2009 Recap

January
Chinese New Year

February
22 UNMO Youths Threatened Member of Parliament at the Parliament

March
State Assembly being held under a raintree

April
Minister of Transport ordered the release of the Rm 12.5 billion PKFZ Scandal Report

May
State Assembly Speaker being physically removed from the State Assembly by the police

June
Engineering wonder

July
The death of Teoh Beng Hock after a session with MACC

July
Last Salute to Michael Jackson

August
5 MACC Officers arresting Wong Chuan How for questioning

September
Shah Alam Cow Head incident

October
Peaceful Mid Autumn Festival

November
Dubai debt jitters

December
F5-E Fighter Jet Rm 50 million engines being stolen from RMAF base and found in Argentina

In a lighter mood
Listen to Sarah Brightman - Don't Cry for me Argentina

Wishing all of you a Happy, Healthy and Prosperous 2010

Green Packet - Watch Out

Green Packet definitely has one more wave to go, the fifth wave of (III). The only question is whether wave 4 has been completed as shown, or it has yet to complete the 4 and has to come down to Rm 1.05 again to touch the neckline one more time.

Judging from today's candlestick and the accompanying volume, chance is high that it has started its wave 5 as shown above. Next two days movement should be able to show the direction. My minimum target for wave 5 is Rm 1.70, hopefully it can go above Rm 2.00.

OK, just sit back and appreciate the wonder of nature

Courtesy of magickriver.blogspot.com

Dow - About to break its upper resistance

At the close of Monday trading session, Dow closed slightly above its upper resistance line, not a clear breakout. Nasdaq and S&P continued to pull away from their upper resistance lines. Dow has to follow right?

Candlesticks Chart indicates that Dow still stayed below its upper resistance, however chances is high that it will follow Nasdaq and S&P.
Wave 7 might have started, a breakout will confirm that.

If Dow were to go for wave 7, 8 and 9, it appears that KL Composite Index is also heading for wave 7,8 and 9. Under such circumstances, from now until Chinese New year (mid February), stocks should be able to move higher. The following stocks may be ready to move higher.

If Inch Kenneth can move up from here, the recent 44 sen low is the wave 2, I am looking for 60 sen and higher for its wave 3.

There is still a wave 5 for Green Packet

Major wave (III) for KNM might have started, a breakout of its short-term upper trend line at about 82 sen will confirm the trend.

In this wonderful land

"If people investigated could not withstand the pressure and jumped from the building, there was nothing that MACC could do". Sound OK to the police.


"Teoh Beng Hock had been cruelly murdered. I want to remind those responsible that we will not forget you because there is no forgiveness for you".



"No one should make unsubstantiated remarks. Lim Guan Eng's remark can be considered to be an incitement, causing the public to believe that Teoh Beng Hock had been murdered". The police have initiated a sedition investigation against Lim Guan Eng.



Calling for the Police to stop its sedition investigation on Lim Guan Eng immediately. He described the move as being politically motivated.



"I wish to stress that the Honourable Member should not try to intimidate us". He said Ean Yong would be called up soon to have his statement recorded.

The Star Online Today:
1) Policeman's sons arrested over armed robberies.
2) Four soldiers charged with raping underaged girl.

The Star Online a few days ago:
Royal Malaysia Air Force fighter Rm50 millions jets engines were stolen

Wah!!! All the 'Men in Uniform' !!! Wah !!! No Comment.

"Malaysia Boleh"

Christmas Celebration

The Christian Community - Christmas Cantata

From the Drinkers - Merry Christmas

The............

The One Day Christians

Christians? Sure or not?

Non Christians that love Christmas

Wah!!!

Christmas Nightmare for some

No comment

I discovered this article unintentionally over the weekend. Click to read.

Relook at Dow, Nasdaq and S&P

All the three Indices closed with 5 consecutive gains in a row in the last 5 trading sessions. During this period, Dow put on 2.8%, S&P gained 2% and Nasdaq is the biggest winner with positive 4.8%.


As shown above, both S&P and Nasdaq have broken their respective short-term upper resistance lines and were pulling away indicating a clear breakout. However until the closing of Friday trading, Dow has yet to break its upper resistance, it is only a matter time before it follows the path of S&P and Nasdaq because ultimately the chart patterns for all the 3 indices have to almost similar.

Assuming Dow can break its upper resistance line, then Dow is forming the pattern of scenario 3 as mentioned in my recent post and as shown below.


In my previous post, for the current major wave (III), for my own convenient I have assigned the waves as 1-2-3-4-5-6-7-8-9-10 and that Dow is going for wave 11, 12 and 13. In order to provide a uniform wave count for all the 3 indices, I have replaced the wave count of 1 to 10 by sub-wave i-ii-iii-iv-v/wave 1-2-3-4-5-6 and projecting Dow to go for wave 7, 8 and 9 to complete the major wave (III) as shown above. Wave 1 is the extended wave.


Similarly, Nasdaq has 5 waves except that its extended wave is wave 3 instead of wave 1. It is moving ahead to form wave 7, 8 and 9.


Surprisingly S&P's wave count is closer to Nasdaq than to Dow with extended wave in wave 3. Let's wait and see whether scenario 3 is the correct one. If so, this major wave (III) can run until Chinese New Year. If 2010's Tiger is the same as the previous 3 tigers as mentioned in my previous post, them this wave (III) can possibly be the mega wave B, this is what Robert Prechter has been talking about. See chart below.

If really this is the case, get out at B and buy in at C can be very juicy, may be Bank of America will go down to US$2 again, Fannie Mae to less than US 30 cents again and Las Vegas Sand to US$2.00

Innovation is the way to go

In The Star today, the big boss said,"Innovation is the way to go."

Actually, some Malaysian are very innovative

Look at this F5-E Fighter, to remove two of its Rm 50 millions jet engines from heavily guarded, top security Royal Malaysia Air Force Base and send to Argentina via Port Klang is an apparently impossible mission, but 'Malaysian boleh', 'sub-sub-sui' to a top class innovative brain from Malaysia.


In this Port Klang Free Zone (PKFZ) scandal, the ability to over claim the Government by Rm 700 million is another mission impossible that required first class innovative plan.

The way to regain control over Perak State

The launching of six National Key Result Areas (NKRA)
And
The 1 Malaysia to make everybody happy including me

Dow - Focus on Scenarios 1 and 3 at the moment

Based on the 4 possible scenarios that I have mentioned previously, at this juncture, since Dow has moved closer towards the upper trend line, the main question is whether it can break this resistance line. If once again Dow starts to move down after touching the resistance line and continues to move side way as shown above, Dow can be forming the major wave (IV).
However, if Dow can break its upper trend line within the next few sessions, then wave 11 is the current wave as shown above.

Based on the low volume of 4.5 billions and 4.1 billions for the last two days respectively, it is more likely that Dow will turn down after reaching its upper resistance line. Scenario 1 is a more likely outcome unless volume can improves to above 6 billion.

In a heavier mood:

This is another must read article from Art Harun