Hidden inside every chart is a story. A story about where the price has been and where it might go in the future. Some stories are obvious. Others are a little more difficult to figure out.
Tuesday, January 29, 2008
Waiting for Bush to pump in the US Economy
KLCI ends +0.6% at 1388.50 in moderate volume with gainers outpacing decliners 422 to 287; gains on Wall Street overnight cited as main trigger for buying interest as investors pinning hopes on another rate cut by the Fed this week. Among gainers, plantation stocks, oil & gas sector and select index heavyweights led market's rise. Benchmark tipped to trade in 1380 to 1400 range tomorrow. Investors will continue to look at the performance on Wall Street to guide their investment decisions. The market is likely to remain volatile ahead of the Fed's decision on interest rates.