KLCI, Futures & Plantations- Pullback to Neckline?

1) KLCI - In an Inverted Head & Shoulders formation, it is common for prices (or the index in this case) to pull back to the neckline to correct the overbought condition before prices then march on to the measurement target (976/980). In our case will we see a pullback to 926 (the neckline of the IHS) soon? Well prices have been moving up for almost 10 days (with only 2 minor corrections) from a low of 900 to a high of 938. Though this is not a huge amount, the rise is getting smaller & weaker. On the whole I believe we'll see a correction soon with a target of 926. A breach of the neckline would not be good so lets hope it stays above 926.

2) Futures - Also the futures have risen even faster & stronger than the CI and it is definitely due for a correction.

3) Plantations - the same is happening here. We may also see a pullback to 3360 though in this case the support at 3443 is quite strong. If there is a pullback then 3360 is the target & then a rise to 3639. A pullback is very healthy though because prices have risen too fast in the plantation stocks.