KLCI Bull Run May Rest Soon.
KLCI bull run has start since 13 of Mach and already bull run for 40 trading day with 21.52% up side from 843.84 point.
Along the bull run, KLCI look like unaffected by H1N1 news and US economic crisis, Malaysia export record still low with workers jobless still increasing.
However I think this time the bull run major reason is because USD value is dropping again all Asia crerency so most of the investment money run away from USD and buy into Asia share market before any serioul devalue of USD. KLCI is in over buy sitiation and any time the share market will go throught corretion, same thing happen before at 2007.
At year 2007, KLCI also had a bull run for around 43 trading day before a major drop. By that time KLCI had incress 202.83 point to close at 1285.08 with 18.74% incress.
Thing may happen again this time and in share bull run will not countinues always without correction before go more higher, so if you miss the bull this time tham wait the next one.
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