Did I tell u guys we will see 1680? Great...cos now its 1666, meaning support broken... So, whats next? I did say buy put warrant that have longer lifespan, Hw, HV, H25, H27....
Now, lets define our next strategy. Its no surprise KLSE drop today, that's why I top up HW at 0.305 and H25 at 0.13 this morning when I read that the feds might raise hike in Dec.
I had done my full accumulation. So, lets see what happen next.
1. The past 2-3 weeks, big guys + FF had been pushing KLSE to 1727, but never close above 1720. So we4 know 1720 is extremely strong resistance.
2. FF had been aggressive the past 2 weeks being net buyers, so what happen when they start pulling out and going back to USD for the interest rate hike?
3. MYR rebounded very strong to 4.16, in fact, too strong...so u know from the graph, a steep uptrend will be a steep downtrend...especially when Oil price starts to drop again and interest rate hike in Dec
4. Oil too had rebound strong, above USD50/barrel, now is slowly retracing back to USD45/barrel estimate. There are talks it will go down to USD20/barrel. Remember, the oil price fluctuate but the economy does not. The market is flooded with oil, and if Iran sanction is lifted, they will start pumping too...the market is flodded with oil, so no near term justification for oil price to go up
5. China CSI300 too had been rebounding, growth dip to <7%.
6. Commodities price is still depress...oil palm, steel, copper, etc. No near term catalyst.
KLSE seems to have "strong" support at 1600... So, my prediction is that if DJI starts to correct (very obvious big fish in wall street is pumping up as high as possible before Nov comes), coming down to 17000, we are going to see KLSE at 1600-1620... The next few days ~ 1 week or so, DJI will correct, and we will see further pressure on KLSE.
As I mentioned before, many analyst predict that now is the true correction. We will see 1480-1500 (which I doubt right now and which I am not able to see right now) in Nov.
The fundamental of the global economic does not change. Its there in Sept and in Oct, but world stock rebounded so strongly, it is a dead cat bounce.
If I am wrong, don't stone me ya...cos I believe what I share and that's why I pump in all into Puts...
This hk and hg will never perform again...if you are still holding,hold still to your faith and keep believing that index will big drop while this is a scarce possibility....hg now truly reflect its value...and hk is still a piece of junk...today down 20points, I CAN GURANTEE tmr will a UP day and hk and hg and basically all index warrants will linger that including c12...people are losing interest in them...
I did not read AJ comment just now till en Saufi highlight . AJ again this thread is not welcoming you .....no more race comment . Why ur mouth cannot talk good ?
Sap sap sui la KLCI can hit 1600 next week after weak bank earnings.
That's why I activated H21, H23 ready. After 1600 should rebound back.
Kakashi oh Kakashi, I hope you got the right wa. You may have made the better bet one day earlier than me, but what if you're inside HK lol. Hk at 1600 also at most give you 23-24c la
but H23 easily 75c when 1600. huat ahhhhhhhhhhhhhhhhhhhhhhhh
Shangyongling, for warrants, u need to look at its expiry date and strike price. Mainly these 2. Strike price will determine if the warrant is in the money or Out of money. If its in the money, how much is its premium against FKLI index. If its out of money, basically the warrant should worth RM0.00. Also need to take note on its volume. If its low volume, better don't buy too much.
Two bits..that's u have to play around the spreadsheet. High low open close ave calendar.I know u can because u like numbers n experienced traders..u can detect it..its cyclical..
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Posted by Ong Lie Chin > 2015-10-29 18:00 | Report Abuse
So many people loss in the hk and hg...I can hear the voice....sorry for your loss...