Saturday, December 20, 2008

The Rally Run Remain

Yesterday, market hit low due to oversea performance weak. But it did not affected the base of the up trend.

IOICorp closed at above 3.54 and AASIA hit higher closed. I am still preferring buy in for short term investment but caution on watching the IOICORP movement in the coming few days.

KLSE still enjoying the up move because of :-

a) Lower interest imposed by Japan, HK and USA
b) Higher exchange rate against USD

But, it would not stood at higher than 890 points because crude oil and palm oil price registered lower. This 2 commodities demand continue bad indirectly bring its offer price hit the history low. Hence KLSE index will not perform better than what we expect.

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