Friday, September 11, 2009

Bravo For The FBM-KLCI, But With No Volume Increase ?

Sorry guys. It has been too long I didn't post any new article about our Malaysian share market. Just come back from Bali, Indonesia. Let us take a look on the current sentiment of the FBM-KLCI.

It was really a surprised that our Malaysia FBM-KLCI managed to cross over above the 1,200 points level. Indeed we as a market player will view it as a positive sign.

After last week bad performance by most of speculation counters, this week they move in tandem with the performance of the FBM-KLCI. One thing for sure, the confident level is still not really high yet for us to jump in.

If we examine the volume and every transaction done for most of the day, it is still not convincing yet for us to invest or to speculate in this market unless we are going for good counters or we can say the blue chip counters.

Volume done each day for the FBM-KLCI play an important part to determine whether we have some space or confirmation in order for us to play along with the current uptrend movement.

One thing we must remember we still need to respect the Dow Jones Industrial Average. At these movement the DJIA might be facing some strong resistance level at 9,650 points. So it is quite important to see whether the DJIA can penetrate that level for the second time.

I would like to be in a positive position and move along with our market sentiment but with the volume done not really convincing yet, a careful trade need to be implement in order to safeguard our profit.