Ads

Sunday, December 07, 2008

Weekly Analysis

Ok, still no rebound for KLSE. My charts a little bit contradicting each other. That is why I don't think that the downtrend will be strong. But it looks like we are still slowly drifting down. Since everything except gold has collapse, we should look forward to the next bubble. Currently, it is still too early to tell. Maybe China play? SSECI seems to have been stabilized.

My interpretation for KLSE are:
Malaysia Longterm Midterm Shorterm
KLCI Down Down Down
Finance Down Down Down
Construction Down Down Neutral (+)
Plantation Down Down Down (-)
Property Down Down Down
Mesdaq Down Down Down
2nd Board Down Down Down

For the rest of the world, the reading is mixed. :
World Longterm Midterm Shorterm
S&P500 Down Down Neutral
DJI Down Down Neutral
NasdaqComp Down Down Neutral
Nikkei 225 Down Down Down (-)
Kospi Down Down Down (-)
SSECI Down Neutral (+) Neutral
HSI Down Down Neutral
TWII Down Down Down (-)
STI Down Down Down (-)
SENSEX Down Down Neutral (+)
FTSE Down Down Down (-)
DAX Down Down Down (-)

Nothing much to say but to wait for the right signal.

No comments: