An Earthquake + Tsunami + Nuclear Crisis. These were the concern at these moments and the main concern was the Nuclear Crisis. It was an unfortunate thing to happen to the people of Japan. My condolences to all the people of Japan who has lost their loves one. Anyway life needs to move forward after this tragedy.
Was there an opportunity arise from recently sell off on our Malaysian share market? Definitely it was an opportunity but when was it? From yesterday transaction we can assume that the sell off was done quite heavily but if we take a look on their prices, still we cannot assume that the prices were cheap enough for us to went in. A small rebound has occurred but how long can it sustain?
Was there an opportunity arise from recently sell off on our Malaysian share market? Definitely it was an opportunity but when was it? From yesterday transaction we can assume that the sell off was done quite heavily but if we take a look on their prices, still we cannot assume that the prices were cheap enough for us to went in. A small rebound has occurred but how long can it sustain?Based on the FBM-KLCI chart, we can see that the FBM-KLCI is moving side way in between 1,480 points to 1,529 points. Strong support still seen at 1,480 points. If this point been taken out drastically, we can assume that the Malaysian share market might be heading to the South. It would create another downtrend market in the process.
The world equities market still looks unstable after recently sell off. Based on their charts reading, it seems that they are heading to the South. This is not a good sign. With the current sentiment is still unclear, it is advisable to stay out for a while. At these moments the opportunity to make some income will be lesser if we want to compare the losses that we might be facing.
The Bears are getting stronger and stronger at these moments and the Bulls cannot be seen anywhere. With the nuclear crisis in Japan still looks very unclear, it is advisable to wait and look for any opportunity that might arise from this crisis.
The world equities market still looks unstable after recently sell off. Based on their charts reading, it seems that they are heading to the South. This is not a good sign. With the current sentiment is still unclear, it is advisable to stay out for a while. At these moments the opportunity to make some income will be lesser if we want to compare the losses that we might be facing.
The Bears are getting stronger and stronger at these moments and the Bulls cannot be seen anywhere. With the nuclear crisis in Japan still looks very unclear, it is advisable to wait and look for any opportunity that might arise from this crisis.
Recently comments from The European Union's energy commissioner warned that "possible catastrophic events" in Japan could be seen in the next few hours. “The site is effectively out of control,” Energy Commissioner Guenther Oettinger told a European Parliament committee. “In coming hours there could be further catastrophic events which could pose a threat to the lives of people on the island.”
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