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FBM KLCI Chart Still In Bullish Patten

After a few day deep and recover some and deep again, the FBM KLCI chart still in bullish patten. However, due to US policy maker is pushing for QE3 so US market may likely to push lower and sure will effect Malaysia share market also.

But want QE3 flow out, share market, Gold price and Food will go up.


Anonymous August 4, 2011 at 11:14 AM  

Yes, it is still bullish.
But this is misleading.
Instead, you should say it is less bullish now.
It was very bullish before this, but things are less bullish now.
Dead cat's bounce.

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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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