Sunday, March 11, 2007

KLCI - 9th March 2007

KLCI rebounded and is testing its psycological level at 1200 points, once it surpass this level the next level will be testing at 1217. Will this rebounce sustain ? Transaction volume is in a declining stage as shown in the above chart, does this means a sign of exiting by the investors ? Will history repeat itself of year 93-94 ? Looks very similar. Be careful folks, if possible try reducing your holdings. At this moment just wait and see whether the upside prevail and bringing back the confidence level to the market.

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