Biz Direct MarketKnowing When To Make A Good Decision

The economy seems to be in recovery, the equity market seems to think so, not only in Malaysia but the rest of the world. The US Dow Jones industrial Average made a new year high after going into a sideway correction for about a week amid lower jobless claims. The Dow closed at 9,154.49 points Thursday. The FBM Kuala Lumpur Composite Index did not move much and closed at 1,160.66 points, 7.94

The initial upside target of 20,000 mentioned in the last Hang Seng Index notes has been achieved. The best way to look at the Hang Seng is to use a weekly chart. The long term resistance level is near 21,000. There are no technical barriers to the rise from 15500 although a weekly flag pattern did develop. This is not a clear flag pattern, but it can be used to confirm the upside targets of