Foreign Fund Sale Down Local Fund Buy Up

This few day we had see FBM KLCI close strangely at last few minute before closing. They can buy up the share or sale down the share just using a vary low vol, this really send us a be-caution sign. As we know foreign fund is exiting from Malaysia market since begining of September till now and with some new implementation in budget 2010 have make foreign investor unsatisfied especially 5% tax on property.
























As local fund push up the share they will be a sale down by foreign fund so I think FBM KLCI will keep in between 1250 to 1270 for some time the situation may change if regional market rally or drop into correction. But base on regional share market like Shanghai's SSEC Index and Hong Kong's Hang Seng Index there are about to drop into sharp correction so in short term the share market in Malaysia may likely to enter into a sharp correction. Due to Dubai debt and western economic situation may unstable yet the situation is more likely to happen.
























Market have rally since mid of March till now so it is better push out your money in share market before any big correction begin and most of the time this correction happen in the time that most of us think it may no happen like year end of before Chinese News Year. Year end windows dressing already not happen in this year so I think we better did not hope Chinese News Year really may happen.