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Saturday, October 04, 2008

Under 1000 Soon?

700 billion bailout and no immediate effect on the stock market. This is not good. I think that KLCI will close under 1,000 by next week. World stock market is very bearish now. Everything is crashing. Do you have the mind power to see your stock crashes? Oh...did you say long term investment? Oklor.

No change for sectors in KLSE.
Malaysia Longterm Midterm Shorterm
KLCI Down Down Down
Finance Down Down Down
Construction Down Down Down
Plantation Down Down Down
Property Down Down Down
Mesdaq Down Down Down
2nd Board Down Down Down

For the rest of the world:
World Longterm Midterm Shorterm
S&P500 Down Down Down
DJI Down Down Down
NasdaqComp Down Down Down
Nikkei 225 Down Down Down
Kospi Down Down Down (-)
SSECI Down Down Neutral
HSI Down Down Down
TWII Down Down Down
STI Down Down Down
SENSEX Down Down Down
FTSE Down Down Down
DAX Down Down Down

Will China and India save the world? Some economist will make you believe that theory. But the stock market is the leading indicator of the economy. I don't see any buying signals in the chart for Hong Kong or China counters yet.

Anyway, the world markets is heading into oversold position. So a rebound can happen anytime. Don't be fooled by the rebound. Stay aside if you cannot make bearish play. No joke, it is better to keep your money in the bank (and loose through inflation) than invest in the stock market now. It's really tough even for the hedge funds.

2 comments:

SwingTrader100 said...

Our stock market has been down for quite a while.

I agree with you it is oversold and a rebound can happen anytime.

Too bad that we can't short the stock market.

I am looking at trading opportunities in the Crude Palm Oil(FCPO) Futures. It is also down but at least we can short it.

swifz said...

If you are a TA trader, go for US options. The trend is still strong there. With Internet, don't limit yourself to Malaysian market. Look outside for wealth!