KLCI Weekly ChartA 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!
No comments:
Post a Comment