From The Star Online:
KUALA LUMPUR: Asian markets ended mostly lower yesterday, taking the cue from the falls in global stocks from record highs following remarks by former US Federal Reserve chairman Alan Greenspan that there could be a “dramatic contraction” in China’s over-priced shares.
Greenspan’s comments, together with warnings from Chinese regulators and some of Hong Kong’s business leaders last week, sparked fears of a possible selloff on the Shanghai stock exchange, sending most Asian markets tumbling.
The KL Composite Index (KLCI) lost 14 points, or 1.03%, to 1,340.98 as investors consolidated their positions after the market closed at an all-time high of 1,367.51 points two days prior, a chartist told StarBiz.
What will happen to KLCI? Nobody know what will exactly happen at the end of today’s trading session. Or what will be the opening price for next week.
For me it seems like a healthy correction period. KLCI just touched the resistance area after all medias reported new record high before it straight went down until this afternoon.
As far as the technical analysis principle is concern, don’t ask why the market is going down, analyze the price and if you’re wrong, just admit it.
Ding! Jakarta is performing better than us.
Happy Investing!
2 Comments
Next week xtau la apa cite. Dah dua minggu xmasuk market pun.
Pakdi: Tunggu dia keluarkan cerita dulu baru act
Fuh, tok moh jampi esok saham sihat. hehehe. Nak dekat2 1 Jun nanti, aku akan kabokan padamu sesuatu.
Pakdi: Cam dah ada trading range