3Q2009 Is About To Over Will Black October Emerge?

3Q2009 is about to over in next week and if you still remember last year 2008 October is one of the month KLCI index drop the most to hits lowest that year at about 800 point. Most of the investor will call that month as a "Black October".

Black October actually not only happen in last year but happen a few time in history of world share market. Now will it happen in this year? Base on the chart, FBM KLCI index likely to move sideways and I think the index will well supported due to it can be control by top 5 share out of 30 component and plantation share will likely to give support to the index when banking sector is out of momentum.

























I think 3Q09 result will just about same with 2Q09 due to this 3Q the economic is drop by H1N1 and retail businuess will be the one hits hard. However Bank Negara still flow out the good news about Malaysia economic but how many investor will believe it. I think better now come out from share market and wait till the market correction before reinvest again.

I still believe the economic is getting better but now is just over brought and if buy during share market drop will bring more profit.