02-June-08 : KLCI is on the way down

Overall I believe the KLCI is susceptible to more downside risk going forward, possibly backing off from 1,275 its immediate resistance which remains a challenge for the key KLCI to overcome in the near future to slide toward its first support level of 1,235. Below which, the next support line stands at the psychological mark of 1,200. The broadly thin market activity, on the other hand, may result in a choppy trading pattern for the benchmark index, even as the number of declining counters is likely to be greater then the advancing stocks on most days. Last Friday money is start flow out from KLSE, the market now is vary unstable due to big funds is staring to come out. I had pull out all my stock last Fridays to get my profile.