Weekly Analysis

I don't know where the indexes will go tomorrow, but they are going down in the long run:

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

Still no sign of rebound. Anyway, I'm bad a playing rebound. Just once in a while greed trying to take over me and I got myself into trouble.

For the rest of the world, it's volatile enough to give you sleepless nights:

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

Looking at the S&P 500 daily chart, the EMAs line are converging. This tells me that the bulls and the bears are in equal strength and a major move will be made soon. It could be 1 week to 1 month. Which direction? Based on the weekly chart, I would say down. But then again, it could have already broken the latest downtrend line and may be heading towards 1000. For this two, I still think the former has a greater probability of happening.

S&P 500 Daily Chart