Thursday, November 25, 2010

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.

1 comment:

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