How high KLCI can go?

Rising its way up, KLCI's volume is indeed discouraging. While it is definitely not implying that the short term KLCI will drop due to the lack of volume momentum, it is indeed a weak signal. How high KLCI can go is indeed unpredictable...

Always, it is always better to be safe than sorry. The weak signal should warn us on the possible end of the run, unless the market's volume pick up its momentum again. For the mean time, as a human, we should start to ensure our focus on anticipating the end of the bull (even though in short term, KLCI is still strongly bullish judging from the price action alone).

It is always beneficial to remind myself and the rest of the traders: safety first, make money later.

Happy investing and gambling.

Breakout Point detected in almost every index!

Leaded by KLCI, the stock market today clearly acting bullish and in fact, irrational in aggregate term. The situation is so similar to last year January's to February's market. While CNY new year effect is found correlated to a bull run, we can't conclude that the bull today and in the future (expectations) will be cause by CNY effect. Correlation certainly doesn't means causation. While the forces behind could be complicated, such as dropping of oil prices and possibly rushing of foreign capital to Malaysia after Thailand ask them to do so, it is more likely that (in my personal opinion) the bull is caused by the retailer's expectations on others' expectations that the stock market will give some Chinese Ang Pow to all the investors.

The newspaper have found carry out their responsibilities well too, by promoting and directing retailers' focus and attention to the market. News and tips are again found in forums and everybody are soft and happy in discussing about the market.

All these factors, again confirm to me that the short run could be highly probable an 2007 Ang Pow Bull., but the bull is now old and the market would collapse after the Ang Pow giving festival. Be early to join the party or else, better dun go to the party at all.

自动报价股 炒家决定股价高低 有钱赚就套利离场

Adapted from Nan Yang Newspaper...

颜敏树说，自动报价股的对手是炒家，因为价格便宜。第二，这些股很多分析员都没有进行分析，所以股价的高低是由炒家来决定。

“不过，你可选择不要买。这些股可以赚快钱，且刺激。不是说不可以玩，可以玩，不过怎样买风险。”

他说，策略是：第一，留意大马交易所的警告。大马交易所的工作就是当某家公司的股价或成交量大起，交易所就会发出不寻常市场活动（UMA）等警告投资者。

“第二，股价/净资产价值（Price/NAV）超过7倍的话，忘了他吧！”

第三，如果它要跌停板的话，你根本跑不掉。第四，观察按年的季度盈利表现。第五，有钱赚，就套利离场。不然，就不要买。

The bull is charging through the 1110 resistance!

Price and volume actions have been encouraging and bullish for the previous week. It could be observed that 1120 has been a strong resistance in the graph. However, the strength of the bull is believed to be much stronger than the immediate resistance. should next week the 1120 resistance is broken, i am thinking that my next blog's title will be "See you at 1150"!


Happy trading and wish you all are blessed with fortune from penny stock before the Chinese New Year.

MESDAQ is on the way...

MESDAQ is on the way... half way to the strong resistance line. It is a short term play, where probably we will need to throw out all stock before CNY.

The bull is still alive, some of the indications are:
1) open red close green
2) drop with low volume which probably an act of profit taking
3) More and more rubbish stock are appearing on the top volume list, and this signify if ever any bull comes, it will be the last wave.