This counter is been posted by one of many anonymous reader in my weblog. Buy after it take out Rm5.25 and put your stop at rm4.50.
Saturday, May 30, 2009
Friday, May 29, 2009
5:11 pm - A lot of blue chips got whacked down at the pre-matching today !
Look at BAT ! Down RM1.00
11:41 am - Another question on L/C
Dear TK Tan,
18 L/C is one of the pattern we teach in our Master the Markets Main Course.
If you are interested to attend, it would be at year end Dec 2009. See the bottom of this weblog for registration and date.
And then your next question wud be :
Is is worthwhile to attend your Main Course ?
My answer to you is simple : I have been using this pattern to select good quality stocks since 2003 to manage our direct portfolio for our high network clients and the returns have been good.
Remember the Zen Master saying "When the Student is Ready, the Master will Appear".
The question is are you willing to learn and invest your time or rather like to listen to weblog and get free tips to invest.
Dear Martin,
I am one of your loyal blog followers, could you explain more on your 18 L/C pattern ? or it is base on which teory / pattern ? where can i get more information on it ? many thanks.
regards
18 L/C is one of the pattern we teach in our Master the Markets Main Course.
If you are interested to attend, it would be at year end Dec 2009. See the bottom of this weblog for registration and date.
And then your next question wud be :
Is is worthwhile to attend your Main Course ?
My answer to you is simple : I have been using this pattern to select good quality stocks since 2003 to manage our direct portfolio for our high network clients and the returns have been good.
Remember the Zen Master saying "When the Student is Ready, the Master will Appear".
The question is are you willing to learn and invest your time or rather like to listen to weblog and get free tips to invest.
Dear Martin,
I am one of your loyal blog followers, could you explain more on your 18 L/C pattern ? or it is base on which teory / pattern ? where can i get more information on it ? many thanks.
regards
10:29 am - Often ppl asked me what is L/C ?
Dear Traders,
L/C = Line change as spoken by the Mr. anonymous.
If you know and understand the entry and exit and stop loss for 18 L/C pattern, you can make good return.
I am happy for you as you can make good return from this pattern.
Rgds,-martin-
L/C = Line change as spoken by the Mr. anonymous.
If you know and understand the entry and exit and stop loss for 18 L/C pattern, you can make good return.
I am happy for you as you can make good return from this pattern.
Rgds,-martin-
10:05 am - Just heard it on the radio station ! M'sia is in technical recession !
The chart said it all !
Thursday, May 28, 2009
Wednesday, May 27, 2009
10:10 am - Here is a good dividend yield stock JT International that is undergoing 18 L/C
Last check on Dynaquest is rated 6.5 and dividend yield is 8-10%. Better than Bank FD %. This stock is for tough days and time ahead.
For our muslim stock investors, this is a non-syariah compliant as it is a tobacco stock.
Make sure at the end of the day, it closed above Rm4.42 and get it before the market closed. Put your stop at Rm4.15
9:24 am - I received an interesting comment from one of my reader ! Listen !
Hi Martin,
I'm following yr blog quite a whilebut I found that it was merely a report similar to any Security firmdaily report..
I'm expecting more than that such as outlook & forecast...
Daily report is not useful for trading !!!
najib
-----------------------------------
Dear Najib,
My partner, Bill Wermine give an market outlook. Click on the Market Report under Index Section.
At CIMB, we have our technical analyst Nigel Foo who gives regular outlook and forecast (two opposing views) to our traders club member and clients. You need to come to attend our seminars and be a alumni.
My weblog is for my graduates and clients who attend my seminars so they can have my view on how I look at the market. Judge it from the trading performance (see performce2008.blogspot.com weblog).
In my 2 cent opinion, outlook and forecast are useless. Ppl and investors want certainty in the stock market and that is why they always want someone to tell them how they shud behave and buy.
Can you get certainty in the stock market ?
To my knowledge, no one can predict the future.
That's why 95% of investors loses money. How has your stock hold up so far ? I have explained in my radio interview with BFM on why ppl loses money ? You can listen to it.
Wud you agreed that the role here is to make money and not to be right or wrong about the market ?
However, a lot of ppl want to be right about the market and end up not cutting their loses when they bought the wrong shares.
For me, I want to make money and I am not concerned whether I am right or wrong about the market.
Rgds,-martin-
I'm following yr blog quite a whilebut I found that it was merely a report similar to any Security firmdaily report..
I'm expecting more than that such as outlook & forecast...
Daily report is not useful for trading !!!
najib
-----------------------------------
Dear Najib,
My partner, Bill Wermine give an market outlook. Click on the Market Report under Index Section.
At CIMB, we have our technical analyst Nigel Foo who gives regular outlook and forecast (two opposing views) to our traders club member and clients. You need to come to attend our seminars and be a alumni.
My weblog is for my graduates and clients who attend my seminars so they can have my view on how I look at the market. Judge it from the trading performance (see performce2008.blogspot.com weblog).
In my 2 cent opinion, outlook and forecast are useless. Ppl and investors want certainty in the stock market and that is why they always want someone to tell them how they shud behave and buy.
Can you get certainty in the stock market ?
To my knowledge, no one can predict the future.
That's why 95% of investors loses money. How has your stock hold up so far ? I have explained in my radio interview with BFM on why ppl loses money ? You can listen to it.
Wud you agreed that the role here is to make money and not to be right or wrong about the market ?
However, a lot of ppl want to be right about the market and end up not cutting their loses when they bought the wrong shares.
For me, I want to make money and I am not concerned whether I am right or wrong about the market.
Rgds,-martin-
9:10 am - F&N had a 18 L/C yesterday !
Do you dare to buy at this new high ? The pro. does. Buy at new high at Rm9.20 and put your stop at rm8.60
9:07 am - KLCI is creeping slowly despite sign of bearish !
It is likely to congest due to 50% retracement of KLCI at 1050. Let's see how it wud close today !
Tuesday, May 26, 2009
10:59 am - Here is a counter ILB from iCapital recommendation
Here is a weekly chart of ILB.
It has a beautiful saucer shape on a weekly basis ! Buy if it break out rm0.85
9:45 am - Air Asia has broken thru its triple top but with low volume !
Be ready to sell this counter ! Look to buy back at at rm1.10 - rm 1.15
9:41 am - Zelan look set for a 18 L/C too !
If the volume accompanies this counter, it is a buy above Rm1.04-rm1.05.
Put your stop at rm 0.91.
Monday, May 25, 2009
3:15 pm - Genting gap up and breaking higher !
Genting is a good time to go in if you are aggresive ! Put your stop at the gap !
11:22 am - Man Fund Talk tonite !
Dear Traders,
I completely forgot: Sam Gibson of Man Investments will be presenting at the Boulevard Hotel at Mid Valley tonight. time for registration is 7 PM. Thank you our new graduate of Master the Markets Teoh for reminding me.
Man is launching a new capital guarantee AUD fund and would be a good time to invest or ask about your existing Man investments especially now when the US Dollar/ US Bonds are under attack.
Come early as seats will fill up fast.
Regards
Bill
I completely forgot: Sam Gibson of Man Investments will be presenting at the Boulevard Hotel at Mid Valley tonight. time for registration is 7 PM. Thank you our new graduate of Master the Markets Teoh for reminding me.
Man is launching a new capital guarantee AUD fund and would be a good time to invest or ask about your existing Man investments especially now when the US Dollar/ US Bonds are under attack.
Come early as seats will fill up fast.
Regards
Bill
9:54 am - Market Report by Bill Wermine
Dear Traders,
We just completed our 3 day Master the Markets Workshop last weekend . We did not advertise this round but had a reasonable turnout. Most guests were referals and I really appreciate your support.
Due to the Star continuing to raise advertising rates in the face of an economic slowdown , it is not cost effective for our team to advertise. I think the Star News is shooting itself in the foot. There were 7 resits. We noticed an overwealming bullishness among the guests and this worries me.
Suggest lightening up on all speculative shares and only keep the high quality dividend payers with risk to below support.
Martin and I plan a holiday/ traders club in Penang on 20 June for our Penang graduates. We will be holding it in the Evergreen Laural Hotel. I will stay for 3 days with Dolly to recharge my batteries, network with our graduates and , enjoy the great Penang fresh seafood. For our Penang friends please let us know if you wish to attend. Small cover charge of RM 20.
"It is really important to take holidays and breaks from our trading routene to come back to the market with a fresh perspective."
Janice Dorn, M.D., Ph.D.
www.thetradingdoctor.com
Consultations/Media: +602.870.0524
FAX: +602.944-0904
Technical/Website Support: +480.325.0230
We just completed our 3 day Master the Markets Workshop last weekend . We did not advertise this round but had a reasonable turnout. Most guests were referals and I really appreciate your support.
Due to the Star continuing to raise advertising rates in the face of an economic slowdown , it is not cost effective for our team to advertise. I think the Star News is shooting itself in the foot. There were 7 resits. We noticed an overwealming bullishness among the guests and this worries me.
Suggest lightening up on all speculative shares and only keep the high quality dividend payers with risk to below support.
Martin and I plan a holiday/ traders club in Penang on 20 June for our Penang graduates. We will be holding it in the Evergreen Laural Hotel. I will stay for 3 days with Dolly to recharge my batteries, network with our graduates and , enjoy the great Penang fresh seafood. For our Penang friends please let us know if you wish to attend. Small cover charge of RM 20.
"It is really important to take holidays and breaks from our trading routene to come back to the market with a fresh perspective."
Janice Dorn, M.D., Ph.D.
www.thetradingdoctor.com
Consultations/Media: +602.870.0524
FAX: +602.944-0904
Technical/Website Support: +480.325.0230
If you have any emotional issues I suggest you contact her. She is a is a trading psychaitrist and has a solid track record.
Those who subscribed to Am Precious metals are sitting on an 8 % gain in 2 weeks. This is an abnormal return but the trend of gold is up on course to reach 1200 should the 1000 USD level break. This fund is beginning to move and there is still time to get a seat on the train. Call Isma at 2783 0300 at Phillip for s ubscription form. Minimum investment is only RM 1000 and this seems like a better investment than buying a flat screen TV.
Gold is a solid hedge against inflation and stock market turmoil as well as US Dollaer collapse.
Corrupt politicians in Washington and their chronies , the banking elites, greedy CEOs of Citibank/ Bank America/ GM and AIG not repeal the law of supply and demand just as they .can not repeal the law of gravity .
Gold is a solid hedge against inflation and stock market turmoil as well as US Dollaer collapse.
Corrupt politicians in Washington and their chronies , the banking elites, greedy CEOs of Citibank/ Bank America/ GM and AIG not repeal the law of supply and demand just as they .can not repeal the law of gravity .
Evidence is in the US Dollar collapse
On Friday the US Dollar plunged and 10 year treasury bonds values dropped as the US government is having a difficult time selling its bonds. See attached chart of the DX. The US governement prints bonds and sells them to create more cash out of thin air to satisfy the ruling financial elites.
These favored interests and many more coming to the feeding trough need ever more bailouts and massive CEO bonuses. Even the state of California is broke needing a mutimillion dollar bailout. Combine this with the AIG bailout, the GM and Chrysler bailout and now bailout of foreign banks by US taxpayer money- ( foreign banks bought Fannie May and toxic subprime mortages.)
These foreign banks in Germany, UK are part of the world wide banking elite and must be rescued at the expense of the homeless, medically uninsured and unemployed workers in the US who do not have a voice. I read in an undergroud report on Alpha alerts that many US hospitals are turning away emergency cases for those who are uninsured or can not pay. Many US hospitals are going bankrupt. They are the ones who morally and financially need assistance- not the multimilliaire Wall St fat cats. The Lehman CEO Feldt comes to mind- who earned 100s of millions of dollars while his company sunk like the Titanic.
This will never happen in Malaysia and I thank God I am in Malaysia.
Unfortunately the law of supply and demand will force the US treasury to raise interest rates and this will result in more US Dollar collapse and more hardship for those with no savings, gold and high debts
I advise to avoid credit cards, expensive consumer goods, buying on time payment. If you can not pay cash do not buy.
Buy hign quality dividend shares to weather the storm and get more than the fixed deposit rate. Consider using your EPF account 1 to directly buy these quality shares- contact me or Martin if interested.
I also advise selling any shares/ bonds you hold in the US Market. Look for short positions. Continue to hold GDX/ GLD and FXA= add DBA (Fund invested on corn wheat and soybeans futures) The US government can not print corn/gold or borrow it from another planet.
Here is part of a letter from my brother who is a successful businessman in Maryland/ USA. This is from a man on the ground who can see the truth and not the propaganda and hype from the media and politicians. Ignore this at your peril.
Philosphically our views are the same but I do not know the correct way to invest in this market. There will be higher and higher unemployment despite what the media "experts" predict. High inflation seems to be on the horizon. Historically and presently our governments make things worse while promising rosy outlooks. It is apparent to me and anybody that has opened their eyes that things are getting much worse but are not reported. More and more "For Lease" signs at shopping centers. New housing starts hit new lows. No reservations required at most restaurants. As you mentioned tens of thousands of jobs to be lost in the automotive business. So--fewer people working-- fewer people buying. The whole world will eventually notice that this is not just a temporary recession--- this is an economic meltdown.
These foreign banks in Germany, UK are part of the world wide banking elite and must be rescued at the expense of the homeless, medically uninsured and unemployed workers in the US who do not have a voice. I read in an undergroud report on Alpha alerts that many US hospitals are turning away emergency cases for those who are uninsured or can not pay. Many US hospitals are going bankrupt. They are the ones who morally and financially need assistance- not the multimilliaire Wall St fat cats. The Lehman CEO Feldt comes to mind- who earned 100s of millions of dollars while his company sunk like the Titanic.
This will never happen in Malaysia and I thank God I am in Malaysia.
Unfortunately the law of supply and demand will force the US treasury to raise interest rates and this will result in more US Dollar collapse and more hardship for those with no savings, gold and high debts
I advise to avoid credit cards, expensive consumer goods, buying on time payment. If you can not pay cash do not buy.
Buy hign quality dividend shares to weather the storm and get more than the fixed deposit rate. Consider using your EPF account 1 to directly buy these quality shares- contact me or Martin if interested.
I also advise selling any shares/ bonds you hold in the US Market. Look for short positions. Continue to hold GDX/ GLD and FXA= add DBA (Fund invested on corn wheat and soybeans futures) The US government can not print corn/gold or borrow it from another planet.
Here is part of a letter from my brother who is a successful businessman in Maryland/ USA. This is from a man on the ground who can see the truth and not the propaganda and hype from the media and politicians. Ignore this at your peril.
Philosphically our views are the same but I do not know the correct way to invest in this market. There will be higher and higher unemployment despite what the media "experts" predict. High inflation seems to be on the horizon. Historically and presently our governments make things worse while promising rosy outlooks. It is apparent to me and anybody that has opened their eyes that things are getting much worse but are not reported. More and more "For Lease" signs at shopping centers. New housing starts hit new lows. No reservations required at most restaurants. As you mentioned tens of thousands of jobs to be lost in the automotive business. So--fewer people working-- fewer people buying. The whole world will eventually notice that this is not just a temporary recession--- this is an economic meltdown.
Our Man investments are a bright spot - they stabilized in the last 2 weeks after 3 straight months of small losses. Should the world stock markets and US Dollar collapse, gold and grains soar, Man will be well positioned to exploit these trends for a handsome 2009 return. The AUD is getting stonger and that will add to our returns.
In any case, be on guard and be thrifty-
Bill
In any case, be on guard and be thrifty-
Bill
9:54 am - Market Report by Bill Wermine
Dear Traders,
We just completed our 3 day Master the Markets Workshop last weekend . We did not advertise this round but had a reasonable turnout. Most guests were referals and I really appreciate your support.
Due to the Star continuing to raise advertising rates in the face of an economic slowdown , it is not cost effective for our team to advertise. I think the Star News is shooting itself in the foot. There were 7 resits. We noticed an overwealming bullishness among the guests and this worries me.
Suggest lightening up on all speculative shares and only keep the high quality dividend payers with risk to below support.
Martin and I plan a holiday/ traders club in Penang on 20 June for our Penang graduates. We will be holding it in the Evergreen Laural Hotel. I will stay for 3 days with Dolly to recharge my batteries, network with our graduates and , enjoy the great Penang fresh seafood. For our Penang friends please let us know if you wish to attend. Small cover charge of RM 20.
"It is really important to take holidays and breaks from our trading routene to come back to the market with a fresh perspective."
Janice Dorn, M.D., Ph.D.
www.thetradingdoctor.com
Consultations/Media: +602.870.0524
FAX: +602.944-0904
Technical/Website Support: +480.325.0230
If you have any emotional issues I suggest you contact her. She is a is a trading psychaitrist and has a solid track record.
Those who subscribed to Am Precious metals are sitting on an 8 % gain in 2 weeks. This is an abnormal return but the trend of gold is up on course to reach 1200 should the 1000 USD level break. This fund is beginning to move and there is still time to get a seat on the train. Call Isma at 2783 0300 at Phillip for s ubscription form. Minimum investment is only RM 1000 and this seems like a better investment than buying a flat screen TV.
Gold is a solid hedge against inflation and stock market turmoil as well as US Dollaer collapse.
Corrupt politicians in Washington and their chronies , the banking elites, greedy CEOs of Citibank/ Bank America/ GM and AIG not repeal the law of supply and demand just as they .can not repeal the law of gravity .
Evidence is in the US Dollar collapse
On Friday the US Dollar plunged and 10 year treasury bonds values dropped as the US government is having a difficult time selling its bonds. See attached chart of the DX. The US governement prints bonds and sells them to create more cash out of thin air to satisfy the ruling financial elites.
These favored interests and many more coming to the feeding trough need ever more bailouts and massive CEO bonuses. Even the state of California is broke needing a mutimillion dollar bailout. Combine this with the AIG bailout, the GM and Chrysler bailout and now bailout of foreign banks by US taxpayer money- ( foreign banks bought Fannie May and toxic subprime mortages.)
These foreign banks in Germany, UK are part of the world wide banking elite and must be rescued at the expense of the homeless, medically uninsured and unemployed workers in the US who do not have a voice. I read in an undergroud report on Alpha alerts that many US hospitals are turning away emergency cases for those who are uninsured or can not pay. Many US hospitals are going bankrupt. They are the ones who morally and financially need assistance- not the multimilliaire Wall St fat cats. The Lehman CEO Feldt comes to mind- who earned 100s of millions of dollars while his company sunk like the Titanic.
This will never happen in Malaysia and I thank God I am in Malaysia.
Unfortunately the law of supply and demand will force the US treasury to raise interest rates and this will result in more US Dollar collapse and more hardship for those with no savings, gold and high debts
I advise to avoid credit cards, expensive consumer goods, buying on time payment. If you can not pay cash do not buy.
Buy hign quality dividend shares to weather the storm and get more than the fixed deposit rate. Consider using your EPF account 1 to directly buy these quality shares- contact me or Martin if interested.
I also advise selling any shares/ bonds you hold in the US Market. Look for short positions. Continue to hold GDX/ GLD and FXA= add DBA (Fund invested on corn wheat and soybeans futures) The US government can not print corn/gold or borrow it from another planet.
Here is part of a letter from my brother who is a successful businessman in Maryland/ USA. This is from a man on the ground who can see the truth and not the propaganda and hype from the media and politicians. Ignore this at your peril.
Philosphically our views are the same but I do not know the correct way to invest in this market. There will be higher and higher unemployment despite what the media "experts" predict. High inflation seems to be on the horizon. Historically and presently our governments make things worse while promising rosy outlooks. It is apparent to me and anybody that has opened their eyes that things are getting much worse but are not reported. More and more "For Lease" signs at shopping centers. New housing starts hit new lows. No reservations required at most restaurants. As you mentioned tens of thousands of jobs to be lost in the automotive business. So--fewer people working-- fewer people buying. The whole world will eventually notice that this is not just a temporary recession--- this is an economic meltdown.
Our Man investments are a bright spot - they stabilized in the last 2 weeks after 3 straight months of small losses. Should the world stock markets and US Dollar collapse, gold and grains soar, Man will be well positioned to exploit these trends for a handsome 2009 return. The AUD is getting stonger and that will add to our returns.
In any case, be on guard and be thrifty-
Bill
We just completed our 3 day Master the Markets Workshop last weekend . We did not advertise this round but had a reasonable turnout. Most guests were referals and I really appreciate your support.
Due to the Star continuing to raise advertising rates in the face of an economic slowdown , it is not cost effective for our team to advertise. I think the Star News is shooting itself in the foot. There were 7 resits. We noticed an overwealming bullishness among the guests and this worries me.
Suggest lightening up on all speculative shares and only keep the high quality dividend payers with risk to below support.
Martin and I plan a holiday/ traders club in Penang on 20 June for our Penang graduates. We will be holding it in the Evergreen Laural Hotel. I will stay for 3 days with Dolly to recharge my batteries, network with our graduates and , enjoy the great Penang fresh seafood. For our Penang friends please let us know if you wish to attend. Small cover charge of RM 20.
"It is really important to take holidays and breaks from our trading routene to come back to the market with a fresh perspective."
Janice Dorn, M.D., Ph.D.
www.thetradingdoctor.com
Consultations/Media: +602.870.0524
FAX: +602.944-0904
Technical/Website Support: +480.325.0230
If you have any emotional issues I suggest you contact her. She is a is a trading psychaitrist and has a solid track record.
Those who subscribed to Am Precious metals are sitting on an 8 % gain in 2 weeks. This is an abnormal return but the trend of gold is up on course to reach 1200 should the 1000 USD level break. This fund is beginning to move and there is still time to get a seat on the train. Call Isma at 2783 0300 at Phillip for s ubscription form. Minimum investment is only RM 1000 and this seems like a better investment than buying a flat screen TV.
Gold is a solid hedge against inflation and stock market turmoil as well as US Dollaer collapse.
Corrupt politicians in Washington and their chronies , the banking elites, greedy CEOs of Citibank/ Bank America/ GM and AIG not repeal the law of supply and demand just as they .can not repeal the law of gravity .
Evidence is in the US Dollar collapse
On Friday the US Dollar plunged and 10 year treasury bonds values dropped as the US government is having a difficult time selling its bonds. See attached chart of the DX. The US governement prints bonds and sells them to create more cash out of thin air to satisfy the ruling financial elites.
These favored interests and many more coming to the feeding trough need ever more bailouts and massive CEO bonuses. Even the state of California is broke needing a mutimillion dollar bailout. Combine this with the AIG bailout, the GM and Chrysler bailout and now bailout of foreign banks by US taxpayer money- ( foreign banks bought Fannie May and toxic subprime mortages.)
These foreign banks in Germany, UK are part of the world wide banking elite and must be rescued at the expense of the homeless, medically uninsured and unemployed workers in the US who do not have a voice. I read in an undergroud report on Alpha alerts that many US hospitals are turning away emergency cases for those who are uninsured or can not pay. Many US hospitals are going bankrupt. They are the ones who morally and financially need assistance- not the multimilliaire Wall St fat cats. The Lehman CEO Feldt comes to mind- who earned 100s of millions of dollars while his company sunk like the Titanic.
This will never happen in Malaysia and I thank God I am in Malaysia.
Unfortunately the law of supply and demand will force the US treasury to raise interest rates and this will result in more US Dollar collapse and more hardship for those with no savings, gold and high debts
I advise to avoid credit cards, expensive consumer goods, buying on time payment. If you can not pay cash do not buy.
Buy hign quality dividend shares to weather the storm and get more than the fixed deposit rate. Consider using your EPF account 1 to directly buy these quality shares- contact me or Martin if interested.
I also advise selling any shares/ bonds you hold in the US Market. Look for short positions. Continue to hold GDX/ GLD and FXA= add DBA (Fund invested on corn wheat and soybeans futures) The US government can not print corn/gold or borrow it from another planet.
Here is part of a letter from my brother who is a successful businessman in Maryland/ USA. This is from a man on the ground who can see the truth and not the propaganda and hype from the media and politicians. Ignore this at your peril.
Philosphically our views are the same but I do not know the correct way to invest in this market. There will be higher and higher unemployment despite what the media "experts" predict. High inflation seems to be on the horizon. Historically and presently our governments make things worse while promising rosy outlooks. It is apparent to me and anybody that has opened their eyes that things are getting much worse but are not reported. More and more "For Lease" signs at shopping centers. New housing starts hit new lows. No reservations required at most restaurants. As you mentioned tens of thousands of jobs to be lost in the automotive business. So--fewer people working-- fewer people buying. The whole world will eventually notice that this is not just a temporary recession--- this is an economic meltdown.
Our Man investments are a bright spot - they stabilized in the last 2 weeks after 3 straight months of small losses. Should the world stock markets and US Dollar collapse, gold and grains soar, Man will be well positioned to exploit these trends for a handsome 2009 return. The AUD is getting stonger and that will add to our returns.
In any case, be on guard and be thrifty-
Bill
9:49 am - Flash Alert by Bill Wermine.
Dear Traders,
"When the most respected voice in bond markets, Bill Gross of PIMCO, says that the US Treasury is going to lose its AAA status "eventually", we have a bombshell, which may have been too enormous to be readily absorbed by the markets. This is the world's risk-free investment. "
John Percival, Currency Bulletin London
Reduce all US Dollar positions. For cash accounts switch to SGD/ RM and AUD and gold.
This has not been discounted fully in my opinion. There are still many US Dollar bulls in denial.
I have been subscribing to Currency Bulletin for the last 15 years. His service is a contrarian service that is highly profitable and right a high percentage of the time. Most of his subscribers are hedge funds and banks.
Do not think too much or hesitate,
Bill
"When the most respected voice in bond markets, Bill Gross of PIMCO, says that the US Treasury is going to lose its AAA status "eventually", we have a bombshell, which may have been too enormous to be readily absorbed by the markets. This is the world's risk-free investment. "
John Percival, Currency Bulletin London
Reduce all US Dollar positions. For cash accounts switch to SGD/ RM and AUD and gold.
This has not been discounted fully in my opinion. There are still many US Dollar bulls in denial.
I have been subscribing to Currency Bulletin for the last 15 years. His service is a contrarian service that is highly profitable and right a high percentage of the time. Most of his subscribers are hedge funds and banks.
Do not think too much or hesitate,
Bill
9:26 am - KLCI is up slightly and likely to move sideway !
Notice the diminishing volume as KLCI moves higher, professionals are not interested !
Friday, May 22, 2009
4:07 pm - WCT is getting its 18 L/C today !
Get in today by end of this week ! This wud be the Chart of Week for next Week. Put your stop at RM 1.90.
Thursday, May 21, 2009
Wednesday, May 20, 2009
10:14 am - Today it is the blue chips counters that are pushing the KLCi !
Let's not hope it will form a bearish pattern "upthrust" at the end of the day !
10:12 am - Guiness had a 18 L/C on 4 May 2009
It is still moving higher and breaking rm6.00. Another 18L/C today !
10:08 am - Sime is pushing thru supply - 18L/C
Wud it close high at the end of the day ? If it does, you may have the 2nd wave. Buy at the end of the day if it closes with a wide range bar !
Tuesday, May 19, 2009
10:25 am - Hua an looks like undergoing some distribution (Stage 3) and there will be many test !
As long as KLCI does not break below 1,000 level, Hua an will test the market. Professionals are avoiding the market.
Monday, May 18, 2009
Saturday, May 16, 2009
Chart of the Week - Petronas Dagangan
here is a fundamental one and well rated by Dynaquest. This is a core trading for longer term on a weekly basis.
Buy if it take out the high of Rm8.00. Buy @ Rm 8.05 and not lower. Put your stop loss at rm7.30
Friday, May 15, 2009
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