I'm not in the mood for blogging. Today is the 6th of April 2013 and it marks one of the greatest movement in our local market, FKLI ! I was one of the casualties for my reluctance to cut loss and got stunned by the sudden spike up in price. FKLI and KLCI almost went limit up today.
The market opened at around 1721 and went to the all time high of 1834.5 which was an increase of roughly almost 10% from the closing on last Friday which was at 1680.5 .
I'm fortunate that this has only affected about 10% of my total capital in the futures market and I shall live for another day to fight.
This price movement has only happened once, if I'm not mistaken. That was in the year 1998 at the peak of the economic crisis of Malaysia. I have never seen our index going up more than 100 points before. It is an eye opener !
13 hours ago