Since the last posting in Sep 2011, market has continue to go lower, bottomed at the end of Sep 2011. USD has also strengthening against RM.
As market go higher, USD is weakening again. USD is flowing out of the US to fuel the stock market uptrend again. Based on the market strength now, KLCI should be reaching 1600 level soon. It will be interesting to see whether KLCI will be taken higher from here - an all time high level in the history of KLCI.
As the FX retreating to 2.95 level (end Sep 2011 low), we shall see the KLCI pushing up to 1600 level. Hence it is interesting to trade for the next two months.
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