KLCI Is Forming A Mini Triangle Pattern
KLCI is forming a mini triangle pattern and index is poised to get out from its current congested zone anytime soon.
I think KLCI may go up in this week and next week together with the mini budget news and EPF dividend flow out. In addition UNMO is having election by this month so the index may jump up due to some news or some out come. Even if EPF dividend is less than last year the media will said it is better that expected to make the negetive news turn to positive news.
KLCI index will only go down at Apr like what had happen during 19 Apr 1998 I think.
4 comments:
Good luck, i definately stay out of the market coz all markets are free falling now. Theres a valid reason that economy wont improve, US and European banks mostly 'zombie' and US auto also 'dead' except Ford. Without banks, credit wont flow. Many business going bankcrupt, malaysia is no exception.
Ivan say KLCI will hit bottom at level 600. Sorry, is I am too bearish?
Let market tell us the answer ^_^
What if this recession is 18 months? 24 months? or worst 36 months? So Ivan, that's why i am very scared. Coz if i were to bet that KLCI touched 600 this year, memang menang besar! So if you play futures bet on SHORT, sure make money...
Malaysia sure will entry into recession and KLCI will likely drop to 600 or below.
However, all this will most likely happen in early of APR if I'm not wrong because in MARCH Najib will take out Badawi place as PM and because of that Najib will use all the funds he has to hold KLCI index above 850 point or more untill he savely become PM
I think if you buy in now may have some chance to make profit when come to mini budget next week, sure that will be some risk.
If today KLCI bounds up, it will mean Najib is supportting the share market.
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