Kakashi....hmm..dont worry ..the stockmarket is not a straight line. 1730 definitely lah..then we see from there..i did mentioned at FBMKLCI-C12 thread about the market calendar. Perhaps, this short term bullish might drag until 7 November 2015 which is our Dr Zetty will save our country. i am also highlighted during that time it could be 1818 is the prime target after 1712 was broken. Thats why i dont short anymore at FKLI..wallahuallam
1750 next weeek easily. China cut int rate is very positive news, for those who wanna make money can join me in HSI CZ, I am in since 70c..will open Monday RM1.10 and may run all the way to RM1.30 by Wed. huat ahhhhhhhhhhhhh
Other than that, C12 should be able to hit 32-34c by Wed too.
For put holders, get ready to get slaughtered. TQ.
CJ...its well supported above 1700..selagi tak break 1733-1742..its x considered overbought yet..like I said those days prime target 1712...achieved..now heading towards 1,818...with November less trading cycles..its an advantage for market to recover for any pullback FKLI had done its lower side at 1680 from 1723..looks like will test 1733..
China rate cut ----> Fed no longer has to worry about china slowing down ----> December rate hike back on the table -----> EM back to August levels. (Prescription analysis - not prediction of events)
My point of view is: China cut rate,cut reserve,and Europe continue QE→RMB,Europe depreciate→USD appreciate→more difficult to hike rate for the federal.
With everybody cutting rates. From Japan Abenomics To China cutting rates 6 times, to Dragi Rm5 trillions QE and more, the weight and burden on USA will be the final straw that break the camel's back.
Don't be surprised that US Dollar might just suddenly implode. If so many will get burnt!
Always play safe and go contrarian.
Remember Calvin's 3rd rule:
HE THAT IS LOW NEEDS FEAR NO FALL.
The safest currency to buy and keep is the ringgit right now.
Mr Wei , you already in panic state , if you have small gain than Please leave call n put for temporary . Relax ....and visit Taiping Zoo and Food ...You need to absorb n refresh a new energy again before entering bursa cage .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Wei Jie Yau
5,418 posts
Posted by Wei Jie Yau > 2015-10-23 15:55 | Report Abuse
Count down drop