ZLBT Chats

Wednesday, September 21, 2011

Technical Charts / Commentaries : DJIA, FBMKLCI, FKLI

 DOW SURRENDER TRIPLE DIGIT GAINS
 After soaring as high as 11,550.22 in intraday trading, the Dow Jones Industrial Average (DJIA – 11,408.66) pared its lead to just 7.7 points, or about 0.1%, by the close. Sixteen of the Dow's 30 blue chips ended in the black, led by Home Depot's (HD) 1.3% gain, while Alcoa (AA) paced the 13 decliners with a loss of 2.9%. The shares of 3M (MMM), meanwhile, split the difference by finishing flat.
 
FBM KLCI IN A NUTSHELL
 Overall, the KLCI is still in the current decline in the KLCI to continue as long as 14, 21, 31 days EMA resistance line Difficult dynamic, then the KLCI's technical outlook will remain weak for. In addition, if the next KLCI continued support in 1400, then decline in the KLCI will help to avoid further deterioration, but then if the KLCI into the yaw of the consolidation pattern, it will dilute the market sell-off , when the KLCI to re-brewing movement. First, however, hinges on whether the rise in the KLCI breaking 14, 21, 31 days EMA of the dynamic resistance.

HAPPY TRADING & GOODLUCK2ALL

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