About KLCI, Can it reach 1600? All time high? Is it Bullish Signal or Trap? Time will tell us. But in short term (I mean this week), I don't see it will reach 1600. Lets we view the chart below.
We saw today our KLCI touch 1580, then it rebound back in 2nd session. But I think tomorrow KLCI will drop to 1580 level, if problem in Europe not solve yet and still continues, Our KLCI could go back to 1560 level (Previous Level), Even can go lower. So last Friday i told to all my friends, last Friday and Monday was profit taking day, not buying day. So its means Market still bearish this week not bullish. I don't think KLCI will touch 1600 by this week. Let we rest again. No need to take risks, no stress. Haha. You can view on my chart above. how i draw it and you will understand how our market looks like. Actually I don't like to write so long summary, just short is enough as long all audience understand. Anyways I am not pro, this is just my view. Maybe U guys are right about market will touch 1600 by this week, who know? Anyways I will update every 3days about market.
I just want to rest again. Lets we enjoy this song. My fav song.
BAD DAY (DANIEL POWTER)
