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Tuesday, January 25, 2011

Dow Jones Up strong and will KLSE make a U Turn to be bullish

Dow jones is now testing the 12000 resistance line yesterday and with this will KLSE stop bleeding and bull run again..!!

1) Trend line - Below down trend line and hope with Dow Bull we can see KLSE break the downtrend line
2) LL - Retracing toward previous higher low at 1500
3) MACD - Red Line above blue line showing bearish and awaiting for 4R1G for bullish attack
4) RSI - GOing down toward 50% and waiting for bullish attack for rebound
5) ADX = Strong momentum at 34 with bearish signal

If Klse able to turn around to stop bleeding close higher we will be able to have higher low which show another bull run meanwhile hold from buying first awaiting confirmation

Entry price at KLSe at 1555

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