To Test The Downtrend Line?

All sectors are still pointing downwards:

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

However, the downward pressure doesn't look strong. This observation is obtained base on the daily MACD reading that shows some contradiction with the price movement. A good chance that the rebound may continue towards the downtrend line that is currently at around 950. Maybe the rebound can just stuck at 920 again. The important point is that the probability is still not favorable for going long.

KLCI Daily Chart

For the rest of the world, the reading is still gloomy:

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

After China unveiled its stimulus package, SSECI seems to have stabilize. Well, President elect Obama has unveiled his stimulus package that will create 2.5 million jobs. My questions are:
1. Where is he going to get the money?
2. Can the banks be saved before the effect is seen?
3. Are investment bankers and auto plant workers going to the work of shovelling sands, welding metals and laying bricks?

Anyway, base on the Chinese announcement and the effect on the Shanghai stock market, I guess that NYSE and Nasdaq will also stabilize (unless Citi crashes on this coming Monday).