Weekly Analysis

KLCI Weekly Chart

KLCI still trapped within the rising wedge formation. Various sectors show short term uptrend:

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Neutral	Up (+)
Finance	Down	Neutral	Up
Construction	Down	Neutral	Up
Plantation	Down	Neutral	Up
Property	Down	Neutral	Up (+)
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.

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down (-)
DJI	Down	Down	Down (-)
NasdaqComp	Down	Down	Neutral
Nikkei 225	Down	Down	Down (-)
Kospi	Down	Neutral	Up
SSECI	Down	Neutral	Up
HSI	Down	Down	Neutral
TWII	Down	Down	Neutral
STI	Down	Down	Down
SENSEX	Down	Neutral (+)	Neutral
FTSE	Down	Down	Down (-)
DAX	Down	Down	Down (-)