Will we see another sharp sell-off similar to August 2011? We will have to wait & see.
Chart 1: FBMKLCI's daily chart as at Nov 19, 2012_10.00am (Source: Quickcharts)
Chart 1: FBMEmas's daily chart as at Nov 19, 2012_10.00am (Source: Quickcharts)
Monday, November 19, 2012
Market Outlook as at November 19, 2012
FBMKLCI & FBMEmas have both broken below their respective uptrend line as well as 100-day EMA line. The last time we saw the violation of both uptrend line & the 100-day EMA line was August 2011, when the global equity market experienced a sharp sell-off due to the Eurozone Sovereign Debt crisis and the US Federal Debt Ceiling crisis. While the Eurozone problem is now in the back burner, we are about to re-experience the US Federal Debt Ceiling. This time, it simply called the Fiscal Cliff.
Will we see another sharp sell-off similar to August 2011? We will have to wait & see.
Chart 1: FBMKLCI's daily chart as at Nov 19, 2012_10.00am (Source: Quickcharts)
Chart 1: FBMEmas's daily chart as at Nov 19, 2012_10.00am (Source: Quickcharts)
Will we see another sharp sell-off similar to August 2011? We will have to wait & see.
Chart 1: FBMKLCI's daily chart as at Nov 19, 2012_10.00am (Source: Quickcharts)
Chart 1: FBMEmas's daily chart as at Nov 19, 2012_10.00am (Source: Quickcharts)
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