A Correction Or Hot Money Is Flowing Out?
Today we see FBM KLCI drop to lowest at 1488 before puss up back to 1490 closing. We can see base on the chart, a big drop after mid day to try to cause panic selling. For me this action show than hot money is flowing out from the share market because they need the profit for Dec holidays in western country.
Hot money will continues to flow out from Malaysia so I think FBM KLCI will drop more in next week. If huge hot money flow out from Malaysia than share market will dip to a very low level.
However the meeting of Bank Negara and G20 will giving a high impact on FBM KLCI next week so now still early to said share market is in healthy correction.
2 comments:
just by a 20 pts drop u can qualify that as hot money flow out, damn how i wish i m as good as u , in given such qualified commentary. MSN Money should have you in their book...
Either to fan further down swing of stocks, or jumping to conclusion too early based on a small drop of index.
Perhaps everyone in the market should remember market never go up in a straight line.
Post a Comment