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2010-06-16

Today May Be A Good Day FBM KLCI Broken 1,300 Level - A Bull Trap!

















With Dow Jones Industrial Average jump above 200 point, it may help FBM KLCI to broken 1,300 level today. But are we getting better? Base on the data comparison between this month and last year same month, you will note that between March to June is the turning point of share market recovery so in this period the data will be the lowest so by using comparison with the lowest data sure it was a good news.

For me I think after FBM KLCI close back the 1,310 gap the index will dip again however to hits back to below 1,000 will be unlikely due to US and Euro will not let their economic hits bottom again.

Beware also the economic simulation, if you can recall early of this year, news had said that this year 2H2010 will face impact when the economic simulation is over so by push up a bit the share showing that the share market is supported and dip it in 2H2010 with the reason economic simulation end. For me I call it a bull trap 2010

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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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