FBM-KLCI Still In The Safe Zone ????

Well, it seems that the whole world equities market have ended their journey to the North poles. Recent activities around the world equities market are telling us that the correction is in the process. As we can see for the past two weeks the world equities market playing an important role to determine how the FBM-KLCI next course.

At these moments we can see that the FBM-KLCI have just started to move down (breaking the 1,500 points supporting level) and during this correction, an opportunity will arise. TECHNICAL REBOUND. How long our share market will hold? As long as the FBM-KLCI still can stand above 1,470 points and above, I would consider that the FBM-KLCI still in the safe zone but one thing that I dislike is the turnover over the FBM-KLCI have drop to about 1 billion shares a day. Prefer if can sustain at 1.5 billion shares and above would be great for the market.

Maybe it was consolidating. Trying to adjust its momentum towards the bad news that surrounding the Korean region and European financial problems. Basically there is no indicator that will tell us when the correction will over. So stay on until our FBM-KLCI show more promising sign provided that the world equities market still can coup up with any bad news that will occur.

Are The Bulls For The FBM-KLCI Is Resting ?

For the last two days the FBM-KLCI down about 35 points before recover back and lost about 24 points. It is quite obvious that the FBM-KLCI is going through a correction. At these moments will our share market heading further to the south ?????

No doubt the index might have some pullback due to some external sentiments (ie. china inflation fears), they tend to create more opportunity to buy at cheapest rate. For those who have lost their opportunity to trade recently, this would be the best time to bargain at lower price.

From my point of views, I don't think so that our share market will just ended their momentum at current level. From the overall performance our share market seems to have enough energy to go even higher. Candlestick indicator still looks not good enough. We must be careful all the time because any major reversal towards the world equities market, we might have the same impact as well.

Right now we still have enough opportunity to trade until there is an indicator or any major bad news that will overpower the uptrend. If the total volume or the turnover still stands about 1.4 billion to 1.8 billion a day, we need to put more attention on the stock broking company.

Hope for the best.

FBM-KLCI Must Maintain At 1,500 Points And Above?

Well it seems that our share market is heading for some small correction yesterday. Still if we look at the overall sentiment, the Malaysian share market still looks healthier. Some of the counters are moving up and some of them are consolidating.

Basically if we take a look at the charts of the FBM-KLCI at these moments, we are having bad Candlestick reading. Not a good sign but yet it still didn't pose any great danger.

Last week and this week we are having lots of chances and opportunity to play and to choose some selective counter. The sentiment was great but still we need to be sharp in monitoring the share market movement all the time. Right now the FBM-KLCI might be hovering or consolidate around 1,500 - 1530 points.

Usually whenever the index reaches its previous all time high, they need to take a break in order for the index to adjust either to move higher or to move lower. 1,500 points will be the first support for the FBM-KLCI. This support must stand in order for the FBM-KLCI to continue its uptrend movement.

Daily turnover or volume must increase to about 2 billion shares a day in order for the sentiment to create greater bulls. With the turnover maintain at 1.3 billion to 1.6 billion a day, it is still not enough to bring the whole sentiment to become super Bull Run.

Dow Jones Industrial Average needs to stay at 11,200 points and above in order for the bulls to survive or else it would poise some difficulty or a great danger to the world equity markets.