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2010-01-22

FBM KLCI Drop Below 1,300 Level
























FBM KLCI loss the 1,300 level vary fast and this is a sign of weakness, if today FBM KLCI close below 1st support line at 1292 level so the index will drop 1,2750 before bounds back take place. Chinese News Year is at mid-Feb so now most of the fund will cash out from market.

Base on the market situation the share market may likely to go till end of March beyond that a big correction may likely to happen. By that time it will better store up your money into gold because any drop in share market crisis will make the gold price more higher and by 2H2010 gold price may hits USD 1,300.

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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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