Monday RED Again For KLCI??

Posted by Kris | Sunday, January 30, 2011 | | 0 comments »

The KLCI was in the RED on Friday signaling a bullish reversal failure signal. Come Monday, most analyst are expecting that more blood will be drawn after the DOW JONES lost -166 points due to the "Egyptian Unrest" which i think is just a lame excused spinned by the media.The unrest is a localized due to high employment and inflation, hence the people are asking the Egyptian president to step down. I don't think the US economy will be impacted at all unless it spread to the Middle East, etc. 

The western media tend to simply link unrelated events to DJIA's performance.

Next week , there will be only 2 trading days since Tuesday, Thursday & Friday will be public holidays.