A correction is anticipated.

A bearish engulfing signal has appeared on the KLCI's candlestick chart. So it's time to hold back from rash speculative purchases, especially if the market has already fed you well thus far.


The KL Second Board Index looks far more promising, but is also susceptible to profit-taking.
















The STI looks overextended, but then again, it could be a bull just taking a breather, although I would rather wager that Keppel Corp and Capitaland will drag the market down significantly in the coming months.