To all the readers who are celebrating the light festival, Happy Deepavali. To my Indian tratles, enjoy the festival day and mohon maaf from cikgu if I have offended any of you in my quest to teach. God Bless.

To my best friend, Siva and family ... my best wishes and I shall visit you all tmr. Thanks for being a friend of mine for 36 long years, buddy. Haha.

To my Indian friends and students(or ex), my wishes to all of you too.

Yes, I have many Indian friends and students. When I was with Stamford PJ for 10 years, majority of my colleagues and students I mixed with are Indians and getting to know their culture making me less Chinese but more becoming a Malaysian.

Thanks for such a nice feeling.

DOW up another 100 points. Many markets going into overbought again and yes, I will like to ride on it with intention to be out soon.

Penang Talk : It shall be next Sat as next Sat will be my only free Sat. I have not planned exactly where is it but a friend of mine is helping me to make the arrangements. Will inform further. Thanks.

ENG : Touched 1.50 yesterday, checking at 1.45 level next and consider when RSI below 15.




KSL : I noticed KSL with three huge volumes for the past three trading days!!Market was very bullish with many construction counters shooting higher ... but why KSL is lagging? A doji formed at 20MA is a good sign to buy? So, I see this counter with lower risk(technically, I did not check news related etc) entry and we shall wait to clear at 1.50.

Market talk(KL) : This Saturday night, I will like to have a 2.5 hours of market talk to those staying in Klang Valley. So far, I only have 4 enquiries!! Not so good response due to 'holiday' mood? It will be talking about TECHNICAL REBOUND, means ... if stocks diving lower and lower, what should we be looking for to catch its rebound(if any?) Hence, the short technical rebound WILL gain us substantial profits in the short period of time!! Isnt that what everybody want? Hmm ...

Stocks : MEGB, YTLLand and Jaks.

Stalk : Many ... such as KSL.

9.10 am : KLCI up 4 points. Jaks back to my cost price, the other two going for short-ride.

Bullishness


SOUTHEAST Asian stocks gained yesterday in thin trade as foreign buyers' appetite for risky assets rose.

"I think investors are really believing that a turnaround (in the eurozone crisis) is under way," said Singapore-based CIMB-GK Research's Regional Economist Song Seng Wun. "Also there hasn't been anything negative on the earning front."

In Singapore, the Straits Times Index closed 48.54 points, or 1.79 per cent, higher at 2,760.95. - Agencies

Taken from : The Edge

AUY' stock

Auntie-Uncle-Yuppy's stock : Perhaps I will use "AUY" as acronym. Then, I wont offend those aunties or uncles or those yuppies(in forums). I will make a definition of what I think of AUY's stocks which TECHNICAL ANALYSIS fail badly. It is also a 'gambling' or punting stocks which most of the time, without fundamentals to support the buyings or without logic of technical-analysis to trade. Mainly playing on so-called insider news or tips on rumours. Beware.

10.10 am : HSI up 100+ points. KLCI giving up early points, flat now .. causing my stocks back to my cost prices.

ENG : At 1.46 level now ... wait for RSI below 20 then?

11.15 am : KLCI is slightly in RED? Hey, DOW up 100+ points la.

I was chatting with PT ... well we are both free today as it is deepavali break for students while others having exams. He is totally in cash positions as he 'missed' the strong rebound and feels he do not want to chase. Good.

TIP = Think In Probability

Let us talk about CHANCES --- what are the chances that KLCI will go higher COMPARING to KLCI going lower at this point of time? If you want the answer, you draw those resistance lines for most of the KLCI-linked counters. Then, you will know that the rebound is over soon ... do you know probability? Does your brain work in such a LOGIC way that ... the risk is higher now?

4.45 pm : Busy with tuition classes. KLCI up 2 points. Tenaga still having the energy ...

Jaks : Cleared half at 0.60 done, at cost price.

Maths exams on Friday ... so, I will still have tuition classes tmr and Thu.

off.
TEH