Bull vs Bear (19 Sept 2007)

Bull vs Bear

Barely noticeable change. Seems like we will continue to become a laggard market. Luckily we have some foreign CWs to play with.

Anyhow, let's look at the banking sector today. The following are my interpretation based on their weekly chart:
Affin: Long term uptrend but in consolidation mode now.
AMMB: Long term uptrend and it seems possible that the correction is over. Trying to build a base at around 4.00.
BIMB: Trendless.
Commerz: Long term uptrend and it seems possible that the correction is over. Trying to build a base at around 10.50.
EONCap: Trend pretty flat.
HLBank: Long term uptrend but not yet complete it's correction yet.
Maybank: Long term uptrend but not yet complete it's correction yet.
PBBank: Long term uptrend and it seems possible that the correction is over. Trying to build a base at around 9.50.
RHBCap: Long term uptrend and it seems that it is starting to move up again.