Same Old Story - FBM-KLCI At New High. Sentiments Still Not Good.

We are entering in the month of September. As we can see the world equities market are showing more sign of weakening for the last two weeks but it didn't happen to our Malaysia FBM-KLCI. The FBM-KLCI index shoots up to close at new high and become the Big Boss around the Asian region. How it happen ?????? I don't what really happen to our government policies right now. Maybe the fund managers might have some of tips from the government ......

Frankly I didn't find it very interesting or having any temptation or feeling of buying shares right now because we might be heading for a time bomb that is tickling waiting for it to be exploded. I will change my mind if the overall sentiments move accordingly.

Looking at the whole sentiment, the momentum is not right at all. The blue chips or the index link counters are been push up but the overall shares performance didn't follow the sentiment at all.

Turnover done for daily transaction shows that it is still well below the 1 billion shares. No volume to support the big run. It seems that we might be having an artificial market fundamental because we are not following most of the world equities performance. Maybe our Prime Minister, Datuk Seri Najib Tun Razak has something special inside his mind that he try to make our share market looks good before another election being called?

A check on the Dow Jones Industrial Average performance, their share market now is entering into a correction mode. Most of the world equities markets are tracking the DJIA performance right now. As long their index can stay above the 9,900 points then it will not post any great danger.

Recently when I was searching for some articles and I found out that there is still some analysts mention that the DJIA is performing a Head and Shoulder pattern but it is still early to make this kind of call. Whether this pattern will happen or not, we still need more time to monitor the performance of the DJIA. My call at these moments, I will stay out for a while because I don't know how to catch this funny and interesting Luxury Band Wagon or the index link counters that are heading to the North.