080331

Today KLCI correction seems healthy and likewise to FKLI.

Hang Seng (080328)

Correction due?

Take a look at the Taiko

Corrected Version: My previous post contained errors.
Weekly chart shows downtrend that trying to reverse its direction. Daily chart shows recent corrections were mild and reducing volume (reducing interests to sell..). Expect its price to move up again. KLCI will then follow the DJIA excitement and lagi overbought (or strong bull). 1288 is possible. Have to be patient.
(Meanwhile, can consider long FKLI on weakness)

KLCI Weekly Review 080328

Tide: Weekly Chart indicates the tide has yet to change direction.

Wave: Daily Chart indicates overbought.

KLCI Review 080327 & Next Action Plan

The trend reversed on 17-19/Mar, confirmed by 21/Mar, 24-27/Mar uptrend on price and volume.
1232 level has been the support level on 26-27/Mar.
Next resistance is 1288 level. Very crucial one.
It seems safe to long on weakness now, till 1288.


Just in case, if too itchy, take have some appetizer before 1288. Ha Ha Ha.

Feel (Few?) Good News

Well done LGE! We rakyat feel very syiok reading this kind of news.

The Star Online Thursday March 27, 2008
Orders for new cars cancelled
PENANG: The Penang Government has cancelled an order for five new Perdana V-6 cars worth RM623,000 which were ordered by the previous administration for its exco members.
Chief Minister Lim Guan Eng commended all the new exco members for agreeing to continue using the existing cars to save the rakyat’s money.
“The cars have not been delivered yet. So, we have managed to cancel the orders without incurring any losses for the state.
...

Money really can't buy friendship, can it?

Before:
BEIJING, Nov. 26 (Xinhua)-- China Guangdong Nuclear Power Group(CGNPG) and Areva of France signed an eight-billion-Euro (11.87 billion U.S. dollars) civil nuclear energy cooperation deal on Monday, according to which the French company will help build two reactors in Taishan City in southern Guangdong Province.
After:
Tue Mar 25, 5:29 PM ET

PARIS - French President Nicolas Sarkozy suggested Tuesday that a boycott of the opening ceremony of the Beijing Olympics was a possibility — the first world leader to raise the prospect of punishing China over its ongoing crackdown in Tibet.

KLCI 080325

I will be watching you.

North or South?

My little lovely moody FKLI has been storing up energy for quite a while, and it seems will make a break out of current range. The million dollars question is "North or South?". Most of the technical indicators show north. My heart says south. It really doesn't matter. To me, it is a in between-er, the odds of long vs short are quite evenly distributed. I would wait for entry opportunity at support or resistance level. :D

KLSE Review (for the week of 17-Mar-2008)

KLCI shows sign of convergence with Stochastic line and MACD is trying to cross its signal line.
Volume is still declining, market is not very interested in taking much actions.

Some reliefs

Nothing personal, I just want to have a cheaper cup of milo, cheaper bowl of yong taufu + noddles. :D

Use your brain! Part.II

Read this news. This could probably prove that I am right on my yesterday article (Use your brain! ...).

Oil extends sharp decline
Crude prices fall further to $102 a barrel a day after posting their biggest drop in 17 years.

March 20, 2008: 5:52 AM EDT

SINGAPORE (AP) -- Oil prices extended their sharp retreat Thursday on the previous day's release of data that showed demand for petroleum products is waning in the face of record high prices.

The U.S. Energy Information Administration's weekly inventory report said Wednesday that overall consumption of oil and its products fell 3.2% over the last four weeks compared to the same period last year. Demand for gasoline fell 1% during the same period....

link

Now big boys will short them all the way down.. no mercy, and you can call that a massacre.

Nissan X-Trail Promotion

In contrast to Hicomobil, Edaran Tan Chong Sdn Bhd is out to get business and they mean business:

Chevrolet Malaysia Sales Agent Hicomobil Sdn Bhd

To Hicomobil Sdn. Bhd., shame on you. You are doing a very very sloppy job on marketing Chevrolet. I tried to get more information on Chevrolet models from your web site . I could't find any Chevrolet Captiva product info., which was already launched few months back (ref. www.Paultan.org) and the info of other models are also very very limited. You are giving me the impression that you don't really want to attract potential buyers. Two thumbs down!
To Chevrolet, your partner in Malaysia is not up to the mark. Do somethings. Thank you.

Gold Rush?

More like a high risks low gain to me. If you are those who chased gold around 1000~980 level, you have my condolences.

Use your brain! Don't pray pray! Err..should be "Don't play play"

Personal Comments on local & US market from rojak perspectives (for the next 6 to 9 months):

1. RM has been strengthening since Sep/2007, for more than 6 months now. I believe the rate of strengthening can't catch up with the rate of inflation. And I also believe strong RM won't do any good for Malaysia (it encourages more out-flow of RM to USD denominated goods and services). Ask yourself, what is the best time to exit Malaysia market, if you are a foreign funds manager here? Prolonged period of strengthened RM is also hurting export-oriented manufacturing industries. On the other hand, I speculate many importers are enjoying the strong RM but do not pass the benefits to consumers.
2. US goods have become cheaper for worldwide consumers. Yeah, US might be in recession, their housing prices might be dropping, their employment rates might be dropping, their dollars might be dropping, their consumption might be dropping, and etc.. You know what that means? Lower Costs, and that will translate to competitiveness. What? Inflation? Inflation is normally the nemesis of recession; it will go away if people start to save more. They are building up strength for the next bull all right
3. Inflation again, rising prices used to be co-related to rising production costs, but this round is mainly due to rising commodity prices. Many agree the driving force for the commodity prices could be trading speculation. Hmmm, I also agree. Look around, with internet, so many traders jumping in the trading pool. Kekeke. Little do they know they are dealing with Goliath, dreaming that they are the little David. The house always win. When the time is ripe, big boys will eat up all the late comers from top to bottom. After that, where the money will flow to? Back to their bank accounts or equities.

Lastly, conspiracy theory, western world and their side-kicks really do not want to see the rise up of China which they will have hard time to deal with. You can see the latest incidence of global pressures against China on Tibet Case + Olympic Boycott with your own freaking eyes..

Toyota Altis Malaysia 2008

Or should it be renamed to Toyota Catfish? kekeke

Still KIV

FKLI - One Year On

Another T.A. - Tongkat Ali

If you mention Tongkat Ali in Malaysia, you will probably be seeing many grinning faces. Literal translation of Tongkat Ali to English is"Ali's Staff". Ali is a rather common first name for Malay Malaysians here, perhaps just as common as Smith to White Americans.
Let's see what does Wikipedia say about Tongkat Ali.. "Eurycoma longifolia Jack (aka, longjack or Tongkat Ali or Pasak Bumi) is a flowering plant in the family Simaroubaceae, native to Indonesia and Malaysia...Eurycoma longifolia has become popular for its alleged testosterone-enhancing properties.." Heheh, pretty interesting huh. Tell me how effective it is if you have tried it before :D

Another One to Keep In View

My trading strategy for 17/Mar/08~19/Mar/08, 21/Mar/08

KLCI: Downtrend is likely to continue, as candles of last three trading days were closed with little or no supports (i.e. mini tails or no tail). 1158 is immediate support level then. Next support level is 1120~1113 (1113 is Fibonacci Retracement 61.8% support level). Get ready to long FKLI if KLCI drops between 1120~1113, and on its intra-day rebound. Cut loss if it drops below 1113. Watch out for local and overseas holidays on 20/Mar and 21/Mar.
Maybulk: Just keep in view. Swing trade opportunity or trap...

S&P 500 Weekly Chart

KLCI Weekly Chart

Sail with the Trend... FKLI

Special Review on KLCI

Consider this as a kind-hearted warning, and a reminder to myself:
Back to basis, no technical indicators, just support and resistance lines. Despite a 26% recovery today of yesterday loss -126pts, we are not out of the woods yet. Volume for the yesterday and today are just ok, not very spectacular. The chances of testing 1106 support level are very real. Stay out, they aren't cheap yet. Don't buy out of fear of losing out buying opportunity. Market is always there.

Selamat Jalan, Zakaria Deros

Thank you Zakaria. You are the hero of Selangor and Malaysia. If not for you, Selangorians might not be inspired enough to rise up and fight against the corrupted officials; Malaysian might not be encouraged enough to take the bold move to say tak nak through their votes.
Selamat Jalan.

Hi Birthday Boy! All Shook Up!

The Star Online
Sunday March 9, 2008

MIC in shambles with no leader in the wings

KUALA LUMPUR: Saturday’s Tamil Nesan had a massive pullout for birthday boy Datuk Seri S. Samy Vellu with back-to-back coverage and full-page live-size photographs of him taken out by all 28 MIC candidates, hailing their chief as the greatest man ever born.

....

My trading ideas for 10/Mar/08~14/Mar/08

KLCI: I have no idea. Kekekek.
The market is fundamentally changed, with the latest results of Malaysia 2008 General Elections. We are now in uncharted territory politically. This could take weeks or months for us to understand the possible impacts of this Political Tsunami will bring. Buckle up your seat belts is the only thing I can say now . (Not to forget the Financial Tsunami is now sweeping across US and Europe). Take care.

Congratulations to Rakyat Malaysia!

Congratulations! Victory to Power Rakyat!
As we always say in trading, let the market decide where it wants to go.
Similarly, let the Rakyat decide whom they want to sokong. :D
This time, Bolehsia is really Boleh.

Case Study: Picorp

Had been discussing, and tape-reading this counter with chatter "puteri" for quite a while, as we were quite skeptical about its recent chart movement and sustainability. Today we talked about it again. "puteri" mentioned its NTA was 0.81 (as at 31/Dec/2007). That got me interested, and I checked on its 31/Dec/2007 NTA, EPS, Cash. I did a rough calculation base on its numbers of shares then. It was rather impressive that it had about RM0.37 cash per share, EPS RM0.1356 and trading at about PE 4.4x. Oh boy, how wrong was I! Little did I know it had splitted and given bonus from 1 to 5, and 2 for 5 on 2/Jan/2008. (Very cunning picorp, as leno put it.) Thanks to chatter "leno" came in as swift as Zorro, corrected me that its EPS should be less than 0.02 and was trading at PE 30x. My mistake was I skipped to reconfirm its current shares issued. Leno, I will remember that.

Lesson learned: Step by step, one step at a time, missing a step would be disasterous . :D

EPF Donates RM50,000 To Pahang Flood Victims

Yes, we all should help or support the needy, but this EPF way is wrong!! That's EPF contributors' hard earned money mah. If you are a EPF contributor, you might have the same thinking that I have? If majority o you don't, then maybe I am thinking wrongly... *&^%$#@

EPF Donates RM50,000 To Pahang Flood Victims

The Employees Provident Fund (EPF) today offered its assistance to families severely hit by the recent floods in Pahang by donating RM50,000 to the state disaster fund, Kumpulan Wang Amanah Jawatankuasa Malapetaka Banjir Negeri Pahang.

“Many families suffered severe losses and extensive damage during the floods which affected the state late last year. Although tremendous help has been received from the government, they are still in urgent need of more assistance,” said Deputy Chief Executive Officer (Operations) of the EPF, Encik Ibrahim Taib.
...
“We wish to play our role to help the flood victims get their lives back on track. We hope that this small contribution will help alleviate the plight of the victims, some of whom may also be EPF members,” said Encik Ibrahim.

The EPF has offered similar support in the past in previous flood situations including contributing RM50,000 to flood victims in Johor in 2006 and donating a much-needed stove to the afflicted residents.

Hyundai Elantra 2007

No kidding! Best "Small Sedan" in United States picked by authoritative Consumer Reports. They call the Elantra "a well-rounded small car that provides good fuel economy, a comfortable ride, and an interior that's quiet, roomy and well-equipped."

My trading ideas for 3/Mar/08~7/Mar/08

KLCI: Very bearish! But still, stocks market can never be figured out by mere mortals like us. Bulls will charge up when we are least expected, when everyone is bearish. Nonetheless, current scenarios, EMA20 has just crossed EMA81, market psychology is at its weakest, might spark off heavy sell-off; need huge market participation (high volume) to confirm.
ASTRO: Good looking but KLCI market sentiments prevail.

Disclaimer: The above are for my own journal keeping. Not intended to provide trading advice.

Added Custom Made Market Update Table

Heh heh, just added a Market Update Table. My first attempt to play around with Html and custom made my market update table (linked to bloomberg). Hope it work next week. Kekekek.

Lord of the Ring

This is it, final week before 8-Mar-2008 General Election Malaysia. Time for me to touch on this subject, many good topics to talk only mah! Let's start with this Lord of the Ring.
Lucky Number 164996? These are the hands of YB MB Selangor. According to Sin Chew Daily interview, he said he's a believer in Feng Shui, but he declined to reveal more on the ring. Hmm.. pretty interesting. This is the house of the YB. Some Feng Shui master commented the Feng Shui lay-out of his house was pretty sophisticated. Oh really? This guy is pretty sophisticated too.

YB also said he took bird-nest daily and lots of Chinese herbal medicines to stay healthy. Wow, what can I say? In the pink of health is the writing on his face.

If you can read Chinese, please click here of Sin Chew Daily for more of the interview.

(Disclaimer: This article is not intended to provide Feng Shui or BN Electoral advice, really. You should not act or rely on the Information without seeking the advice of a professional)