Tuesday, February 9, 2010

FBM-KLCI Heading For Correction ? Trade With Cautious.

Based on today share market performance couple with the Dow Jones Industrial Average movement, I would consider that our share market especially the FBM-KLCI is moving for a good correction. As we can see that the overall world equities market right now are heading for correction also.

Right now it is not a good time to accumulate but rather a good time to monitor for any technical rebound opportunity that might occur (recommend for a short terms play). Maybe the technical rebound might happen these few days or after this Chinese New Years but we still have another 3 days to watch on how the FBM-KLCI would react these few days. With the total overall market turnover stand so low, making a bit of profit from any technical rebound would be quite difficult to achieve and it is not easy to play along.

From my point of view, I will rather and consider jumping in if there is a panic selling activities but I'm doubt that it will happen as most of the share prices didn't experience any bull run recently. The on-going healthy correction right now would be consider the best medicine for share market as this would bring more opportunity lying ahead where by we can see some healthy movement in future for us to trade.

WATCH .. KNM - Trading Opportunity

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