5:10 pm - KLCI closed below 1188 and still in a downtrend.

With the political uncertainty in the air, KLCI has more room to go down !

5:06 pm - there is a follow thru for BJ Land

2:28 pm - Coastel selling lower but with low volume.

It has no follow thru from last Friday !

2:25 pm - KLCI has broken 1186 support

9:22 am - Ann Joo did very well last week !

It had a 18 L/C last week too.

7:40 am - Chart of the Week - Coastal Contracts

Highly speculative one ! I like the high volume on last 2 bars.Buy on Monday and put your stop below rm2.06/rm2.07.

7:52 pm - BJ Land looks good in Tradeguider

The medium term trend is now GREEN. Good to get in next week.





The negative thing is the lack of volume.

4:52 pm - KLCI stays put at 1192

11:42 am - "A rose amongst the thorns " - BJ Land is showing 5 L/C

Check out my previous weblog that BJ Land has been beaten badly i.e. brokerage houses recommended to sell but guess what !

BJLand is starting to look good. Buy at weakness i.e. today ! Put your stop below at rm3.70

11:18 am : On weekly chart for KLCI, it is going to test the last low during March 8 General Election.

It is no point getting out now if you have not got out on your stock yet. Another method is put your stop tight if you are going to ride out this bear storm.

10:11 am - F&N is certainly looking good to keep for a long period during this bear market.

9:50 am - KLCI is testing the previous low @ 1187.0

If it close with volume and below 1187, this is good for establishing short position. I do not think KLCI wud close very low and with high volume.




Learn to trade from the short position. Open an futures acct with your futures broker.

5:31 pm - Boustead is undergoing a series of test !

It is hovering over 200MA at rm5.36. With bear market like now, it is difficult for Bstead to break out.

Nevertheless, watch out this counter.

5:01 pm - KLCI cannot close higher than 1210.

This is a sign of weakness. Selling on strength. Closed at 1203 down -5.22 pts.

11:29 am - Big player like Mr. Quek has bought a stake in MPI

Watch out for this shares and when you see TG has strength. Buy it. There is a series of test going on for MPI.

Wait for L/C before buying and put your stop below the support rm6.90

11:02 am - SPK is still holding on !

Park your profit objective at rm 0.95/1.0/1.05

10:56 am - For those living in Penang, Bill Wermine will in Penang on 12 July 2008.

Dear Graduates of Bill's seminars,

For all of you who attended our programs I am coming to Penang and would like to renew our relationship and assist you on any thing or any questions you might have.

We are coming to Penang on Saturday 12th July and will have a graduates reunion at the Evergreen Laural Hotel. This is preceeded by an Investment talk with details below. It is free of change and includes refreshments. Our reunion is from 1 to 3: 30 PM and if you have any questions on any trading matter we are happy to answer them.

We will be organising an exclusive International Investment Talk on 12th July 2008. Our CIO, Mr Ang Kok Heng will share with us on how alternative investment can help to enhance your total portfolio. Details of the talk are as below:

Date : 12th July 2008 (Saturday)
Time : 10.00 am - 12.30 pm
Venue : Evergreen Laurel Hotel 53, Persiaran Gurney, 10250 Penang (See map attached)

10.00 am Registration

10.30 am Alternative Investment Opportunities Through Man Investment

11.15 am BREAK*

11.30 am No Qualms on Aussie $ !

12.10 pm MAN Weathers Through The Storms

12.30 pm Question and Answer Session

*Refreshments will be provided.

As seats are limited please let me know if you wish to attend with your name and telephone number..

Have a good week ahead
Bill
012 685 1207

10:44 am - If you are in for Genting, this is a time to get out on strength

If KLCI were to go down after 30 June 2008 due to window dressing for 1st half of 2008, this is a time to get out @ rm 5.70 if you do not wish to hold for a long period for Genting.

9:41 am - KLCI has a resistance at 1210

It is crucial it cracked and close above1210 else that's it, KLCI will resume back to downtrend.

Remember this month end is 30 June 2008 and so far the fund managers were good in ramping back the KLCI back to close 1200 - this is a window dressing and fundamental our market is still weak. After June 30, we may see lower KLCI closing.

KLCI closed just short of 1210 @ 1209

Remember sell at strength as we are in a bear market. Clear your inventory.

4:58 pm - Here is your first test entry for PB Bank

A swing trade and put your stop below rm10.10/rm10.00

3:46 pm - KLCI is moving with tight range !

2:25 pm - QL Resources has a swing trade opportunity.

Chart from nextview (below) and metastock (above)

11:35 am - Here is one SPK counter from our graduate - Kong

Kong, Thank for sharing !

He ran his MetaStock filter and found SPK. It is less than rm1.00 and that's why I do not like it. Buy it today and allow 3-4 days to take profit.


Watch out for this one as this is highly volatile. Get out if things do not turn out right. The big players is getting the public to suck into it. Put your stop at rm0.7 to rm0.75

11:26 am - Here is an interesting chart to look at - Loh & Loh

A construction company with rating 5.5 stars ! Look at the last 3 up bar, there were seller clearing their position at the end of the day.

It is worth to take a shot to buy it provided it closed above rm4.75/rm4.80. Put your stop below rm4.40

9:19 am - KLCI is also moving sideway !

It is hard to tell what it wants to do at this moment ! Wait until end of the month wud be better.

5:25 pm - Ann Joo still holding nicely !

It is going to test rm3.90 again.

5:06 am - If DJIA closed lower tonite, KLCI will definitely closed below 1200

4:35 pm - Mulpha came out in local newspapers !

Look the volume of this counter, some one is pushing the counter.

3:45 pm - KLCI is forming a triangle at 1200

It is likely to move down at this stage.

11:41 am - Trading Course Review of Stuart McPhee

Very recently I reviewed one course by a respected trader, Stuart McPhee
from Australia (author of 'Trading In A Nutshell, 3rd Edition').

You may have even attended one of his workshops in Singapore or KL. Up until now,
the course I reviewed has only been offered to Stuart'scoaching clients and a few other colleagues of his.

In any event, Ihave arranged for you to gain access to a set of question and answersessions Stuart recorded as a lead up to the workshop I watched.

Originally they were for his clients however I really feel they will beof value to you.

You can download them here:http://www.tripletradingprofits.com/martin.htm

Please note: You don't have enter your email address or register todownload this material. The link above takes you directly to the download page. Please let me know what you think.

Best regards,
Martin

11:30 am - Prognosis for Genting !

A lot of ppl asked why is Genting going down ! The reason is fairly obvious, they have nothing to show for in coming months so the expectation is down and the big players are staying away since 2007. Genting is going to test rm5.00 in coming weeks if our KLSE continue to weaken and indice cracks below 1140.






Looking at the Tradeguider chart - Genting weekly chart. The trend is down. Look at red diamond and red bar. Wait for the base to build first at rm5.00

11:01 am - BJLand is set to build a base.

But it does not warrant a buy yet ! The support has to be built first and this wud take weeks considering the kind of market we are in now ! Here is a weekly chart for BJ Land.

10:56 am - This is heathly pullback by Mulpha

PPl who traded two days ago are taking profit. If it does not fall further, Mulpha has room to move upward. The stop must still be in place.

10:36 am - TM has a 5 L/C !

Put your stop below rm3.05. However, volume is low.

9:19 am - KLCI has to cross and close above 1210 to have any chance for an uptrend.

Else it is going to moving sideway!

5:01 pm - KLCI is likely to move sideway from now !

4:41 pm - Last chance to enter Mulpha !

Let's see if it wud continue to run.

3:02 pm - KLCI is trying to build a base here.

KLCI cannot break or close below 1188

11:18 am - ICapital gets hit too ! Icapital is a good proxy for KLCI

Our M'sian value investor Mr. Tan Teng Boo own's closed end fund performance slightly worse off than KLCI.

1) Down -28% for icapital from Jan 2008.

2) KLCI down -20.4% from Jan 2008.

Now the question remained ?? Can I buy at this level for Icapital when it is so cheap ? Again, look at the chart. I foresee the KLCI can go down further more.

11:17 am - Bill's attached article on Malaysian Business

If you are one of our course graduate, you will received it.

Rgds,
-martin-

10:08 am - Weekly Outlook of KLSE by Bill Wermine.

Dear Traders Club members,

Attached is an article about how to protect your self from inflation/political uncertainty,stock market turmoil which will be published in Malaysian Business at the end of this month.

Bottom line is a quote from I Capital, Teng Boo, which applies, " What the state of the Malaysian Political zoo is does not matter an iota to the plantation sector, the oil and gas industry.... The PE ratio of the KLSE is now at 10.92 which show gross undervaluation offering long term upside potential.

The key in my opinion to withstanding the current storm in the equity market is to focus on these sectors and make sure the share you buy has a solid dividend.



Next week will be volatile and there could be opportunities in the futures. Give Martin a call or visit his blog for short term opportunities in CPO of CI

http://www.imtradermy.com/weblog.htm

9:23 am - Chart of the Week - Mulpha

Get in before 10 am. Put your stop below the pivot below rm 1.00

9:17 am - MBSB is trying to push thru its supply

MBSB cannot break close back to rm1.60

9:11 am - KLCI looks to not have uptrend follow thru for the time being !

let's see if the big players wud come in and buy into the market like last Friday afternoon.

5:02 pm - KLCI closed high with +10.28 pts.

KLCI has a COG ! This is where KLCI may swing upside next week.

4:45 pm - MBSB is certainly bullish !

11:56 am - Watch out for this UMW counter.

Let Tradeguider tells you when to buy !

11:47 pm - Big players were disposing PB Bank before the big drop !

9:19 am - PB Bank is also forming a doji.

This is a very short term opportunity trade. Buy now ! and put your stop below the pivot @ rm 10.10.

9:08 am - It may look like KLCI rebound with a COG.

Go long for short term for any of KLSE counters if you see this pattern (COG) and put your stop below the pivot.

6:10 pm - KLCI closed with -16.2 pts.

KLCI may open gap down !