I believe this market is for trading and trading only. We are almost at the end of this current rally as even the smallest and 'almost unheard of' stocks are also rallying. This was the case (for the Malaysian market) in the 2004 rally as well as the 2000 rally. Stocks in Spore are also potraying similar characteristics.
Both markets are also showing similar chart patterns. KLCI is trying hard to break out of its 1,390 while STI is trying to break 3,650. The breakout should happen this week. The breakout would likely be the last leg up for this round. We should see a stronger and longer consolidation thereafter. So people, be vigilant!!! :)
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