20070815 1136. KLCI cash market plunges today, joining the global rout. The 200 Exp moving average level might provide the next level of support. As we said before, the focus now is on preservation of capital, and not cowboy trading, unless of course one has the short position to take advantage of the downtrend. The world equity markets (with the exception of China) paints the scenario of the following story. 3 weeks ago, 500 people went into a warehouse and set up boom boxes with plenty of food and drink. So they had a big party. However, unknown to them, there is only one 6 foot door as the exit, and there has been a gas pipe leakage all the time. Now somebody lighted a match and KA BOOM. Everybody is now rushing to the one small exit door and only a few has got out. The rest are still stuck inside the burning building and trying to get out."