Mandarin Version - Chart Surveillance - FBM KLCI - “Sell In May, Go Away!” Scenario Recurring… - 20/5/2010

A Technical Correction Phase On The 13-mth Old Uptrend
♦ According to Chart 1, the FBM KLCI began its uptrend when the 10-day SMA cut above the 40-day SMA in Apr 2009 near the 880 region.
♦ Along the uptrend, the 10-day SMA and the 40-day SMA have served as a great support for the index. Everytime the 10-day SMA retreated to near the 40-day SMA, the FBM KLCI would stage a rebound, hence prolonging the uptrend and led the index to a higher level.
♦ The uptrend turned uncertain only since Dec last year, when the index traded closer to the 1,300 psychological level.

Mandarin Version - Chart Surveillance - FBM KLCI - “Sell In May, Go Away!” Scenario Recurring… - 20/5/2010