What a crazy week! Have we reached capitulation? I don't know. The readings for the various sectors in KLSE remains:
Looking at KLCI monthly chart, we can see that only one uptrend line remains before we hit zero. That one is drawn from the low of 1986 with 1997/1998 crisis. Will we touch this line? I do hope not. Next probable supports: 800-820, 600-650.
The scary part is we are diving into these supports. Where is the rebound? Trust has been severely broken. When it is broken, it will take a long time to regain back.