Thursday, July 7, 2011

Nasdaq - 'Head and shoulders' ?? or 'Double Topss'??




Nasdaq gained 33 points (1.1%) after 90 minutes of trading. The index is at 2867 level at this moment. Just wonder whether it is going for 'head and shoulders' or 'double tops'.

For Bursa Malaysia, most of the indices remain at the higher ends. KLCI, Emas and Finance indices are setting new high every weeks but I can hardly feel the present of the bull. In those bullish years, it was not like this. At this height, in a real bull we should see record turnover everyday. Investors would go for 'shark fin' and 'yam seng' everyday when the market breaks for lunch. Something is not right at this moment. Better be careful.


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