KLCI is still within the rising wedge formation. Will this week mark the start of another downward spiral? The property sector index has started to turn down again. Finance, construction and plantation is still holding on. My interpretation is:
Malaysia | Longterm | Midterm | Shorterm |
KLCI | Down | Neutral | Neutral |
Finance | Down | Neutral | Neutral |
Construction | Down | Neutral | Neutral |
Plantation | Down | Neutral | Neutral |
Property | Down | Down (-) | Down (-) |
Mesdaq | Down | Down | Down |
2nd Board | Down | Down | Neutral |
For the rest of the world, only SSE is still holding on. The rest are moving downwards:
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 | Neutral | Neutral |
HSI | Down | Down | Down |
TWII | Down | Down | Neutral |
STI | Down | Down | Down |
SENSEX | Down | Down | Down |
FTSE | Down | Down | Down |
DAX | Down | Down | Down |
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