tsy..I wonder how much money they paid the media..hehe!

tsy..u sent me a message that u heard from tv7 that bursa is in the bull trend 2 days b4 the CI started to decline!!!

Connie..there were multiple ABC within the major Wave 3 since 2011.

Connie..they r juz playing among themselves..thats y we c FF coming in to buy n sell also.We r the victims.

Connie..Wud genuine FFs support our bursa at this time..another 40 bil wud not help much..may as well used the money to support Malaysian bonds when FF starts to unload our bonds again.

connie/2bits..dont juz look at the 20 bil..look at the global markets esp China n to a lesser extent at US mkt.

connie/2bits...which is valid scenario 1 or 2 posted by connie..I stick to 1 as I believe major wave 4 downleg is in process on the long term chart.An ABC correction is most commonly seen when it is in major or minor wave 2 but may not be applicable in major wave 4 which is currently within the major downtrend after Major 3 was completed at 1896.An ABC which develops within the major bull trend wud not be the same as within the major downtrend which is currently seen.
Anyhow,i expect 1567 will be a strong support point to hold for wave 4 of Major 4 to develop if CI closes below 1610 from now b4 wave 5 starts to unfold for test below 1500 which may come after November 2015.

Good morning...klci...it appears more likely that the upleg from 1504 is a major wave 4 n not a major uptrend of large degree on the long term chart.The short term crucial point remains at 1614(clsg) which if breached wud confirm that it (wave4 or wave A of 4)has completed its upward course at 1691.However,I don't expect to c CI breaking below 1614 so soon as I expect to c 1618-22 area to form a temporary support base over the short med term for a moderate tr juz below 1656 b4 it continues its southbound journey to complete its wave B downleg which I believe it is in process currently from 1691.So,over the v short term,I strongly believe that we shud c a tr from 1618-22 area.good luck.

2bits..talk to u after lunch...have to leave home now.

2bits..wave 1 of major corrective ended at 1660 n wave 2 downleg ended at 1567(also a crucial sup) wave 3(I,ii iii etc) started from 1567.
n as for AA its in wave i of 5(ended today as expected 1.42 my 1st tp)) n current is ii which shud c sup at 1.34 to hold for wave iii upleg to develop.

2bits..wave iii(3) an explosive upleg after 20 bil was announced if not,it cud have stopped at 1645 after no change in US int rate n by now it shud be under 1600 if not for the 20 bil announcement.

2bits...I(3) ends at 1614..ii(3) ends at 1600..iii(3) ends at 1691..current is iv(3)..expecting 1630 to hold if not 1621..thats y my expected crucial closing pt is 1614(wave I top)

2bits..yeah n they r going to share the golden routes.

Swee...I prefer the capati from penang..can hardly find a bangla restaurant in HK.Can only get it from Indian restaurant.Its 1 ringgit per piece(incl curry n raddish) in penang but in HK its hk$8 pp without extras.

CI med long term outlook>>>as said b4,the upleg from 1567 is wave 4(within the major downtrend) n u shud be prepared to witness an irregular pattern ie u may not c a 5 waves sequence to complete its upward course.

Good morning...klci..the downleg from 1691 can be classified as iv of wave 3 within Major C which started from 1567,is in process.Strictly from the daily chart,the crucial closing pt is at 1614.There is an important pt to watch from now which is 1630 n I expect it to hold as support n mark the completion of the corrective iv(3) which started from 1691 b4 the v(3) starts to develop with a new high.good luck.

Connie..we haven't seen the worst yet after 916...as next GE comes u c more problems...good decision counting sheeps in NZ.

Connie..gomen need another 40 bil for other purposes..putting bursa in one basket is v risky..gomen's moto...I buy u buy..i sell u don't sell.C who r the lucky ones.

Duit..yr hg is doing fine..up from 0.24,now,0.30.congrats!!

rchi..yes u r rite not the best time to accumulate..there r some pips to make if u had bot n held on till today..

hope some of u held on to yr Hs last Friday.U shud not add at current levels.If u r willing to take a medium term hold,buy on the next dips/new lows.

2bits..look back from july 2014 to april 2015 it has the similar irregularity with wave 1 extension..the new major downleg from 1867 also has an irregular formation.Hence wave 4 cud be irregular too.."forgive me Mr Elliott"

2bits..u can forget about the trend-lines..i started with it in 1982 n gave it all up after I followed ew.

2bits..the the count from 1567 is wave 4 irregular one..the top shud be at 1723.This(irregular) is not the 1st time we c in Bursa n without the 20 bil announced by ajib,it cud have gone below 1567(without a new low) b4 going up to develop Wave C of Wave 4 which is currently seen.I wish I knew ajib wud call for 20 bil support earlier.

AA..it shud be seen supported at 1.22 from now..my 1st tp-1.42 n 2nd tp -1.69 shud be seen over the short-med term.

Good morning...klci..short term outlook...there is a shortage of one upleg from the count which started from 1600(after ajib's announced 20 bil support) n the recent top at 1691 res shud be overlapped but now today as we have to c if 1656 sup could hold for next upleg to process.Apparently,it is now trading within wave 4,after wave 3 ended at 1691,which shud not be completed below 1634.

Med term outlook:as said abv,there shud be one more upleg to be seen completed at minimum tp at 1723.Its a buy on pullback n it shud not go below 1634,not b4 budget day(oct 23,2015).

Connie..this piece of news comes from my nephew.

Connie.. Good evening..juz concentrate on AA..its deal with MAS may be going thru soon n AA is keen this time as MAS has already gone thru its restructuring n redundancy process.Both CEOs r v close buddies.

Connie..as mentioned earlier it shud test 1656-1660 area for current downleg..I don't think it shud go below 1656 yet unless those sharks start taking their profits.

M outside having tea..sori..juz happened to recall AA chart reading..

Connie..Hope local FF not ready to dispose yet..ajib's economic team,many of them r sharks..its rather unusual for a gomen to throw in billions $$ to shore up the stock mkt n later pass the baby to us.

Connie...minimum tp 1.42..with or without sp announcement... Something is going on between them n MAS!!U will never know it might shoot up like rchi's rocket if it is true...that's from my nephew's info..

2bits..m still a big long term bear!!!talk to u on Monday..u have a wonderful weekend!!

2bits...dow is seen with temporary support at 16000,60-40 pct chance it will juz hit 17200 1st b4 going down again within the major bear trend.

2bits...I knew whats was on hawk's mind..u c the upleg from 1504 ended at 1567..we agreed to that..when CI was trading at 1600 n abv I strongly opposed to anybody calling for a buy ahead of uncertainties of global mkts,fomc etc..n for Bursa,i still don't believe genuine investors to come in to invest for long term.Recent flows of FF r locally made.

Connie...4th of wave iii in process,a downleg.

Connie..m looking at the same angle..what I meant was iv of wave iii.

those who bot TM c-4(6 sen) n Tenaga c-19(0.45) a few weeks ago..take a longer view..trend is still up.

Connie...take a look at the short term waves from 1567..is it possible that wave iii ends at 1691 n current leg shud be a downleg,a wave iv.

Connie...good morning!!

Connie...there is a possibility that CI wud hit 1656-1660 area during the 1st half of next week b4 up..lets c.

Duit..buy on rum n sell on fac ...no hike is expected by many analysts.. Stay with puts wud be a better strategy for short term....good morning!!

Connie yes..one thing I must warn u all..as CI is seen traded abv 1700,u have to be a bit careful becos m afraid u all might be carrying their baby when they start taking profit.Unless genuine FF r in to buy,which I don't think its possible at this time of the year,u shud trade with a tight SL.

Seahorse...yes ..m fine n my families too.Will be here for quite some time.

Connie..Air Asia..heard from my nephew in HK..Some good news is expected to be announced soon on their new venture/partnership with MAS.From my chart reading,it shud be able to move into the next crucial area within 1.40-1.50.

Buddies...CI is still within the major downtrend cycle..on the long term outlook,the count from 1896 to 1504 is juz a completion of Major A in 5 major sequence within the downtrend cycle n currently its in Major B,an upleg n it shud be within the trading range of 1625-1730..where wud I go wrong..a break/close abv 1748 from now my preferred count of the Major C,a downleg,to develop after B has finished,wud be invalid.
Lets look at the short-med term...there is a possibility that the next upleg cud start from 1660 n current outlook on CI,it appears to have lost steam to break abv 1700 n a minor correction on the downside from now is expected n it may hold above 1660 for the next upleg to test abv 1700.If 1660 gives way from now,will have to recount.

Happy Malaysia Day!!shocking economic measures ..using billions of rgt to shore up Bursa by our great gomen!!talk to u on Monday.

Jamie..wave 1 upleg of 1st stage ended at 0.21...this is the crucial point from now.Lets say,the whole course of current upleg ends at 0.28 then we have to c where wave 1 of 2nd stage ends b4 I can conclude for the next tp??

ashtray..i think current area 1.27-29 shud be toppish based on 1.618 of wave I..any retracement on the downside seen from now it shud be supported at 1.17.I wont accumulate at current level.Hopefully AA wud continue to hold up abv 1.02 over the med term for the next major upwaves to develop for 2.00.

Jamie...as expected,if any sign of a new upwaves to be seen will be from 0.18..its now at 1st stage of a new uptrend towards 0.28-30 area.