It looks to me like the market is going through some short term strength (agreeing with another blogger here) and here’s why: RSIs on the KLSE are moving up in conjunction with the market, volumes are holding and the press has been muted regarding this recent strength. I expect that since most players are mesmerised by the upcoming shoulder resistance at 932 and holding off until they see it get penetrated.
So? I expect the smart the money to give things a push beyond that to snare in some more buyers before offloading their shares. And I want to be there when it happens. Standing aside and watching.
