4:58 am - KLCI continue to move sideway !

An interesting note is the 2nd half of 2008 outlook.

Beginning May 2008, on my popular voting, I have more than half of them were very bearish about the KLCI market. There has been a change in the proportion of ppl turning from bearish to bullish recently i.e. there is less ppl who is bearish.

I believe many ppl believe the KLCI has bottomed but at what level ?? With all these changes in the ppl's believe, I believe KLCI has yet to bottom out at least not until the US Banks bailout plan is over.

The market is very mixed now with many ppl sidelining remaining very bearish. I know if you want to make $$$, you have to be contrarian. Think buying when others are selling. So I am thinking of buying at his moment.

I will be ready when the buy signal is here and I wud signal in this weblog.

Stick closely !

Rgds,

-martin-

12:31 pm - MayBank took a hit after reopen after suspended down -0.40

10:00 am - Most of the counters are in the downtrend - including Dialog.

This make trading short term very difficult ! You have to pick the right counters to trade. This is a trading market for KLCI.

9:20 am - KLCI is still in the downtrend !