Get Ready for DJ 10,000 & KLCI 1250

After a 2 day Hari Raya Holiday, US DJ once again closed higher last week at 9829.87 and CI most likely will open higher and breaking 1224.50 higher.

It is estimate that if DJ continues to break 10,000, CI most likely will break 1250. Market looks like getting ready for another rally.



US DJ Chart sounds positive and strong uptrend for now. Nearing a peak hower, be careful when DJ reaches 10,000 and a posible pullback might occur.



KLCI & Futures Chart shows more positive and strong uptrend for now. Market might be low sentiment this week but judging by the strong uptrend, everything looks good. If you are not sure, be ready to Buy contract at lower, currently there is a strong support at 1215 and a resistance at 1225. If 1225 is Broken, we are looking at 1235 as the next Resistance.