KLCI still trapped within the rising wedge formation. Various sectors show short term uptrend:
|Mesdaq||Down||Down (-)||Down (-)|
|2nd Board||Down||Down||Neutral (+)|
For the rest of the world, China and Hong Kong still showing some strength. However, US, UK and German market indicates the possibility of going down again. DJI has indicate the break down of a triangle formation. The weakest link over there is still the financials. President Obama has turned out to be not different from the Bush administration. The solution to the crisis is obvious, but they choose not to take the obvious route. Whatever they are doing now is just prolonging the crisis. Come on, nationalize the insolvent banks and get over it! A sharp pain is better then a long time suffering.
|Nikkei 225||Down||Down||Down (-)|