On 02Apr2013, there is already rumours spreading that PM will dissolve the Parliament on 3Apr2013, but then again, the CI was bullish climbing for 17pt. Finally, the announce came 3Apr, the CI was dropping furiously for -50 pt, in just a short time, the CI fight back to close somewhere -17 (not quite remember) at lunch time, and end closing +0.4 pt. Those who play future had bet on the parliament will dissolve on March , end up getting their hand burnt when they short the Mar contract. Now I see that even the announcement is on Mar, the shortist still get burnt as you can see today. Maybe those intra-day futures player will gain some and he had to be very experience and fast in his decision to take profit.
Check with one of my broker, she say foreign fund has been accummulating, that the reason our CI was bullish, even on 3Apr, our local funds is the one who is trying to push down the index but end up have to buy back after realising the foreign guys are still picking what they throw.
Hmmm, now one may wonder will the actual polling day, the index will have a big drop ? I really quite bad at guessing, so I will let the time to tell me.
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