Running Out Of Luck ?

Wednesday - 18th March 2009

8.45 a.m . - Malaysian Time

Sorry for not being able to analyse my forecast on last market performance on Wednesday dated 11th March. This was because I encountered with some internet technical problems with my service provider. In fact on 12 and 13th of March I was left stranded and not able to access my internet service at all. This is what technology is all about. If it fails, there is nothing you can do. You can simply just look at the sky and blink your eyes.

Enough of this nonsense, let's us talk about dollar and sense now. If you look at the chart, the market may look like establishing another sidelines unless today's market ends a black bar and lower than yesterday's bar.

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My forecast for today;

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1) If the market opens between 1918 to 1940. Sell after the market has passed down the levels between 1908 to 1913.

2) If the market opens between 1903 to 1913. Sell after the market has moved up a bit and then falls 5 points below the opening level. The market may fall further if the levels between 1892 to 1897 are breached.

3) If the market opens between 1945 to 1948. Buy after the market has moved up passing the levels between 1953 to 1960.

4) If the market opens between 1953 to 1962. Buy after the market has retraced a bit and then moves up 5 points above the opening level.

5) If the market opens other than the above. I don't know, it is your call, don't ask me, my luck is running out!!!!!

6) Please refer to # 6 ( posting dated 12th January 2009 )

Ok, that's about it. If you are not sure, just contact your dealer.

Have a nice trading day!!

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A New Breakout?

Wednesday - 11th March 2009
8.30 a.m. - Malaysian Time

It seems that the market has already broken the level 1940 ( see my last posting) and a new phase of market movement is expected to occur. Anyway it is still hard to say either the market will move further up/down or will be floating at this sideline levels before deciding to a new phase.

Today

My forecast for today's market is as follows ; ( sorry, no chart this time )

1) If the market opens between 1993 to 2010.

~~~~1.1 Buy after the market has moved up and passed the levels between 2015 to 2021.

~~~~1.2 Sell if the market has passed down the levels between 1982 to 1988. The market may retrace further if the levels between 1965 to 1971 are broken.

2) If the market opens between 1968 to 1992. Sell after the market has moved up a bit and then retraces passing 5 points below the opening level.

3) Please refer to #6 ( 12th January 2009 )

That's about it. guys. If you are not sure......

Have a nice trading day!

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Contrarian Effect Still On ?

Tuesday - 3rd March 2009
8.30 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for May contract open at 1881 and closed at 1871 yesterday. The highest was at 1904 and the lowest was at 1868. It was a black bar.

The market open within the forecasted levels but the movement was not on the expected direction. It, in fact, moved against the yesterday's forecast. It seems that the Contrarian Effect ( buy where you are supposed to sell and vice versa ) is still operational ( see yesterday's postings ).

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If you look at the chart, the market is now in the sidelines phase. In normal circumtances, during the sidelines situation, the Contrarian Efffect always in existance.

Unless the levels 1940 or 1850 are broken or when the market opens above 1940 or below 1850, the new direction of the market will not be determined at this moment.

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That's about it.

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P/s The Israelis are planning to demolish 88 houses of the Plestinians to make way for a new housing project.

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Have a nice trading day, guys!!

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Selling Insteads of Buying And Buying Insteads of Selling

Monday - 2nd March 2009
8.45 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for May contract open at 1865 and closed at 1895 last Friday. The highest was at 1919 and the lowest was at 1862. The market ended a white bar.

The market open within the suggested forecast but did not move according as what has been forecasted. So, you are back to square ones.

Today

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If you look at my forecasts for the past 2 days ( last Thursday and Friday ), it seemed that the market reacted in a contrary to what have been suggested ( Contrarian Effect - see my previous postings). On Thursday, the market open at the level where it 'should' move further up but instead it fell down. The same thing happened on last Friday whereby the market open at the level where the market 'should' be falling down but insteads it moved up against the forecast.

My forecast, in brief, for today would be as follows;

1) If the market opens between 1890 to 1920.

~~~~~1.1 Buy after the market has moved up passing the levels between 1923 to 1929. It would be more significant if the market opens more towards the upper side of the 1890 - 1920 levels. Any profits, just lock them up.

~~~~~1.2 Sell if the market retraces and passes down the levels between 1880 to 1886. It would be more significant if the market opens more towards the lower part of the 1890 - 1920 levels.

2) If the market opens between 1865 to 1885. Sell after the market has moved up a bit and then falls 5 points below the opening level.

3) If the market opens other than the above, it is your call. You can call anybody you like.....

4) Please refer to #6 ( 12th January 2009 )

That's it, if you are not sure......up to you, it is your money

Have a nice trading day, guys.

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Wonderful Day - Louis Armstrong

Friday - 27th February 2009

8.45 a.m. - Malaysian Time

The crude palm oil ( CPO ) futures for May contract open at 1930 and closed at 1890 yesterday. The highest was at 1930 and the lowest was at 1882. It was a black bar.

The market open within the forecasted level but not the direction and movement of the market. So, again, no further analysis is to be made today.

Today

In long run, the market is still bullish but in the very short run, the market is now in the uncertainty situation. My forecast for today ;

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1) If the market opens between 1882 to 1904:

~~~~Sell after the market has passed down the levels between 1872 to 1877. Any profits, just lock them up!

~~~~Buy after the market has moved up passing the levels between 1908 to 1912. Any profits, just lock them up!

2) If the market opens between 1857 to 1877. Sell after the market has moved up a bit and then falls down passing 5 points below the opening level.

3) If the market opens between 1908 to 1930. Buy after the market has retraced a bit and then moves up 5 points passing the opening level.

4) If the market opens between 1935 to 1945. The market may go up further and a white bar may be formed today or at least in the early part of the trading day. ( Buy after the market has retraced a bit and then moves up 5 points above the opening level).

5) If the market opens other than the above forecasted levels, it is just simply your call!

6) Please refer to #6 ( 12th January's posting )

If you are not sure, just contact your dealer but not your lawyer....

Do you know what the former Prime Minister of Malaysia, Dr. Mahathir, has said about the Jews? He said. "................. ( Well, may be next time)

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Have a nice trading day, guys! God bless you all.

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Time To Go Up Now?

Thursday - 26th February 2009
9.05 a.m. - Malaysian Time

The CPO ( crude palm oil ) for May contract open at 1890 and closed at 1894 yesterday. The highest was at 1912 and the lowest was at 1881. The market ended a white bar.

Since the market open not within the speculated levels for the past 2 days, no further analysis of the market is to be made.

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Today

It seems that the market has already shown a little bit of an "up breakaway", the chances of the market to move further up is quite encouraging. Any way,the market direction, I think, will depend on the opening of the market today;

1) If the market opens between 1889 to 1912 :

~~~~~~1.1 Buy after the market has moved up passing the levels between 1916 to 1921.

~~~~~~1.2 Sell after the market has retraced and passing down the levels between 1876 to 1884.If the market manages to beat down the levels between 1869 to 1874, the market may fall further.

2) If the market opens between 1920 to 1937. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level.

3) If the market opens between 1864 to 1874. Sell after the market has moved up a bit and then falls 5 points below the opening level. Any profits here, just lock them up.

4) If the market opens between 1875 to 1888. Sell after the market has retraced passing down the levels between 1867 to 1871. Any profits, just lock them up!

5) If the market opens other than the above, it is up to you.

6) Please refer to yesterday's forecast ( see #7 )

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That's about it. If you are not sure... I do not know what to say today.

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Some religious groups believe that only people of their own religion would go to the heaven. What about others .....? Others....? Others can go to hell!

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Have a nice trading day, guys!

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Wednesday - 25th February 2009
8.30 a.m. - Malaysian Time

The CPO ( crude Palm oil ) futures for May contract open at 1859 and closed at 1871 yesterday. The highest was at 1878 and the lowest was at 1828. The market ended a white bar.

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Yesterday's market opening was not within the forecasted levels, so no further analysis is to be done today

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Today

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If you look at the chart, the market is still in the sideline phase which means that you should be buying where you are supposed to sell and vice versa. Anyway, in the long run the market is still bearish but in the very very short term, the market is slightly bullish;

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1) If the market opens between 1868 to 1878. Buy after the market has moved up passing the levels between 1882 to 1887.

2) If the market opens between 1844 to 1854. Sell after the market has retraced passing down the levels between 1835 to 1840.

3) If the market opens between 1855 to 1867. Buy after the market has retraced 6 points from the opening level. Be careful of the false alarm ( false fall ) and do not forget your stop loss.

4) If the market opens above 1901. The market may go further up especially if it moves up in a fast and in a steep gradient immediately after opening.

5) If the market opens below 1819. The market may go down especially if it retraces in a fast and in a steep gradient immediately after opening.

6) If the market opens other than the above, it is your call. I have no idea.

7) Please refer to # 6 ( 12th January's posting)

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If you are not sure, do contact your dealer but not Shylock - The Jewish money lender in The Merchant of Venice by William Shakespeare.

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Have a nice trading day!!!

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