Wednesday, June 30, 2010

Quiet Market Ahead For The World Equities Market ????

Dow Jones Industrial Average is not doing well at this moment. Malaysia share market is not moving anywhere also. Shanghai Stock Exchange drop sharply yesterday -4.3%. Current sentiment is telling us that we still have to wait for more stability in the overall world equities market.

With the Dow Jones Industrial Average showing more weaknesses rather than healthier sign, we should be staying out for a while and watch how our share market is going to react against current situation.

With the on going 2010 FIFA World Cup South Africa, sentiment still looks a bit quiet with most of the share market player still pay more attention towards this world prestigious football. Everyone is talking about football but less people are talking about share market.

Right now I don't have any comments towards the FBM-KLCI movement because I didn't foreseen any interesting indicator that will lead the share market to move higher but if we take a look for the past 2 to 3 weeks share market movement, we can notice that the share market has been moving up for quiet some time. Maybe it is time for them to take a pause .....

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