Hmmm...if you read the news, you can see that many analysis are giving high targets for KLCI. Very bullish indeed. I believe their calls are to lure the last of the buyers. Today's KLCI action worries me. I think that we are heading into at least a 30% correction using wave theory (around 1000?). Funds don't have to push anymore since their account will definately look good at year end. If rally halted, I think it will be restarted for the CNY play (early 2007).
Let's see what happens next.
2 comments:
Correction coming? I am buying by the tons and holding for the windfall. Someting is wrong with your thinking!
Agree with michael2005. It's a Super Bull. Rally will last until CNY next year.
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