KLCI Index Hits Back To 900 Ponit
Yesterday, KLCI had hits back to above 900 point and I still hear alot of my friends job cut OT cut benefit and so cut working hours to 4 day a week.
Few days back, export had drop 25% and CIMB is offer unpay leave up to 6 months. I'm still think it is all this is good news that make the KLCI to go up to 900 point.I readly not think so.
Malaysia situation is still bad and the reason why KLCI go up is likely because Najib is replacing Badawi as new PM. So this situation is positive.
However, the KLCI situation may countinues or not really hard to think. For me I will likely to stard sideline till end of Jun.
4 comments:
I also not very sure if market continue to move in positive territory. But i am sure that few weeks ahead market will go down...A LOT. This may not be a bear market rally anymore but more of adjustment of pricing. So DONT CHASE!!! You miss the boat, so wait for it to come back to you.
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Hai,
Everything Malaysia
Welcome to my blog.
The market direction will be more reviewed by this week (6/4/09 to 10/4/09) by looking at the vol trader.
If the vol is high when KLCI index drop this mean the big drop price adjustment may happen, however if vol low when KLCI index go down than it mean KLCI may hold on this point and the big drop will unlikely to happen.
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