4:33 pm - Chart of the Week - LM Cement

This is a beautiful chart. Put your stop @ Rm3.55 and ride your profit.

5:32 pm - Sime is set to test its 200 MA at RM9.30

watch out this level if Sime break below this GWC.

5:13 pm - KLCI closed lower. It has been down for 3 consecutive days.

Watch out for a technical rebound here next week.

3:49 pm - Parkson, Chart of the Week is holding up nicely even in a weekly chart.

However, Dynaquest poorly rated it as 2 star. This is not a fundamental sound counter to hold. It is more of a trading buy.

3:31 pm - KLCI is moving sideway despite being down !

1:33 pm - Gold and Commodities Investing !

It is very interesting to note that many local financial institutions are prompting everyone to invest in gold and commodities when it is so damn high.

Our study in human behaviour is that the public always get it wrong. So I wud like to postulate that we are in toppish area where gold and commodities are all time high and we wud see a bearish trend very soon.



Here is monthly Gold futures chart.

Here is a monthly commodities e.g. Crude oil futures chart

Having said that, I hope I am wrong in this perspective i.e. commodities and gold can go higher. But let's wait and see ! I rather be shorting commodities and gold futures.


So the lesson here is to have an exposure on both long and short direction strategy for commodities and gold so you wud make $$$ on either way!

10:21 am - EPF like the big players are paying up for AMMB

AMMB is well supported by the big players. However, volume is low.