KLCI Index Has Move Sideways For 5 Months

KLCI index has move sideways for 5 months and up down in between 850 to 890. Today is the end of 1Q2009 and the crisis look like not yet bottom and Malaysia politic still hot.

Till now we still hear worker loss their job and also the wost worker advice to take leave without pay ( company did not want to pay VSS ). It show the economic is in bad condition and likely to go more worse in going 2Q2009.

Now UNMO election had end and the money already pay by using share like KNM. KNM share had hit RM0.45 from RM0.32 before UNMO election after that drop back to RM0.38 and I think it will drop more till KNM unlisted from KLCI. I had sale all my KNM share during this pay day.

After Najib become PM KLCI likely to drop to new low due to no point to supported the KLCI. Now he need to supported the KLCI above 850 because any big drop in KLCI the bring negetive effect to him, but when he become PM all his done.

I had sale out all my share and I think this is the Golden time to jump in into Gold market because now the gold price is low.