Upward trendline has been broken to the downside and this suggests that the rally is now ripe for a mininum 0.33 (one third of the rally 680 to 1013) Elliot Wave target of aprroximately 900 (peak 1013 minus one third of the rally which is 0.33*(1013-680)=about 100; thus 1013-100=about 900 is the mininum Elliot Wave target for this possible downtrend). All this will be negated if KLSE CI manages to break new high (break above 1013) but the odds could be against KLSE CI to achieve this in the short-run (i.e. less than two weeks). While major index had been a good reference for general market's movement, recently there had been a great divergence of movement direction between technology/internet stocks and conventional stocks, e.g. Dow Jones had been showing weaknesses for more than a month but Nasdaq kept on hitting new historical high. Similar divergence had been happening to Hong Kong and Singapore markets.

Uptrend is confirmed ended and downtrend is confirmed started, unless KLSE CI in the short-run breaks above the previous high of 1013 which will then negate all bearish count. Rally exit indicator and dow's point of 954 has been broken to the downside. There may be quick (intraday to two three days' length) technical rebound now and then but it may not be substantial until the KLSE CI hits the better quick technical rebound support level of around 852-900, i.e. in case KLSE CI may further drop, 852 is the quick (a few days' rise) technical rebound's support level. While major index had been a good reference for general market's movement, recently there had been a great divergence of movement direction between technology/internet stocks and conventional stocks, e.g. Dow Jones had been showing weaknesses for more than a month but Nasdaq kept on hitting new historical high. Similar divergence had been happening to Hong Kong and Singapore markets.