As shown on the chart above, since falling from its 1680 peak, the KLCI has, until now, stayed in its short-term weakness movement for 16^th trading days. This is rather rare as the KLCI is literally falling straight-away from its peak of 1680 to test the 1600 psychological support level, losing around 80 points. (Study A)

As indicated by B, total market volume increased 18.6%, with volume touching the 40-day Volume Moving Average. This suggests that market participation has increased. However, due to losers outnumbering gainers, the higher volume may actually imply higher selling pressure.

As indicated by C, the Stochastic stays below 10%, in its short-term over-sold position. This shows that the KLCI short-term movement is indeed very weak, but also is over-sold.

In conclusion, although the KLCI has falling for about 16 trading days, it has actually only fallen less than 5% from its peak of 1680. But nevertheless, since the KLCI is now slightly below the 200-day Moving Average line, the immediate technical outlook is generally at cautious.