Wednesday, June 2, 2010

Any More Rooms For FBM-KLCI To Move Towards South Pole?

Looking at current condition right now, where our Malaysian share market is heading right now? Frankly from this stage I have no idea where the share market is going to head to? If we take a look on the chart, we still have more rooms to head further to the South. How far the South Pole will be? I think it is better for us to be a trend follower rather than become a trend predictor.

When the bandwagon is coming down from the hill, we just have to follow. The whole scenario and the momentum at these moments didn't favour us at all. If we take a look on the FBM-KLCI chart: since March 2009 when the index touches the low of 836.51 points and climb all the way to create new high at 1,349.92 points in the early May, our index has gone up about 513.41 point (has gone up about 14 months).

At 1,280 points, our index just down about -65 points from its previous high. Can we consider that the FBM-KLCI has already finished its correction? We just have to wait and see how the FMB-KLCI is going to makes its move. World equities market still looks unstable and it is still not safe to make any wise decision to hold or to speculate at these moments.

4 comments:

prema said...

so pessimistic u! i still hold my cscsteel & gtronic cos i believe long term sure make me lots of money.

Jackie Lee said...

Long Term sure make lots of Money provided you invested in good dividend pay master.

Blue Chips will be much more better Prema.....

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