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Friday 30 September 2011

KLCI and Dow Jone Industrial

  

15 MA seem like is hard resistance, whenever KLCI touch or close to 15 MA line, it will retrace.  Last Friday (30 Sept), KLCI is trying to break the 15 MA resistance, as predicted, it failed.  With high chances, it will retrace to support 1331,  if dive beyond 1331,next support level will be 1269.


For DJIA, 40 MA is hard resistance.Last few days, it try to break but all attempts fail. Next week, perhaps it will find support at 10728.  This is critical support, break below it, it'll trigger panic selling to push the index further down to 10247!!
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