Friday, September 24, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

A bearish reversal candle in the weekly chart. Not a good sign! Today's high volume indicates that the baton is now being passed from bluechips to penny shares. When penny shares are hot, it signals the beginning of the end! 4 more trading days left for the fund managers to window dress their 3rd quarter account. What will happen after that? A correction before the year end window dressing?

Sector summary:
Malaysia Monthly Weekly Daily
FBM KLCI Up Up Neutral (-)
Finance Up Up Neutral (-)
Construction Up Up Up
Plantation Up Up Neutral (-)
Property Up Up Up

By the way, this fengshui index chart that I posted on 14 Feb 2010 looks very interesting. The chart does correlate with HSI & KLCI. Better don't short the market!

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