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Hmmm... with the markets confidence already shaken, it looks like US Govt's Operation Twist sure twisted up the world economy... the investors were anticipating it but the expectations coming out it sure isn't. Instead of giving the market a welcoming confidence, it only heightened further worries about the economy outlook. It seems that the the measures wont make the economy any worse but neither does it makes it any better.

The DOW just opened 300pts down and threading further down towards 400pts down, we can expect another bloodshed tomorrow, especially it being Friday.

The US Central Bank gave early warning of slower growth but the recent statement "significant downside risks to the economic outlook, including strains in global financial markets" was the statement that started this sea of red spooking the investing market.

Imho, there is a couple of other factors that need to be addressed before this reverse of sea of red is seen, i.e. whether a Greece default will materialise (mid-October), whether China's manufacturing index will show another slowdown, whether Eurozone manufacturing shows slowdown...

Until then, even though the Bursa Index and share prices is hovering below the 20, 50 & 200 MA and RSI & Stochastic RSI in oversold position, I suggest sit tight, and start charting the shares which is fundamentally strong and had taken a beating due to this selldown, and prepare your warchest for the opportunity. Me.. I'll be on Dialog, Hiro, MBSB & Panamy.

Predictions downward should be not too difficult, take the bluechips held by most foreign funds and mark it downwards 4-5%, should be correct.

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