23-May-2008 : KLCI is holding up above 1271.0 ( 22-05-08 THU)

KLCI is holding up with big fall at US, most of the big funds is in the market and holding it. Normally ever year from end of May till early of July, the KLCI is move sideway and the vol is low. This may been due to school holidays in Singapore, most of the fund manager is in holidays after profit taking early of the year. For this year, I think the patten may been change due to vary low retail traders in KLCI and most of the funds had jump in into market after the election waiting a good time to come out. Without retail traders go in all the big funds can't come out.
Now the good news is, KLCI will go sideway and holding up. Big drop of KLCI may will not happen.