Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Monday, January 21, 2013

Malaysian stocks set for worst drop in 16 months on election jitters

KUALA LUMPUR (Jan 21, 2013): Malaysia's benchmark stock index fell more than 2% on Monday and appeared headed for its worst single-day drop in more than 16 months as worries over the country's upcoming election sparked selling across the board.

The FBI KLCI was down as much as 2.3% at 1,638.27 points by early afternoon, its biggest one-session loss since falling 2.5% on Sept 26, 2011, and bucking slight gains in other Southeast Asian stock markets.

A steady drip of headlines in local media about the election and speculation of a poll date late in March is fuelling the selling, said Kaladher Govindan, head of research at TA Securities, a local brokerage. The election must be called by the end of April.


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