Thursday, September 04, 2008

TRADERS AND INVESTORS STAY ASIDE WAITING FOR SEP 16 !

Uncertainty will make stock market losing its direction. Technically KLCI should be supported at 1065, slight plus minus of 1065 shows the market is heading sideways, awaiting for Sep 16.

Credit Suisse advises investors to stay away from Thailand and Malaysia as a result of political concerns. In other words, it may translate to the foreign funds are still very cautious in Thailand and Malaysia portfolio exposure. The news is available on p. 03, Sin Chew, Biz Section and p. 07, Financial Daily, The Edge dated Sep 4, 2008.


Technical reading is not working well when the market is heading sideways which has no clear uptrend or downtrend. Therefore, as a retailer, trading is much more safer than investing at this gloomy market. Knowing how to buy but got no plan to sell in immediate term is quite risky as some shares will be getting lower in near term.

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