Thursday, 5 June 2014
Malaysia KLCI Index: 5 June 2014, Thursday, 12.53pm Singapore Time
Chart from Chartnexus.com
+ Warned in Nov of 2013-May of 2014 to get out of the financial markets.
+ KLCI has since engaged in a 100 point distribution range, a distribution that was pre-warned.
+ Malaysia Market has executed a huge dump during the last trading day of May 2014.
+ Philippines also has also executed a huge sell on the last day of May 2014.
+ Big Hands used the price action in the RED BOX (in chart above) to set up unloads at excellent prices
+ Bearish Wedge is to break down soon.
+ Malaysia stocks to be 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)
<< WARNING: Failure To Rebound on MAXIMUM +10.000 FFA >>
+ Maximum +10.000 FFA in the big wind/broad market is completing and U-turning, and this had been the best performance that this stock can offer (to be trapped within bearish descending triangle and failure to rally).
+ Resumption in sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear markets as per warned in Daily Funds Flow Analysis.
Donovan Norfolk Ang
Click "Share" on the Facebook icon at the bottom of this thread if you like it, or
if you would like to start a discussion about it with friends on your Facebook Wall.