After dropping badly for several transaction days, KLCI had started to increase in last tuesday (i.e. 6th, March). Furthermore, KLCI had continued it’s rise on wednesday and the following transaction days of last week (i.e. from 7th to 9th of March). Anyway, such rising trend may not be able to last in this week.
From the graph shown above, we can see that was just a narrow increment on friday compared with those relatively much larger increments on tuesday(6-Mar-07), wednesday(7-Mar-07) and thursday(8-Mar-07). That means most of the investors had started to worry about the market’s adjustment that would happen anytime and took a wait-and-see stance for the time being. Hence, investors are advised to be more aware of this sentiment. All in all, there were most of the market analysts expect that profit taking corrections should arise in this week.
