Tuesday, April 17, 2012

Dow Jones Industrial Average Heading For Correction?

Does Malaysian share market still have any more chances to move on? I'm quite doubt about it as our sentiment were fill with full rumours and news that the next 13th General Election is around the corner. Basically if we examine the way our share market move, we have little chances hoping for survival.

The share market seems to be losing its momentum with most of major speculation counters are taking nap. This scenario has been going on for few weeks and it seems that most of the speculator player or investors are waiting for the next general election to hold before building any new portfolio. At these moments staying out from the Malaysian share market would be a wise decision as there was no new lead or good news to lead the share market.

As for the Dow Jones Industrial Average, we must be well position at the moments as we can notice that the Dow has just started to show more sign of weakening. Based on the chart wise, we can see that the Dow has recently performed a Triple Top. No doubt the Triple Top wasn't a big one but definitely it is telling us that the index is going for correction. As long as the Dow didn't break the 12,700 points, the index still consider safe. If breaks then we have to start the ALARM.

However it is still early to determine whether the world equities markets have ended their move. We still need more time to determine where the world equities markets are heading to? But we must always be careful when the month of May is reaching. Usually the month of May was not a good month at all.

9 comments:

Edwin said...

Hi Jackie! Edwin here. I think the market sentiment holding on for now until GE, after that , your guess is as good as mine! I really enjoy reading your blogs!

I tried to find for your email contact in this blog but I couldnt, so I had to write here.

By the way, would you like to add my blog into your bloglist? My blog “Malaysia Stock Picks” is a site where all the latest news on stocks is updated on a daily basis as well as personal comments and opinions on the hot stock picks; you will sure attract more readers into your blog!

Here is the web address – www.malaysiastockpicks.blogspot.com Thank You for your time and kind consideration! =)

Jackie Lee said...

Hi, Edwin,

My email was leeboonhoe@gmail.com. Anyway I have already add you inside my blog.

Thanks for reading this blog.... Cheers ....

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