Stunning 2 days rally on KLCI enter into the year 09 on a strong note as traders feel "positive"& "believe" the good day is finally arrive!Many says now it's the bottom when the DJI keep on the uptrend reading dispite all the bad news.
Will this is another technical rebound or the subprime's wolve is finally bury into the deep hell? We will see....
Techinically this 2 days rally mainly because of the platation stock. IOI, SIME......CPO is maintaining its momentum at about 1730 and finished at 1740, up RM 45, on the first trading day of 09 as good exports and strong crude oil offered support. (Crude Oil now at 47.42 USD/Barrel)
With the higher exports especially to China. CPO is expected to continue its upward momentum & trade within 1700-1900 levels (That's what I believe la)
Kindly put the consideration of ‘not so good’ current economic outlook as well(Ford Motor Co. just says its U.S. sales plummeted 32 percent in December 08....etc). Money hard to earn.........Ka Kong Chai, teng gan shok la !
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