FBMKLCI & FKLI Below Par Performance
Versus DJIA or Regional Markets
Through the years, FBM KLCI had always risen and fallen in tandem with DJIA. Wall Street is enjoying newfound enthusiam even with so many variations and prognosis of how sustainable is the market for an ailing economy far less enthusiastic than many analysts would cordially agree to disagree.
As far as Bursa Malaysia is concern, our economy is "boleh tahan" >>> nothing much to shout about but still, surviveable?
Isn't the FBMKLCI suppose to be, if not on par then should NOT be in a reversal mode since DJIA have already broken it's 33-month high?
BN already secured the Sarawak victory they so wishes.
Ada apa TENSION lagi?
Or am I missing something?
The index futures (FKLI) is "on par" or rather a fraction of a point in discount to the underlying cash marketbut the technical signals are far from convincing something big may happen. If there is a big move around the corner, in all high probability it's gonna be in the shape and size of a grizzly.
Bottom line is >>> ZL still optimistic Malaysian "kerbau" still have more moos than boos
And if our market needs to deliver than it better be sooner rather than later. The DJIA Weekly Elliot Wave 5 is nearing completion .....
All the best to everyone
HAPPY WEEKEND
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