Sunday, May 25, 2008

Critical Area

KLCI Daily Chart

A double top? Or an oscillation between 1280 to 1305? A breakdown will be ugly. Which I think that this is the greater probability as all daily indicators are bearish.

KLCI Weekly Chart

A break down may mean that a revisit of 1150 and maybe 1000. The later is still too early to tell.

So watch out!

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