What will happen to KLSE in this final week of Snake year?

This is the final week for Year-of-Snake but seem like market is not going to do well before Snake handover to Horse.

With DJIA dropped 300 points on friday, and other major markets also down heavily. Look like KLCI will not be spared unless there is miracle !

There are bad news all over the world, like China economy cooldown, Argentina currency down, US tapering of QE concern, and also KLSE shorten trading week with the extended long weekend for Chinese New Year and Federal Territory Day holidays.

Hopefully with the KLCI already beaten last week, the drop will be minimal.

If heavy sell-down do happen in KLSE for this week, YTL will be my targeted counter to buy if it drops below 1.50.


The comments above do not represent a recommendation to buy or sell.