Posted by jonatlau79 > 2016-08-13 08:08 | Report Abuse

Budget 2017+Sudden PRU-14+BN Great Victory . T/P: 1,900

Posted by Icon8888 > 2016-08-13 08:41 | Report Abuse

Matket does look bullish

Posted by murali > 2016-08-13 08:48 | Report Abuse

CpTeh will be very sad.......

Posted by jonatlau79 > 2016-08-13 09:06 | Report Abuse

http://ritholtz.com/2016/08/faber-50-crash-coming-however/
(The Day Will Come, But No One Can Know When)

Posted by phg1 > 2016-08-13 10:48 | Report Abuse

So cpt should be very happy. After the euphoria, finally there shall be a crash.

Posted by ScrewDriver > 2016-08-13 11:14 | Report Abuse

For the time being, it is premature to conclude that the market will crash in intermediate-term (1 year), shorting the market now is a guaranteed path to losses unless you are doing short term trades; because you will never know how high a bull market can rally.

Foreign funds have been rushing out of Malaysia from 2014 to 1H 2016, so it is the time for them to reseek risk for higher return, by revisiting emerging markets. This series of events will coincide with the strengthening of Ringgit (and crude oil price).

Will update more as FBMKLCI breaks extra long-term trendlines or extra long-term moving average.

Posted by ScrewDriver > 2016-08-15 17:10 | Report Abuse

If FBMKLCI break 1747, it will spur the greatest bull run not seen since 2008, because 1747 is the 200weekly sma, breaking this level is equivalent to declare bull run on extra long-term (>1 year).

I don't see a problem for FBMKLCI to break this level.