Dow Jones down another 216.9 points last night, this will impact our market next week. Further investigate on DJI, it had formed a Bearish divergence after it had fell for 3 consecutive days. If DJI rebounded next week with lower high, this means the 11 months long bull market had come to the end. Since the world market and KLSE all started to run on Mar 2009, we believe they will follow the leader and the bull will be ended. Please click and see below picture.
Hang Seng Index had confirmed ended the 11 months long bullish market after it had formed a Bearish divergence, Head and Shoulder, Lower High, Double Top and Lower Low. Since DJI and HSI, our big brother and our big brother HSI in Asia are on the downtrend, I believe all other bourses including KLSE cannot escape from that. Please refer to the picture of HSI below.
