back from Msia...minor updates...before Zzzz

Went over on the weekend to KL for a short trip...was quite fun..but as usual KL is always jam jam and more jam...haha...hope they can improve of them real fast ;) then can attract more tourist haha.but the trip was sweet..hehehe....no charts today,tired...haha

This week update is a little short...

First, SIMSCI, if you have observed, there were some p-taking (profit taking) by the BB on friday early in the morning...once after that i can see that the market went up even higher. This is what i feel..BB throw to let the retalier take it,BB enters again with some funds to push the index higher...at the same time retalier were also buying it up. There goes simsci flying up again...

So do take note of next week, there might be some selling or mayb heavy selling as BB to me are unloading slowly.....levels that i watch will be 338-339 and eventually the 342-344 regions.Breaking of 330.6 should be good indications of BB real intentions.

DJI, with such bullishness in DJI from since...dont know when...it is taking a breather on friday...with not much movements and  low volume.If it were to fly again, i will be looking at major resistance of 12400 but first it needs to clear the 12290 level (this is where i will observe also).If the bull is strong 12160 should hold and not break. So for dji is wait and see mode.

SPOT Gold is quite bullish, as you can see if you open out its 1 hr chart, but do take note the second rally wasnt of good strength.Divergence were seen in gold but i wasn't too comfortable with its divergence as it really dont give a good signal to short/buy.1750 need to break to move gold higher. 1730 can be a good spot to long since it had been holding there quite well,as can be seen in 1 hour chart.If you are risk taker, you might wan to long there,up to you.

Crude Oil (dec contract) to me had been in a downtrend, it is moving down.So is it meaning that dji is going to come down any soon?My guess is probably, I will be looking at oil at R of 9416 or even 9520 if it happen to go higher (although i doubted so since it is showing sign of weakening).A downtrendline of oil can be observed which conincide with 9400 region. Do take note of it.

Okay time to Zzzz...nites ;)