FBM KLCI May Broken 1,300 Level!

2010-05-21

FBM KLCI May Broken 1,300 Level!

Base on the chart FBM KLCI is going to broken below 1,300 by today. Soon panic selling will happen when 1,300 level broken and will push FBM KLCI index to hits 1,280 level.

It is time to run away from share market, when Euro market crash, same thing they will do by printing more Euro money like US so Gold market will shine again.

Gold price may hits USD1,500 per ounce.

5 comments:

Ivan May 21, 2010 at 9:26 AM: Bro Durian,

Wao. . US1500 . .seem quite high wo . . just 1 cen of my experience, last time when US in crisis, the comoddities also die . . including gold wo ..

how leh?
will history repeat itself ?
Ivan May 21, 2010 at 1:29 PM: wonder whether got luck or not.
buy for bargain and sell on coming monday . .

djia future seem green . .
but yet, when see at the off mkt price . . seem -ve ..

scare scare..
East Point Trading May 23, 2010 at 2:03 PM: Hi Ivan

Last time before 2007/2008 crisis gold price only cost RM88.50 per gram if you buy from PBBANK and after the crisis gold price had hits RM130 per gram and drop back to RM116 lowest.

Ever time after a crisis gold price did not drop back to they last low like this case gold price did not drop back to RM88.50 per gram.

So same thing will happen if this time crisis come from Eurozone, gold price will hits news high and will never back to RM 119 per gram.

Gold price had get going up since World War II so if you compare lower point to lower point, you will found a up line and never drop.

For guy that no yet married, better get some gold because the price is never drop, haha :>
kyong May 23, 2010 at 6:55 PM: Dear Durian,

From Technicals,the Gold shall drop down below 1150 near terms.,, breaking this level may further expose 1100.

The KLCI may trade in the range 1260-1300 near terms,,, barring any unforeseen worsening developments from Both EU/US.

The above are only my opinions.

Thanks.
Ivan May 24, 2010 at 9:44 AM: Thanks Bro Durian ,
Just wonder all asset is link together.. all asset is hardly to decoupling from each other. .but curious..

if share market are sink, by theory the cash shall move to bond / gold.. but previous crisis make up my mind..to defense..hold on. ..

today plan enter mkt.adi q.. . watching -15pts, bdown 1270..square (cancel) order 1st..c what's happening. .. .

no make money is better i been trape..bear bear is coming..unless short ci (not dare)..

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