Malaysia KLCI Index: 6 January 2014, Monday, 12.25am Singapore Time
Chart from Chartnexus.com
+ Warned in Nov-Dec of 2013 to get out and to short the market.
+ Big Hands used the price action in the RED BOX (in chart above) to set up shorts at excellent prices as per warned.
+ Bearish Wedge is to break down soon.
+ Malaysia stocks to bearish with selling pressure across the board, together with FKLI and KLCI breakdown.
+ Malaysia stocks to bearish with selling pressure across the board, together with FKLI and KLCI breakdown.
+ No change in bearish stand.
+ Note the points of initial stage of bearish wedge and the end stage of bearish wedge
+ Distribution pattern is big
+ Bearish Volumes accompanied the escape wave for lay-out of shorts, as well as unloading, by Big Hands and Smart Money (see chart above)
+ Yet another market that is to be joining the sell-offs that I had warned in all other Asian and European markets out there of a major sell-down wave.
+ Yet another market that is to be joining the sell-offs that I had warned in all other Asian and European markets out there of a major sell-down wave.
Donovan Norfolk Ang
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