Index overvalued with current market. I suspect the bull market is over because once Fed confirm mid Dec, stock will slowly dive and head for recession. This is in line with 8yrs collapse theory
Where got recession..next year is implementation of RMK 9...plus govt increase salary ..x be surprise market will even break 1770 before Chinese New Year
Dollar is again softening this afternoon which will see MYR to retest 4.18 ...can't hardly wait to see MYR to break 4.10 n 4.00 after so long above 4..
Tenat?..That's wrong. Its actually ACCUMULATION PROCESS FOR NEXT STEP..See DJIA is making come back....Definitely FBMKLCI will push thru this time...like I am always said '1688' & '1696' & '1708' and last but not least the MAGIC WILL FALL WITHIN THIS 1671.82 - 1757.68....
Its not how it is being done but IT IS THE ABILITY TO MAKE COME BACK N FIGHT TO STAY AFLOAT n SURVIVE WITHIN THIS VOLATILE FINANCIAL MARKET ERA. Bursa Malaysia FBMKLCI will definitely stay above 1670 despite it was broken last Friday. However, on average it is just -0.07 less that critical support level. That why we need to see next Monday whether it will push thru harder to beyond 1688 or not.
All the best and hope is always the best human choice.
About FOMC MEETING..its already factored in. Market won't care anymore. That's why I'm positive about our market. Furthermore the what so call interest rate is just 0.25 which is nothing actually. Its just exaggerate to make it as reason to sell off.
Let's go back to previous data. The market was actually scared in Aug n took badly n overdone with almost 1,000 points loss at DJIA n 200 points for Bursa. While this time, we can see the DJIA was actually prepared itself last time to correct from 17900 to 17400 and yesterday make come back almost to where its started. Same goes with us. Bursa had make come back from 1503 to 1727 and corrected to 1595 n it was bounce to 1686 which now 1 million question mark after DJIA successfully making come back, will Bursa finally create new records exceeding that 1686 within 1688-1699 because the reluctance its to test 1666 with its relisient support last Friday?.
The FBMKLCI should be able to overcome that 1686 barrier because who want to sacrifisevits bonuses in March...:)
Oil n gas, u will reap your profits next year...x worry so much ..it wont fall to USD 20 ..in fact it will rise to USD 45-55 within next 1-3 years...world population is growing despite all the hooha with China itself increase its child policy. Unless u enter when it was USD 75-90 then penat sikit lah...
Hari ni tikam awai...hopefully ...FBMKLCI n FKLI will follow DJIA..it should follow la...+15 points at least...baru meriah...therefore..1677-1688..it should be within this two instead of 1655-1666...
sorry a bit bz with personal matters today..not observed today behaviour..but..i would say..its really CHICKY..main tgh tgh for FKLI..ini banyak bahaya ni..boleh naik banyak..n boleh turun banyak juga...thats what i can say...so i x berani take risk..first time x berani ..hahaahahah...pasal not worth to take risk..
pasal my favourite Govin NST pun takut..itu The Star pun chicken out..so..better aku menyorok di sebalik tabir dulu..pasal aku bukan EPF PNB..hahaahahah..
no doubt my year end target is 1722-1729 but...dah dua kali dah FKLI buat perangai bila sampai angka keramat '6'..hari tu 1686 mcm ni jugak..turun sampai 1650..now 1676 FKLI DEC..still dok terhegeh hegeh on upper side...kena sekali terlong..but suddenly ada bad things happened..mau merudum pulak p 1646..kes naya...naik tak pa..so my conclusion..baik aku tunggu untuk this Muhyiddin anak Pak Yassin malam ni..n itu Najib anak Razak...apa depa dua ekoq ni nak buat..nak bergomoi ka..nak bercium ka.nak apa...ahahahaah
bodoh jugak menteri ni..lain orang nasihat lain hang buat ..ini masalah orang benci UMNO..which is pasai ni lah..aku yg dulu suka umno jadi menyampah pasal ni...mulut menteri macam longkang..
Hahahaha...tgh dok belek data...x berani nak kata, yg paling scary is mlm ni kat kelab sultan sulaiman...that's will give more headache for tomorrow n plus market tgh bulan memang mcm kita jugaklah bila tgh bulan poket pun kosong, hehehe
Hmm...looks like THREE MAJOR HURDLES are in front of FBMKLCI & FKLI for tomorrow
1. Latest Muhyiddin who ask Najib to take leave. 2. Crude oil price looks like not climb back to USD 40 (NYMEX) 3. DXY Index which is 0.50++ is quite high...
Therefore, perhaps with UMNO color is RED COLOR...definitely..these three will bring the RED COLOR to FBMKLCI n FKLI...furthermore DJIA is already red Pre Opening tonight...hmm..furthermore...last minute FKLI today around 5.10-5.15pm was actively pressured...looks like not surprise it will continue tomorrow at Pre Opening and Opening FKLI..
nah..im no longer interested with Malay Islam and Bumiputera agenda after being sued by this Malay Islam Bumiputera corporate bastard...i am more into FKLI and FBMKLCI...concentrate and focus in this trading better than focusing on that three stooges...:)
FKLI N FBMKLCI
Actually i am more into this 12-year cycle. I am making comparison between this Year graph and the 2003 Graph. It looks similar. Furthermore, this two years are within the Goat Year eventhough different type of Goat. But it is still 12-year cycle. I am not surprise when you said Maybank at 10 something but that one might happened during the transition between Goat to Monkey Year. or on end Monkey Year next year..which i am still not yet study for next year graph
So far, what i may conclude, the SIMILARITY PATTERN BETWEEN THE 2003 AND 2015 GRAPH IS THERE WHICH THE LAST PUSH WAS ACTUALLY HAPPENED WHEN IT WAS NEAR TO END OF GOAT YEAR. WHILE BEFORE THAT, TWO TIMES IT WAS HIT THE FINAL BOTTOM.
Therefore, if FBMKLCI follow the DJIA, we might see that 1644-1600 TO BE TESTED first BEFORE THE WINDOW DRESSING AND IT IS INTERESTING TO NOTE THAT THE OVERALL RALLY WAS ACTUALLY STARTED SINCE AUG 2003 AND FINISHED ABOUT SOMEWHERE IN MARCH 2004
Based on current situation, it looks like that...assuming Sarawak election to be call somewhere in mid march/early april....thats mean the last leg will be in Feb..thus any pullback is actually a GOOD BUY...:)
Looks like not only two factors clouding our crude price. Now , its three factors. :)
Anyway...will market test 1666 for cash today? and FKLI test 1650 again? I think market will be like this until FRESH LEAD. :)
The market will be within 1644-1677.
If we look at recent activities. 1686 FKLI drag until 1650. Then now 1676 drag until 1660 yesterday. So today? As usual, the similar trend will occur. Then first trading definitely follow the DJIA (Perhaps from 845-900am). It should be minus 10-12 point. The waiting for CASH as lead. whether it will drag down or spike up. By right CASH should spike down. But as usual, CASH might be the culprits if it just hang on there, then FKLI might change direction to upperside. :)
Tapi apa apa pun, in my opinion, CASH might test 1644 with 1646 or 1648 within this week instead of upper side 1677-1688. Because Muhyiddin latest remarks quite disturbing, crude price looks like not being able to hold on USD 40, MYR might retest RM 4.30-4.32 INSTEAD CREATING NEW RM 4.18-4.16 DUE TO DXY INDEX BEEN ABLE TO BREAK 98 AGAIN AND PERHAPS TO TEST 99
The strategy perhaps like this...16 & 17 Pensioner and Govt will get their salary. As usual, cash and credit line are ready...15&16 FOMC Meeting...therefore..pullback now will drag until 14 15 16 pun ok...then 16 & 17 push for window dressing...hahaahahah...
so logiclah..push after 16/12..because historically market had pushed 11-12 trading days...so alang alang bad news serata dunia n dalam negara..so we can expect market will drag down from today until 15/12
maybe form 14/12 start push? coz Tuan Apanama mentioned 11-12 trading days.. if start on 14/12 it will be exactly 12 days until 31/12..bcoz 24 & 25 is cuti cuti malaysia
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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....
apanama
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Posted by apanama > 2015-12-04 10:26 | Report Abuse
ic....entah entah u apa mr lim..hahaahaah...:)