Markets at new highs

As I write this blog, the markets around Asia are hitting new highs, higher than the June highs. KLCI is now at 1,120 while STI is also at a high of 2,432. Both markets should continue to edge higher in the medium term. KLCI should hit 1,160-1,170 and if we are lucky, the KLCI could even reach a high of 1,220. For the STI, it is likely to climb towards 2,640 levels. It is even possible for the index to hit 2,800-2,900 but it might be pushing it a bit. Nonetheless, both indices have a chance of riding on this strong wave upwards and rising to the higher end of the targeted range but it is still too early to confirm. We will have to wait and see if both indices can push past their initial targets. Happy Trading everyone coz this run could be the last run for a while. Once this run ends, the next fall will be a crash that will be an 'eye-opener'.