KLCI New Year Bounds Up May End Soon

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At begaining of the year 2008, KLCI start at 1,443.68 point and countinues bull up to 1,516.22 point in 6 trading days. At 14-Jan-2008 the 7th day's trading KLCI hits at highest 1,524.69 in 2008 and start turn down till end of the year 2008. During the bul run in countinues 6 trading day, KLCI up 72.54 point or 5.02% up.

If same thing happen on this year, the bull run will end by today on 07 Jan 2009 due to the bull run had > 5% up.
If base on trading day, the bull run will end by Fridays on 9 Jan 2009 and turn down.

Now the Market bull run did not up base on alot of solid good data anytime the market can go down with one single bad news, so if history come again on this crisis KLCI will go down to 600 point after this bull run.

I think now really not the time to buy in into market.

My old post:KLCI - The Turning Point

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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