Monday, December 28, 2009

Towards 2010 New Year Celebration, Time To Accumulate ?

Looking at the current share market movement, we can assume that the Malaysian share market is consolidating. At these moments, we have no interesting subject to discuss about our FBM-KLCI movement. But I still consider our FBM-KLCI still staying quite high at current level with no much correction for the FBM-KLCI.

As we can see from the chart wise, the FBM-KLCI is moving toward side way. With the Dow Jones Industrial Average (DJIA) still staying beyond reasonable level, there is nothing to worry at these moments.

But a closer look at the DJIA chart suggest that this week the DJIA must go higher or created new high with strong volume in order for the current up-trend still intact. With so many investors still on holiday mood couple with the 2010 New Year celebration, we can expect that there won't be so much volume done.

The FBM-KLCI will also face the same scenario with lower volume or turnover done for overall market. This might be a good opportunity to look for good counters as we can see there are so many counters right at these moments staying quite low. Usually towards year end, accumulate some these shares at this moment will bear more chances to gain profit before Chinese New Year celebration set in.

10 comments:

Anonymous said...

You mentioned crab investment. Is this similar to Sabah sea weed scheme and old town cafe kind of scheme.

luba17 said...

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Jackie Lee said...

No, it is not like Sabah sea weed scheme ....... or old town cafe .... for detail I will explain more details if I have the chance to do so ....

Anyway u can have my phone number by just sending me an e-mail and request for my phone number ... my email: leeboonhoe@gmail.com

The Muppets Boy said...

Aslkm,hai,salam ziarah,nice blogging,tapi nak ajak/please visit blog terbaru ni http://metroskandal.blogspot.com ,n jgn lupe linkkn blog ni,ok bye

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