connie, yeah, i was wondering why we kept interest rate so low, if inflation rate rises and it goes higher than interest it means money saved is money lost; providing push factor for spending and creating a cycle of runaway...

btw talking about legs, I mean, who doesnt love long long legs? especially impulsive uplegs! i bet u have a secret leg fetish as well

oh and i noticed Fred Tam (dunno your opinion on him, but I tend to read all d charts I can get to get for a diverse opinion) just recoounted the current wave as 3 on a five count upcycle, in his words, "this rally have legs"; while as hawk subbies i think he see this as 5 up; while some of our sifus here see this as leg 5 of a major 4; confusing really

do u think the waves are the "horse" that is driving the market one way or the other; or just the "cart" we see the movement off to guess where the horse is going?

no, i am not implying anything, i am fortunate that i didnt grab tiny profit and benefitted from the insight from apanama and the chartists at the other house.

i will never be better than the others, just tagging along for the ride. and always reminding myself the surest way to lose one's rezeki is to think one is better than the others. a lot of thing only known to the Almighty. hubris can only bring a tragedy and a burnt wallet

Thanks Apanama, I found your advice to monitor WTI and USD very closely to be d most important thing to do while trading FBM KLCI-anything.

Manage to deleverage a huge portion of my calls quite near the peak on Friday. Those that have followed our sifu here on the uptrend would have made handsome gains. Even d much maligned C4 made 50% gains.

Was thinking of jumping ship to puts but the chart for those convinced me that the market haven't really decided on its direction. Our dear First Lady of i3investor is a very good chart reader, but even then she put in a disclaimer that confirmation candlestick needed. And quite a number of well known chartist have started relabelling waves recently

So just brought some well managed FA counter that is trending on a momentum play

Congrats on all C12 winner none the less, Mine was about 40% (averaging up as I build d position)

don't worry, Cyborg will slowly accumulate all the 150M issued HK in the market.

With the market movement he will be able to get an average of RM30M at average price 0.20 only to buy out the entire issue.

Next January I am sure CIMB will pay you handsomely, and you get to appear on newspaper like those Jackpot owners. Good luck!

Ah con, bfg luv taylor swift as well... those magnificently erogenous legs... anyone have those should flaunt it day and night pls!

now explanation from a university dropout... Taylor's rule is d modern formula for central banks to set interest rates depending on the inflation, and output capacity utilization.. it came out as i thought why the inflation spike since GST failed to translate into higher interest rates... so started poking around for numbers to try calculation, and i stumbled upon what working ppl luv d best, work done by cheap labour (interns or students of course)

just look at d background and conclusions will do, if free to look into it

http://eprints.utar.edu.my/1108/1/FE-2013-1100446.pdf

d conclusion that will suprise most people who always will say "malaysia magic or malaysia boleh" is that our madame z have really been an independent 'guvernor mostly free from politicial interference (no evidence of pushing economy near General Elections for example) and following strictly to her mandate of managing inflation and not the PM's economic report card

theres hope for our motherland yet


Posted by connie > Oct 10, 2015 08:39 PM | Report Abuse

oh wow bfg9000, madame zeti following taylor's rule ??? ah con only knows taylor swift .. hehehe :) u sound very impressive .. do share more of your knowledge with us

Thanks Sifu duit for the update.

And thanks for sharing, actually that site is very good for all sort of data - the previous time I found it useful was looking up our GDP deflator to try to model if Zeti is really following Taylor's rule

Anyone who needs all sort of indicators, that should be top of the bookmark

popcorn - the layperson's version (or from people who have no incentive to spin it by seeding fear and uncertainity)

http://www.bloomberg.com/news/articles/2015-10-05/an-interesting-thing-happened-in-the-repo-market

If too lazy to read, a coincidence in the financial cutoff of Fed reporting captured an interesting event that shows the liquidity market is functioning as it should.

Boring right? Report like this will means no panic buying of gold or silver. Therefore, those with hidden interest hide it behind "something occoured" without explaning.

Like "something occoured" in that hotel last week. Will you want to stay there?

Don't forget the biggest trap in chart reading is that what it looks like now, could well be totally different a few days down the road.

It is just one outcome. Another outcome can stil come to pass.

The biggest problem on the bear narrative is the surge in MYR coincides with a surge in foreign buying ~380M nett today.

Liquidity in KLCI comes from
1. Money people like us are willing to bet, or in more syariah compliant term, invest, in the market
2. Our money hold in trust either by choice (mutual funds) or by law (tabung amanah like KWSP, KWAP, Khazanah)
3. Money invested into this country from outside (EM funds) or bet into this country (Hedge)

Then ask which one is free float. Can we find 300-500M net buy to sustain a bull? Can the local funds find 300-500M to feed a raging bull? This one is a yes to a certain extend. Abe did it in Japan. Our PM thankfully is not going there yet. But it is limited, and any huge increased needs to be ratified (eg KWSP being allowed by its charted to invest more in equity)

The last one is mostly free. Foreign EM funds are by charter needs to be invested somewhere, so it can float around, or between bonds and equity, in and out of the country.

Now look at the evidence, in terms of net flows and money movement.

Have the balance of probability increased a bit?

Beginning of this week, with the huge outflow last few weeks, I was more bearish. At the end of this week I'm not that sure anymore.

Just waiting for new facts to change my opinion. Or hold it. In the meantime, manage your exposure. And work hard, it is our productivity that will really reflect in the strength of our market and the quality of our retirement when we cannot work anymore

Hula what you are posting are propaganda from a gold and silver trading house.

"Something occured" is a dead giveaway to conduct proper due diligence on what you are reading, before posting it on.

Unfortunately for you we dont have a liquidity issue and if one is to occour, there is a proven medicine for that - QE4

hahaha, please take a number, so many wanna feel the waves come together with connie on top :p

her read on KLCI breather spot on!
share what u think sometimes lah

Posted by bostyle > Oct 9, 2015 04:16 PM | Report Abuse

bfg9000... Oh yeah, if it is Connie I don't mind. We feel the waves together ;)

Posted by bfg9000 > Oct 9, 2015 04:14 PM | Report Abuse

Missy, that sounds a bit kinky coming from u, if duit or rchi, expected ler hahahaha

Missy, that sounds a bit kinky coming from u, if duit or rchi, expected ler hahahaha

Posted by bostyle > Oct 9, 2015 04:11 PM | Report Abuse

Now Connie is AT THE TOP! YEAYYYY!

Wow sifu hawk's call really explosive

Anyway initial reaction to FOMC is good, rally progressing, Dow looks good on the money to break 17000

Most importantly, the most important index of our times at the Chicago Board Options Exchange crashed from 19 to <18, so things look even better.

Tomorroww let's close Bursa above 1700

Goodnight

Bro westgun,

Thank you for digging back all the estimates bro duit ask you to compile, if you don't mind, let me add two more numbers from two respectable sifus to it

Person Index (average) Remarks 
Duit 1683.78 Support 1661.36,First target:1683.78, second 
target 1664.19, 
Rchi 1700 Mention 1700 
Connie 1721 200ema on daily at 1723 , target of 1719 
TM 1710 1660-1760 range 
Twobits 1727   TP 1727 
Region Nil Only mention HK ( hit n run..:) 
Skyhawk 1708 from 1693-1723
Apanama 1712.88

Standard treatment is usually to discard the highest and lowest number to get the series
1683.78
1700
1708
1710
1712.88
1721

The average (CC house "Analysts Consensus") will be 1705.94 with a standard deviation of 12.82

This will give a confidence interval of 1695.68 to 1716.2

Today's closing is 1692,2 as noted, so we are not in the pivotal moment yet, but close to it.

Only if we closed above 1716.2 then we can safely say that we are extending or bullish


Posted by westgun > Oct 9, 2015 12:25 AM | Report Abuse

Hi Bro Duit.. as per request , index "review" on date 08/10/2015

Is quite misleading as most person are given the range instead of actual index...:(
===========================

Person Index (average) Remarks
Duit 1683.78 Support 1661.36,First target:1683.78, second
target 1664.19,
Rchi 1700 Mention 1700
Connie 1721 200ema on daily at 1723 , target of 1719
TM 1710 1660-1760 range
Twobits 1727 TP 1727
Region Nil Only mention HK ( hit n run..:)

Average 1708.356

Index
Closing 1,692.20

Wow bostyle also another chartist.. salute, a big technical community here

Rchi thanks for the call on Homeriz, will pick up

no one is foreseeing any scenario where we could extend beyond 1723?

in other words, are we 30 pts from the cliff?

kitty28

my take on bro Duit is that HT is one of those MacQ counters where we can look at the MM to see where the smart money is pricing the index at

my take on it is not yet there, MM is only willing to buy at .285

dunno correct or not have to ask sifu to interpret, i just student trying to read, could be very wrong

bostyle - not yet touch even better, touch what it will turns to gold

just dont forget to share!

My predicition of the day: today's wave will carry CC house to 1988 pagesand earn banyak banyak as birthday present for the AnnH & BoStyle

Ohh... Happy Birthday AnnH and d stylish BanyakStyle

we are at a higher high now on the final upleg .. watch out or push more?

thanks sifu trustme and have a great morning!

thanks connie! cheers!

dessert? hahaha all sifu hawk subbies just enjoying breakfast, main course not yet served! heard theres two main course paired with fine wine to be served these few days

good morning Ah Con, sober enough to share your charts today yet?

scanned d news during breakfast and didnt see much cloud

Good morning sifu 2-bits

I am sure we are near another inflexion point - lets have a strong push for us to get out of calls and let the puts rule!

Good morning Mr Dunknow and surewinz, lets win our fights in Bursa, not in CC house!

Good morning tsy.

Yep, today riding with our dear sifu rchi, lets all reap barrels and barrels of gains today!

Hi all the early birds Caitlym, region, charlie, tsy, eagle, jake, bostyle and everyone else

Good morning and lets have a great day today!

And hope more to come from all the Sifus

From WikiPedia

Groupthink is a psychological phenomenon that occurs within a group of people, in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome. Group members try to minimize conflict and reach a consensus decision without critical evaluation of alternative viewpoints, by actively suppressing dissenting viewpoints, and by isolating themselves from outside influences.

Loyalty to the group requires individuals to avoid raising controversial issues or alternative solutions, and there is loss of individual creativity, uniqueness and independent thinking. The dysfunctional group dynamics of the "ingroup" produces an "illusion of invulnerability" (an inflated certainty that the right decision has been made). Thus the "ingroup" significantly overrates its own abilities in decision-making, and significantly underrates the abilities of its opponents (the "outgroup"). Furthermore, groupthink can produce dehumanizing actions against the "outgroup".

Antecedent factors such as group cohesiveness, faulty group structure, and situational context (e.g., community panic) play into the likelihood of whether or not groupthink will impact the decision-making process.

Groupthink is a construct of social psychology but has an extensive reach, and influences literature in the fields of communication studies, political science, management, and organizational theory,[1] as well as important aspects of deviant religious cult behaviour.[2][3]

I cast my vote to Sifu Duit's opinion on this. Maybe as new member who only have benefit but not able to contribute anything, my voice is not of much weight, nevertheless, I do hope that those of us who have benefited from the generosity and friendliness of people here to help keep it that way

This is a family, and we are a band of brothers (and sisters and mummy Con) in the war for knowledge, and if we do that well, money will follow once we got both technique and strategy right

This is not a game when someone wins others must lose, we all can win together.

Let's respect our differences, and if we can't agree, agree to disagree

If we all go into one opinion or another, we ended up with the dangerous situation of "group think"

Can ask, are we more fearful or greedy?

same here, expecting 1680 is 2 days time, it was reached in 1 hour after reopen

hahahah Ann that was what happened all d time, sometimes forget that warrants profit is multiplied, losses also multiplied compared to mummy. d worse is keyed in already dont want to press confirm see if can go back or not.. wishful thinking, when click sometimes 2 ticks down!

rchi, most of us too slow to follow your style, but any fund with your returns the last few month, you will get a big US IB come knocking dy

tq rchi, your success rate is damn geng, overall if follow your plan should be net big big gain!

you want to start a CC Bursa Malaysia Rchi Fund?

thanks bro apanama keeping the faith here

any tp for our rezeki in c12?

Thanks Ann! Great read

Wow, everyday gapping up almost..

So we dont really need to flag every post by some members, I think most of us can judge for ourselves if someone is being truthful and polite or rude and obnoxious

Thank you Tuan Haji Apanama, a lot of wisdom and humility in your words

I am sure you have been blessed with much more rezeki after getting burnt intially, like most of us and we are grateful you are sharing the experience so that we dont follow the long painful road.

For the majority of successful (I won't say rich, that is just one measure and not by all means the only meaningful measure) people are very humble and keeps a low profile. Only 10% usually likes to boast and then you can take their boast and cut 90%, that is like the real figure.

But I don't think we should censor and silence those we don't agree with. Everyone's opinion carries weight. Even those you don't agree with. Sometimes especially those we don't agree with.

Politicians in enlightened countries say "tell me why you didn't vote for me and I will see how to improve". I do pray that our country's leaders will reach there one day. Here in this forum we are all equals, no YB here, so there is no need to go down the same road that "If you dont agree with me for vote for me I'll whack you. Or at least flag your post till it get censored"

ss1967 - lookup this

https://www.moodys.com/microsites/brm/index.html

Moody's only downgraded the BCA for one component of CIMB group which is the CIMB Islamic's BCA

Final rating depends on BCA+supports (incl govt) so the final rating was reaffirmed

walt932, be patient, we have a lot of great sifus here

i am also sitting on big losses, quite a few big losses story last year i kena, like someone mentioned d famous case of sumatec

then i found this place, it is like rehab :p

Hi, I am bfg and I am a Bursa noobie

Chase high, never cut, trade without plan, follow emotion, follow ego - wrong ady on FA still ngeh ngeh dont want to cut, then become opposite, flip here flip there, all the 30-40% gains wiped out by 10-20% cut losses

Thanks to sifus here like rchi and duit, slowly recovering

Also connie's chart reading. Save my skin a few times - if not sure burn everywhere, foreskin, aftskin, inside skin ...

Its a long journey, good luck ya

walt, please read back sifu Duit's comment, you can click his profile and see his past comment, he recommended going in at 30 30 40% or something like that in stages, set the later bits at resistance (during breakout) or support (if it is holding), in that way you are minimizing the potential losses and usually can get quite a decent average price

personally i set 50/50 one during initial entry, the other part is if it is supported and strong then go in before another upleg (eg bids at +1 tick above reisstance almost finished); or if a big block is going to be cleared then top up

walt932: look for opportunity to exit higher at Johotin; drip feed into AAC25

Last round I think so many people average up on it till Rchi's sell call.

Thanks rchi for another great call

bro duit, send u something by email, if free could share your thoughts on it?

in between chasing celebrities i do enjoy macro enomomics - sometimes you can find yield curves as sexy as connie's clevage :p

i'm hugging tight my CWs, not sniping PWs this round so can join sifu duit to find more duit, gameplan according to all the sifu here our upleg still got some kick in it!

walt932 - how much do you have? I am sure CC forum can pool the amount and buy an entertainment no one will ever forget

Just fill up Form (FTF010) ("Bursa Depository Transfer Form") with third party beneficiary CC House c/o Connie

I think there is a shortcoming in the forum that we are not allowed to upvote comments, else Sifu Duit, you will see that your thumbs up outnumbers the flag by like 100,000:1

We are here to share opinions and make money, not war

Difference in opinions is actually vital for making better decision (imagine a HK forum where everyone is same opinion that CI will heads to 1000, HK will be worth RM2, getting into a feedback loop to reinforce each other, and becoming a suicidal cult when 29 Jan 2016 arrives and HK becomes worthless); each of us can weight both sides and trade accordingly

Banter, on the other hand, is a good distraction on bangku days ... so lets just trade banter sometimes and not insults

Bro duit,

You can print out the following to claim the RM38 subscription from my membership

===========================
“I promise to pay the bearer on demand the sum of RM38, of which RM2.15 will go to LHDN in accordance to Goods and Services Tax Act 2014”
-bfg9000
===========================

Now can I have my big big $?

hahaha i also snipe here snipe there on HK, but basically following rchi and the chartist at cc house.. it has been good to me, earn enough to fill up my kap chai motor to rempit a few months...

duit: if d story doesnt have sexual innuendos in it, it ain't a good story, so a lot more to learn that from u as well...