Have a good evening and hug your love one, folks.

KC, for short term(days), don't be greedy and know when to parachute. After the 2nd, wait for the 3rd one. The 38.2% maybe short and less. Just be careful, my friend.

KC, target at 38.2% Fibonacci line area. After that 2nd wave.

ping KC, check mail.

ping KC, check mail.

http://oilprice.com/Energy/Oil-Prices/OPECs-900-Billion-Mistake.html

Is 28bilis mail works?

An interesting article to read and digest.

http://oilprice.com/Latest-Energy-News/World-News/Why-20-Oil-Wont-Happen.html

@JoeyLee, read this article slowly and think about it.
http://oilprice.com/Latest-Energy-News/World-News/Why-20-Oil-Wont-Happen.html

Those invested in oil and gas counters, should read this article

http://oilprice.com/Latest-Energy-News/World-News/Why-20-Oil-Wont-Happen.html

JoeyLee, place Bollinger's band, 2 Simple Moving Average(SMA) of 10 and 50 or adjust the period accordingly.

Watch the Bollinger's MA(Middle band,20) crosses those SMA.

All the best to you.

oops
"Be careful, I miscalculated at 0.59(2weeks ago) using 8% amplitude, wrongly and stucked;) 3% should be the one and on 3rd wave down. "

.... 13% or more should be the one and on 3rd wave down.

current wave should be bearish 3rd wave, reverse your Fibonacci Retracement.
find the 1st wave and place the Fibo
Start date 16/6/2015
End date 25/6/2015

Good chart. Use the ZigZag indicator to filter minor wave. What is the wave's amplitude 1%(very minor), 3%, 8%, 13%, 21%(Major)(base fibonacci sequence)to count the wave? 3% and 8% good for short term.

Be careful, I miscalculated at 0.59(2weeks ago) using 8% amplitude, wrongly and stucked;) 3% should be the one and on 3rd wave down.

If time permit, learn Point and Figure charting.

Keep up the good job.

Congress may contribute to keeping interest rates lower for longer.

In a note Monday on the upcoming political calendar, Goldman Sachs’ Alec Phillips said that a protracted debate over the federal budget could add another reason for the Fed to wait, just like in 2013.
...

http://www.businessinsider.my/congress-could-cause-the-fed-to-delay-rate-hike-liftoff-2015-8/

no time for news. all news channel can't believe. Marc Faber's the doom sayer

bilis,
knm, i am more on medium to long term. never in hurry to sell.
bornoil, be careful, no volume, RI might bring down the price.

bornoil -no, knm-yes ifcamsc-not yet

Looks like an incomplete of 3rd wave to me.

@ozzie75, today will be the last day of updating the charts or participate in the forum. I am getting busy. Will update you from time to time.

remember 0.977

Have a good day to you.

ozzie75, know anything of old technical analysis using "Point and Figures" method. This method does good for catching trap and break.

@iswara, "when you heard the tp price or how to cal the price ?"

1. learn Technical Analysis
2. learn Elliott wave
3. learn Fibonacci.
4. the above tools can guide you to calculate the TP(Target Price)
5. the above based on human sentiment and behaviour.
6. learn Fundamental Analysis.

Without knowing the above tools, you are asking for problem unless you are god given type of investor.

Invest wisely and don't believe anything you read in the forum and especially this NoManLand.

p/s: don't screw other for your failure. he he

Just updated the charts.

http://klse.i3investor.com/blogs/tosell2/80884.jsp

@bilis, I am 100% done buying. just broke my bank. he he.

Anyone want to "donate" so I can happily buy again? I think I should call the apex for some "donation"

Promise, this is the last effiing. No more effing.

Will update the chart later around 700pm

p/s: big shark seems to use P&F for the bull and bear trap. And not many people know of how to use the P&F.

@Bilis, if knm close at 0.545, this is good. Green on P&F and maintain x columns.

did you all know, with these kind of drop, how many investors are collecting good stock and laughing? (I am not referring to ifcamsc)

Devalued Yuan is good for the market, overall. Fed needs to postpone rate hike till end of 2015.

Do you know, how many listed company generate income in USD from oversea? Stupid Example: KNM, Sumatec.

Remember, Newton 3rd Law.

Additional better reason

Malaysia, she is having a bad period. We can't eff her, if not she will torpedo the tampon. Wait for green light then you know what to do. He he

Nomanland, you are another nut case in the making.

@Bilis, for now, I am off effing around instead sitting in front of pc to watch the stock market. Waiting for next round. In the meantime, I am loving the drop in the share market. Just love it. Will get in later.

Come on, drop more. I think I can die smiling. He He

"Gamblers will sell, pokai investors will hold and rich investors will buy later, "idiot" investors will ask whether to buy or to sell."

0.05 cents he he

@saifol, GDP becomes not important to me.

Zeti announcement is about the current events which is more important. Whether she is going to say a effing thing about it or not. If she is for the people, market will turn incredible hulk. If not, possible of break down 1600 lower till kingdom comes, and we need a lots of tampon to stop the bleeding.

All the best to the people of Malaysia, where everyone get effed for free.

Cheers up.

@Bilis, knm was an effing bull trap. Trapped by my own miscalculation. Well, life still need to go on.

ozzie75, right now, with all counters in the market, low priced. I am waiting for 1600 to break down before stepping into the land mine.

Just in case, coming Thursday,
BNM good news, not a donation, lower interest rate
BNM bad news, ....... go figure it out.

I love panic sellers.

@Bilis, just let the market crash and drop 1 more time. At least I can buy cheaper at the lower end until my lower back end burn. he he.

Still never worry about anything yet.

Cheers up.

Buy!!! I will just wait it out and miss a few cents.

If today is the reversal, the target price 4th wave height = 3rd wave height x 0.382
1.28-0.79 x 0.382= 0.49 x 0.382 = 0.18718

Target price = 0.79 +0.18718 = 0.97718 or 0.977

IF Today is not a reversal, the teddy bear is wearing two ice cream cone pretending to be a bull.

Current market direction, hell.

Never ever believe this Nomanland. I love Amsterdam.

Good, hitting the USD/MYR RM4++. Sumatec is earning USD if I am not mistaken.

@HalimIsBack,

My average Main 0.545 at 900 lots, WB 0.27 at 700 lots. I am not worried. I just let it be for a long term. That's it.

My target average is 0.30 near future once it touches around 0.12 or 0.13, I will buy more if and only if.

Am I going to sell it? NO, and I will if I need the money for emergency purpose such as heart attack, or wife nagging the hell out me. ;) hehe

I am progressively buying Sumatec to reduce the average will investing on other counters.

Investment, not gambling.

All the best to you.

p/s: please don't post message with lots of empty lines between sentences. It is hard to read.

good closing 0.565 with high volume, he he

Acknowledge... 1st time using it.

bilis, knm, did a keying some value and seeing reversal, price+volume as of current 1st half. Hope 2nd half close at 0.550+ . If it does, good.

"same here....... FriAug14" ?

SumaPariah, P&F seeing double bottom with 1, 3, 5 reversal

@bilis, back to old school on P&F. Very interesting on some of the charts. Burning night oil since last weekend, trying to find bullish and bearish reversal.

@bilis, are you familiar with "point and figure chart"? Old tech analysis which I used in 90s

@bilis, is 28bilisbilis can use?

pump and dump scenario.

@derrickinvestor, I knew that. He/She has to learn to accept it. This is life. Nothing in this world is easy when comes to "short cut" unless accepting huge "donation" from someone. ;)

Despite Global Glut, Oil Rises from Its Recent Lows

Cushing supplies fall, while China crude imports rise
By NICOLE FRIEDMAN And GEORGI KANTCHEV
Updated Aug. 10, 2015 11:25 a.m. ET
2 COMMENTS
NEW YORK—U.S. oil prices rose from multi-month lows Monday as signs of strong oil demand outweighed concerns about the global glut of crude.

Light, sweet crude for September delivery rose 68 cents, or 1.6%, to $44.55 a barrel on the New York Mercantile Exchange.

Brent, the global benchmark, rose $1.01, or 2.1%, to $49.62 a barrel on ICE Futures Europe.

Prices have slumped to four-month lows in recent weeks on growing concerns that the global oversupply of crude oil is set to persist through the end of the year, due to continued high production.

“After six weeks of seemingly relentless selling, crude oil and refined products are attempting a rally this morning,” said TAC Energy in a note.

Data provider Genscape Inc. told clients Monday that supplies in the key storage hub of Cushing, Okla., fell slightly between July 31 and Aug. 7, according to a broker. Concerns that Cushing would run out of space to store oil weighed on prices earlier in the year, and shrinking Cushing stockpiles in recent months have helped support prices.

Investors also eyed economic data from China, which reported that crude oil imports year-to-date are up 10.4% at 194 million tons. However, analysts said the uptick was because China was taking advantage of the low prices.

http://www.wsj.com/articles/nymex-oil-futures-hit-lowest-level-since-march-1439172089

@HalimIsBack, while you are so free and waiting for the price to go up, learn Technical Analysis and Fundamental Analysis. And use your brain to think.

@HalimIsBack, I know a few in i3 forumer have high average price range of 0.25, 0.37 0.43, 0.54, 0.62. my average price is 0.v vi v. He he. Still hanging there and never had to worried about it.

Be happy and cheer up. Most important enjoy your life even share market crash.

Remember Newton 3rd law.

Have a good evening and relax.

@HalimIsBack
"Really sad. Loss a lot money. Anyone can help me. Try to cry"

Just ignore the "paper loss" and wait it out for the next 3 to 6 months. Considered it as medium to long term investment.

Don't let these stupid "paper loss" or lower price share affect your life.

My average price is damn high and possible higher that yours.

You are not alone.

WARREN BUFFETT: It’s going to be ‘very tough’ for the Fed to raise rates in September

Warren Buffett doesn’t think a rate hike from the Federal Reserve in September is guaranteed.

After the July jobs report on Friday, economists’ expectations that the Fed will raise interest rates next month increased.

The US economy added a healthy 215,000 jobs, the June data was revised upwards, and the unemployment rate held steady at a seven-year low of 5.3%. Many economists saw this as a sign that the Fed saw “some further improvement” in the labor market, just like it had wished for in its last policy statement.

In an interview on CNBC Monday morning, Buffett said it will be tough for the Fed to raise rates when foreign central banks are keeping rates low to stimulate their economies.

“It may very well happen [in September], but I don’t think it’s an easy decision when rates are considerably lower in Europe, and you may be affecting imports and exports,” he said.

It’s not just Europe. As we highlighted over the weekend, some economists including Goldman Sachs’ David Kostin say economic weakness in China may once again postpone the first rate hike in a decade.

http://www.businessinsider.my/warren-buffett-on-fed-interest-rate-hike-2015-8/

Removing Iran sanctions to take 6-9 months: US Treasury
....
"Only if Iran fulfills the necessary nuclear conditions [of the nuclear deal]...will the U.S. lift sanctions. We expect that to take at least six to nine months," he explained in an official statement. The International Atomic Energy Agency (IAEA) must verify compliance, and then phased sanctions relief will come into effect, the statement said.
....
http://www.worldbulletin.net/world/162872/removing-iran-sanctions-to-take-6-9-months-us-treasury