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Technical Commentary 6/5/2000
KLCI closes above neckline of 920.0, a good technical sign

The KLCI closed above 920.0 last Friday, negating the bearish head and shoulders pattern. Next week will be crucial. If the weekly close is above 920.0, then bullish conditions are indicated.
The F8 Indicator is also showing signs of flattening out. If it turns up next week, then bullish conditions will return to the KLSE in the next few weeks. (see chart)