Monday, September 28, 2015

Dow and KLCI - Wave c of ii continues.

Dow (16,097)

After 2 hours of trading Dow has dropped 217 points (-1.34%) to 16,097 on Monday. My reading for Dow remained the same. It has completed its major wave (6) and it is forming the wave c of its sub-wave ii at this moment.

FBMKLCI (1,608)

Similarly KLCI has completed its major wave 4 and is forming the wave c of its sub-wave ii.

If my reading is correct, both the Dow and KLCI will start their respective sub-wave iii before mid-October. But if I am wrong then both the indices will go lower than their respective August low.


Sunday, September 27, 2015

Happy Mid-Autumn Festival

Kill or not to kill ?

After reading the following written by Debi Phuah, I have no choice but to agree with CM Lim Guan Eng's decision.

From Debi Phuah :

Everyone is asking for vaccination but has anyone realised that vaccination only works for dogs that have yet to be infected? It will not cure a dog that has already been infected. 

Everyone talks about vaccination like it is some cure for rabies! The symptoms for an infected dog only shows up between 2 to 8 weeks, so meanwhile what then happens when one of this dogs goes and bite a human? Also, vaccination is not a one time thing. After the initial vaccination it will require booster shots on a yearly basis. Who is going to pay for all of these? And lastly, with the amount of strays that we have how are you going to conduct the vaccination at one go? Say you catch 20, vaccinate them and release them. How are you going to identify one stray from the next?

I hear a lot of people complaining, but has anyone thought about the practicality of conducting mass vaccinations? I know NGOs from other countries has offered to help but it will take a while for the vaccine to get here as approvals etc are needed, but what if it is too late by then and human lives have been loss? Also, has anyone thought about the fact that the mass culling is not so much to contain the disease, but to prevent human fatalities as well? If it was so easy to contain a virus, we might as well hunt down all the bats and cull them (after all they are the carriers of the rabies disease). But the issue here is not so much about containment but human health and life. 

So please, cut CM Lim Guan Eng some slack. He is between a rock and a hard place. Try being in his shoes. The welfare of his people or the welfare of the dogs? Would you still sing the same tune if you had a family member fall victim to this disease?

So for all you so called animal lovers who are so busy condemning here is a suggestion on how you can walk your talk : Adopt a stray or 2 or 10, vaccinate them, if they start to show symptoms, then put them to sleep. If they are not infected then they are now your pets and your responsibility. Give them the required booster shots every year. How about that?


Friday, September 25, 2015

It goes lower and lower and lower

The US$3 billion of 1MDB outstanding 4.4% notes maturing in 2023 has dropped to a new record low of 75 cents (US) for a US dollar.

Click '1MDB Dollar Bonds Slump to Record' for the report.

It is likely that there are more record lows waiting in front. Technically it is at its sub-wave iii of wave 3 of C. 

At 4.4% interest rate, 1MDB has to pay US$3x4.4% = US$0.132 billion or Rm 580 million (@ Rm4.4 to US$1.0) a year to the bond holders. 

To some, their interest is something else.


Petaling Street, Friday, Sept. 25.

China ambassador to Malaysia Dr. Huang Huikang - 
"The Chinese Government opposes terrorism 
and any form of discrimination against races 
and any form of extremism".


Sunday, September 20, 2015

Weekly Update

Dow (16,384)

Dow might have changed its form slightly, but it remained in its wave c of ii.

FBMKLCI (1,669)

Moving in tandem with the Dow, KLCI is forming an expanding a-b-c corrective wave ii.


Thursday, September 17, 2015

Crude Oil - Can only go higher

Crude Oil WTI (US$47.30/barrel)

Very likely major wave 3 has ended and major wave 4 has started. I expect this major wave 4 to last until 2017 with a possible high of US$80 a barrel.

The run-up in the last few days is either the sub-wave iii

Or it is the wave b of sub-wave ii.

But whatever it is, I expect the crude oil price to move higher in an up-trend channel until 2017 with possible peak at US$ 80 a barrel.


Tuesday, September 15, 2015

How a politician talked

This is legal. Wearing red is legal.

Najib, "The component parties had voiced out many opinions and we have decided to agree to disagree on IT."

The term 'agree to disagree' is a phrase in English referring to the resolution of a conflict whereby all parties tolerate but do not accept the opposing position - Wikipedia.

The interesting thing here is the 'IT' mentioned by Najib, whether he was referring to 'the red-shirt rally' or 'the objection by his component parties to the red-shirt rally'.

This is illegal. Wearing yellow is illegal too.

Some had claimed that this is a rally by the Malaysian of Chinese origin to humiliate them and their religion.

And they pointed the finger at DAP.


Monday, September 14, 2015

Dr. Lin See Yan - What are we to do

An excellent article published in the Star on 14th Sept 2015 written by Dr. Lin See Yan, former Deputy Bank Negara Governor.

Click ' What are we to do ' for the article.


Sunday, September 13, 2015

Short term - wave c of sub-wave ii in progress

Dow (16,433)

Next 2 weeks will see the formation of wave c of sub-wave ii.

FBMKLCI (1,603)

Similarly KLCI will be forming its wave c of sub-wave ii.


Until the day ..........


Wednesday, September 9, 2015

Go ahead, arrest me.

Nak tangkap, tangkap lah.


Sunday, September 6, 2015

Weekly update

Dow (16,102)

I would like to assume that major wave (6) for Dow has ended and Dow will be forming its major wave (7) from now until mid 2016, at least.

The current pullback is the sub-wave ii of wave (i) of (7).

FBMKLCI (1,589)

For KLCI, I hope I am right in assuming that major wave 4 has been completed and major wave 5 has started.

It is possible that KLCI is forming its mini wave 2 of sub-wave i of wave (i) of major wave 5. Mini wave 2 may go for 100% retracement but it should not go below its previous closing low of 1,532.

Signature International Bhd (Rm 1.88)

Someone has asked for my comment on this stock. Frankly speaking, I don't really want to touch this stock after its last quarterly earning announcement of 3.2 sens a share, a 71% drop from its previous earning of 11.2 sens with a corresponding drop in its quarterly revenue from Rm 87.5 million to Rm 55 million. Net assets per share is Rm 1.23.

Technically there are two possible wave counts. Under the first scenario, the current correction can be wave 4 with a possible 5 in front. Its OBV indicates distribution and its sub-wave (iii) is the shortest, not that right. Its latest earning of 3.2 sens does not support this wave count.

The second possible wave count is rather bearish, it has completed its major wave (1) and it is forming its major wave (2) at this moment with Rm 1.60 as its first target.

The next quarterly earning is crucial, anything that is less than 3 sens a share means - Game Over. Stock price will either move side way or move within a down-trend channel.

This is only my personal opinion and as I have always mentioned, I can be wrong.