Friday, May 13, 2016

Selldown in KLSE


3.10pm : KLCI at 1620 level again. The weekly chart will not be good if it didn't rebound later before market closing.

http://www.thestar.com.my/business/business-news/2016/05/13/asian-markets-slide-as-klci-falls-nearly-24-pts/

"Selling pressure could be due to MSCI Malaysia Index being reduced to 3.09% from 3.43%, analysts."
Note : Do google search for MSCI to know more.

The selldown could be due to this piece of news. As I m reporting now ... everyone is wondering what is hitting them as the nervousness is clearly shown in forums.

Frankly, I could not really feel the actual FEAR to buy as much ... yet. So, start to buy in stages ... look into oversold blue-chips and whatever stocks we like ... to buy in mid-May and go away.

One of the step to prepare for market crashing : FUNDS ... will be discussed tonight 8.30pm (if wish to join me ... contact me at 012-821 0129 ... it is free but one needs to buy a coffee-drink). Limited space.

Participants are expected to share opinions and ideas too. Let's prepare together!

Venue : Tonight meeting  at SS15 Subang Jaya.

See you.

TEH

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