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connie...since it violated d EW rules....an alternate wave count is required:(:(:( it hv now completed d waveA of corrective major Wave2...am expecting it to be unfolding d impulsive waveB (a 3 wave structure) now. :):):) It shld scale higher than d previous high at 1727.41 on 19/10 to form a 'flat' or a 'running flat'.Later it might goes into a complex corrections :(:(:(
mslee81...d index is made up of 30 index linked stocks...not jst 1 stock(BAT) lor. D waveB will hv a 5-3-5 structures....only after seeing d first 5 waves(i) then u will c down waves(ii) :(:(:(
mind me to add? for klci loa sai is hardly happen unless big scandal datang...but dont expect sudden jump upleg before focm la hawk...big jump i expect after hike rate later keke...depend reaction
so i think slow slow movement for klci..i see it might be 1620 max bottom cant drop further...if oil i mention support is found, i expect upleg happen. like previous history happen last year when oil opec mention no cut production oil loa sai 3-4 days drop 8usd then sudden fly back above 45usd
we try implement on current market. i expect rebound of oil if 37usd not break it will fly above 42usd
within this two days if oil can support is then ok, while if fail to do so oil hit 35usd i expect rebound is limited as below 40usd..just hope oil support currently found at 37usd then upleg for market should be rally xmas soon.
this week is important for oil price thus this will reflect the index rally on after focm coming week later on.
hi sifu yong,wth iran preparing to flood oil mkt wth 1 million barrels on top of the 2 million barrels excess daily i hv to agree wth ur oil outlook. so wth oil say at usd 30.00 where do u expect klci to be? good nite.
'No boos, just applause for Najib's speech' Kow Gah Chie Published 9 Dec 2015, 12:22 am Updated 9 Dec 2015, 1:10 am 44 comments https://www.malaysiakini.com/news/322667 ------------------------------------------------------
KLCI : Dummy way of reading the market-- next 3 days index will do a bullish reversal from from bottom 1648 to 1664 to 1672 to 1677.... follow by a 1730 peak around the xmas/year end....
World oil price need NOT affect Malaysian oil prices....when world prices is up, our petrol & oil prices is IMMEDIATELY up (raised). when the price is down (broke 100 LAST JULY to now 37!!!!) for the LAST 16 mths OUR OIL PRICES IS STILL UP!!!!
We Malaysian are BLIND to world prices...... ipso facto...when prices can be "engineered" by the authority....Stock prices will be up when the world is down!!!
basing on the current oil price near 37.00 (say Dec contract price at 45.00 on average)the pump price shall be RM1.45000 BUT NOW our pump price is at 1.95000 mah ... hihihi, We are subsidising 0.5000 per litre lor... hahah
Good morning. Many thanks for yr views on the macro economic outlook. Now seem to hv two schools of thoughts, positive versus negative !! Wud appreciate if u cud give yr views on the global mkts outlook upon rate hike if any.
U really are one who goes to the extent n excel in a lot of charitable works n enjoy doing them. Not easy to find a guy like u . SALUTE !!
Good morning. Do not fear. Mkt is always there n we all will lots of opportunities to reap n harvest gains frm bad boy Bursa !! Juz think positive !! Wish u all the best in yr endeavours !!
mornin connie tsy n buddies..oil pr hovering at yr low plus palm oil unexpected inventory build up will put pressure on mkt...if klci cannot sustain above 1650 brace for further downside...btw spore index is only slightly above its oct low n klci is 150 pts above oct low of 1503. be prepared !!
good morning...2bits..please look at the 2 yrs LINE chart.u may have a different views...tq. klci...m feeling uneasy after 1656 support was defeated n now its getting close to the next crucial at 1644.It is possible it is now within abc correction phase after hitting high at 1727[Wave A(1504-1727) with a tp at 1620. Below is my preferred count for the corrective wave from 1727: Wave a corrective=1727-1658 Wave b corrective=1658-1696 Wave c currently in process..wave i downleg=1696-1644..ii upleg=1644-1689...iii downleg=1689-present possible targeting minimum objective at 1620 which wud complete major Wave B b4 Wave C(upleg) begins to develop,the tp of which wud be known depending on where Wave B ends,hopefully at 1620.
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....
Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/