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Saturday, February 28, 2009

Breakdown Week?

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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