A breathtaking week in KLCI !

Is been a while we see a drop of >30 pt in our index in 1 day or 2 day . Those last one happened in 5/Sept where she drop 34 pts in 2 days while on 21/Jan/2013 drop 40pt in just a day. This is due to announcement of the GE announcement date to be 22/Feb ? So, expect a bigger drop on 22/Feb or the day it is announced where whatever short term or mid term TA or FA will fail. I would say that FEAR of whatever results of the outcoming election make every investor or trader not to hold too many shares in their portfolio. Hmm, so I'm also in my planning stage to trim down some long term investment stocks and buy back after the election.
I'm expecting the index will go sideway or the most climb towards 20MA and slide down further. You can see the weekly Stochastic and MACD line has bearish crossover which I do not expect to break any resistance in these 2 weeks. Initially, I intend to hold Paramon till 1.77 but seeing such jitters can happened in such a fast pace, I decided to take profit at 1.57. In this few weeks till election, I will intend to go for a very short term play (less than 1 week) if there is some stocks which I really like her chart .