Posted by simon84 > 2015-01-03 09:41 | Report Abuse

Dow Jones yesterday opening up around 120 points but pullback after weak US ISM report and hit as low as 17731 .

Accordingly to my previously post that Dow Jones is showing reversal sign and may fall to hit 2nd support at 17350 follow by 3rd support 17030 .

We may see next week KLCI to break below 1730.

Dow Jones Chart :https://www.facebook.com/536182926525672/photos/a.536202076523757.1073741828.536182926525672/583684301775534/?type=1&theater

KLCI Chart
https://www.facebook.com/pages/Gila-Saham/536182926525672?ref=hl

Disclaimed :This is not a buy or sell call but just for ''Reference Only ''.Gila Saham is not responsible for any lost or misinformation and trade at your own risk

Posted by rchi > 2015-01-03 12:25 | Report Abuse

ringgit broke thru 3.5 to USD1.0 on first trading day of 2015.
http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=MYR

wti crude settled at USD52.64,the lowest in 5 yrs.
http://www.investing.com/commodities/crude-oil-streaming-chart

Another selling wave is building up.

Posted by calvintaneng > 2015-01-03 12:36 | Report Abuse

Lessons From Crashing Oil Prices & Crashing Ringgit

Oil & Ringgit Price Crash Will

1) Hammer All Oil & Gas Counters

2) Hammer All Oil Related Commodities Like Oil Palm (Biodesil) rubber (synthetic rubber)

3) Hit Malaysian Govt Coffers - Leading to Less Money For Development Expenditures

4) Hit Malaysian Banks

5) Hit High End Real Estates.

Who Will Benefit?

1) Malaysian Factories That Use A Lot Of Oil & Oil Related Commodities! Many will save lots of money

2) Those that involve Logistics. Land, sea & air transport.

3) ESPECIALLY THOSE THAT EXPORT TO USA OR HAVE PROFITS FROM OVERSEAS INVESTMENTS. THE WEAKER THE RINGGIT THE HIGHER THE CONVERTED PROFITS!

4) TOURISM!

MANY PEOPLE, ESPECIALLY THOSE FROM NEIGHBOURING SINGAPORE, THAILAND & BRUNEI WILL FLOCK TO MALAYSIA IN DROVES! Which States Will Prosper? Sabah, Sarawak, Kedah, Penang & ESPECIALLY JOHOR AND ISKANDAR!

Found Any Good Stocks?

Posted by rchi > 2015-01-03 12:56 | Report Abuse

calvin,what is your best shot?
I may consider it.

Posted by calvintaneng > 2015-01-03 13:03 |

Post removed.Why?

Posted by simon84 > 2015-01-03 13:15 | Report Abuse

@rchi and calvin welcome to this discussion .
Start from next week we may see some game on Dow Jones and KLCI .
Im expecting Dow Jones will fall until certain level and rebound when ECB was preparing for more action added to expectations that it will step in soon.The next meeting on 22 Jan .

Any cheap price may start collect for 22nd Jan onwards.

Posted by rchi > 2015-01-03 13:26 | Report Abuse

calvin,noted n tq...wish you make heaps too.

simon84,i agree with ur timing..we shud monitor ECB closely...however,Japanese QE does nothing to global mkts n neither did China lowering interest rate.Furthermore Fed may raise interest rate sooner rather than later.Locally foreigners sold RM50 mil of stocks on friday.
So we hv to weigh the pros and cons carefully.

Posted by simon84 > 2015-01-03 13:30 | Report Abuse

@rchi..Dow Jones will not crash directly.It will take sometimes to reach 16000 level or even lower . I trade Dow Jones and KLCI future my aim either Long Or Short only..keke

Posted by rchi > 2015-01-03 13:33 | Report Abuse

simon,i too see a slow drop la,not one as drastic as in dec 2014.
May take up to 3 or 6 months to clear all foreign bears.
Wish you make tons of $$.

Posted by simon84 > 2015-01-03 13:35 | Report Abuse

Ya...i had drawn my chart and expecting Dow JOnes will fall till 17350 level and depend how long it takes to reach it level before 22nd Jan ECB meeting.

Posted by jocky99 > 2015-01-04 10:12 | Report Abuse

German seem disagree ecb launch QE...
22nd jan ECB will give us good news? Haha

Posted by AzmiMerican > 2015-01-04 10:55 | Report Abuse

Simon I tengok u rely on charts a lot, tapi underlying the charts what r the reasons you think DJI will rise after EU QE??

Becos buat saya kalau ECB but QE, DJI first reaction mungkin naik... tapi almost immediately after EURO dah jatuh.. DJI will fall cos semua funds dari US will go into the EU...

Posted by simon84 > 2015-01-04 11:53 | Report Abuse

Ya.. That why I'm saying we need to monitor closely if euro step in and see what is the reaction. We need to prepare every possibility. as a trader we shall do this.

Posted by simon84 > 2015-01-04 11:56 | Report Abuse

Dow Jones wont fall directly but it will fall wave by wave ..

Posted by AzmiMerican > 2015-01-04 19:55 | Report Abuse

Ya.. simon, u punya charts say may fall in bulan ini, tapi what are the causes it will fall???

Posted by simon84 > 2015-01-05 09:19 | Report Abuse

KLCI opening green...10 min later become red..
Game On..

Posted by MainKecik > 2015-01-05 09:29 | Report Abuse

Go go go power rangers.. .

Posted by simon84 > 2015-01-05 09:30 | Report Abuse

DJ will cont falling these few days ..more downside is coming..

Posted by jocky99 > 2015-01-05 09:30 | Report Abuse

same style like dow jone on friday night, up 1st then down later

Posted by simon84 > 2015-01-05 09:31 | Report Abuse

When DJ will falling ..KLCI lagi tak payah cakap..

Posted by simon84 > 2015-01-05 09:33 | Report Abuse

now 1736. 6 more points to touch the support at 1730 ..Once broken..haha more show ...

Posted by AzmiMerican > 2015-01-05 09:37 | Report Abuse

Kalau DJI drop macam u punya charts say... masa datang I ikut je charts tak tanya tanya lagi why? why? why?

Let see...

Posted by jocky99 > 2015-01-05 09:37 | Report Abuse

today seem possible to break 1730 haha

Posted by dragonking > 2015-01-05 09:41 | Report Abuse

go go power rangers

Posted by simon84 > 2015-01-05 09:43 | Report Abuse

US future this morning touched 17715 and oil future USD52.14 once opening.This show more weakness this week..

Posted by jocky99 > 2015-01-05 09:47 | Report Abuse

how about klci?

Posted by simon84 > 2015-01-05 09:50 | Report Abuse

KLCI for my personal view today will downside may limited .Mean will hold above 1730 but will resume falling by next day..

Posted by jocky99 > 2015-01-05 10:04 | Report Abuse

haha lets see how klci going to defend

Posted by simon84 > 2015-01-05 10:13 | Report Abuse

For your info Oil Future just break USD52....

Posted by rchi > 2015-01-05 10:37 | Report Abuse

simon,your timing is perfect....great job!

Posted by simon84 > 2015-01-05 10:41 | Report Abuse

Thanks rchi.. My strategy are combination of TA(80%) and FA(20%)

Posted by simon84 > 2015-01-05 11:00 | Report Abuse

Oil new low 51.40

Posted by VinM > 2015-01-05 11:12 | Report Abuse

Hi. Your strategy Ta & fa? what it means?

Posted by ericsoh > 2015-01-05 11:21 | Report Abuse

simon 84 u predict klci will fall down to??

Posted by ericsoh > 2015-01-05 11:23 | Report Abuse

base on record when currency increase .10 index will fall down 100-to 150 now is 3.54 is to 3.6 will down 100 points

Posted by simon84 > 2015-01-05 14:50 | Report Abuse

This week market will volatile.. Standby for any great movement ..:)

Posted by simon84 > 2015-01-05 15:00 | Report Abuse

NIce show to see start from now...Game On..

Posted by godbless88 > 2015-01-05 15:15 | Report Abuse

and so, the game begins.

Posted by simon84 > 2015-01-05 15:15 | Report Abuse

have a coffee first ..

Posted by simon84 > 2015-01-05 17:10 | Report Abuse

KLCI today close at 1736 (-16) .6 more poinst above the S1:1730 support .Once 1730 breakdown then will test 1670 .

Posted by rchi > 2015-01-05 17:15 | Report Abuse

simon, i think we will see 1715 level first this week..:)

Posted by simon84 > 2015-01-05 17:18 | Report Abuse

rchi..my prediction this week will break 1700.This week US market will be volatile..

Posted by simon84 > 2015-01-05 20:31 | Report Abuse

Oil make another new low at USD51.14

Posted by KAQ4468xxx > 2015-01-05 21:01 | Report Abuse

Kasi rest another 3-4 months lorrrr......sideways....

Posted by simon84 > 2015-01-05 21:02 | Report Abuse

hi KAQ. lama tak jumpa ya.. :)

Posted by jocky99 > 2015-01-05 21:03 | Report Abuse

next support for oil usd 50? haha

Posted by simon84 > 2015-01-05 21:04 | Report Abuse

Oil just hit USD51.. tomorrow KLCI will break 1730

Posted by jocky99 > 2015-01-05 21:09 | Report Abuse

simon short fkli or put warrant this time?

Posted by simon84 > 2015-01-05 21:12 | Report Abuse

i short fkli and also put warrant

Posted by region > 2015-01-05 21:21 | Report Abuse

if break 50 dollar oil, we can see market to started panic and sell down.