Very Bad Sign From Dow Jones Industrial Average ?

I'm back after having my holiday for about one week in Thailand. During last Sunday when I look through all the indicators and review most of the charts moving pattern, it is obvious that the share market is losing its momemtum and some of them even moving down and created new low.

If we take a closer look, it is not worth it to get involve as the FBM-KLCI might be heading for a correction or profit taking. We have to be careful on this matter.

An updated on the Dow Jones Industrial Average chart also suggested that the DJIA is heading for profit taking or maybe a correction as the indicator - Parabolic SAR is showing some selling signal sign.

What we can see from here is; the FBM-KLCI might be heading for a real correction. It is still early to mention what would happen as most of the counters might have some technical rebounds after slowly moving down bit by bit.

Tomorrow we will review what is happen to the FBM-KLCI chart? Form my point of views, it seems that FBM-KLCI also appear to have an indicator of Parabolic SAR selling signal coming out.

So it is quite important also to look on how the DJIA movement these few days. If the DJIA can stay on near to the 10,000 points level then it will be a good sign or else it will turn very bad for the whole world equities market.