FBM-KLCI Attempting To Break All Time High ?????

We are entering in the year of Dragon but it seems that this Dragons were lack of powerful shots. No doubt we can see some trading opportunity each and every day with rotational movement, the firepower was not strong enough.

Looking at the current sentiment couple with the worldwide equities market movement, it looks like our share market still have more opportunity to trade with. Right now we are trying to move into Bulls Run with recently turnover created 2 billions to 4 billions share traded. But can we call it is a Bull Run?

Current sentiment looks very stable with trading opportunity still well pressured. Usually after Chinese New Year, the share market will move slightly higher before it losses its steam. Right now we will set 1,530 points as Main Supporting line with the Major Resistance line stand at all time high of 1,598 points. A break of that level will create a new high for the FBM-KLCI. We think that current government (Barisan Nasional) or 1Najib or 1Malaysia will try very hard to push the FMB-KLCI to break a new record high. This might be the last push before the next coming election set in around end of First quarters or Second quarters - mid of this year. Rumurs now running very high that the 13th General Election is very near now.