Should petroleum prices be maintained on an upward path for the next few days then perhaps the klci will move further up. Otherwise not much incentive . Juz my 2 sen worth.
today this counter (fbmklci-c12) has broke its highest record...i believe this is not end, it can still goes higher and higher as long as oil and ringgit strong enough to sustain.. we will rest for two days and see the market on next monday..happy weekends all
God bless us and next week is tuesday is the 1st day of 9 emperor birthday..hope klse and 9 emperor same same huat ar heng ar.....good bye and have a nice day
abg apanama, how do u see the oil price movement for next week? and our index? will it go up further or pancit? nampak lari sudah kuat, but next week before budget surely the bomoh can't make it be below 1700? pls enlighten us
Don't forget the biggest trap in chart reading is that what it looks like now, could well be totally different a few days down the road.
It is just one outcome. Another outcome can stil come to pass.
The biggest problem on the bear narrative is the surge in MYR coincides with a surge in foreign buying ~380M nett today.
Liquidity in KLCI comes from 1. Money people like us are willing to bet, or in more syariah compliant term, invest, in the market 2. Our money hold in trust either by choice (mutual funds) or by law (tabung amanah like KWSP, KWAP, Khazanah) 3. Money invested into this country from outside (EM funds) or bet into this country (Hedge)
Then ask which one is free float. Can we find 300-500M net buy to sustain a bull? Can the local funds find 300-500M to feed a raging bull? This one is a yes to a certain extend. Abe did it in Japan. Our PM thankfully is not going there yet. But it is limited, and any huge increased needs to be ratified (eg KWSP being allowed by its charted to invest more in equity)
The last one is mostly free. Foreign EM funds are by charter needs to be invested somewhere, so it can float around, or between bonds and equity, in and out of the country.
Now look at the evidence, in terms of net flows and money movement.
Have the balance of probability increased a bit?
Beginning of this week, with the huge outflow last few weeks, I was more bearish. At the end of this week I'm not that sure anymore.
Just waiting for new facts to change my opinion. Or hold it. In the meantime, manage your exposure. And work hard, it is our productivity that will really reflect in the strength of our market and the quality of our retirement when we cannot work anymore
Appreciate it in advance abng apanama. With the budget arnd the corner and the straight greens that we had in the last week, and oil price movement, itd really tough for newbies like me to guess the direction. Thus i seek yr expert views.
Daily chart yesterday gap up with shooting star at d strong resistance... It like hammer at 1600 last week... So b careful dear... Quoted by APANAMA... Fears when people r greedy... Hav nice weeken... Abg APANAMA, share ape buku yg hamba bleh refer utk bljr psl trading days... Sblm otak ni tepu...
I just drop bye when see my buddy MainBesar, he is right....time to let go call warrant...history might repeat...
hk last time goring until 50c.....then overbought case mass sell down...same case with call warrant goring from whole week....u guys check the volume u all can see sometime...pls set your target price...ok I just a passenger bye drop by say hi to main besar heheheh good day bro
Abg region... Nice to c u here... Bljr dr u laa bro... But my fingers not s fast s u... N always cought... Haishhh... But abg region, we also need to b careful s market will always act s not wat we thinking... If all bet it down, then it will move up damn high... Dis had happen last 2 days s we thought there would be some correction when it hit 1690... Haishhh... Me also cabut C1 at that level... :(
C12, really my mistake.1 oct i buy c12 at 16 cents, 30 sep I buy c12, 16, 16.5.Before market open,2 oct i q c12 16.5 ( sell ).I am tired of c12, always no moving.When i found out klci futures up, i thinking cancel the q but no cancel q immediately.After market open, 16.5 done immediately. Thinking buy back after 10 am, q 16.5 a bit late cannot get.C12 price fly from 2 oct.Thinking buy back c12 monday, a bit hesitate. miss the chance. Congrat c12 holders, earns money in the past week. I think ivan also earns money. I don't know what to says, if i hold c12 1 more week. I win more than 50%.C 12 price finally overtake fbklci hk. Hk overvalue.
Year Ave 1 1994 -160.08 Very Bad 2 1995 2.32 Flat 3 1996 91.53 Good 4 1997 211.14 Very Bad 5 1998 206.98 Excellent 6 1999 129.86 Excellent 7 2000 -18.67 Minor 8 2001 82.14 Good 9 2002 6.23 Flat 10 2003 57.42 Good 11 2004 55.10 Good 12 2005 -26.46 Minor 13 2006 124.82 Excellent 14 2007 102.46 Excellent 15 2008 136.66 Very Bad 16 2009 64.52 Good 17 2010 56.46 Good 18 2011 148.59 Excellent 19 2012 43.26 Good 20 2013 104.60 Excellent 21 2014 -84.21 Bad 22 2015 ?? Good (around 50??)
The above data is an average on last day trading for each year minus with the first day trading on October for each year. No doubt we are always in mind that the Window Dressing (Year End) is normally general market anticipation. However, please also take note that, there were also some years, it had happened at the end it turn up as negative year too.
The average for “positive’ year is about 97.52 while the average for ‘negative’ year is about -106.2. I am looking around market to close about 1700-1730 during year end reduce from 1770 my initial target. With ‘50’ the average for this Oct to Dec with a strong support at 1600-1620 for next market healthy correction due to the Post Budget and of course “TPPA Negative Effect” and ‘Crude Brent Oil’ that will only settle around USD 45 by end of the year which will end up MYR/USD will settle around RM 4.15-4.20.
Overall market will be strong support and definitely for those who still wish to enter at 1,400.00-1450 will definitely no longer be able to enter unless ACT OF GOD which beyond human ability to know. However based on data, the strong support definitely about 1,610-1620 because 1671.82 and 1642 had finally manage to be broken 3 times.
As all of us are aware, the lowest point for Oct was around 1533 with 200 point maximum for FKLI, it will give about 1733 add on 20 point extra, so..1750-1753 is the maximum now for FKLI (jika kau fikir kau boleh hahahhahah)..:)
For Ann..i am not an expert..dont call me an expert as nobody is expert in market actually. As Peter Drucker, the great management guru had clearly mentioned that NO THEORY MAY EXPLAINED ABOUT THE RELATIONSHIP INTERNATIONAL INVESTMENT AND INTERNATIONAL TRADE. For next week market trick Post Event of Energy Summit at London for crude price and definitely some 'reputable analysts' will shout back about SUPPLY and DEMAND for crude oil to stabilize the 'recent rally' which might be balance up with 'shooting here and there at Palestine vs Israel' to test the USA President Candidate. Of course next move of Abang Besar Putin whether to use his "Putin" or use his "puting".
MUST MONITOR the DXY INDEX closely too..These four will determine whether the USD 50-USD55 for year end or USD 40-USD45 for year end. As we are aware once it enter 60-trading days left for 2015...a lot of 'adjustment' here and there.
Main Besar....aku dah lama tak baca buku pasal trading...hahahaah....i just have two book to recommend to revisit 1. THE VEGA FACTOR (OIL VOLATILITY AND THE NEXT GLOBAL CRISIS BY MOORS) AND THE NEXT GREAT BUBBLE BOOM BY HARRS S.DENT JR....:)..lagi satu ni..payah sikit lah kot nak cari pasal too old..very damn old..The Confidence Game by Steven Solomon..
All the best…TRADE WISELY. …just my humble opinion. I am might be right and I am might be wrong. Have a great Sunday ahead. ONCE AGAIN..DONT GET MARRIED WITH STOCKS, CALL AND PUT..:)
Thanks Apanama, I found your advice to monitor WTI and USD very closely to be d most important thing to do while trading FBM KLCI-anything.
Manage to deleverage a huge portion of my calls quite near the peak on Friday. Those that have followed our sifu here on the uptrend would have made handsome gains. Even d much maligned C4 made 50% gains.
Was thinking of jumping ship to puts but the chart for those convinced me that the market haven't really decided on its direction. Our dear First Lady of i3investor is a very good chart reader, but even then she put in a disclaimer that confirmation candlestick needed. And quite a number of well known chartist have started relabelling waves recently
So just brought some well managed FA counter that is trending on a momentum play
Congrats on all C12 winner none the less, Mine was about 40% (averaging up as I build d position)
congratulation, but this nothing big, we also win super big from knm + warrant only in 1 day, the things is, of course have winner and loser in market..not becoz u correct 1 time, u become better than others
no, i am not implying anything, i am fortunate that i didnt grab tiny profit and benefitted from the insight from apanama and the chartists at the other house.
i will never be better than the others, just tagging along for the ride. and always reminding myself the surest way to lose one's rezeki is to think one is better than the others. a lot of thing only known to the Almighty. hubris can only bring a tragedy and a burnt wallet
Thnks abg apa, was eager waiting for yr response. I shall try to find the books u mentioned. God bless u for sharing your well supported view and still remain humble.
In 2008 DJ lowest is 8000 and uptrend to 2015 now 17000.......so in 7 years it's already up 9000 points.......I think this bull is very very fatigue and shaken......anytime will collapse!!!!
Yes bfg9000 ..your statement is a strong message to me as well.
Yes kaki sailang..you are right too. Some can made money in 1-day but to add ...some can loss money in 1-day too. The professional trader like you has some advantage above others. Congratulation to you and others.
I am just an average. Still has long way to go...
AnnH and Main Besar..enjoy reading..if both of you or others have other good books to read..please suggest..I'm also still learning and need to improve myself...
To popcorn n 1star..thanks for the inputs.for popcorn..yes u r right about some..I saw a reputable analyst shout about it and still maintain the sell call on it..which based on my data..frankly speaking..even though the recent run up looks like fantastic..however..the -6.67% is still an issue for me..that's why i have to reduce my target year end by 40 point
To 1star..yes you made a strong view and a reminder to myself. Its a well known fact, for both either DJIA OR FBMKLCI by having 4000 points for DJIA and 400 points for FBMKLCI. That's why I used to trigger on April after it reach the 1,867 and failed to break 1,897..and after that reached the 1,503..after 1,503 ..the index now with at 1,700 level back..its actually already looks more or less its already recovered. The only question now will it manage to sustain this with all the MACRO ENVIRONMENT OUTLOOK for next 3-6months that's still BALANCE with the most simplest probability ..35 (bullish) -30 (both) -35 (bearish)...compared to previous 30(bullish)-20(both)- 50(bearish)...
Capital market is like politics too. The 30%..is definitely hardcore BN..the other 30% ..is definitely hardcore PR OR PH..while others 40%..both camp or we call it ATAS PAGAR...:)..
apanama,,,,you might be right on KLSE will have maximum 1750 only. Most analyst says that. Do you think it will drop back to 1600-1620? It seems Friday have a weak closing, 1720 drop to 1706.
Perhaps..this will be the next support money either its within the RM 20 billion of Valuecap or additional bullet..thats only Najib inner circle knows which i wish i am in that circle......:)..
Kakashi..with the current market environment..once the Big Boys throw..definitely.. berterabur and berselerak lari..thats hard fact too in this Dog Eat Dog environment..
by logic..if us small retailers want to buy cheap stock and sell at high price..they the big boys..also want..their KPI ..not achieve..less bonus ..less bonus..nanti bini marah..tak boleh shopping overseas or mak mertua marah..hahaahahah...:)...all the best for today and the remaining days..to all of us ..
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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....
apanama
3,796 posts
Posted by apanama > 2015-10-09 15:25 | Report Abuse
Especially..duit dah berlori ni..macam bawak lori pasir..tiris boh..:)..oops