Monday morning blues ... it is raining outside. Liverpool trashed. I am wearing 'pink' as I do not expect market to be in green!! Well, DOW up up ... but we are dragged by SIME. If one could understand how easily KLCI being manipulated, one will accept the so-called fact that KLSE is lagging behind. What? From 4th best to 4th worst markets around? Hmm... we are waiting for Najib to give us more goodies in coming weeks. Will FED give the last-steroid injection? Anxiety in markets shown as many staying out at the moment.



10.10 am : KLCI down by 6 points.

SS : Why US market raise but Malaysia market still continue to drop?

This is a line sent to me in my yahoo-chat bow. I m too busy to attend to such questions. Answering these questions will not help the person to understand markets better. She is a younger-aunty who is novice to market and have been my chat-mate. As she is just one of my readers, I do entertain such un-important questions once in a while.

To my turtles : Hence, I am going to post this question to challenge my turtles and see if they could give me some decent 'explainations'. It is not explaination, some are merely excuses or speculating on some news. Do e-mail me the answers if you all do not want to place it in the comment-box.

SIME : Touched 7.75 this morning ... it is still a knife to catch. No buy. Supporting at 7.80 seen.

Digi : In red again ... hmm ....

MEGB : At new low of 1.11 ... are we waiting for some privitisation news from Edward since it is really cheap now comparing to 1.80 level he mentioned? What do u think? To buy ... and wait for the rumours to be out? Anyone heard any rumours yet?

Puncak : The peak is no longer at its Puncak as it drifting lower since my short ride on her. It is at 1.16 level now, came from 1.30 level recently? Hope no one caught in her by jumping into a moving wagon, and caught with her. Averaging down on this no-good counter in such bearish market could be futile. Who is the tag-team buying her now?

10.35 am : KLCI down 8 points. So, think ... why KLCI down today instead of UP since DOW up on Thu and Friday?

AMMB : At 6.12 now ... still waiting for RM6 level.

UEMLand : At 1.86 level ... cheaper than 2.86 level, right? Buy?

e-mail : I am sending e-mail to those coming for this Friday Support-Resistance class. Please check your e-mail and confirm you are coming ASAP. Thanks.

11.10 am : Off for early lunch ... not really in mood. Not the market but the way Liverpool is playing and everyone around me rubbing it to me. Sigh. Ok ok ... I will buy Liverpool's share. Huh? Are they listed? At least MU listing in SGX. hmm ...

Sime : At 7.75 now ... hey, I am interested.

E&O : Since I like Sime at current level, might as well buy-back E&O which 'close-to-heart'. That is how KLSE-kaki buying stocks,right? Like buying groceries.

So, I am an investor in Sime and E&O now ... what will happen next? Let us watch the 'drama' ...




Bill's Talk : Will find time to write about the talk I attended yesterday.

SIME : Caught her at 7.75, now at 7.71 .. checking if 7.70 will be done later.

2.05 pm : Hi SIME, what's up? Are you not feeling well today? How could you have diarrhea for three days? 7.65 also done. ouch.

Obama and the un-employed. Seeing the situation in US, we should be thankful that we still have jobs to do. STOP complaining about your job, will ya? UNDI LAH Najib ... 1-Malaysia, 1-Kerja. Haha

3.40 pm : KLCI down 13 points and HSI losing 400 points.

Answers from turtles : Only two answered me - MS and BL. Will check if anyone read the question above or else I have to e-mail to them personally the silly question. WHY KLCI down today?

SIME :  At 7.86 now? What's up SIME? Checked with doctor about your diarrhea? Do take a rest, no more hot-chilly for you, babe. Yeah, I dont really wait for SIGNALS? That is risk, I know. What signals? Most TA indicators are lagging. Will check on the candle-stick later. Sime touched 3.64, my 3.60 now done. Too bad.

SPSetia : Accumulation still there ... not easy to push her up when KLCI down by 13 points, right? At least she is still in green la ...

E&O : Testing 1.60 level ... will only check if she clear 1.60 level.

4.40 pm : KLCI down 16 points.

OSK : Hai ya ... how can they have a trading competition for COLLEGE students in month of OCTOBER when many of my A-levels students are having exams? Otherwise, I will form many teams and teach them to win. Too bad .... why the organiser dont even know when the exams are?

9.35 pm : Just back from shopping for household things as I am shifting in next month. Will also allocate a room for my trading-meeting. Some e-mail me that they are interested to join in my meeting.

My traders-meeting
First of all, I m giving priority to my turtles as they speak my language. I am teaching them MY language. It is a form of communication.

Secondly, I do not have the space to cater many. So, when I am doing the analysing of charts, I will like to have only my turtles to be around so that I could teach them to analyse. Face it, I am not stock-picking. I am TEACHING them how to analyse, what work to be done and then, we will work in a group under my guidance. Yes, we are doing research ... we are doing work together, MY WAY.

MY WAY is important so that I do not waste my energy to argue with those outsiders. I m in teaching line - and I am teaching them analysing using FA and TA. Once in a while, I might like to have some good 'sifu' around to share his/her opinions too. I will reach that level, one day.

Hence, due to the constraints, it is a closed-meeting. Mind you, these are few people who took the initiative to TRUST me to teach them. And they are paying money to gain the knowledge. IF any of them not learning but hanging there just for stock-pick, they will be VERY disappointed. I never believe in stock pick. I teach you what to look at, you pick it ... and we analyse together, how about that?

I might consider public-talk(s) to those readers who are interested. Yes, at my home ... the core of my learning space. I am a trader and once these taking off, I am becoming more serious as this is business. You dont come whenever you want or whoever you are. If you are here to learn, good ... I am glad. But I do know MOST are only interested to know what stock to buy/sell. When will they ever learn to understand NO ONE could tell you that?

I will also consider some stock-chat on different day of my trader-meeting. In other words, my turtle-meeting are exclusively for them. If I have enough request from other readers to have a stock-chat, yes ... we will have that. Again, it is NOT free. NOTHING is free ... ask the market if he could give you free profits? If you do not lose money to the market, you are considered as top 20%, ok? Imagine that!!

Peter Schiff Testimony Before Congress On Jobs Committee




TEH