28th August 2006

The coming budget announcement on 1st of Sept, coupled with the Merdeka Day celebration pushed the index through 950.

The buying of the heavyweight index linked stocks by government linked investment funds to keep the index up is nothing new especially it is before a major budget announcement.

I will be releasing my ISI chart for September in the next few days.

I will give you my view of the market after the budget.

At the meantime lay low and wait for the budget announcement.