I posted a note below about following liquidity. This is an essential ingredient in any market because it produces volatile price action. Take the fx market for example. This is a multi trillion market. It will never go bust like a company. It just goes up and down, up and down and a lot of [...]
Archive for May, 2006
I don't need to tell youhow glad I was away for the last few days having reverted a large portion of my holdings to cash. I will post more tomorrow but briefly here are my views:
1. The downtrend is not extended. It can go lower.
2. There is a bearish engulfing pattern on the weeklies, suggesting [...]
Tomorrow I head out to Hong Kong to meet my new employers (yes, I will be working there as of Sept this year) so might not post very much before the end of the week. Happy to stay on the sidelines until then. See you back here soon!
Life: Why I choose to be a fair weather follow the bandwagon trader..
Published by May 12th, 2006 in and Investment Notes. 0 CommentsThere has been a bit of buzz in the malaysian blogosphere about how because we are in a bull market, more and more commentators or experts are emerging to give their 2 cents worth about the market - the implied message being that where times are bad, these people were nowhere to be found, when [...]
Here's a link to one of my favourite blogs explaining the dynamics on the equity markets as of today. He is talking about the Dow but what he says also applies to the KLSE. In short, it's crunch time. Are the bears going to win? I certainly hope so, so that I can start building [...]
Airasia did not enjoy the last run up so I have cut that from my portfolio for now. Bkawan also seems to be hitting resistance so I am out of that too. So now I am mostly back in cash and up 1.12% in the last month when I started trading. Not amazing but not [...]
Well whatdya know? Looks like I'm not the only one who was lookin' at Tenanga. Maybank's researchers were busy too. That didn't prevent the stock from selling off, however. We'll have to see whether this is just another case of selling on the news.
KLSE powered up today on breadth and volume. Further confirmation that the [...]
