DOW down 100 points. I read about Swiss National Bank's intervention. Gold and Silver at lower level which I am still observing to buy into pyhsical gold/silver, besides my SLV.

I am still stalking MEGB and Puncak as they are in new lows. Currently, it is risky to go for these stocks due to the bad sentiments of global markets. I do not think so any of the stocks will be in reversal. So, brace yourself for more DOWN side in most of the stocks.

Yes, we are in bear-rally, which means any rebound might be short and temporary. Investors have exited equity markets as Gold is being prefered as the safe-haven. Global we see some trillions of dollars out of equity-markets. It was reported as six-trillions, if I am not mistaken. Where could the money go? Besides some commodities, some currencies are doing well. USD is still considered as safe-haven? Well, the collapse of USD will not be so soon ... but once it triggers, it could be tremendous.

It is also interesting to note that many banks traded in UK and US are doing VERY badly. RBS is diving and lost 25% in a month. Do check out those banks, ya. I am reading a lot regarding these banks at the moments. These are pump-up banks ... will become zombie-banks as some put it. Witout steriod and stimulus, it will stop working ...

As I said, unless KLCI down 80 points in some panic selling, there is nothing for me to buy. I hv cleared CIMB due to the risk in markets. I want to stay in cash positions as I do have similar view of a blogger. Alpha Chart, that we will see TA to win ... FA could not be used in current market situation. Cheap? Cheap will go cheaper ... so, stay away and watch ...

Tenaga ... will like to see her below RM5 soon. Yes, I wont mind staying with her. She lights up my life and  nights, so to speak.

counter : 220, 000 level

9.05 am : KLCI up 7 points, artificially pushed up at the moment. Dont chase la. It will drop later. I am checking on BDRB and ESSO.

News on funds

The EPF has been buying up stocks as global macro headwinds prompted foreign funds to exit the local equity market. Large cap stocks such as IOI Corp, CIMB, Petronas Chemicals, MBB and Axiata are among counters the EPF has increased its equity interest in as foreign funds pare down their holdings of local equities. Foreign institutional investors turned net sellers in Aug 2011 after 4 consecutive months of bet buying from April 2011 ' July 2011 ' net selling of rm3.8 billion. During the same period, local institutional value of trade was rm20.6 billion of buy value compared with rm15.8 billion of sell value. EPF took up more than 11 million IOI shares in Aug 2011 ' average price of rm4.63. It has also acquired 88 million shares in CIMB since Aug 2011 to 12.7% stake. The EPF bought 80 million shares in Axiata, increasing its stake to 12.2%. Market observers said that there could be more downside pressure on the local stock market as the rm3.8 billion foreign outflows reversed only 58% of the total foreign buying during the period between April 2011 to July 2011. Foreign holding in Malaysian equities has tapered off to below 22% by end Aug 2011 compared with 22.1% as at end July 2011.

Sent by KCK of Kenanga.

9.55 am : Supermax landed. Many more showing weakness and could not reverse as they 'should'. Even gravity is heavier for Superman to conquer. Hmm ...

MEGB : Might stay at current 1.18 level for a while and see if it is going to dive further.

11.10 am : HSI up, KLCI up.

Faber and Sunway are in green today, showing some signs of reversal? These are good stocks-la. Not your DVM or Wijaya?

12.35 pm : I am going to have lunch with my turtles. Haha ... free lunch?

Gold : It just dived to touch 1835 moments ago. Welcoming a new CW for gold.

OFF

Books on Technical Analysis  by

1. Jacinta Chan
2. Fred Tham
3. Nextview

I do have these three locally written technical-analsis books. I do not have any preferences except they are Asians. I do have few books by non-locals too but three good books will be good enough. Again, reading itself will NOT help much.


Trading Class

Yes, I will be having my second batch(I called them cohort-2) of BASIC TA tuition-class for novices/newbies. Nope ... this is NOT a stock pick class, this is NOT for those already knew about all the TA stuff and also trading well. This is for BASIC novices or those fundamentalists who want to add technical analysis into their learning. Yes, I want to repeat ... this is for those who want to LEARN 'technical analysis' from BASICS.

It is a continuous classes of 4/5 Fridays, forthnightly. There is a 2-weeks break between classes for those who want to do their HOMEWORK. Yes, this is a class to show novices what homework I DID and how I improve myself.

Qualifications : I have to repeat again and again that I m just a Math teacher. I do NOT have enonomics, financial blah blah blah qualifications. PLEASE do read my disclaimer and my previous posts, if possible from AUG 2008. This blog explains itself ... my journey from ground zero. So, I am only interested to teach those from ground zero, nothing to corrupt their brains yet(hopefully) and to progress to be much better than  I am.

If you are already know the basics, this class is not for you. If you are a lazy bump, this class is a drag. If you dont appreciate learning and want to be given a fish, you will be VERY disappointed and might even start to condemn me. You are NOT welcomed.

On the other hand, if u have read me clear and still want to take the RISK of learning from me, sure ... you are most welcome. I want to teach only those who want to learn. I do expect some drop-outs after a class or so. Going into few more classes, I do expect more to DROP OUT. Haha ... why? Because ... you might no longer trust me, you might start to blame me for your own shallow-thinking, you might think you have learnt too much and better than me(good for you), you might ... add-in yourself.

I have seen many went for courses, paid thousands of ringgits but learn NOTHING AT ALL. I attended Chart-Nexus course last year(it is above RM4k, ok) and seen SO MANY(majority of them) of them there NOT learning. I was disappointed but accept the facts that MAJORITY of them paid the money, gave up on learning and some are there to know some stock-picks-tips. Heck, these mentality will NEVER improve and they will CONTINUE to lose money in markets!! Wanna bet?

I went to Chart-Nexus to learn ... I still do attend meetings whenever I am 'free' as most of the Saturdays, I am not free. I attend the meeting to LEARN. I paid money to LEARN from the trainer. I do not question my young trainer, ok? I am learning TECHNICAL analysis from him, his views as he is 'trained' to do that. I respect my trainer, ok? But ... I am skeptical about the CROWDS in Chart-Nexus ... those many uncles/aunties learning the technical terms and analysis in four-full days. IT IS NOT POSSIBLE. You cant learn things in DAYS. Be realistic or else I will splash cold-water in your dream of ... getting rich through trading using technical analysis? SPLASH.

It is teaching and learning that I am passionate about. That is why I m charging a small fraction of those courses. And I hv written many of times to ask many to join those courses. If you dont have the characters and right attitudes to learn, BELIEVE ME ... you will NOT improve, anyway. Face it-la ... drop your ego, please.

How long do I think for a novice to learn TA?

Hmm ... the pace and rate certainly depending on many factors :

1. Is your brain analytical? Please dont tell me a retired-english teacher could learn TA in four days, ok? Where is the logical and realistic brain in MANY? No wonder we have 80% of them losing money in markets. NO LOGIC.

2. How far you understand your own learning-curve and process? This is important as we all learn things in different manner ... by understanding YOURSELF, you could control what u want to learn first, and what we should learn next and what to be put as the last ... say, after years?

3. Learning ATTITUDE - I placed this as #1 factor as no matter how good your brain could be ... you will be defeated easily by a simple RIGHT attitudes of learning. Err ... I think I know a little of Maths better than majority but does that mean I will be good in my trading without the right attitude to learn? Correct your attitudes towards learning as that is the MAIN block... you attitudes! Admit that, move on.

4. Re-learning and learning - this just means that you need to CLEAN your brain about many things you have put into your brain(wrongly) about money, about markets and about trading. Start with RDPD to understand that your degrees/PhD will not make you a better trader. Read more motivational books that could slap your ego ... and waking up into reality to check if you could RE-LEARN new things. Many will fail here as they given up even before they try.

Add in more factors that you might think affecting your path to learn better. I am just a 'cikgu' here pointing out from my own experiences. I was one of many financial-idiots. HONEST. I was worse than an idiot, financially. I might be kind and a good to my students,



TEH