KLCI historical high 16XX

KLCI has touched it's historical high and stayed marginally above the 1600 level for last few days.

There are bullish analysts coming out with statement that it will challenge the 1700 level in a few weeks time.

Will it continue to move up next few days, or next week? My answer is: I DON'T KNOW

To make it more practical and meaningful from investment point of view, here are some points worth to think through carefully:

• From technical stand point, the price pattern and indicators shows it has bigger PROBABILITY to go UP or go DOWN? What kind of time frame are we considering? 1 week, 1 month, 1 year, 2 years...?
• Does it have high valuation or low valuation now? Is it expensive or cheap now? 
• How will the global and local sentiment affect the upcoming movement of KLCI?
• How will the macro economy, structurally, affect the KLCI movement? 
• How will internal events or human activities, affect the direction of KLCI?
• Is there an urgency I have to jump in to buy now, because it's an opportunity I cannot miss? 

No one can predict the next movement with 100% accuracy. Regardless of which action you take, the key thing is you act on the option of HIGHER PROBABILITY OF SUCCESS and LOWER RISK. Then, regardless of whether it is a right or wrong decision, you have to REACT INTELLIGENTLY and SKILLFUL enough, so that  you can EXTEND THE PROFIT, MINIMIZE THE LOST. 


It requires knowledge, skills, and proper home work.