See my links for my analysis. The longer term picture is not as grim as it was previously. Things may be improving. However, we are in a short term top right now.
The long term trend is up.
For KLSE, July, August, September is sideways movement, but instead of turning down, it continues its up move.
However for Nasdaq, I don't see where this is coming from yet. Individual analysis of Cisco, Intel, etc. shows that the the trend is down even though the index itself is up. Perhaps some other sectors are pushing it up.
Don't forget to analyze the individual stock chart you are trading.