Uncertainty before and after the General Election

Bursa Malaysia FBMKLCI dropped about 9 points to close Wednesday trading session at 1627.

From its peak this year, the index has dropped about 4%. Many analysts expect the index to drop further in view of the uncertainty in the coming General Election.

So far the index is able to stay within the up-trend channel. 

From the table below, one can conclude that Bursa Malaysia will be wondering in its own world for a while until the election is over. Its direction after the election is another uncertainty.

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The Oeko Report - Environmental Evaluation on Lynas LAMP Plant near Kuantan

The tax-payers have to come up with their own money to finance an in-depth study that rightfully should be carried out by the Government before approving the Lynas LAMP plant near Kuantan.

Oeko-Institut is a leading European research and consultancy institute working for a sustainable future. Founded in 1977, Oeko-Institut is a non-profit association in Germany. They complete approximately 300 projects each year covering the subjects of Chemicals Management and Technology Assessment, Emission and Ambient Pollution Control, Radiation Protection, Nuclear Engineering and many other environment related subjects.

The author of this report is Gerhard Schmidt.

 Findings on the Water Leach and Purification (WLP) waste's radioactive content.

Their opinions on WLP waste re-used

 

Comments on the Residue Storage Facility (RSF).

 

On Emissions from the plant.

Click 'Oeko Report' to view the full report.

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Dow is OK but Bursa Malaysia may not be OK

Dow is on course to complete its wave (vii) of major wave (5). I see no immediate danger for major world bourses. The next major pullback will take place after the completion of major wave (5).

But Bursa Malaysia may behave differently due to the coming General Election.

The FBMKLCI has a sharp 2.4% drop on Monday and a close to 2% intra-day drop on Tuesday. However buyers were able to keep the index within the up-trend channel as shown below.

In the run-up to the 2008 election, KLCI dropped about 9% from the day of announcement to the last trading day before the election. The index dropped another 11% on the following trading day after BN lost its two-third majority and 5 states. But one has to bear in mind that during that period in 2008, US market and the whole world were in a big bear run. In fact Dow dropped close to 1000 points during the same period when KLCI dropped 20%.

Meanwhile pay attention to the 1620 level, it may not be able to hold when the big boys started another round of unloading. 

Bursa Malaysia KLCI

Bursa Malaysia KLCI dropped sharply today in anticipation of an announcement on the General Election. It dropped 40 points or 2.4% at the close of the trading session.

Despite the sharp drop, the index is able to stay within the uptrend channel.

As long as the index can remain within the channel, my current wave count remains valid. The index is currently forming the mini wave ii of the sub-wave (iii). But once it goes below the lower trend-line and goes lower than 1600 level, I will need to review my current wave count.


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Kuchai Developments Bhd

Kuchai Development Bhd is an asset holding company controlled by the super rich Lee Rubber family. During the last quarter of 2010, Kuchai attracted market's attention when it shot from 80 sen to Rm1.72 in less than 3 months.

In October 2010, Dali of Malaysia Finance has written a very good article on Kuchai.
Click 'How Do You View Kuchai Development' for the writeup.

After touching a low of 82 sen in June 2012 to form its second bottom, Kuchai started its new uptrend and it proceeded to complete its wave 1 and 2 before end of 2012. A few days ago, Kuchai managed to break through the neckline of its 'double-bottom' reversal pattern. It closed the week at Rm1.20. the short term target is Rm1.40.

For quarter ending September 2012 its earning per share is 20.9 sen and its net assets per share is Rm2.47. It is important to note that its 20.9 sen quarterly earning was due to 'fair value gain'.


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Big Blue Marble

If you love this big blue marble, just spare 21 minutes of your for the following video.



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Twilight Zone

Two bodyguards dragged her from a car, knocked her unconscious and shot her twice in the head. The killers then wrapped her body in C4 plastic explosives and blew her up, ensuring the foetus was destroyed along with the identity of the father. For good measure, they erased her entry into the country from immigration records.

Click The Story for more.

It is now or never

To get away from the Twilight Zone

 

Solidarity in London

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