5:39 pm - KLCI closed high 11.06 pts against regional trend.

Let's see if this can continue till Friday.

3:46 pm - FKLI is forming a saucer shape !

Sign of a bullish pattern for the intraday.

3:28 pm - Coincidence of CIMB roadshow with our KLCI moving higher ???

It is interesting to note that everytime CIMB did a international roadshow in April 2008 promoting our KLSE, our market inches higher.

Now that "the cat is out of the bag", will KLSE hold up for month of May and 2nd half of the year.

Look at the weekly KLSE chart. KLSE only had 1 down week bar in the month of April.

2:40 pm : Here is an idea for short term trading buying - Kencana

Put your stop right beneath the pivot point.

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

1:32 - The Chart of the Week - LMCement is doing nicely !

Email me those who did buy this share this week. I like to get some feedback from you reader.

1:16 pm - Bill and Martin are conducting our 3.5 days course this weekend - May 10,11 & 12

We only conduct this 3.5 days seminar workshop only twice or 3 times a year in Sheraton Hotel Subang Jaya, Petaling Jaya, Selangor.

This is a chance to learn from Bill and myself on how you can trade and invest like a professional in KLSE stock, BM futures & commodities and US Markets.

There are many benefits to be part of our graduate - "Master the Markets" Main Course program.

If you are interested, contact Dolly at 03 4252 4149

Rgds,
-martin-

1:13 pm - TNB is well supported by the big players

Refer to my previous weblog on Tenaga. This counter is starting to make a move. Put your stop right beneath the support.

1:09 pm - PB Bank continue to go higher !

Target price > Rm12.00. Let hope it hits RM11.80/Rm11.90 first.

1 pm - KLCI is ready and testing higher resistance @ 1295.0

All system is to pointed to go higher if KLCI can break and hold above 1300.0

(cannot upload chart)

This will be interesting as this is 3th attempt to test 1300 resistance.