Thursday, September 11, 2008

Warning (1006 points)

The KLSE composite index may see as low as 1006. This is due to several reasons: -

a) Malaysia Currency against USD may hit RM3.52 to USD$1.00
b) Palm Oil future hit the supporting line of RM2, 300 per metric ton.
c) Valuation report from foreign analyst will downgrade against the KLSE composite index member.

The above bad issue will be continuing impact the market index hit lower and the strong support level will stand at 1006 point. But it is can sustain at this level or not, it also subject to bad politic issue must immediately eliminate at this point of time. Otherwise, few factors join up together may brings index searching another support level.

As an investors or long term holder, please avoid and out from market immediately.

I really hope this article can help you are adjust your investment portfolio.

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