Going Against Panic

The key FBM KLCI will likely come under selling pressures today. Technically speaking, the benchmark index could test and break below its immediate support level of 1,445 ahead.

On the external front, sentiment is expected to turn cautious following news that it would not be easy for the European nations to come to an agreement on how to resolve the regional sovereign debt problems. Reacting to this concern, major U.S. equity indices dropped between 0.6% and 2.0% at the closing bell last night.

I think to made profit for now we need to going against panic selling.

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Investment Idea

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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