Rebound in Progress

Looks like rebound is in progress. Where will it go? The current KLCI downtrend line resistance is at around 900.

KLCI Weekly Chart

The various sectors seems to have stabilized:

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

For the rest of the world:

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	Up (+)
HSI	Down	Neutral (+)	Up (+)
TWII	Down	Down	Neutral
STI	Down	Down	Neutral
SENSEX	Down	Neutral (+)	Neutral
FTSE	Down	Neutral (+)	Neutral
DAX	Down	Down	Neutral

It looks like the first one that may emerge from this bear market are the China stocks. Not many China CW left in KLSE. Hope that more will be issue now so that they will be in the money by the time the next bull begins.