Kuala Lumpur Composite Index (KLCI) closed higher today, 1372.38, +2.79 but the futures market closed lower at 1362, -1.00.
KLCI first resistance (R1) at 1368.87 has broken but the second resistance (R2) at 1374.54 still there to be tested.
Can KLCI goes upward further? Or the resistance area is still strong? Sideways mode continues?
What was moving the market?
I’m not sure, maybe Pak Lah want to get married 
One Comment
The down or up movement of a market do not have any relationship at all on whatever forces that we can think of. If you happen to feel that the market is coming down, it will go up and vice versa.
There is no one guru who can thump his chest and claim that he had mastered the market. Ask George Soros(mind you this guy had made use of very very very large amount of syndicated funds) and he will tell you. You can claim fundamentals, historical, news, technical or whatever that you can think of and you will still be hit by the market forces. So does anybody know the secret…………?