Let's see how DJIA wud close tonite.
Monday, March 24, 2008
1:57 pm - Weekly KLSE Market from Bill Wermine
Dear Traders,
I wish to thank all of you who attended the Atic Convention and supported us. I am sure you benefitted from the wide array of products and services available.
I have attached a brochure of a seminar by Grace Chan, a professional currency trader with Phillip Futures Singapore who will share her strategies. She has many years as a currency trader and will share how to get a trading edge. There are 2 sessions Dates are 28/ 29 March. Fri evening and Sat morning.
The price is only RM 30 for each session and will be held at the Phillip office at B-2-6 Megan Ave 11, 12 Jalan Yap Kwan Seng. This is in contrast with the many other currency trading programs marketed at the ATIC who charge a wide range of fees - from free of charge to RM 5000.
If you are interested in currency trading, this could be a good introduction. If you use price and volume which we teach in our Master the Markets program to trade you will be ahead of 90 % of the retailers
Market Outlook
I wish to thank all of you who attended the Atic Convention and supported us. I am sure you benefitted from the wide array of products and services available.
I have attached a brochure of a seminar by Grace Chan, a professional currency trader with Phillip Futures Singapore who will share her strategies. She has many years as a currency trader and will share how to get a trading edge. There are 2 sessions Dates are 28/ 29 March. Fri evening and Sat morning.
The price is only RM 30 for each session and will be held at the Phillip office at B-2-6 Megan Ave 11, 12 Jalan Yap Kwan Seng. This is in contrast with the many other currency trading programs marketed at the ATIC who charge a wide range of fees - from free of charge to RM 5000.
If you are interested in currency trading, this could be a good introduction. If you use price and volume which we teach in our Master the Markets program to trade you will be ahead of 90 % of the retailers
Market Outlook
Major support is building at the 1180 level on the composite index as evidenced by the blue trend cluster at the right edge of the chart. Expect more consolidation with a slight upside bias in the week ahead. This may be an opportunity to lighten up on your equity portfolio as price moves up to the 1300 level.
Most of ther analists at the ATIC convention were super bearish. The Hulbert newsletter digest from the US which compiles sentiment from all the prominent newsletter writers reprted negative senitiment is at a 22 year extreme, the worst since 1987. That should at least put a floor under the market in the short term.
If the crowd of advisers are right you should consider Man fund for your long term capital protection- OM IP Eclipse Fund closes on 4 April. or learn how to trade currencies. One fact is almost for sure. The US will not raise interest rates as long as the housing market is in trouble which will increase inflation and increase stock market volatility around the world. Gold took a big hit last week but the long term trend are still up. Gold shops in KL have reported an increase in biusiness with the price drop.
Have a good week
Bill
Most of ther analists at the ATIC convention were super bearish. The Hulbert newsletter digest from the US which compiles sentiment from all the prominent newsletter writers reprted negative senitiment is at a 22 year extreme, the worst since 1987. That should at least put a floor under the market in the short term.
If the crowd of advisers are right you should consider Man fund for your long term capital protection- OM IP Eclipse Fund closes on 4 April. or learn how to trade currencies. One fact is almost for sure. The US will not raise interest rates as long as the housing market is in trouble which will increase inflation and increase stock market volatility around the world. Gold took a big hit last week but the long term trend are still up. Gold shops in KL have reported an increase in biusiness with the price drop.
Have a good week
Bill
12:56 noon : Chart of the Week : UemBuilder with 5 L/C
It also has hidden potential buying confirmed with high volume.
12:47 pm - Here is a swing trade for Berjaya Toto on a weekly basis
Buy @ 4.90 and stop loss @ 4.50. It is a high quality dividend yield play.
12:19 noon - Here is a good counter for dividend yield play !
Acostec - check it out yourself - double digit dividend yield. A triple bottom support.
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