Posted by iafx > 2013-10-24 12:02 | Report Abuse

totally agreed with jtfx on the technical part, ESPECIALLY the vol... good post!

Posted by JTFX > 2013-10-24 12:08 | Report Abuse

post budget, if everything is aligned positively, n dow/S&P making new highs, then we will hv the real SHS blast off..i am hanging on my longs for that..good luck to all...cheers

Posted by Qiii > 2013-10-24 12:10 | Report Abuse

@JTFX: Yeah. That's the next hurdle to cross.

Posted by Qiii > 2013-10-24 12:15 | Report Abuse

@twobits: First of all, I just had a glance at UEMS so pls take with a pinch of salt. UEMS is in the property sector. Frankly I am not bullish on this sector until policy decisions on stamp duty, RPGT, PR1MA are clearer. On the earnings front, they seem to be doing pretty. I recalled reading earlier about potential penalty for delay in KLIA2 construction and some suit by Bank Kerjasama Rakyat on a Bangunan Angkasaraya deal sold by Deepak to Sunrise earlier. On the plus side, EPF seems to be accumulating shares so that's probably the boost it needs.

Posted by Qiii > 2013-10-24 18:51 | Report Abuse

With a close above 1818 today, the break out is confirmed. We are now looking at support between 1809 - 1811.

Posted by hamPAS > 2013-10-25 09:21 | Report Abuse

yayyyy.. so what would be the next resistence level?

Posted by iafx > 2013-10-25 18:14 | Report Abuse

Fitch view on the budget: *TENGOK DULU* http://www.theedgemalaysia.com/business-news/260268-fitch-important-to-monitor-the-implementation-and-execution-of-budget-measures-over-time.html

Posted by JTFX > 2013-10-25 20:38 | Report Abuse

gua pikir mereka pun tau..cakap tak serupa bikin lah....

Posted by Qiii > 2013-10-25 20:48 | Report Abuse

KLCI was volatile today - taking a rest before the next move. It almost looked like a big contrarian play on the index today. Well the budget is quite positive apart from sentiments around GST.

We will see how the abolishment of sugar subsidy impact the consumer products sector. Reduction of personal tax and half month bonus of civil servants should boost the economy by a tiny bit. The policy on RPGT & DIBS should impact the developers for a couple of weeks before earning reports kick in. GST play will be the focus. HSBB2 may benefit some counters.

Posted by FreeThink > 2013-10-26 10:32 | Report Abuse

BLacKWoLf, pls stop spamming...dont make yourself no diff from semuk

Posted by Ooi Teik Bee > 2013-10-26 14:05 | Report Abuse

Posted by Ooi Teik Bee > Oct 25, 2013 09:15 PM | Report Abuse X

A loyal and good member will not run down the party. Only a traitor will do it.
Thank you.

Ans : I just cannot understand why anbz called me a racist because of my aforesaid posting.
To me, any political frog jumps party or any one who was not elected in an election, run down his party IRRESPECTIVE OF RACE, he is a traitor to the party. A good and loyal party member will not run down his party if he failed to be elected in any party election. I did not mention any race, I only quoted that person. Am I a racist ? Please judge yourself. I want to avoid get caught in this dispute.
Thank you.
Ooi

Posted by Qiii > 2013-10-26 15:18 | Report Abuse

Garang banyak suara garang,
Sampai terasa dalam berbisa;
Orang banyak perkara orang,
Berbagai bangsa bermacam bahasa.

Kera merebut cemara remuk,
Capai kedangsa kelat dan masam;
Negara disebut negara majmuk,
Berampai bangsa beradat resam.

Kayu cendana di tepi paya,
Di belah lima kapak berhulu;
Melayu Cina Punjabi India,
Telah bersama sejak dahulu.

Hujan banjir, kemarau parah,
Air melimpah di sungai jua;
Usahlah bicara kulit & sejarah,
Pandang ke depan, Bursa bersama.

Rangkap 1-3 Source:
http://mamasentimental.blogspot.com/2013/04/pantun-orang-kita.html)

Rangkap 4 Source:
Yours Truly

Posted by alexisvics > 2013-10-26 15:59 | Report Abuse

Bro Qiii,that's a good one. We should stop fighting among ourselves. Life goes on,look forward and remember,when going gets tough, the tough gets going.

Posted by Qiii > 2013-10-26 18:39 | Report Abuse

Alright bro.

Posted by CRossTRendTRader > 2013-10-27 23:48 | Report Abuse

KLCI has seen a good correction from 1800-1660 in july..( I have bought strongly into this selloff)..This corretion has shaken out the stale longs and set the stage for a much stronger and powerful rally to break the band of triple tops at 1805-1826. Global sentiment in the EU n US n china is now more positive..the KLCI will be very supported abv 1800..get ready for the Dec rally...

Posted by Qiii > 2013-10-28 09:53 | Report Abuse

Agree with twobits. Actually the market is already prepared for DIBS with Bank Negara's announcement a few months back. IMHO, PM is just adding more punch to it in case of compliance issues. As quoted by many developers commenting on the Budget, most foreigners are buying properties above RM 1mil anyway.

Posted by Qiii > 2013-10-28 09:54 | Report Abuse

Agree with CrossTrendTrader.

Posted by joseph hii > 2013-11-04 20:48 | Report Abuse

Ooi teik bee, may I know how can b u client?

Posted by Ooi Teik Bee > 2013-11-20 20:29 |

Post removed.Why?

Posted by Qiii > 2013-11-23 10:53 | Report Abuse

@twobits: If you look at the Weekly CI chart, you will notice that closing prices are well supported at the 1790 level. Candle-wise, last 4 weeks have seen bearishness with a surprising bull spike on 19 Nov due to local institutions according to the media. If the bear continues, we will see support at 1784, 1775 and 1760 levels. Otherwise if year end bullish sentiment returns, we will witness a retest of 1801, 1809 followed by 1822. IMHO, taper talk is hurting the index & local institutions are not shooting.