Bursa Malaysia lack foreign funds' participations and that's a no brainer for any pea brain local investor to contemplate. Nevertheless, this problem cut both ways - making local funds the king of the hill or would you rather prefer an anthill?
On the other hand, any selldown is self generated >>> who else but "taikor" GLFs & and a few local gangster funds? With whatever little foreign involvements (practically non-existent compare to Singapore) our bigboyz rule the roost. In a way. retailers are actually living it up in a quite well secured comfort zone. How many times can any investor recall our local mart had been under real threats since the FBM KLCI was implemented?
Other than some random profit takings and consolidations, just check out what have we achieved before the FBM KLCI can even celebrate it's 1st Birthday? Check the Composite Index of June 2009? Now?
1095.91 >>> that's the intraday month high for JUNE 2009!!! And until May 2010 how many monthly RED CANDLE had 1Bursa painted? ONE is the lonliest number accompanied by one plus Doji with the rest all GREENS.
Lu mau apa lagi???
So before you start your next RANTING & GRUMBLING or whatever >>> REFLECT!!! The problem is YOU - the retailers nothing more nothing less.
Let the end of the day results speaks for itself >>> ZLBT provides the FBM KLCI daily & weekly and show us you are not all THAT lazy to check out the FBM KLCI monthly and tell ZL straight in the face what ZLBT said as per above are nothing but HOGWASH?
Read the full FBM KLCI daily analysis here >>> http://zlbursatheme.blogspot.com/2010/04/technical-analysis-composite-index_30.html
And while you are still at it, can you be a little extra hardworking to check out ZLBT Archive and confirm was optimistic or pessimistic looking backwards to the FBM KLCI b4 JUNE 2009or you'd rather be spoon-fed for the rest of your miserable investing life?
Have a prosperous week & HAPPY TRADING
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