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2011-09-23

FBM KLCI Next Support Line Is 1,344 Level

Without any QE3 roll out from US, US dollar value will up and investor will sale more share change back to cash. Same thing happen to gold price, now gold price already dip below 1,800 level however retail gold price still hold on in all time high, RM205 per gram for 916 gold.

With latest action take by US in stimulate the market and sale weapon to Taiwan, it show that US hope war will happen in Asia because if Asia continues to be stronger US position as leader of the world will be loss. Base on US history, World war II had safe US economy, too many people not job so died some in war will help.

Back home, foreign investor still become the net seller and base on the chart FBM KLCI next support lever will be 1,344 the opportunity to buy blue chip is near.

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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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