Small wave 1 almost on last correction mode! Once broken 1850 for 2nd time, the tsunami of Wave 3 will hit the shore! This is where the serious traders make their fortunes! Watchout!
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51 comment(s).Last comment by fortunebullz 2015-04-17 22:31
This week alone so many breakouts! Confirm that bullishness establishing and ready for furious upward momentum of Wave 3! Now, this is the phase that traders are waiting for! Get ready for extra fast cash! This week alone i made damn fat contra gains, hope many of you are in it too!
I strongly encourage you guys to take position in strong fundamental stocks! The momentum of Wave 3 will be very strong and fast! You may miss out big time if you hesitant!
Oil price going staylow next 2 years at least. Don't mislead ppl! All big investment house like Goldman Sachs, JP Morgan alredi written thousands pages to admit and conclude this!
According to Elliot the 3rd Wave, which represents the middle finger which is also the longest finger, is the most powerful of the 5 waves.
And these are the signs pointing to an upsurge soon.
1) US Dow up for whole of last 2 years while EM underperform.
2) Japan Nikkei Index all time High due to money printing by Abenomic.
3) Eurozone Also Rose to All Time High on Euro Qe by Dragi.
4) China up 100% in less than 2 years.
5) While Thailand, India, Philippines and Spore up 20% to 40% in dollar term KLSE has crashed more than 20% in US Dollar Term.
6) With the collapse of Ringgit against USD and Spore Dollars Malaysia is now the Most inexpensive stock market in EM. And it is also now Super Competative.
7) In USD Term the Klse index is only 1,600 points (although over 1,840 points) Expect KLSE to cross 2,000 points. Even at 2,000 points KLSE is still cheap relatively as Ringgit continues to weaken. So KLSE might power on to cross 2,200 points index.
8) The Coming 11MP is the Mother Plan of all 5 Year Master Plan because Only 5 more years away is Vision 2020 - The target set for Malaysia to be a Fully Developed Nation.
I have mentioned countless times early April that bursa will turn bullish! When hit 1850 for the first time i already knew how bullish it is! And yet not many believe! Only in wave 5 that so many will appear in i3 claiming to be sifus! And at wave 5 the greed is overwhelming and rational explanations will fall unto deaf ears! However, we are in the early stage of wave 3 the longest and the most powerful money maker! Take advantage or be leave out! The choice is yours!
Yup.... I still stick to my own analysis and I treat it as lifelong learning. End of 2015 I believe must learn something. May be I m too tikus so dare not to open position right now(feel uncertain/not confident).
For some reasons still party aggressively in certain counters. Pls pull me IN when you see Goldman start masuk BJCORP....
I still remembered that in 2008 every Tuesday Goldman will acquire BJCORP mother share so I would buy lower price on Friday/Monday and sell to Goldman on Tuesday for more than 4 months.....................
I missed the ATM machine so much.,. when GOLDMAN comes back must tell me ya...... Thanks Calvin bro...
So far I had already made some. Before the year of 2015 starts I already calculated the lost of 14% by
1) Ringgit down 8% against Renminbi (All China made goods up 8%)
2) 6% GST
So I think having Assets like Property or Shares are safer. To be in pure cash (especially ringgit} is the most dangerous thing to hold. The ringgit value erodes and evaporates right before my eyes! Oh boy!
Duit! It require complete understand of Mr Market to understand whether we are in bull or bear territory! I also got it wrong when bursa turn bearish back in October last year and the little cat beat me to it! In fact i thought bear market only start January this year! We keep learning and improve our understanding of Mr. Market! In stock market, you right if you make money and you are wrong if you lose money!
Duit! It require complete understand of Mr Market to understand whether we are in bull or bear territory! I also got it wrong when bursa turn bearish back in October last year and the little cat beat me to it! In fact i thought bear market only start January this year! We keep learning and improve our understanding of Mr. Market! In stock market, you right if you make money and you are wrong if you lose money!
WHEN FOREIGN FUND ARRIVES! IT WILL POWER UP BLUE CHIP AND SECOND LINERS! THE BATON WILL FINALLY PASS FROM ACE COUNTERS TO NEGLECTED BLUE CHIPS AND SECOND LINERS!
Duit! We should never make our own assumptions of Mr Market, let Mr Market tell us where it what to go! That is why i am correct most of the time but out of 10 assessment, 2 can be wrong! And in stock market we must be careful of the 2 wrongs! Always listen to Mr Market!
Almost a year ago i told everyone about the coming crash! And now me and Calvin already talking about breaking not only 1900 but the whole line hook and sinker at 2000! I am very sure about 1900 but 2000 is a whole new level of bullishness that we long forgotten! Come August, plenty of you who are talking bearish will only then glowing with irrational optimism! I rather be at the beginning than on the end! By the time late comers crowd bursa, then i will be announcing my usually crash prediction again! And again many will give my assessment with huge thumb down! I learn my mistake, this time i will just sit on sideline and enjoy late comers slaughtered!
I don't live in Malaysia. I live in Singapore. So I see things differently. The ringgit has crashed to One Sing Dollar to RM2.75 for the first time in history.
When I first arrived in Singapore (1974) Rm100 = S$103
Yes Ringgit was Stronger than Sing Dollar Then. After that Ringgit Just Gone Downhill.
Right Now All Singapore is going GaGa over cheap ringgit. Long lines at money changers. Many Money Changers Display signs like "RINGGIT NO MORE"
So people are Stocking Up Ringgit Enough For The Next 6 Months' Trip To Malaysia.
And So I Am Bullish!
I think All Foreign Funds Feel The Same Way. Malaysia is now on fire sale!
Johnny! I dont give weight on 11MP! But Malaysia do need to invest heavily on infrastructure for the next 5 years before crude oil become too expensive! Another gloom is the failure of water restructuring in Selangor which lead to water crisis in next 5 years! Connectivity between Singapore, Malaysia and Thailand is way overdue! Water crisis is another time bomb waiting to happen! And yes, next 5 years should be concentrated on heavy infrastructure development and bursa is there to enjoy the boom!
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MQ Trader 6305 views | 5 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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 fortunebullz > 2015-04-13 14:43 | Report Abuse
Small wave 1 almost on last correction mode! Once broken 1850 for 2nd time, the tsunami of Wave 3 will hit the shore! This is where the serious traders make their fortunes! Watchout!