Thursday, October 16, 2008
4:10 pm - Short this morning at 911 but finally cut at 912-914
After the gap, the FKLI shud go down but it didn't, so I know the short trade not working !
9:46 am - Another selldown day !
Unfortunately, the volatility is too high to carry overnite ! FKLI is testing weekly S1 at 908.
Wednesday, October 15, 2008
9:04 am - FKLI is set for lower closing today after lower closing by DJIA
LONG trade is stopped out. Think to go short !
Tuesday, October 14, 2008
9:38 am - DJIA has the biggest gain in 30 years history !
We are at the extreme of the market and no one has seen anything like this !
9:24 am - FKLI gap up due to DJIA +935 pts up !
FKLI is facing a resistance at 985/984. If it can break this resistance, we wud see higher FKLI.
Monday, October 13, 2008
4:51 pm - Market Outlook by Bill Wermine
Dear Traders & Investors,
The market consensus is overwealmingly bearish. Read the newspapers and see the doom and gloom, panic and fear. Emotions rather than logic are dominating the mood. The Economist magazine showed an investor swinmming on the top of the ocean and a giant shark waiting to eat him up. Is it so bad ? Is the market saying something about itself while the experts are preaching that the end of the world is near ? Remember bad news is good news for the media.
Martin and I held an investment talk Sunday to a crowd of over 60 investors. We asked the usual question. How many are bullish ? No one raised their hand. How many are bearish ? Almost everyone responded.
Looking at the KLSE chart tells a different story. Major monthly support is being tested and it is holding. Valuations are at 1997 panic levels so there is very small risk at this point. KLSE is up 15 points today. Accumulate quality issues at this level.
We are holding a market talk next Saturday at CIMB Auditorium to share the curent market outlook/ opportunities and why we are in this financial mess. Details/map are below with map attached.
The market consensus is overwealmingly bearish. Read the newspapers and see the doom and gloom, panic and fear. Emotions rather than logic are dominating the mood. The Economist magazine showed an investor swinmming on the top of the ocean and a giant shark waiting to eat him up. Is it so bad ? Is the market saying something about itself while the experts are preaching that the end of the world is near ? Remember bad news is good news for the media.
Martin and I held an investment talk Sunday to a crowd of over 60 investors. We asked the usual question. How many are bullish ? No one raised their hand. How many are bearish ? Almost everyone responded.
Looking at the KLSE chart tells a different story. Major monthly support is being tested and it is holding. Valuations are at 1997 panic levels so there is very small risk at this point. KLSE is up 15 points today. Accumulate quality issues at this level.
We are holding a market talk next Saturday at CIMB Auditorium to share the curent market outlook/ opportunities and why we are in this financial mess. Details/map are below with map attached.
Bill & Myself are presenting a talk on trading opportunities in the Bursa Malaysia & Global Outlook on Sat 18 Oct, 2008. The talk is free. You are welcomed to bring friends along. Seats are limited. See attachment to register.
Rgds, -Martin Wong/ Bill
Rgds, -Martin Wong/ Bill
9:25 am - DJIA has a long doji tail and with high volume.
A significant turn of event for DJIA. With G7 Countries meeting to discuss next course of action for the financial crisis. DJIA may reverse soon.
9:11 am - FKLI gap up due to higher DJIA futures this morning.
DJIA futures is up +250 pts. The question is can our cash mkt move higher !
Friday, October 10, 2008
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