KLCI cannot close below last week low @ 1214 !
Monday, June 9, 2008
4:34 pm - Big players bought into plantation king - PPB
If they are buying ! this is a good entry. Put your stop at rm 10.40
4:25 pm - KPS had a 18 L/C followed by half line change !
A signal for LONG ! Put your stop below rm1.65
2:06 pm - There is support for Takaful - Chart of the Week for this week !
There were huge volume last Friday ! Put your stop at rm1.30 . Dynaquest rating not bad = 4.5 star.
2:00 pm - There is no danger yet if KLCI does not break and close below 1212
Else the KLCI market for this week will move sideway !
11:30 am - KLSE Market Outlook by Bill Wermine
Dear Traders,
I attended a seminar Saturday by Kathy Lien, a famous currency analyst and trader from FXCM. There were over 200 PAX who paid RM 200 to hear her outlook and trading strategies. She polled the audience and over 100 raised there hands when she asked who are the active currency traders. When she asked how many were consistently profitable only a few raised there hands. She then spelled out in a frank, realistic and hard hitting manner why most traders lose and what it takes to be successsful. Knowing the personality and humility of Malaysians the profitable traders would not raise their hands to expose themselves so this was not necessarily a valid survey.
Kathy's presentation gave the 5 protocals that successful hedge fund managers use to be successful. One of them is they find a niche in the market that fits them and they specialize in that niche.
On Saturday from 10 AM to 12 30 PM we well hold a presentation at Phillip and Sunday 2 to 5 PM at Crystal Crown Hotel, PJ (Brochure attached) to review the new features of the TradeGuider upgrade which is FOC to tradeguider users. Martin will show his current search results for the KLSE and answer questions on the new upgrade. We invite questions from those who have upgraded. Please let me know if you wish to attend as seats are limited
After attending Kathy's seminar I now understand why Man Hedge Fund is so successful because the managers of Man follow the 5 protocals. I will give a brief presentation on these protocalls in these 2 meetings.
Also we will play a video clip from motivator T Harv Eker about the first trading protocal. This is from a seminar he recently conducted in KL.
Kathy also reversed her outlook on the US Dollar. She has been bullish the last month but has reversed to neutral due to the largest unemployement jump in the US in 22 years. From 5.1 % to 5.5 % of the labor force are unemployed. Also she mentioned the continuing credit crises, housing market turmoil as foreclosures are at the highest rate since the great depression in 1930. She mentioned that with these statistics it is very difficult for Bubble Bernenke and his chronies to raise interest rates to protect the US Dollar. Bush, Paulsen and Bernenke are radical inflationists and will sacrifice the US Dollar to benefit their insider friends and banking establishment
The Central Bank of Europe according to Kathy will maintain steady rates. The Australian central bank may raise rates as both central banks are more focused on controling inflation. The chart of the Australian Dollar confirms this:
I attended a seminar Saturday by Kathy Lien, a famous currency analyst and trader from FXCM. There were over 200 PAX who paid RM 200 to hear her outlook and trading strategies. She polled the audience and over 100 raised there hands when she asked who are the active currency traders. When she asked how many were consistently profitable only a few raised there hands. She then spelled out in a frank, realistic and hard hitting manner why most traders lose and what it takes to be successsful. Knowing the personality and humility of Malaysians the profitable traders would not raise their hands to expose themselves so this was not necessarily a valid survey.
Kathy's presentation gave the 5 protocals that successful hedge fund managers use to be successful. One of them is they find a niche in the market that fits them and they specialize in that niche.
On Saturday from 10 AM to 12 30 PM we well hold a presentation at Phillip and Sunday 2 to 5 PM at Crystal Crown Hotel, PJ (Brochure attached) to review the new features of the TradeGuider upgrade which is FOC to tradeguider users. Martin will show his current search results for the KLSE and answer questions on the new upgrade. We invite questions from those who have upgraded. Please let me know if you wish to attend as seats are limited
After attending Kathy's seminar I now understand why Man Hedge Fund is so successful because the managers of Man follow the 5 protocals. I will give a brief presentation on these protocalls in these 2 meetings.
Also we will play a video clip from motivator T Harv Eker about the first trading protocal. This is from a seminar he recently conducted in KL.
Kathy also reversed her outlook on the US Dollar. She has been bullish the last month but has reversed to neutral due to the largest unemployement jump in the US in 22 years. From 5.1 % to 5.5 % of the labor force are unemployed. Also she mentioned the continuing credit crises, housing market turmoil as foreclosures are at the highest rate since the great depression in 1930. She mentioned that with these statistics it is very difficult for Bubble Bernenke and his chronies to raise interest rates to protect the US Dollar. Bush, Paulsen and Bernenke are radical inflationists and will sacrifice the US Dollar to benefit their insider friends and banking establishment
The Central Bank of Europe according to Kathy will maintain steady rates. The Australian central bank may raise rates as both central banks are more focused on controling inflation. The chart of the Australian Dollar confirms this:
Monthly AUD with trend diamonds. Buy signal in Febuary after shakeout and test of support still in force. Those who are holding Man Hedge Funds ( The AUD Fund are earning currency gains and it looks like more gains as the AUD approaches parity. The next AUD Man fund opens up next week. If you are not invested it might be a good idea to place some of your assets in this.
Because of the petrol price rise and world stock market volatility we can only hold the highest quality of shares in plantation, resource
and oil sectors. We must avoid construction, Reits, property devolopers, auto and air line shares, toll operators and political shares
For those who have a US market account with Ameritrade you can buy the FXP which is a leveraged China fund. This fund goes up in value when the China market goes down. It is known as the Pro Shares ultra short fund. The Chinese government is woried about inflation and is squeezing the stock market speculators. If the US goes into deep recession, this fund could earn a handsome return. The US is already in recesssion but it looks like it is going to get much worse- especially if Obama wins the general election.
Check out Martin's blog for up to date recommendations for futures/ shares www.imtradermy.com/weblog.htm
Be prepared for volatility next week,
Bill
Because of the petrol price rise and world stock market volatility we can only hold the highest quality of shares in plantation, resource
and oil sectors. We must avoid construction, Reits, property devolopers, auto and air line shares, toll operators and political shares
For those who have a US market account with Ameritrade you can buy the FXP which is a leveraged China fund. This fund goes up in value when the China market goes down. It is known as the Pro Shares ultra short fund. The Chinese government is woried about inflation and is squeezing the stock market speculators. If the US goes into deep recession, this fund could earn a handsome return. The US is already in recesssion but it looks like it is going to get much worse- especially if Obama wins the general election.
Check out Martin's blog for up to date recommendations for futures/ shares www.imtradermy.com/weblog.htm
Be prepared for volatility next week,
Bill
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