Tuesday, November 10, 2009

FBM KLCL hit new high

Hot! Hot! Hot! Today shows are from FBMKLCI components. FBMKLCI hit another new high again at 1276. The main contributor is CIMB which make another new high at RM13.04. Today most 2nd and 3rd liners are taking a breath. In turn the bulechips and some good fundamental stocks like Mudajaya are "goreng" up. Most institutes predict the FBMKLCI will pass the resistance 1288 and go as high as 1300-1350. After that there will be a correction. We are using the technical analysis tools day and night, if anything goes wrong we are able cash out on time before it collapes. Infact we like to see a big correction as the price of the bluechips are expensive now. This will create another chance for us to make money. So please visit this blog everyday to see my update.