Sunday, November 18, 2007
KLCI Weekly Analysis
Trend is still up but weakening. Still above the 1994 high.
Trend is still up. But weakening. Maybe just consolidating?
Still holding. Looks like base building. No worries until is close lower than 1377.
With the listing of Synergy on 30 Nov, according to OSK calculation, the index may jump 30 points!
So we shall wait for the year end rally, CNY rally and election rally. What is the next theme? HK theme is currently down. O&G is not moving. Plantation is still up. Banking is not moving.
I got a feeling that this may be the start of the end of a good bull run. One more dash and then over and wait for another 5 years.