Monday, January 03, 2011

KLCI: Marching Towards 2000

Congratulation! for our local mart to be able to hold above 1500. Since early 2010 the index has added around 300 points from its low of 1225. This represent of more than 20% increase. So, how about in 2011? Well, I would say the bull still charging up at current level as it trying to make new high going forward. Of course any new high or uptrend there will be a sharp pullback and it will be limited - I would recommend this is the time or opportunity for buying. As the bull is in control, do note of the silent bear waiting for killing. Any index pullback below 1500 in 2011 will be slightly negative and index shoot below 1300 is what I do not want it to happen. I believe 1300 will not be the case in 2011 and I still confident in our local mart will perform better. LONG LIVE BURSA for grabbing the figure 2000. :-)

Happy Trading and Good Luck!

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