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6/6/04

26/11/04

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THE BIG PICTURE FOR KLSE (Kuala Lumpur Stock Exchange)
  Sample analysis (6th of June 04)

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Component 1 : +/- 6 months (black line) : Sideways

Component 2 : +/- 3 months (red line)     : Down

Component 3 : +/- 1.5 months (blue line) : Bottoming soon

Component 4 : For swing traders (2-4 weeks)  : Topping (see second chart below)

General trend is mixed but for short term is clear, down soon. Standard disclaimers apply.
    Component 4: Topping

SHORT TERM IS DOWN AS WELL, WE ARE AT THE TOP.  NEXT BOTTOM IS 2-4 WEEKS FROM NOW (6th June 04).

27/11/04: Long term up. But similar comments as for Nasdaq may apply. Perhaps only some sectors are pushing the index up. Don't forget to do the analysis on the particular chart you are interested in.