Weekly Index Analysis

First of all, I must congratulate the organizing committee for the Summer 2008 Olympics for producing such a spectacular opening ceremony. Well done!

Back to business. Looks like KLCI is still not in a good shape.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down (-)
Finance	Down	Down	Neutral
Construction	Down	Down	Neutral
Plantation	Down	Down	Down (-)
Property	Down	Down	Down (-)
Mesdaq	Down	Down	Neutral
2nd Board	Down	Down	Down

For other markets, the readings are mixed.

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral
DJI	Down	Down	Neutral (+)
NasdaqComp	Down	Neutral (+)	Neutral
Nikkei 225	Down	Down	Down
Kospi	Down	Down	Down
SSECI	Down	Down	Down
HSI	Down	Down	Down (-)
TWII	Down	Down	Neutral (+)
STI	Down	Down	Down
SENSEX	Down	Neutral (+)	Neutral
FTSE	Down	Down	Neutral
DAX	Down	Down	Neutral

It is hard to read the market. I'm still staying out of Bursa Malaysia.