maybe all the local institution exchange share at highest price to show bull sign is return, after monday result show local retail is first day turn negative 13mil from market. They want more small fish to go in and help them support the market
I agree with you Simon, how long this artificial rebound will sustain since bearish sentiment still sorrounding the market. Btw, congrat to bluechip for earlier window dressing. But dont forget -90 points Range from last and early this week. The average of +17 Point up today just represent 35% of total points still consider downside bias closely to exit of bearish zone..
Today is different ..Today is most special and miracle day to trap you all water fish into the cage .. Let see what happen tomorrow KLCI if to9 US and Oil no rebound back . :)
how i wish.. 1720. maybe not this week. as they have done magic show up 27c today, how can it drop more than 27pts the next day? it will spread over a few days to drop 27pts. with a lot of fake supports.
unless oil price stop bleeding, else i dont see any reasons klci can hold at 1767 level, or even 1735 level.
1700 is just a convenient support level but not a real support. real support level at 1600. in any event if 1600 broken, next year u can see 1300.
They know anytime another crash will take place..artificial forced buying the Price of bluechips yesterday as precaution measure to avoid index become more worst...wait either 1720 will cross down this morning.
Foreign fund Tuesday sold 281 mil and local retail sold 9.7 mil. but yesterday foreign fund only sold 68 mil. This is the reason why index up 27 point. Now oil price can see 60.xx and US dow jones -227, good luck for who still hold put warrant to earn big.
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kytan
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Posted by kytan > 2014-12-10 17:13 | Report Abuse
maybe all the local institution exchange share at highest price to show bull sign is return, after monday result show local retail is first day turn negative 13mil from market. They want more small fish to go in and help them support the market