KLCI. Brief comments

On 18/08/2008 the 1090 neckline support was breached. Immediate resistance at 1100 thereabouts. Expect to see more range bound movements with downwards inclination.

Sept 16 (16092008) is the new buzz word for these few days. And it is due to the local political scenario. Is a drastic change expected? On March 8, we had the General Election which saw a sweeping change in the balance of power and the weakened Barisan government. On March 10, we saw a big dip in the KLCI. As we all know, the PKR leader planned to bring down the current Barisan government on Sept 16. Whether this will happen on Sept 16 or later, remains to be seen. What can be expected for the KLCI on Sept 16 and the day after? ..... 16092008

Personally, i rather be holding to cash now than be in position. Counters that i'm watching are getting their support levels breached, anticipated pattern formations failed and etc. Very important to remind one self on trade capital management and spread.