porn without membership The site just super, I will recommend to friends! You read this and think .... A salary of between 5% per day decided to help and sent out a post in the soc. bookmarks. hope to rise in popularity Laugh not a sin, but admit it when you read this information at least surprised me:)) Thank you! In quotations! The morning began with a wonderful article, thank you! So engrossed that I missed a football Blog just super, I will recommend to friends!

Anonymous said...

jennifer aniston sex scene All zdryam! Today marked the second anniversary maintaining your blog. Congratulations on not imposing ourselves, we would like to know the author and perhaps a comment: and what time you run your resource? Frankly, had difficult moments, when visited by the thought to throw this case. First, because of the departure of the index of PS Yandex, later - due to lack of time. But after a while you begin to understand that it is sometimes useful to lay out on the list (in this case on the web page your thoughts, share something interesting with our readers. The author of this resource would like to wish the inspiration for the new positions will never leave! Good luck ... Exl how old dupe! Thanks to a huge, super article. Smoothly write, young man, and I still can not go, sloppy somehow beyond the text from the pen I think this is correct with time. Thanks for the post, and this issue share: but we have to work all pouvolnyali, and what to do now? Laugh not a sin, but admit it when you read this information at least surprised me:)) Yes, the internet - is vast, even if it is possible to find

Anonymous said...

quitting smoking what to expect ron andrews smoking fetish cheech chong up in smoke gary larson dinosaurs with cigarettes andy kent lethbridge fume cabinet filter heritage food kent smoke from burning tobacco contains what rentals enforcing no smoking