Weekly Analysis

KLCI may break down this week. The bad bank idea in the US will just not work because of pricing and the amount of toxic assets available. You can save some small banks all the time, you can save all the big banks some of the time but you can't save all the small and big banks all the time.

KLSE reading is generally neutral (but waiting for the break to the downside):

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

For the rest of the world, the market generally follows the US market. The bad bank idea gave a small hope to the bulls (especially the banking sector). S&P 500 should test its November 2008 low soon:

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