Tuesday, August 25, 2009

FBM-KLCI Moving Side-Way ?

As we can see, the Dow Jones Industrial Average play an important role in keeping up the world equities market intact. They even went up and created new high with promising increasing volume traded. How far they would go ? It is still early to determine that situation.

No doubt the FBM-KLCI went up but still most of the shares prices still cannot perform accordingly. With the volume traded still going lower and lower, it is quite hard to get a closer look whether our market is going for correction or just moving side-way?

Last week most of the share prices were moving side-way with no indication that they are going to move higher. From my point of views, I would rather stay at the sideline and wait for further promising indicators appear before any recommendation can be made. But sometimes if we re-think about previously rally (last one month), it seems that our share market was creating a SUCKER rally especially for the speculation counters.