KLCI Daily Chart
From the KLCI daily chart, we can see that we are still within the consolidation area (rising wedge formation). Currently, we are at the lower boundary. The various sectors are currently at the neutral phase based on the daily chart. I'm anticipating a big move in a week or two, either continuing the downtrend or change of trend. Based on the worsening economic situation, the continuation of downtrend has a higher chance of happening.
| Malaysia | Longterm | Midterm | Shorterm |
| KLCI | Down | Neutral | Neutral |
| Finance | Down | Neutral | Neutral |
| Construction | Down | Neutral | Neutral |
| Plantation | Down | Neutral | Neutral |
| Property | Down | Neutral | Neutral (-) |
| Mesdaq | Down | Down | Neutral (+) |
| 2nd Board | Down | Down | Down |
Looking at the various world market, all of them except SSE is showing downside bias. For SSE, it looks like it is building a base.
Based on what I have read, I think that insolvent banks should be put to sleep. Whatever politically accepted actions that President Obama is going to take will only prolong the crisis because walking zombies will only scare everyone from the market.
| World | Longterm | Midterm | Shorterm |
| S&P500 | Down | Down | Down |
| DJI | Down | Down | Down |
| NasdaqComp | Down | Down | Down |
| Nikkei 225 | Down | Down | Down |
| Kospi | Down | Neutral | Neutral |
| SSECI | Down | Neutral | Up (+) |
| HSI | Down | Down | Down |
| TWII | Down | Down | Down |
| STI | Down | Down | Down |
| SENSEX | Down | Down | Down |
| FTSE | Down | Down | Down (-) |
| DAX | Down | Down | Down |
Based on what I have read, I think that insolvent banks should be put to sleep. Whatever politically accepted actions that President Obama is going to take will only prolong the crisis because walking zombies will only scare everyone from the market.
No comments:
Post a Comment