Thursday, October 27, 2005

Property Counters

This is the weekly chart for the Property Index in Bursa Malaysia. The peak is March 2004. It is still in downtrend and making new low. Still cannot see the bottom. Will avoid all property counters from now onwards, as fear of interest rate hike will affect the sales of property, depressing earnings.

For past mistakes, I have to turn it into “long term” investment lor.

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