KLCI to pull back between back between 1480 – 1520

I think KLCI is still pretty sustanable given there are still many locals funds around.  I believe this will be a good time to initiate further bargain hunting but by stages.  But any buying will be rather defensive.

Poor data released this week from US and its debt ceiling crisis did not give a clue.  Italy is getting worst and thats enough reasons for another chain effect.