Friday 2 January 2015

2014 KLCI closing ! A drop of 5.6% for the year

Since 2009, KLCI has been climbing every year. After 5 years, this is the 1st year KLCI drop and is a significant one of 5.6% (105 pt). Is 10+am now, KLCI has been dropping for 16pt, will this be a signal or indication, this year would not be a good year for KLCI also ? If KLCI not able to climb till upper trendline, then the downtrend momentum would consider intensified. Time will tell. This is the time for the hard core value investor to braise for the difficult time where their paper profit may have half off or for the just bought in the end of 2014, then is a huge loss that would test their patience to to hold on and to average down when the time is right .


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