Saturday, December 31, 2011

Happy New Year 2012

Hi Friends

Wishing all of you
a happy, healthy and prosperous 2012


Tuesday, December 27, 2011

Lemon Kills Cancer Cells

Received an email that said that Lemon can kill cancer cells and is 10,000 times stronger than chemotherapy.

Just put 2-3 thin slices of lemon into a container and add drinking water. Take this 'alkaline water' as your daily drinking water. It is that simple. It destroys malignant cancer cells without affecting healthy cells.

Click Peace Wisher for more information.

Just wonder whether there is any side effect to my body if I drink 'alkaline water' everyday.

Christmas Carol - Boney M


Sunday, December 25, 2011

Merry Christmas

Hi Friends

Dow - Where are we ?

Sub-wave iii of wave 2 of major wave C
Upper Limit at 12810


Friday, December 16, 2011

Illicit Financial outflow

Wah Lau eh, Malaysia occupied 5th spot with illicit capital outflow of US$291 billion (Rm 889 billion) between 2000 and 2008. In 2000 the amount was Rm 67.7 billion and by 2008 the annual outflow has jumped to Rm 208 billion. Assuming Rm 200 billion a year for 2009, 2010 and 2011, the cumulative outflow is Rm 1.489 trillion.

In world ranking, only on this sort of thing Malaysia can go very very high and can beat Singapore flat. This is what we call Malaysia Boleh!!!

A nicely written One citizen's wish-list from Dr. Kamal Amzan


Thursday, December 15, 2011

A story

Over the phone, his mother told him,
"Mr. Belser died last night. The funeral is Wednesday."

Memories flashed through his mind like an old newsreel as he sat quietly remembering his childhood days.

"Jack, did you hear me?"

"Oh, sorry, Mom. Yes, I heard you. It's been so long since I thought of him. I'm sorry, but I honestly thought he died years ago."

"Well, he didn't forget you. Every time I saw him he'd ask how you were doing. He'd reminisce about the many days you spent over 'his side of the fence' as he put it."

"I loved that old house he lived in," Jack said, "He's the one who taught me carpentry, I wouldn't be in this business if it weren't for him. He spent a lot of time teaching me things he thought were important ...... Mom, I'll be there for the funeral."

As busy as he was, he kept his word. Jack caught the next flight to his hometown.

Mr. Belser's funeral was small and uneventful. He has no children and relative.

The night before he had to return home, Jack and his Mom stopped by to see the old house next door one more time.

Standing in the doorway, Jack paused for a moment. It was like a leap through space and time. The house was exactly as he remembered. Every step held memories. Every picture, every piece of furniture ...... Jack stopped suddenly....

"What's wrong, Jack?" his Mom asked.

"The box is gone."

"What box?"

"There was a small gold box that he kept locked on top of his desk. I must have asked him a thousand times what was inside. All he'd said was 'the thing I valued most." Jack said.

It had been about two weeks since Mr. Belser died. One day, Jack received a mailed package. The box was old and looked like it had been mailed a hundred years ago. The return address caught his attention. "Mr. Harold Belser" it read.

Jack ripped open the package, there inside was the gold box. Jack carefully unlocked the box. There inside he found a beautiful gold pocket watch. Running his fingers slowly over the finely etched casing, he unlatched the cover. Inside he found these words engraved:

"Jack, thanks for your time and the memories - Harold Belser"


Wednesday, December 14, 2011

Italian Problem

Greece's Market, it is A-B-C

On Wednesday (December 14), Germany raised 4.2 billion euros from its 2-year bonds with an average yield of 0.29% which is 0.1% lower than its previous auction of 0.39% yield with bids exceeded offer by 1.4 times.

Just minutes later Italy has to pay a new auction record high 6.47% for its 5-year bonds to raise 3 billion euros. It is going to be a big problem for Italy in the first quarter of 2012 when Italy has to issue 62.5 billion of bonds.

The Germany's 0.29% yield indicates that there is cash out there looking for safe haven. Does it means there will be divergence between markets. Must keep this possibility at the back of my mind.

Dow dropped about 1% after 2 hours of trading. Last few session's high can be the end of wave 2, one of the possibilities that I have mentioned previously.


Tuesday, December 13, 2011

Very Pessimistic

"Europe is just like a drowning man bobbing to the surface. Each new breath provides hope that the situation is finally under control. But in reality it just brings us one step closer to Europe going down for the last time." - Mark Dow, a hedge fund manager.


Sunday, December 11, 2011

Be Careful

Kick Lynas Back To Australia

On Friday 26 of the 27 European Governments have agreed to give up part of their sovereignty in their budget planning (tax and spending). UK is the only country that has opted out.

Some have viewed the EU Summit as just another plan to make a plan. Details are missing except vague phrases. But the US and European markets gained between 1.5% to 3% with the hope that there is a planned large scale QE in the pipeline. More money will be printed in Europe to avoid a possible Euro-zone breakdown.

I choose to consider any rebound as short-term. I am still talking about a wave 2 of major wave C rebound. It is possible for wave 2 to end at this level as shown. A small 'Double Tops' pattern.

Or it may proceed to form a higher degree 'Double Tops' reversal pattern with 5 sub-waves run-up. The run may be able to last until mid January 2012.

Be careful.

Wave of Clark Little


Thursday, December 8, 2011

A Greek Tale

Greece lawmakers approved 2012 austerity budget yesterday with a overwhelming 258 - 41 majority in the 300-seat Parliament. The budget foresees a fourth year of recession. Economy is expected to contract 2.8%.

Earlier in the day there was violence outside the Parliament caused by about 2,000 student. With unemployment reaching 18.4% in August, it is hard for the youth to get a job. Unemployment plus high food price, Greece is expected to have more violence in 2012.

The next worry is the possibility of a "Bank Run". Worry about their country will be kick out of the Euro Zone, Greeks have been removing 100% of their savings from Greek banks. At the start of 2010 total savings and deposits with the banks was about Euro 237 billions. The amount has dropped to Euro 188 billions by August 2011. Since August the decline started to accelerate. Savings fell by Euro 5.4 billions in September followed by another Euro 8.5 billions in October, a record in a single month.

For more story, click Panic in Greece

The storm has yet to start.


Wednesday, December 7, 2011

All eyes on Europe

Asia stocks closed about 1.5% with optimism ahead of this Friday's European Meetings.

However, things changed within hours, by the time the US market opened, the headline becomes 'Wall Street Slips as Hope Dims For Europe Deal'. Dow drops about 0.5% after 1 hour of trading.

Short-term swings can be that unpredictable.

Technically the Option 2 scenario is of higher probability as shown below.

Minimum target is 12,303, the high of mini-wave i. Maximum target is 12,928 for a 100% retracement for wave 2 before the wave 3's plunge.

In this Friday, France and Germany will go all out to create a legally enforceable "fiscal union" for the Eurozone that can effectively end the solvency crisis. "What we want is to tell the world that in Europe the rule is that we pay back our debts, reduce our deficits, restore growth" said Nicolas Sarkozy, France's President.

But it is going to be an uphill task to get the whole EU to adopt centralised controls over how individual countries set their budgets and how much they can borrow. There were talks that British would resist the "fiscal union" proposal.


Monday, December 5, 2011

Email from a friend - Irony of Life

Most 'First Class' students get technical seats, some become Doctors and some Engineers

The 'Second Class' pass, and then get MBA, become Administrators and control the 'First Class'

The 'Third Class' pass, enter politics and become Ministers and control both.

The 'Failures' join the underworld and control all the above.

And those who do not attend any school become

Swamis and Gurus and Everyone goes to them.


Sunday, December 4, 2011

I really like this

Mohd Arshad Raji, "I saw a Hindustani look alike lady at the top of her voice and gesturing aggressively at an audience that seems to enjoy the antics of the lady."

Click Shahrizat in Defence of NFC for more.


Thursday, December 1, 2011

Dow - Same old question,"Has wave 2 ended?"

When I thought I could rule out the option 2 mentioned in my November 17 post, the 490 points surge on Wednesday has restored this option 2 scenario as shown below.

Yesterday the 4.2% surge stayed short of breaking the upper trend line. Once it is broken, Dow is likely to go for another 800 points run for a 100% retracement to form a 'Double Tops' reversal pattern. That may mark the starting of the wave 3 bear run.

Some have ask, "Can this be the bottom for Europe?"
Nobody can rule out this possibility. In another 12 months time when we look back, then only we know. At this moment when 'there is a strong possibility that the Euro will collapse and Europe will disintegrate' can be the worst time for the European markets especially if both Euro and Europe can survive.

But chart wise, I still like to maintain the major wave C scenario until such time that it can be ruled out.


Wednesday, November 30, 2011

Stocks jump more than 3.5%

Stocks in Europe and US rally after global central banks (Europe, US, Japan, British Canada ....... ) announced coordinated action to shore up liquidity in the financial system by reducing their borrowing rates. Market sentiment was also lifted by China announcement to reduce bank reserve levels. This is the first time in three years China eased her monetary policy. It is possible that China has started to feel nervous about the European debt problems.

In fact China Shanghai market has been drooping in the last 28 months since its July 2009 high of 3412 points. SSEC closed today session at 2333 for a 31% drop since July 2009.

Is this the turning point for SSEC? It is possible that China stocks may go in a different direction.

For US and Europe, the major wave C remains.

Monday, November 28, 2011

World Stocks Rose On New European Hope

US markets opened strongly, gaining 2.8% to 3.5% after one hour of trade.

European bourses gained 3% to 5% at this moment

Asian bourses closed with about 2% gain before the US markets opened.

Looked rather bullish on the hope that the European leaders would unveil new measures to resolve the debt problems.

This is only a technical rebound or short covering rally to me. Any rebound will be short-lived.

This is one of those mini-mini rebound wave. A small one to two days mini wave (iv) rebound as shown above. I don't think the European debt crisis has hit bottom when it has just started to threaten France and Germany.

The key words now is to protect your capital.

Friday, November 25, 2011

Protest against "Peaceful Assembly Bill" by FAC

FAC - Freedom of Assembly Campaign will be holding a protest on 26th November, 2.00pm at KLCC .

There will be a candlelight vigil at Dataran Merdeka at 8.00pm on the same day.

"Just Wear Yellow" FAC Coordinator said.

Massimo From Robert Kuok

Syed Mokhtar's Gardenia has a new competitor.

Wednesday, November 23, 2011

Dow - Don't you see the bear

At a glance, all the charts looked almost the same. The shape is the same except the magnitude of advance and decline. Dow has been holding very well despite of all its problems. Dow has given back only 21% of what it has gained from March 2009's low to April 2011's high.

FTSE has given back 34%

DAX -51%

CAC40 is the worst at -79%

In Asia Singapore has given back 33%

Australia -47%

Taiwan also -47%

Hang Seng -54%

All the charts have only 3 waves up since the 2009 bottom except Hong Kong. (Personally I would like to push the the wave 1-2 of Hong Kong to the left to be the last down wave of the 2007-2008 bear run). The 2009-2012 rebound is definitely a B wave and we have gone through one-third way of C. We are at the early stage of wave 3 of C at this moment.

In Europe, so far 5 governments have toppled, Greece, Italy, Portugal, Spain and Ireland, but the debts problems remained. Hedge funds are having good times moving from country to country hammering the Government securities. "See you at 7" seemed to be the target.

Next year, Europe will need to raise more than US$1.5 trillion to refinance maturing bonds at a much higher rate. With growing debts and the proposed austerity measures, that will lead to a shrinking GDP in general. Unemployment rate will go up, consumption will go down, even China may go into recession due to a slow down in its export. US economy is already in 'deep shit', I really can't find any reason for the market not to go south.


Tuesday, November 22, 2011

Peaceful Assembly Bill #@%?&#@

The Government has promised a political reform to allow "peaceful gatherings without permit" by scrapping Section 27 of the Police Act that requires a permit before holding any assembly.

A new "Peaceful Assembly Bill" was table today in the Parliament. Among the salient points of the bill are :

- No street protest are allowed
- Organisers must give a 30-day notice to the OCPD
- Those below 21 cannot organise an assembly
- An assembly cannot be held within 50m of a prohibited area
- The police may arrest without warrant organisers or participants who do not comply with the restrictions and conditions imposed.
- The Home minister may amend any sections in the Bill
- The Home Minister is allowed to make regulation for better execution of the Bill.
- Those who fail to adhere to the regulation can be imposed with a fine not exceeding Rm 10,000.00

How to have anti lynas protest??
Children under 15 are not allowed to say 'NO' to lynas, can be fined up to Rm10,000.00

Really #@$%&$#@%^&*?<#%&@%@#$%$@&?@#$%!&?


Monday, November 21, 2011

Dow - Finally confirmed. It is wave 3 of C

Buyers was able to keep the Dow that has only 30 component stocks above the lower support line but the S&P 500 has punched through the lower support as shown below.

The punch-through with a gap is even more glaring for Nasdaq. Finally it can be confirmed that we are at wave 3. We are in fact in wave iii of (iii) 0f i 0f 3, still a long way to go, hopefully we can see the bottom by December 2012.

Wave 2 is uaually the last chance for the hardcore bull to get out before the very damaging wave 3 runs wild.


We are always the No.1 in this sort of thing.


Saturday, November 19, 2011

Dow - Lower resistance broken

Dow finally moved out of the wedge on the lower end, chances is getting higher that the October high is the end of wave 2. With the mini waves i-ii, 1-2 and a small one dot-two dot, if this is the right interpretation, the next down trend will have to be a dynamic sharp drop to confirm that the wave 3 is unfolding.

I still cannot completely rule out the second option as the last mini wave e of the a-b-c-d-e corrective wave can either stop short or overshot. Try to look for confirmation next week.