Maybe the KLCI is not ready to go down yet.
Tuesday, January 15, 2008
2:52 pm - News for the Sheep !
Here you have a report saying how good is our country economy ! Selldown on good news.
Malaysian economy to remain strong on increased intra-Asian trade - Zeti KUALA LUMPUR (Thomson Financial) - The Malaysian economy will remain robust even if major developed economies suffer a slowdown this year as the country has a strong trade link with its Asian neighbours, the Bernama state news agency reported, citing central bank governor Zeti Akhtar Aziz as saying Tuesday. "Our domestic economy is very strong and so are our trade links with the Asian region. For Malaysia, two thirds of our trade now is with Asia and most of the Asian economies are doing well," said Zeti. The central bank governor is not expecting the subprime mortgage rout to have a significant impact on the local economy. "Essentially, we will see some volatility in financial markets because of the contagion (effect) but the economy in general will be able to absorb (the shock)," said Zeti. The Malaysian economy expanded by 6.7 percent in the third quarter of last year on strong domestic consumption after the government approved in July a wage hike of 7.5-42 percent for the country's more than 1 million civil servants. The central bank is expected to release the 2007 GDP data next month. The government is looking at a growth rate of 6 percent for 2007 and 6-6.5 percent for this year.
Malaysian economy to remain strong on increased intra-Asian trade - Zeti KUALA LUMPUR (Thomson Financial) - The Malaysian economy will remain robust even if major developed economies suffer a slowdown this year as the country has a strong trade link with its Asian neighbours, the Bernama state news agency reported, citing central bank governor Zeti Akhtar Aziz as saying Tuesday. "Our domestic economy is very strong and so are our trade links with the Asian region. For Malaysia, two thirds of our trade now is with Asia and most of the Asian economies are doing well," said Zeti. The central bank governor is not expecting the subprime mortgage rout to have a significant impact on the local economy. "Essentially, we will see some volatility in financial markets because of the contagion (effect) but the economy in general will be able to absorb (the shock)," said Zeti. The Malaysian economy expanded by 6.7 percent in the third quarter of last year on strong domestic consumption after the government approved in July a wage hike of 7.5-42 percent for the country's more than 1 million civil servants. The central bank is expected to release the 2007 GDP data next month. The government is looking at a growth rate of 6 percent for 2007 and 6-6.5 percent for this year.
2:49 am - This is a beautiful chart for short selling.
Look like more of a bearish engulfing pattern - A reversal pattern for KLCI.
12:13 noon - Look at BAT, everyone is accumulating BAT for defensive portfolio.
Here is the weekly chart for BAT.
Look at the high spike on Feb 07 when the volume is at the peak. When the election is over, look at this stock for dividend yield play.
10:05 am - KLCI volume has peaked. Can this is a sign of reversal ?
This is background to unload or sell your short term trading of shares.
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