Its has been a week since I last posted this blog and it also there isn't much to post as the market has been quite bullish uptrend as I last predicted.
It not only break the previous high of 1189.50, its now at 1221 Highest level already, which is almost 70 points up from previous support of 1150. I was very cautious with September month and I had no idea that it would be so bullish this round.
Dow Jones has broken 9700 and is just another 300 points closers to 10,000. Once it breaks 10,000, CI should break 1260 also. I am not predicting that CI will break 1260. It still all must come back to charts and trends. However, for the short term for this few days, I am still at Long Position. Do expect a slight pull back as stockastic is trending down a bit, however, there is no big crash coming yet according to the charts.
KeyNote: I notice that the last few days, the KLCI Gain Range is almost the same as the Dow Jones, example, Dow Jones was up like 56.61, so lets say KLCI was also up 5.51 = 1212.98, with Futures about 5 points premium. Which is about 5 points, 1212.98+5 = 1218 (Round Up). Futures is now about 5 point premium of KLCI, which means the market is still in bullish trend.
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