KLCI: Sign of Weakness

Wow, it has been 9 months since the last posting. I have extremely buzy with my work for the last 9 months. I was involved in completing 2 M&A deals with a total value of RM120mil, one of which involve acquisition of a foreign company. Well it is time to put back life into this blog.

Recently, looking at the performance of KLCI, it seems that the equity market has been subtly retracing from the top and heading to serious correction.

The last market correction started in July 11 to Sep 11, lasted for 3 months. Market corrected almost 20%. Another incident was in early 2013 but it was not serious, market manage to pull back and heading higher. Again in July 2014, market has shown series of weaknesses but subtly. should the EMA20 persistently cross down EMA180, it appears to be a down side risk to 1770 level.

Lets start tracking now, good opportunity to short the market.