KLCI Correction Phase
Here are some charts looking at how KLCI perform during the correction phase. Usually I consider a valid correction phase as price violates both trendline and the 20 day MA. Hence from the chart below we see once these 2 lines are violated, the correction phase will last 9 - 47 trading days or 2 - 9 wks depending on how bearish it was. From the findings: 2009 - no major correction as just emerged from major bear trend in 2008 2010 - 2 times 2011 - 2 times 2012 - 3 times 2013 - so far 1 time
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