SUMMARY '' Wall St closed 0.4% lower. US 4Q'2011 GDP grew 3%, above the 2.8% estimate. Chicago PMI rose to 64, higher than expected, indicating expanding anufacturing. US Fed Beige book, an anecdotal account of manufacturing activity, points to moderate expansion. '' Dow of 12,952, is targeting 13,279. Previous high is 14,198. Caution is on the key support 12,670, which will be negative if breached. RSI of 61, is showing early sign of weakness. '' Dollar Index is higher at 78.8. Resistance is at 80.0. '' Crude oil is higher at USD107.0. Support is at 103.0. '' Dollar yen is higher at 81.2 yen. Resistance is at 82.2. '' Euro/dollar is lower at 1.333. Support is at 1.316. '' Gold is lower at USD1705. Downside is at 1625. '' Shanghai closed lower at 2,428. '' Singapore STI closed higher at 2,984. '' Ringgit is firmer at 2.995. Resistance is at 2.96. '' S'pore ringgit is lower at 2.404. Support is at 2.370 '' Malaysian market closed higher at 1569. On the Daily chart, it broke the 200 MA of 1501, indicating a further upward push to 1578. Support is at 1566. RSI of 66, is weakening. Today's range is between 1566 and 1576. '' CPO April futures is lower at RM3259. Support is at 3023. '' Trading : RSAWIT ( 5113 : 1.13 ) : Targeting 1.30, TRC ( 5054 : 0.71 ) : Targeting 0.77, NAGAMAS ( 8923 : 0.74 ) : Targeting 0.81, N2N ( 0108 : 0.48 ) : top loss 0.45
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lotsofmoney
the wonderful things about historical facts is that the future is almost always the opposite. Helpful but not exactly useful.
2012-03-01 15:23