Wednesday, February 9, 2011

The Bulls And The Bears Are Fighting Each Other.

Looking at the overall share market momentum, they tend to be more selling after recently the share market has adjusted their technical rebound. No doubt for the last two days the volume and the turnover looks very good with total transaction for each day increase to more than 3 billions shares traded still it didn't means that it was a good sign.

One thing for sure whenever most of the third liners start to move drastically after the share market recently run up from the beginning of January until now, our Malaysian share market will take a pause. They need to digest a bit after recently huge turnover and volume done but we must always remember that whenever most of the third liners start to move that is the sign that our share market is already end their journey to move forward.

Again I hope this statement was wrong because I'm expecting the share market to consolidate rather than going down bit by bit. It will be a mix market with the Bulls and the Bears are fighting each other right now. Who will win? We will see how our share market is going to digest recently turnover.

Basically in the month of March would be a good month for the share market. The atmosphere of General Election is getting around the corner with our Prime Minister still the key person to decide when the General Election would be held. There was a talk about it but it always turnout to be rumors only.

World equities market especially the Dow Jones Industrial Average still looks very strong with their index creating new high and new high again. Yesterday gain of +71.52 points (12,233 points) pushed the Dow’s daily winning streak to its longest in nearly seven months. Maybe there will be some profit taking in the process for the Dow Jones Industrial Average these coming few days.

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