KLCI Bull Run Is Taking A Rest

2009-05-22

KLCI Bull Run Is Taking A Rest

KLCI bull run may rest now and it is the time to see the true economic recovery level when the index drop back to how far from support line. When share is about to drop Gold market will bull run.

In this few day Gold price is on the way to hits back USD1,000 per ounce.

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5 comments:

Elvis2020 May 22, 2009 at 3:56 PM: Hahaha, malaysia stock market is really something! While other market oldedi show signs of pause, it keep going and going and going. Maybe Najib is trying to show somehting? Well, i am not in the market oledi, waiting for correction but maybe i will be dissapointed. By the look of it, maybe our local fund manager want to make our stocks pricey so foreign funds buy from them at overinflated prices! Coz if recovery is sure by next year, by then foreign funds will start to buy in big way?
Elvis2020 May 22, 2009 at 5:07 PM: Here's my 2 cents worth of opinion. I think something is going on between Singapore and Malaysia. Since Najib very close to Dr. M, so this two siamase twins surely want to make tons of money. Remember 'MEGA PROJECTS'? There's plenty of $$$$. Remember 'scenic bridge'? Singapore also in deep trouble as best friend USA oledi bankrupt. So no choice really, by having Malaysia as new best friend, as least Singapore can weather this recession. Also China closely to Malaysia than Singapore. Make sense to me....
Elvis2020 May 23, 2009 at 1:55 AM: Something is on going between Malaysia and Singapore. I suggest to buy counters related to these development like Tebrau, Dbhd, Equine, Resort, Genting, Scomi, Mrcb and also Ramunia. Sime Darby hassle buying of Ramunia suggest that BIG HANDS are involved. My 2 cents opinion of course..
East Point Trading May 25, 2009 at 8:09 AM: I also think the market is something not right.

The economic is not yet recovery and currency USD/RM also showing RM is getting stronger but Malaysia export to US is already slow plus RM stronger USD will make the export drop more, it is bad news.

KLCI may over due for correction, however the market may will supported by someone but may last long so I had brought some warrant AMMB and IOICORP. Once get some profit run out from share.

Now gold price is moving up, almost 90% of may investment is in it. I miss the share bull run but not this gold bull run.
Elvis2020 May 25, 2009 at 12:12 PM: From politic to economy, Malaysia is one big puppet show, bro. Politic mostly from royal families, 2nd generation political elites. Business also belongs to them, i am referring to Malay of course. Cannot blame them also, coz only in Malaysia they can get rich, if they migrant, cannot survive due to competition. As long as you know these as a fact, make life easier here.

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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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