Exchange of Chairs At Seremban's Umno Meeting - Laughing Stock?

The market is going up!

Monday - 10th November 2008.
8.30 a.m. - Malaysian Time

Last Friday the CPO ( crude palm oil ) futures for January contract open at 1580 and closed at 1609. The highest was at 1640 and the lowest was at 1560.

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The market open at 1580 and immediately fell to 1560 and after two minutes, the market then moved up to 1570 and started to linger between 1570 to 1579 for about 6 to 7 minutes before shooting up to settle at 1622 before lunch.

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When the market open, it was within the 8 to 17 points retracement ( see # 1 on last Friday's forecast) and when it fell to 1560 in a very fast way, it could have indicated that the the market might have triggered the false alarm but when the market was lingering between 1570 to 1579, the market might not be so anymore. By referring to my forecast ( see # 1), had a buy position been placed between 1570 to 1579 ( "buy after the market has retraced 8 to 17 points from the opening level ), a profit of between, at least 20 to 60 points could have been made. The market also did go up further after the level between 1608 to 1615 ( see # 1) had been broken. As for the trendlines, there was no pattern of what so ever that has been recognised.

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Today

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As usual, due to some technical reasons, I am not able to do any forecasting today and also for this week. I would be back, probably next week.

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If you have any inquiries, just contact your broker, do not contact .....er..er..well.....MR. BUSH as he is leaving the office in two month's time.

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Have nice trading day!!!!

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Friday - Last Day of The Week

Friday - 7th November 2008
9.45 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for January's contract open at 1575 and closed at 1599 yesterday. The highest was at 1607 and the lowest was at 1548.

Since the market open not within the forecasted analysis, so I definiately could say that there was no money acquired yesterday. I did forecast that if the market were to open below 1599, the market would fall further but that did not happen. Anyway, there was a very clear pattern of 3 tops which the 3rd top occurred at 1607.

Today

In the long run, the market is still bearish but the very short term, I would say that the market is bullish. My forecast for today;

1) If the market opens between 1573 to 1597 - Buy after the market has retraced 8 to 17 points from the opening level. It would be more significant if the market opens more towards the upper end of the 1573 to 1597 levels. As usual, be careful of false alarm and do not forget your stop loss. If the market manages to beat the level between 1608 to 1615, the market may go further up. If the market manages to bet down the level between 1555 to 1562, the market may fall further. After opening, make sure your 8 to 17 points retracement does not pass down the level 1562.

2) If the market opens between 1597 to 1607 - Buy after the market has moved up passing the level between 1608 to 1615.

3) If the market opens between 1563 to 1573. Sell after the market has passed down the level between 1555 to 1562

4) If the market opens between 1608 to 1632 - Buy after the market has retraced a 'bit' and then moves up passing 5 points above the opening level.

5) If the market opens between 1548 to 1562 - Sell after the market has moved up a bit and then retraces 5 points below the opening level. The market may fall down further if it manages to beat down the level between 1533 to 1541.

6) If the market opens other than the above, it is your call.

7) If the market opens below 1540 - It is again your call. Any way, I would say the market may retrace further down and a black bar may occur today or at least in the early part of the trading day. Till this moment I still do not have the mechanism on how to enter the market, so very bad of me!!!!!

8) Also look for trendlines.....if not sure..just stay awayyyyyyyy

9) Please refer to #9 ( Thursday's Tips dated 27th June)

10) Also refer to #9 and #10 ( Tuesday's Tips dated 1st July)

Well, have a nice trading day.
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Market Up - Obama's Factor?

Thursday - 6th November 2008
8.30 a.m. - Malaysian Time

Yesterday, due to some reasons , I was not able to comment on the market and also on my forecast on last Tuesday's performance. Anyway, if you look at my last forecast, the market open at 1589, moved up to 1599 at 10.42 a.m., fell down to 1575 at 10.43 and shot up again to 1610 before settling down at 1600 before lunch. If a sell had been made at 1585 ( 5 points below the opening level ) , you would have ended up poorer by at least 15 points. Well, that is it, you can't win them all.

Today

In long run, the market is still bearish, so is the very short term. My forecast for today is as follows;

1) If the market opens between 1636 to 1670. Sell after the market has moved up between 9 to 17 points after opening. For the best result, let the market falls a bit first before it moves up to the intended level. Stop loss between 15 to 20 points. Be careful of the false alarm. If the market manages to beat the level between 1681 to 1687, the market may go further up especially if it opens more towards the upper part of level 1635 to 1670. Any profits, just lock them up quickly. If the market falls beating down the level between 1619 to 1625, the market may fall further especially if the market opens more towards the lower part of the 1636 to 1670 levels and a black bar may be formed today or at least in the early part of the trading day.
2) If the market opens between 1670 to 1680. Buy after the market has moved up beating the level between 1681 to 1687.
3) If the market opens between 1626 to 1635. Sell after the market has beaten the level between 1620 to 1625.
4) If the market opens between 1680 to 1707. Buy after the market has fallen a bit and then moved up 5 points above the opening level.
5) If the market opens between 1600 to 1625. Sell after the market has moved up a bit and then falls 5 points below the opening level.
6) If the market opens below 1599. It is your call but I think the market will fall further.
7) If the market opens other than the above. I have no idea, it is your call. If I were you...... I don't know.
8) Don't forget the trendlines....
9) Please refer to # 9 ( Thursday's Tips dated 26th June)
10) Also #9 and #10 ( Thuesday's Tips dated 1st July )

That's about it. Just cross your finger. If not sure , just contact your commodity broker or .... may be you can call Obama...

Have a nice trading day.
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Obama Is Set To Win?

4th November 2008
9.10 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for January contract open at 1599 and closed at 1666 yesterday. The highest was at 1666 and the lowest was at 1593.

Today

In the long run, the market is still bearish but the vey very short term is bullish. So the forecast is as follows;

1) If the market opens between 1612 to 1656. Buy after the market has retraced 10 points after the opening. As usual, be careful of the false alarm. Stop loss between 10 to 20 points. If the market beats up the level between 1667 to 1674, the market may go further up. If any profits, just lock them up. If the market is to beat down the level between 1595 to 1601, the market may go down further especially if the market opens more towards the lower part of the 1612 to 1656's level. Make sure that the opening is 10 points higher than the level 1602.
2) If the market opens between 1656 to 1666. Buy after the market has passed up the level between 1667 to 1674.
3) If the market opens between 1602 to 1612. Sell after the market has retraced and passed down the level between 1595 to 1601.
4) If the market opens between 1577 to 1601. Sell after the market has moved up a 'bit' and then retraces 5 to 9 points below the opening level.
5) If the market opens between 1667 to 1691. Buy after the market has retraced a 'bit' and then moves up 5 to 9 points above the opening level.
6) If the market opens other than the above, it is your call, I still don't know how to go about entering the market at this point of time.
7) You can also look for trendlines.....if you like
8) Please refer to # 9 ( Thursday's Tips dated 26th June)
9) Also refer to #9 and # 10 ( Tuesday's Tips dated 1st July)

That's about it, guys. If you are in doubts, do contact your broker, never to contact your brother-in-laws. They are nothing but .......@#!#&*&*^% (why this brownish color just pop up? )

Have a nice trading day!!!!
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US Economy Is Pushing Up Again?

Wednesday - 22nd October 2008
8.35 a.m. - Malaysian Time
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The CPO ( Crude Palm Oil ) futures for January contract open at 1695 and closed at 1652 yesterday ( My standard openings for almost everyday). The highest was at 1714 and the lowest was at 1639.

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Within 6 minutes after opening, the market kept mingling between the levels 1690 and 1705. At about 10.37 a.m., the market shot up to the highest of the day at 1714 and then moved down constantly to the lowest of the day before settling at 1652.

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If you refer to my forecast yesterday ( see #1), the market's movement was in a 'gentle' way and it clearly showed that there was no false alarm. ( well, you have to have this skill to recognise the false alarm). Had you put a short at 1707 ( 12 points above the opening point, see # 1), you would have made at least 20 to 30 points.The maximum you could have made would be about 65 points. Was it possible to achieve this 65 points? I don't know you figure it yourself.

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As for trendlines, there was a clear pattern of 3 bottoms but the occurence was at about 5.30 p.m., so it was quite late to exercise any day trade activity.

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Today

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As usual, no forecast for today and also for next week. My forecast would be back again on the week after next week.

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Have a nice trading day today and smile always.

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Rainy Days in KL - Especially in The evening

Tuesday - 21st October 2008
8.58 a.m. - Malaysian Time
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The CPO ( Crude Palm Oil ) futures for January contract open at 1699 and closed at 1677 yesterday. The highest was at 1727 and the lowest was at 1660.

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If you look at the last 3 decending black bars ( from Tuesday to Thursday last week ) you should realise that these bars had the potentiallity of the 'swing strategy' to be applied upon but it did not happen. Do you know why? I think I better not answer that, you can figure it out yourself, can't you?

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Today

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In the long run, the market is still bearish, so is the very very short term;

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1) If the market opens between 1670 to 1717. Sell after the market has moved up 12 points above the opening level. Be careful of the false alarm, etc. If the market manages to beat up the level between 1727 to 1735, the market may move further up especially if it opens more towards to these levels. If see any profits, just lock them up! If the market manages to beat down the levels between 1654 to 1660, the market may go further down especially if it opens more towards to these levels.

2) If the market opens between 1717 to 1727. Buy after the market has beaten the levels between 1727 to 1735. See bold letters as at #1.

3) If the market opens between 1660 to 1670. Sell after the market has passed down the levels between 1653 to 1660.

4) If the market opens betweeen 1637 to 1660. Sell after the market has moved up a bit and then falls 5 points below the opening point.

5) If the market opens between 1727 to 1750. Buy after the market has moved down a bit and then moves up 5 points above the opening level.

6) If the market opens other than the above, it is up to you, I think I am going to sleep!

7) Also look for trendlines such as 3 tops/bottoms etc...., if you like.

8) Please refer to # 9 ( Thursday's Tips dated 26th June)

9) Also refer to #9 and #10 ( Tuesday's Tips dated 1st July )

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That's about it. If not sure , do contact your broker, never to contact your ice- cream man or else he would have been an ice cream guy!

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Have a nice trading!

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Bad or Good News? - Prime Minister Is To Resign This March

Thursday - 9th October 2008
8.25 a.m. - Malaysian Time
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The CPO ( crude palm oil ) futures for December contract open at 1880 and closed at 1775 yesterday. The highest was at 1897 and the lowest was at 1755. It was a black bar.

The market open at 10.30 a.m. and immediately it fell to 1860 at 10.31 a.m. At 10.34 a.m., the market fell further to 1850 and then started to climb up back again to 1862 at about 10.40 a.m.The market then moved up further to the highest of the day before settling at 1885 before lunch.After lunch, the market continued its downwards movement and finally settled at 1775. This has clearly shown that the fall of the market, just after opening, was not a false alarm due to its steadiness in the price movement and the time taken. If you look at my forecast yesterday ( # 1 and # 2), you would be at the cross road here ; either to follow the # 1 forecast or the # 2 forecast.

If you were to follow the # 1 ( long at ,say, 1867 with 20 points stop loss), you would probably have made about 20 to 29 points of profit. If you were to follow the # 2 forecast, you would have just remainded the same because the market did not even touch the 1898 level.

The market also managed to fall further after the level between 1800 to 1806 ( see # 1) had been able to be broken through.

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Today

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As usual, no forecast for today. Those who have been following my blog, may probably have the idea of how to enter the market.

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Have a nice trading day.

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