NewsKLSE formed an important hammer today which is a strong bullish sign (especially when i presages a morning star).It was weak all day followed by a spurt of last minute buying. This occurred in the face of overnight weakness in the Dow.
And this was reflected in PBBank, which has also reached critical support.
When as many [...]
SHARETHIS.addEntry({ title: “KLSE (31-05-06).png”, url: “http://www.tradingmalaysia.com/2006/05/31/klse-31-05-06png/” });
This week things are not getting any better. The Dow is touching 11,000 and the S&P is now at 1259. The sellers are in control with lasts weeks rally transforming itself into a dead cats bounce with no buyers willing to risk going in on dips. A few weeks ago 1000 on the KLSE was [...]
SHARETHIS.addEntry({ title: “ETF Screen 30-05-06.pdf”, url: “http://www.tradingmalaysia.com/2006/05/30/etf-screen-30-05-06pdf/” });
In LOTR:The Two Towers, King Theoden leads his people into Helms Deep to face Saruman's forces and to protect his people. On nightfall, Saruman's forces arrive and try to scale its walls with all kinds of siege devices. Then they try to break through its doors but had a hard time because of Legolas and [...]
This is the counter I have chosen to go in lightly. It’s a good company and reached the first level of resistance without violating the uptrend line, which represents another level of resistance. If it drops I will continue to accumulate.
SHARETHIS.addEntry({ title: “Trading: PPBOIL”, url: “http://www.tradingmalaysia.com/2006/05/24/trading-ppboil/” });
In order to profit from lambs, it is important to understand their mindset. And the key to that is resistance. In a falling market, the question is at what point will the lambs capitulate? Once that happens, all the bulls will be driven out and prices will be at rock bottom because no one is [...]
With the market activity as it has been in the last few weeks it’s clear that identifying good stocks is not enough. You also need good timing to make money. My general rule is to sell when the market is hot and buy when the chips are down. This week I am therefore a buyer. [...]
Michael Giacchino's (who also did the music for Alias) soundtrack for the famous TV series, which is now available, is a great study for music composers because it covers a pretty wide range of mini-genres which range from horror to romance to feel-good. The music also does different things at different points. Sometimes it is [...]
Two great counters reaching support. The sharks may push them lower but I am happy to take a nibble now and add on if it keeps dropping.
Digi
Ghlsys (I have this already but will add)
SHARETHIS.addEntry({ title: “Trading: Interesting Counters..”, url: “http://www.tradingmalaysia.com/2006/05/19/trading-interesting-counters/” });
| DJIA | 11220.96 | |
| 000001.SS | 2143.42 | |
| ^STI | 2694.49 | |
| ^KLSE | 1070.54 | |
| ^BSESN | 15032.55 |
