1:38 pm - Market Report by Bill Wermine

Dear Traders,

Just returned from a short holiday to Siem Riap, Angor Wat Temple in Cambodia. Very reasonable prices, good food not so crowded and fascinating ruins.

At least I was able to escape all the gloom and doom dominating the KLSE for a few days

The KLSE seems to be under a cloud with extreme fear, political uncertainty and negative news. and most analists are bearish. Retailers are out- the remeiser phones are not ringing.

Remember, smart money buys when markets are correcting and news is bearish. They accumulate quietly and slowly. When the crowd is bullish they use this opportunity to offload. This is exactly the opposite behaviour of the herd of public traders- the sheep investors. In a nutshell they buy at wholesale prices and sell at retail.

This weekend- May 10/11/12 we are holding our 3 day Master the Markets Symposium at the Sheraton Subang. We will focus almost entirely on price and volume trading. This is what smart money and professionals focus on. This is the 3rd time we have run this new syllabus which is modeled after the technique of Richard Wyckoff one of the richest traders who ever lived and Tom Williams inventor of TradeGuider software and a former syndicate trader.

We are presenting to a small group- 10 PAX and will hold it in the Subang boardroom which only holds 15 PAX. For main course graduates the hotel/ service charges for 3 days is RM 490 which includes the new set of notes. If you have the price and volume notes you may deduct RM 40 which comes to RM 450.

The 9 new traders who signed up are paying RM 3800 so this is a considerable savings.

If you wish one of the 5 places available, please call Dolly @ 4252 4149/ 016 637 1508 and let her know you want one of the 5 seats. You may pay at the door on Saturday morning. We start at 9 30 AM and will run to about 5 30 PM..

Have a good week
Bill