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[OTHERS] DOW developed a pin on Friday? Reversal otw for BURSA


Good reversal point/support at 10K

Let's wait for Monday for DJIA to confirm it's reversal trend. Make sure it closes above 10K.

Hopefully Bursa follow through as well


Gudluck everyone

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i think dow shall close on Monday above 10060 to confirm the reversal and if this happen, that mean dow already see it first bottom and will continue to rebound until 10300 to 10400. Any breakthrough will confirm another up trend for dow.
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With the proposal to create jobs by Obama could lead investors gain back their confidence to invest and this would push the Index to safe level which set to rebound. Moreover, Europe countries also set to follow the Dow.
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I am sure the Dow will turn up back to 10,000 points tomorrow.
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From a purely technical point of view. Finishing below 10k is very bearish. I'm a keen follower of Elliot Waves, we are on an impulsive down wave in U.S market. We 'might' bounce back above 10000(low probability), but should not go any higher than 10150. Dow is headed for multi-month decline at least.
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I trust that Elliot waves might say that. But for me, there was a correction on Dow Jones last night by investor because of the result of the G7 meeting. Index has been drag down to close a little bit lower than previous day. However, it shows investor has turn up mind after slightly lower about 7 points open in the morning.
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KLCI rose higher in the first session but volume has not reach to the same level as before. Most the third liner stocks' price not moving up. Chinese investors start lock the gain for ang pau. Only the blue chip counter will end higher.
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There will be another bull run after CNY and dont miss out this last opportunity before market go south
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GUDLUCK ALL
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