DOW up 37 points. GLD at 184.6 and SLV at 42.6. So, my SLV-c1 should move higher and need to start tto think of selling, buy back during correction. Gold and Silver is overbought. Gold reching new high each day but Silver is still lagging behind. Gold touched 1911 level. Incredible!!

As I will be busy marking papers(exam month), I will only watch to punt in anything good that dive much lower than the current support(s).

YTLLand : I have mentioned about her last week when someoone asked me. It has broken its 1.15 support level and huge selling seen at 1.10. Game over .... we will be seeing 90cents again as the base.

Waterfalls : In such situations, we DO NOT buy downtrending stocks. We will be drown. Cutting losses as we caught the knives. Ouch.

When do I like waterfalls? When it is a bullish of sentiments, yet a good stock is diving down. That is what I meant by waterfall-catching. So, many might mis-understood the logic. I have asked my cohort-1 to do one simple homework two weeks ago as I was sharing about 200MA. With most(if not all) of 30-index linked stocks below 200MA, what does that mean? It means we are in huge down-trend now. It means ... stay aside and no buying!! Some have bought into some stocks during the dive, but as the technical rebound was over earlier than expected, we need to SELL at the first sight of reversal or sign of weakness. If one could not guess when the reversal will be around the corner, just no-buying and stay safe.

Dont worry ... market will still be there. We could only hope for more bad-news to push more of our good fav stocks to lower levels. At the moment, no one could see the bottom, yet. Yes, it is oversold. we might see some technical rebounds here and there .. but the pressure and odds will be against us.

Brace yourself for the whole week or two.

KLCI in slight green. GenM, Gamuda, Tenaga and CIMB continue to be going lower.

Sunway-wa : Welcoming another good warrant to trade. HapSeng-wa is being abandoned now ...

Trading Idea : Let me take Gamuda as an example ... when market dived that day, Gamuda 'dived'(pushed down, actually) to RM3. That is a strong BUY. Then, a strong 10%+ rebound in such a short few days is a SELL as you could see the volume-price reactions. Today, Gamuda going below RM3.15, I wont even touch Gamuda at RM3 now?! Know why?

Goreng-stocks : Still goreng-goreng stocks? I wanted to write about this 'topic', my point of views but it is not appropriate at this point of time as many might be saying that I am rubbing salts to their wounds. Sorry, I do not like seeing anyone in such pain(of losing money). I wish I could help ... I am a teacher-in-heart. But, no matter how many times we warn or remind anyone not to go into such goreng-stocks, they might even think we are ENVY of their huge profits!! Hmm ... DVM, KARAMbunai, KNM, CyBert ... ouch ouch ... moving lower today as distributions by SHARKS has been going on for past weeks.

MuiInd was goreng-up yesterday. One might get caught chasing her ... this is a klse-casino. Buying or selling is like going to Genting-casino. Let us bet MuiInd will be goreng-up to 30cents again. Hmm ... sound familiar? If you need to listen to these, one may go to public-forums. Many jokers there screaming their lungs out ... BUY BUY BUY ... then BYE BYE BYE.

10.15 am : So, KLCI in red ... down 2.35 points now from a positive opening. DOW up slightly... GOLD to the new high. Does that make any sense to you the DIRECTION of the current markets? Do you understand markets at all? At least do this simple homework I hv given my turtles ... check the 30-linked 200MA line. If you find more than 90% below 200MA, it is firmly DOWNTRENDING and will only go lower. There might be short rebound for those short-term punters to trade ... other than that, novices(like me) are advised to stay away.

Learning : It is the process, not the destination
Having said that, I am worry for my turtles ... especially my first batch. They came in end of last year where I told them KLCI will reach new high(and yes, it did) and profits was 'easy'. Today, should I e-mail them to warn them? How? Even long-term investors will like to pull their money out since they bought in Mac 2009. The profits are good and time to trim and take profits. How about those NEW to markets, with less than a year? And they dont even know what is hitting them?

Market will be searching for valuations and those over-priced stocks will move lower. VALUATIONS means FA. As for TA, stocks diving, supports broken and bad landscapes. Traders would have cut-loss or take profits weeks ago, ok?

Well ... I want to stay out of people's money. They have to make their own investments or tradings decisions. What if you ask them to sell, it shoot up higher? What if you ask them to buy and it moves lower? So difficult to call ... I could only write it HERE, in my own personal blog. Most of my cohort-0 turtles no longer read or even read my blog. LOL. They are youngsters below 30, with boyfriend-girlfriend and new gadgets, entertainment to chase. Reading about these investments stuff could be very boring and challenging to newbies, ok?

You could only place some criteria to them ... asking them to do some homework(most wont do la) ... how to track indices, sectors and stocks. You could only show them some useful websites to check on the health or markets etc etc ... do you thinik they will do those MINIMAL things you taught them? Lets use 80-20 ratio ... only 20% of them will do such.

Only 20% of those in market, KLSE, know what they are buying. ONly 20% of them know what FA is, what TA is. Only 20% of them ... do not lose money as they know how to protect their capitals. Only 20% ... pause.

Yes, I wont be the person who said THEY DESERVE IT or THEY ARE STUPID ... They are not. They do not deserve it. No one derserve to lose lots of their money, being ignorant  .. being naive and newbies. I will always remember that I WAS one of them just merely 4 years ago. I know NOTHING. People need to be given a chance to learn. Of coz we do have MANY egoistic traders who are STILL losing money(and with such sentiments, losing money is a norm) who will live in self-denial.

I will recommend many newbies to attend courses(please go for lectures, do some work and practise). If one needs tuition, then only come to me. I am a tutor, not qualify to be anyone's lecturer. Learning to trade is NOT as easy as many of them told you, if you heard from those forums(haha ... I want to laugh), you will know how naive many are.

Time to use your brain to THINK again. Are you sure you want to stay in KLSE for long? Or perhaps you might be the person telling others that market is a SCAM without admitting it is YOUR ignorance, YOUR arrogance, YOUR decisions that making you to lose money? Why looking for scape-goat to blame for YOUR own weaknesses?

Ok, enough said ... I could only say 'sorry' to those losing money.

Quote : You could only help those who want to help themselves.

3.10 pm : I have to run again ... KLCI up 4 points now. HSI up 200+ points. WOW.

SLV-c1 : Cleared off today as correction will be here. Stocks up, gold will go down. When Gold go down, time to buy.

5.50 pm : WOW ... KLCI up 10 points, HSI up 388 points and DOW future up 150 points. BULLish sentiments are back ... in such a short time frame?

Parkson : Yes, assuming that I bought Parkson at 5.55 level, ok? Let us analyse and check what willl happen to her.


TEH