PIGS Crisis

Stock market rite now being hurted by PIGS crisis..is this crisis ll be more worsen then Subprime or Lehman Bro?...technical prob occured to DJ just few days ago also a hint to a new economy depress..but if we go back to world eco fundamental its still strong..If we refer to a history data, most of stock market ll take a breathe in May and during world cup season..last friday (7 May 10), KLCI trading lower -10 points, but its recover and closed at +1pt..what a defensive market here..our gov try to proof that our market is good around the region..most of big fund here not selling, only panic trader and contra player did it..

Diagram of PIGS crisis:-

After i studying some of sector, i found that property sector are undervalued..one of the gems here is A&M..

Fundamental Analysis :-
A&M
Current price -

0.62

NTA = 1.25
DY = -
PE = 16.2

A lot of insider buying this stock back,,but last friday one of the their shareholder disposed it..

Technical Analysis
MACD below 0
RSI = above 30%
ADX = near weak trend

So i ll wait till it show a uptrend first otherwise i start accumulate...need a good plan to enter...