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FBM KLCI broken 1,200 level may cause panic selling

Risk appetite remains low. There is plenty of confidence data out yesterday for the economy, business and consumers — both in the US and Eurozone. The trend should continue to signal recovery in confidence, from very low levels. With the commodities market still nervous, any data below expectations might cause more selling. Equities rebounded on yesterday but the rally did not continues in US.

However, European equities are struggling, and the futures market signals the same for US equities. The general trend in US treasury yields has been lower since the start of last
week. The yield on the 10-year US treasury is now at 3.30%, after touching 3.50% last week Monday. The bond market remains well bid, and signals a bearish view on the economy. Although we see more weakness for the dollar towards year-end, support for US treasuries could support the dollar today.

Back to Asia, China will celebrate 60th anniversary of communist rule on tomorrow and the market react caution about it so I think today FBM KLCI will move sideways and if broken 1,200 level may cause some panic selling.


Anonymous September 30, 2009 at 12:55 PM  

time for corrections.. and again, enable to let all get some potential shares in affortable price.

Durian Edge September 30, 2009 at 3:20 PM  

FBM KLCI is about to enter correction so it is time to buy in some warrant with good underlying share.

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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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