Trapped within a rising wedge

KLCI Daily Chart

Looking at the KLCI, we can see that it is still trap within a rising wedge. So, don't get excited if it moves up to the upper resistance of around 945. For the sector analysis, finance, construction and plantation indicates a short term upward movement:

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Neutral	Neutral
Finance	Down	Neutral	Up (+)
Construction	Down	Neutral	Up (+)
Plantation	Down	Neutral	Up
Property	Down	Neutral	Neutral
Mesdaq	Down	Neutral (+)	Neutral
2nd Board	Down	Down	Down

For the rest of the world, Obama's false hope/change may push stocks up:

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

If you are afraid that you have missed the Shanghai train, don't worry. I'm not. Please note that the computation of the GDP for China is different from the western countries (it doesn't make sense to me, so Google yourself for the difference). My wait and see strategy remains unchanged.