Monday, May 30, 2011

The Foreign Experts

The protest at Hyatt Regency Kuantan this morning

Members of the IAEA International Expert Review Panel

Panel leader Dr Tero Varjoranta said the panel would "review the radiation safety aspects of the facility in relation to relevant international radiation safety standards and good practices."

Team Leader

Dr Tero Varjoranta (Finland)

Mr Varjoranta is the Director of the Division of Nuclear Fuel Cycle and Waste Technology at the IAEA Department of Nuclear Energy.

External Experts

Mr Jan van der Steen (Netherlands)

He is a subject-matter specialist in management, occupational and public/environmental radiation protection, regulatory aspects and education regarding Naturally Occurring Radioactive Material (NORM) issues.

Dr Leo M. Lowe (Canada)

A doctorate in Nuclear Physics from McMaster University, Dr Lowe is a senior health and environmental physicist at SENES Consultants

Dr P. M. Balagopala Pillai (India)

Dr. P. M. B. Pillai is a senior scientist at Bhabha Atomic Research Centre (BARC), where he was the Head of the Health Physics Unit, Indian Rare Earths Ltd plants in South India.

Dr Dennis Wymer (UK)

Dr Wymer holds a Ph. D in Mechanical Engineering from the Imperial College in the United Kingdom. He has worked for the IAEA from 1993 up to 2009 where he was in charge of the development of safety reports and training packages on radiation protection and radioactive waste management

Mr Ulric Schwela (Italy, Finland)

Mr Schwela is a subject matter expert on transportation of radioactive materials, works as the technical advisor to the Tantalum Niobium Study Centre in Belgium.

Internal (IAEA) Experts

Dr Magnus Vesterlind (Sweden)

Since September 2010, Dr Magnus Vesterlind is the Head of the Waste and Environmental Safety Section at the IAEA

Dr Horst Monken Fernandes (Brazil)

Dr Fernandes is a staff member of the IAEA’s Wastes Technology Section

The expected outcome from the experts
"The adopted operation procedures and safety measures followed international safety standard from A to Z"

"It is safe"
"No problem"

The same has been said in Bukit Merah

Highland Towers Certified safe by Engineers and Authorities
Design and Construction followed international codes and practices
from A to Z

It happened again

and again

and again


Followed international codes
Sound Engineering practices
Authority procedures and Guidelines
From A to Z

It happened Again

Because Our life is cheap,
at least cheaper than the Australian
Rm 3.28 : A$1.00

Too Late !!!!!!

Fukushima nuclear plants, designed, constructed and operated in accordance to stringent safety rules and procedures and .............

It was said to be very very safe.
The Japanese Government has Guaranteed.

and........ "Oop I am Sorry"

"Act of God"


Saturday, May 28, 2011

Email from London - Trip to Liverpool

Dear Pap,

You are right with respect to Liverpool. The original plan was the Beatles Tour and then the Anfield.

On the Beatles tour, we visited their home, saw their school and had Coca-Cola at the Cavern where they used to perform. We also went to Penny Lane, where the shelter in the middle of the roundabout is still there, but no longer used as a shelter, the bank of the banker with a motorcar is now Lloyds Bank, and the barber showing photographs of every head that he has known is Tony Slavin.

Too bad that there is no more Fire Station. One would have thought that the Fire Station is the last thing to go, and expect the shelter to disappear first (since it is in the middle of a roundabout).

We also stopped by Strawberry Fields (forever..... yeah!!!)

Paul passes the shelter, bank and barber on everyday that he goes to school or something like that. Strawberry Field was an orphanage where John's uncle and auntie used to take him for fairs.

However, we later found out that there is a very good church that we should see, and so we went to the church instead of Anfield, since it is quite a distance away.

The surprising thing, however, was that there was a Tate Britain there and I actually saw 2 famous paintings by Picasso and Dali in the gallery. I certainly did not expect to see them in the first place.

Tate Liverpool - International Modern and Contemporary Art

I consider myself very fortunate to be able to see the paintings, in a quiet art gallery and put my nose inches away from the paintings.

Weeping Woman - Picasso
"Agony and grief"

The Weeping Woman, one of the very characteristic Picasso pieces after he started his cubist movement.

Autumn Cannibalism - Dali

Salvador Dali - a prominent Spanish Catalan Surrealist Painter

Autumn cannibalism is probably one of Dali's most famous paintings drawn in 1936.

( For interpretation on Autumn Cannibalism click : One Surrealist a day )

We had tea, very good strawberry cakes. Later we had a very nice dinner overlooking the docks. Then we took a train ride back.

It is nice to be away from London.

End of email.


To show his gratitude to the eye-specialist that has restored his wife's vision, Picasso offered to paint a piece of his work on one of the walls in the eye-specialist's home. After two weeks of painting, the master piece was finally completed.

Staring at the master piece for a while, the eye-specialist whispered to his wife,"Thanks god I am not a Gynecologist."


Friday, May 27, 2011

Ekovest - head and shoulders, Part III

Ekovest closed the week at Rm2.64, almost touching its minimum target of Rm 2.60 for its 'head and shoulders' formation. Once this level is broken, the next support is Rm 1.70, the top of sub-wave 1.

For a more bullish wave count, the current downtrend is sub-wave 4. The next surge will be the sub-wave 5 of wave (3). Its price can reach Rm5.80 if wave (3) has a magnitude of 1.618 times that of wave (1).

For a more bearish wave count, the last peak can be the major wave (B) as shown below. Its price has a potential low of below Rm1.00. I think this possibility is quite slim based on the high volume recorded during its last surge, wave B usually has comparatively lower volume.


Thursday, May 26, 2011

Nasdaq - Next rebound can be short and shallow

Nasdaq is likely to have a short term rebound.

If sub-wave 5 is completed, the short rebound may form a 'head and shoulders' reversal pattern.

There is an alternative wave count if sub-wave 5 has not yet completed its journey. A 3-3-3-3-3 diagonal sub-wave 5 may be possible.

Bursa Malaysia

It appeared to me that the run up in the last 2 years is more likely to be a major wave B and it is likely that it has ended its run in January.

The index has reached its lower support line, once the support gives way, the downtrend will be accelerated. It can drop up to 700 points within the next 12 months.

Really has to

Poor MCA


Tuesday, May 24, 2011

Fukushima - Something you should know

0.000,001 gram plutonium, inhaled will give you cancer.
454 grams could give everyone on earth cancer.
Each reactor has 250,000 grams of plutonium. There are 6 reactors there.
Plutonium is going to get out and spread all over Northern Hemisphere.
When it rains...............


Monday, May 23, 2011

World Sell Off

The headline on Yahoo Finance at this moment.

Dow, Nasdaq and S&P have dropped more than 1% as shown below. Nasdaq has dropped to about 2750 after one hour of trading.

Asian market closed generally lower. Hang Seng Index was the worst performer with a 488 points or 2.11% drop.

British FTSE, German DAX and the French CAC40 as shown below have lost between 1.5% and 1.9% at this moment, one hour before closing.

As I have mentioned in my earlier posts, it is possible that the run since March 2009's low has ended. The short term mini waves have confirm the downtrend following by having a low lower than the previous low and high lower than the previous high.

Next I will be looking at sub-waves setting descending new lows and descending new highs.

Courtesy of Yahoo Finance for all the images.


Saturday, May 21, 2011

Ekovest - head and shoulders, Part II

Ekovest on 12th April 2011

In my 12th April post, I have shown the above chart when the price of Ekovest has marginally cut through the neckline of a potential 'Head and shoulders' formation supported by the volume pattern.

Since then Ekovest has dropped another 11%. It closed at Rm 2.94 yesterday. It will have to drop, at least, to Rm 2.60. It can also go much lower than Rm 2.60. But if this is a sub-wave 4 correction, it should not drop below Rm 1.70, the top of sub-wave 1 as shown below.

If Ekovest is heading for a major wave B formation, it will have another surge to form the sub-wave 5, after completing the sub-wave 4. Sub-wave 5 may reach somewhere near Rm 4.00 before starting its journey for its major wave C, that can go back to its 1998's low of below 50 sen. This will happen if Dow is going for double dips.

There is another possible wave count for Ekovest, a very bullish version as shown above. If the sub-wave 5 can reach Rm 5.00 or higher, it is only forming its wave (3). Wave (4) will take more than 12 months to form and the price is expected to hold above Rm 4.00 for an a-b-c correction. Its wave (5) that can start before end of 2012 or early 2013 can reach Rm 6.50 or higher to break its year 2000's height of Rm 7.80.


Thursday, May 19, 2011

We may have seen the peak.

Puente del Alamillo (a beautiful bridge in Spain)

I am rather bearish based on my hypothesis that the strong market run since 2009's low has ended. Wednesday rebound can be the mini wave 4 rebound. I am expecting further decline to complete the mini wave 5, to mark the end of sub-wave i. If the market really moving along this path, the next rebound, sub-wave ii, may climb 2% to form a 'Head and Shoulders' pattern before the starting of the next down wave, the sub-wave iii, that can drop at a steeper gradient.

This is only my hypothesis, I can be wrong.

The initial stage of a downtrend can be quite harmless. Some stocks will continue to surge to maintain the 'safe feeling'. However, most stocks will slide slowly and quietly without getting any attention until they have dropped quite substantially.

KAL's Cartoon

Courtesy of The Economist


Monday, May 16, 2011

Be Careful.

Nasdaq dropped below 2800 level and the top of mini wave i.

It is possible than mini wave v has been completed, a failure v. It is also possible that sub-wave 5 and wave (iii) were also completed.

As shown below, the historical peaks of Nasdaq and Dow were set in year 2000 and year 2007 respectively. These two indices somehow will have to move inline with each other. To match the two wave forms, Dow will have to take the form of a super wave (IV) for a A-B-C-D-E wave pattern whereas Nasdaq takes on a A-B-C-X-A-B-C formation as shown below.

Let's observe a few more days for confirmation on the completion of major wave 'X' for Nasdaq.