Budget 2010 Effect On FBM KLCI Is Over

Budget 2010 reviewed last Friday did not see a vary good budget. Due to the budget, FBM KLCI was supported strongly and now the element of surprise is over, will FBM KLCI drop below 1,200? For me unlikely will happen not because of Malaysia economic fundamental strong but due to FBM KLCI index can be support by only Banking sector and Plantation sector.

However I think month of Nov will drop compare to Oct. Think may turn wrong if you see US DJ index chart already showing some sign of weakening. I think it is better to be ready to next big correction.

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Investment Idea

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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