Smart money coming back to KLCI?

1. Foreign investor selling cooled off yesterday with only RM30m net selling, this is significantly lower than more than RM200m last Friday.
2. KLCI break above 1770 points yesterday while mid cap stocks are generally flattish.
3. BUY SLOWLY. Time to accumulate slowly on stocks and prepare for the next surge.
4. Concern on Fed Reserve reversing QE have been priced in into the market.
5. My view is that Ben Bernanke will "manage" his words carefully and it won't sound outright QE exit. Which means market should react positively to it after its announcement on Thursday.