FBM KLCI Still Look Bullish But US and Euro Show Bearish Sign
Base on FBM KLCI chart, index still look bullish and this few day the had roll out good financial report from blue chip PBBANK and Digi. However in US and Euro share market, thing is not too good because base on the chart Western market is in bearish side. 2008 crisis is come from US and it will likely this time crisis is come from Euro and base on history KLCI index hits above 1,500 history high before enter the 2008 crisis so will this happen again?
Big money need retail investor to fill in they gap in high price so share may go very bullish before dip into bottom. In Gold market, gold price in US per oz is dip from as high as 1,250 to 1,180 5.6% drop in about 1.5 months so is it investor move they money out from Gold and ready to jump in into share or money market? For me I think they are slowly move the profit in share into gold market because big money always manipulate news to sale high, buy low. Sale share in high price, buy gold in low price.
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