The recent KLCI Market is very flat , and if you open the chart to see, you will notice that it's actually contracting to form a Symmetrical Triangle or Descending Triangle. Please look at the screen shot below :
it shows a symmetrical triangle which mean a serious breakout is coming very soon
This is a descending Triangle , normally if an up trend form a descending triangle, it will breakup upward.
I believe the index has contracted enough and the volume also reduced gradually already. By next week we should be able to see a breakout. If it breaks upward. it gonna hit at least 1809 points. Huat ar!
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