Monday, January 22, 2007

Market Commentary ( KLCI @ 1147.76 Vol 13,819 )

On the daily chart, the last candle looks something between a long-legged dogi and a spinning top. This can mean that the prices are losing momentum and the bulls may have a hard time moving forward in the immediate future.

On the weekly candlestick chart, a rising window appeared (the top of the previous shadow is below the bottom of the current shadow). This implies that the bullish trend is likely to continue.