KLCI up or rebounded 32 points to close at 1364 following overnight gains of 272 points from Dow Jone and investors expect European policymakers would undertake measures to contain the growing debt crisis.
At the moment, Europe major indexes were up 3% to 4% and Dow Future also on positive side. Most probably, KLCI will continue to go up tomorrow but beware of profit-taking.
The market may turn red in the second session if profit-taking kick in but all depend on the morning session, if it goes up then chances of turning red in the afternoon is higher.
Anyway, how long will the market continue to go up? Its unpredictable, it won't be surprised to see another wild swing later. The market is still volatile in short term.
With the situation so unpredictable, it will take some time to build up retail-player confident to come back. Currently trading are mostly done by institutional investors.
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