Bursa Malaysia

Courtesy of allstarcharts.com

Nouriel Roubini, "Short-term bullish, long-term catastrophic." 

The bear has to wait for a while before the bull completes its final acts.

Similarly the Malaysian market is expected to move in tandem with the US and other Asian markets before the bubble bursts. 

FBMKLCI is expected to set new highs in its run to complete its wave 3, 4 and 5 of its major wave (5). 

The next question is which sector ?

Roubini advices investors to enjoy the short-term run while it lasts and he said, “In the short term, it's great for assets.”

When all the central banks are printing money to resolve the debt and deficit problems, the excess money is going to inflate stocks, properties and commodities.

 

In March, when everybody is focusing on the 13th GE, the property index managed to break out of its 10-year channel with the help from stocks such as Crescendo (1.78 to 2.98), Daiman (1.80 to 2.51), Guoco(0.83 to 1.27), KSL(1.60 to 2.16), Sunway(2.50 to 3.36), Tebrau( 0.90 to 1.43), UEM Land(2.30 to 3.17) ............... and others

Some Interesting Charts

Malton (56 sen)

Double bottom reversal pattern. Strong OBV (accumulation). First 2 quarters earning is 4.24 sen a share with net assets per share at Rm1.45. It has been resting on its neckline for 2 years. It put on 2.5 sen today with high volume. Is it ready to move? Minimum target is Rm1.30.

Perak Corp (Rm1.68)

A potential double bottom pattern, can be confirmed with a breakout above the neckline. It is possible that it is forming its wave (iii) of its major wave 3. 

Its 2012 earning for year ending 31/12/2012 is 38.1 sen per share with net assets per share of Rm4.68. Its last two quarters earnings are very impressive with 12.58 sen and 15.39 sen per share respectively. It is going to announce its 2013 first quarter earning before end of May. If it is another 15 sen per share, it may be able to break its neckline and can continue with its (iii) of 3's run.

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Back to stocks

If the People's Voice Rally at Kelana Jaya stadium tonight does not turn ugly, Malaysian stock market should have factored into its price the results of the 13th General Election. From now on, I would expect the market to move roughly in tandem with the world bourses especially the US market.

I always believe 'when uncle Sam sneezes, the whole world catches cold', I have to look at the Dow first to see whether there is any immediate danger before looking at the Malaysian market.

Refer to my previous posts on Dow, so far, Dow is rather well behaved. It is half-way through its sub-wave vii that is expected to be completed before end of this month.

Sub-wave viii's correction is expected to finish within 3 to 4 weeks before end of June. Next will be sub-wave ix, it will run for about 1-month to complete and that can be the end of wave (vii) too.

Wave (viii)'s correction in August is expected to drop about 8%. If wave (ix) can run for another 5 months, major wave (5) may complete in January 2014. If that is also the end of mega wave 1, watch out for the mega wave 2's correction and the possibility of 100% retracement. The mega wave 2 may take more than a year to complete.

So, from now until January 2014, Dow is not expected to have any serious pullback except the 8% correction for wave (viii).

However, if mega wave 1 has 9 major waves, after completing the major wave (5) the next pullback is major wave (6) and not the mega wave 2. This is possible as long as the central bankers continue to print money out of thin air.

 People's Voice Rally

Malaysiakini reported a 120,000 crowd at the Kenala Jaya stadium.

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Perak State Assembly

Is there anything wrong ?

State Assembly Seats Won

BN 31 : 28 Pakatan

Votes Received

BN 507,247 : 627,696 Pakatan

                      43.97% : 54.42%

(Total votes casted = 1,153,518)

There must be something wrong with the system.

BN has won 4 of the seats, namely Lubuk Merbau, Manjoi, Manong and Pasir Panjang with small majorities of 53 votes, 132 votes, 231 votes and 304 votes respectively. 

Click this article by Bridget Welsh, ' Disturbing questions surrounding GE13 polling ' for possible answers.

'Apa lagi Cina mahu ?'

This is today's headline of Utusan Malaysia.

!#*@!&%?#?*&*!#F*%?#&!

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What types of Tsunami ?

Ah Jib Gor, " It is a Chinese Tsunami."
Uncle Lim , "No no no, it is a Malaysian Tsunami."
BooSu-Lyn, " It is more of an Urban Tsunami."

I think it is more of an urban tsunami. If it was a Malaysian tsunami, the one that was taking the oath of office before the Yang di-Pertuan Agong should have been Anwar Ibrahim. However if Ah Jib Gor failed to resolve some of the issues raised by Pakatan, there may be a real 'Malaysian Tsunami'.

Lim Guan Eng, "Pakatan should be the legitimate winner."

Parliament Seats Won

BN 133 : 89 Pakatan

                           (60% : 40%)

Votes Received (million)

BN 5.237m : 5.623 Pakatan

                        (47.3% : 50.8%)

(Total votes casted = 11.054 millions)

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What to say ?

BN 133 : 89 Pakatan 

Very Happy that

Lim Kit Siang (DAP) 

won the Gelang Patah Parliamentary seat  

by a majority of 15,758 votes

Nurul Izzah (Keadilan)

 retains her Lembah Pantai Parliamentary seat

by a slight majority of 1,847 votes

Rafizi Ramli (Keadilan)

won the Pandan Parliamentary seat

by a 26,729-vote majority

 And Ibrahim Ali (Perkasa)

lost his  Pasir Mas seat

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Vote for our children

Ariffin Omar :

"We are now at the crossroads of our destiny. The 13th General Elections that is slated to be held on 5 May will decide once and for all what future we are going to bequeath to our children and grandchildren." 

Click ' Why we must vote for change' for the full article.

Click ' Electoral Fraud ' to find out the ugly side.

 





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The Prophecies

A whole new world  

That's where we'll be  

A thrilling chase  

A wondrous place  

For you and me

-Aladdin

 THE RAHMAN PROPHECY,

R : Tengku Abdul Rahman

A : Tun Abdul Razak

H : Tun Hussein Onn

M : Tun Dr. Mahathir

A : Tun Abdullah Badawi

N : Our Ah Jib Gor

A-1           F-6           K-11           P-16           U-21        Z-26
B-2           G-7           L- 12          Q-17          V-22
C-3           H-8           M-13          R-18          W-23
D-4           I-9             N-14          S-19           X-24
E-5           J-10          O-15          T-20            Y-25

R+A+H+M+A+N = 18+1+8+13+1+14 = 55

1957 + 55 = 2012 

That’s it. Time’s up.

It has to end on 5th May.

Next 

THE ANWAR PROPHECY ?

A : Anwar Ibrahim ?

N : Nurul Izzah ?

W : ?

A : ?

R : ?

A+N+W+A+R = 1+14+23+1+18 = 57

Is PR going to rule for the next 57 years until 2070 ?

With a clean and efficient government and without leakages,
I hope by then our exchange rate with Singapore is Rm 1 : Singapore$ 2.5  

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