Dow - Closed higher to complete the mini wave v of 9

Dow closed the week with an up-candlestick on Friday to complete the mini wave v of sub-wave 9 of wave 5. S&P and Nasdaq moved in a different direction to close unchanged and lower respectively as their respective wave 5 were completed two days earlier as shown below.


If mega wave B for Dow can be confirmed next week, I will expect the Industrial Index of Bursa Malaysia to follow Dow rather closely in the same direction as shown below.

Tenang By-Election

BUT

MCA has no interest on the above

The President's interest and attention is on Normala's hands

"She wears gloves when she shakes hands. If you can accept this kind of Islamic value, go ahead and vote for PAS.”

It would be interesting if Perkasa, Dr. M or that 'Azan volume' demonstration group or that 'cow head' demonstration group can comment on MCA's words.

Click Lakbir Singh of Art Harun. Interesting article.

Parmesan Cheese

The way my daughter wrote about a piece of Parmesan cheese that she bought from one Italian delis in Maida Vale really amused me. By the way, Parmesan cheese is the name of a few kinds of Italian extra-hard cheeses. It is the cheese to go with Spaghetti and other typical Italian pasta.



"I took out the cheese from the fridge, unwrapped it and was surprised that it has no smell (Parmesan normally smells like vomit). The immediate thought was that I was conned. Anyway, I cut a little slice and tried it. It was delicious – delicate and very elegant. Like the Audrey Hepburn of Parmesan, whereas the normal stuff is like Marilyn Monroe – sharp and impactful. (Of course, some people like Marilyn Monroe (ahem!) and some like Audrey Hepburn) Needless to say, it enhanced the flavour of my soup tremendously. It was really really good cheese."

Mmmmm, Audrey Hepburn Parmesan

Wow! Marilyn Monroe Parmesan

She likes Audrey Hepburn

and I like Marilyn Monroe

"The cheese was so good that it inspired me to cook spaghetti (I normally prefer to cook rice). And it was good with spaghetti. Then, I cooked Spanish chicken with pasta and it was good with Spanish chicken with pasta. And now, there is only a little bit of Audrey Hepburn left in my fridge as I contemplate going back all the way to Maida Vale to buy some more."









Have to look for some Marilyn Monroe Parmesan to keep in my fridge.

Dow - When will mega wave B end ?

A double dips will bring Dow back to the 6,000 mark.




I don't think US Treasury has any problem of paying the debts on time. Geithner can always borrow money from Federal Reserve that can simply switch on the printer and start printing.



On Wednesday, Dow closed almost unchanged with a 'Doji', but S&P dropped almost 1% with a solid red candlestick. If both the Dow and the S&P moved below the lower supporting trend line, this is another possible ending point for the mega wave B.

However if prices do not move below the lower trend line, major wave 5 can continue to form mini waves 10, 11, 12 and 13 and can just drag on.

If there is a pullback from this level and if the magnitude is about 4% to 5%, about 500 points drop, it is also possible that this is a wave 6 pullback, Dow will continue with another up-trend wave 7.

I still believe that Dow is at the tail end of its mega wave B but it is impossible to tell when and where B will stop. If there is a way, the market cannot exist as there will be only sellers with no buyers.

The final journey is always exciting and very speculating. Risk is high and the return can also be equally high, stock selection is crucial.

Click 'On Staying Solvent' to read what Richard Rusell has to say.

The article (on staying solvent) is plain common sense and we couldn’t agree more. It also reflects our current thinking. Why anyone would want to stay in the market, when one major whack in the stock market would wipe out all gains is beyond us. There are always suckers. We hope you are not one of them. - editorial.

BDI Continues to move lower

Baltic Dry Index that measures the shipping cost in transportation of commodity in bulk and has been commonly used by many as an indicator of economic activity, has been dropping for several months without any reversal sign. Whereas the CRB index which tracks the price movements of a basket of commodities has been moving consistently higher during the same period.



Dow has also been moving higher during the same period on expectation of improving economy and company earning. Some said the market is liquidity driven.


But personally, I think something is not right somewhere. It is either the BDI has to start to move higher to be inline with CRB and DOW or the later two have to drop rapidly to catch up with BDI.

Based on the long-term chart reading, whether the October 2007's peak is major wave 5 or the mega wave (III), chances are Dow and CRB have to go lower to be inline with BDI. When will Dow reverse its direction? How much longer can it last? One thing is for sure, the longer it dragged, the sharper the fall would be. This last ride can be very juicy, but once get caught, it can be very very painful too.

A Stupid Show

So, this is the insensitive MCA Lawyer that try to pave the way for another May 13

Acted like a new comer to this Boleh Land

Cannot be, right ?

Or

Was he acted under instruction

as

the Tenang by-election is around the corner ?

Mnnnn Looked Possible

He wrote to the Prime Minister

The PM's office referred the matter to Minister in charge of religious affairs, Jamil Baharom. That means the complaint was OK to the PM, nothing wrong.

Jamil Baharom sent it to JAWI or the Federal Territories Islamic Department. That also means that the Minister found nothing wrong with the letter.

Then, why we have this

But Nuzul was calm and cool

I think she can be a better PM
At least
She has a better look

Another Sad Incident
Clik Tolerance My Ass!

Dow - sub-wave 9 dragged on

There was no confirmation to the 'Hangman' candlestick, sub-wave 9 is expanding into 5 mini waves, i-ii-iii-iv and v. As I have mentioned previously, at market tops or bottoms, reversal candlesticks can be found but the appearance of reversal candlesticks do not guarantee that the market will change direction, they need confirmation.

Candlesticks technical analysis was developed by the Japanese businessmen in the 18th century for daily rice trading, it is reasonably good in determining short-term direction of price movement.

Quote

The older I get, the more clearly I remember things that never happened.
— Mark Twain

1 Malaysia

1Malaysia for all Malaysian

Tsu Koon : China says 1 Malaysia a good concept







A Chinese lawyer living nearby to the mosque, who had allegedly sought the help of Prime Minister Najib Razak in ordering a mosque to reduce the volume of its “azan” or call-to-prayer loudspeakers. The PM's office referred the matter to Minister in charge of religious affairs, Jamil Baharom, who then sent it to JAWI or the Federal Territories Islamic Department.




Angry at what they deem to be an insult to their religion and culture, more than 100 Muslim protesters burned effigies and demanded that the man be arrested under Internal Security Act, which allows detention without trial for indefinite periods of time.

“As a lesson to him and people like him, the government should also advise the complainant to move out to another neighbourhood or even change his citizenship to countries that suits his taste,”


Nurul Izzah is the Member of Parliament for the area, "Islam is a religion of justice, peace and the middle path. It does not condone acts of extreme hatred and bigotry. I urge all parties to exercise restraint, patience and mutual understanding," “Let us seek transparency in this matter and execrcise calm and collected reasoning in dealing with this matter."




In 2008 Teresa Kok was arrested under the ISA for allegedly asking a Puchong mosque to reduce the volume of its loudspeakers. Kok, who was released a week after her arrest, denied the allegation while the mosque’s committee members also came forward to defend the Selangor DAP chairman.



Remember the following incidence

To protest against the construction of an Indian temple in Shah Alam residential area

If writing a letter to request for the lowering of the volume of loudspeaker should be arrested under ISA, what should be the rightful punishment for this group of protesters???