Saturday, February 14, 2009

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 (-)

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