This may be an engulfing bearish pattern if it closes below 1510.
Monday, January 14, 2008
11:39 am - KLCI has formed a double top and the daily chart does not look nice
All the good news is out on the newspaper and our PM said our stock market is one of the best in the regional. That's spell bad news for the market.
9:30 am - Bursa is going to test its last high for the 3rd time.
With so bullish market, Bursa has a good probability of breaking it.
Look at my previous posting. If you got in then, this is a nice "angpow".
9:15 am - KLCI is responding well to palm oil and soybean oil uptrend.
KLCI has limited upside due to these two factors. It is going to test the last high.
Will it break for the 2nd time ?
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