Friday, April 5, 2013

Weaknesses In The World Equities Market ????

I was wrong when my last posting mention that the Malaysian share market have more potential to the downside. I was caught by the surprise when the FBM-KLCI move and shoot towards 1,700 points (consider Double Top has perform) - might be some consolidation move.  It is incredible and fantastic that the FBM-KLCI manage to create new high in just 1 week. Many investors or punters were also caught by this surprise.

Right now we must really examine whether the FBM-KLC still have the potential to move further. I really have no comments on this issue but I have few things that I would like to share with my readers on how the world equities will perform these few coming weeks. I might be wrong but just want to share some info on it.


Based on current on going news it is quite likely the that the world equities market might be heading for consolidation. There are few things that might jeopardized the world equities market.

Such as ;-

1) The North Korea Threat which is almost escalate to war (unlikely to happen). 
2) H7N9 Bird Flu which already kill its fifth victim in China (remember the SARS outbreak in 2003).
3) Continuation of European financial problems.

Another things that I would like to emphasized was current chart reading also suggest some weaknesses in most of the world equities share market and the Dow Jones Industrial Average also facing some weaknesses ahead in its chart reading.

Monday, March 25, 2013

Where the FBM-KLCI Heading To This Week?

This week where will the FBM-KLCI heading to? It is quite obvious that the share market is waiting for the announcement from Dato Seri Najib when our parliament will be dissolved. Can our share market especially the FBM-KLCI move up to reach 1,700 points at these moments? 

I'm doubt about it as the sentiment was so sensitive whenever there were some speculation news about the GE-13 is going to announce, the share market will react aggressively. Some said it will be announce today (Monday) and some even mention that before end of this week, for sure there will be an announcement either this week or next week or maybe after LIMA show in Langkawi. How the FBM-KLCI is going to fare when the announcement of parliament dissolution?


Based on the chart reading the FBM-KLCI still stay in the negative territory and it is below the 200 days moving average. This is not a good sign as it represent that the FBM-KLCI might be aiming to test the 1,600 points in near term (1,590 - 1600 strongest support). We might seeing that the Bear's are coming out huge to take over the Bull's.

Till today from my survey around with my friends and colleges, many of them would vote for Pakatan Rakyat (PR) rather going for Barisan Nasional (BN) but in the rural area BN have more chances in securing their votes. Seeing this current scenario it didn't favour the FBM-KLCI at all. Anytime from now we might be experiencing some huge movements in FBM-KLCI till the day of GE-13 (election day) when the announcement of parliament dissolution is announce.

More downturn rather than upside movement will likely to happen in FBM-KLCI for this coming week.

Thursday, February 28, 2013

P.Balasubramaniam Statement Can Cause Panic On Datuk Seri Najib ????

Something BIG is going to happen in Malaysia political agenda with the up coming 13th General Election just not far away. P.Balasubramaniam just arrived in Malaysia on Sunday 24th February 2013 from India. He mention that he is going to issue a statement that will throw all the allegation towards current Malaysia Prime Minister - Datuk Seri Najib and Datin Rosmah based on the Statutory Declaration 1


The most important elements right now whether the allegation for the whole truth (Statutory Declaration 1) can be consider have any impact towards our - 1) Malaysian political stability, 2) The results on the 13th General Election and the most important, 3) The sentiment on Malaysian share market?

I was wondering after so long he has been in the hideout in India and all the sudden, he come back and vow that the current governments NEED TO BE CHANGE !!!

" T U K A R  -  K E R A J A A N "

Tuesday, February 26, 2013

" I'm Back " - P.Balasubramaniam Back for Revenge???

Any effect on the Malaysian share market and GE13???

P.Balasubramaniam:
"I swear on this holy book (the Bhagavad Gita) that the first Statutory Declaration is the truth and nothing but the truth. I’m sorry to all of you that the second Statutory Declaration is not true."

1st - STATUTORY DECLARATION

I, Balasubramaniam a/l Perumal (NRIC NO: xxxxxx-xx-6235) a Malaysian Citizen of full age and residing at xxxxx, Selangor do solemly and sincerely declare as follows :-
 
1. I have been a police officer with the Royal Malaysian Police Force having jointed as a constable in 1981 attached to the Police Field Force. I was then promoted to the rank of lance Corporal and finally resigned from the Police Force in 1998 when I was with the Special Branch.
 
2. I have been working as a free lance Private Investigator since I left the Police Force.

3. Sometime in June or July 2006, I was employed by Abdul Razak Baginda for a period of 10 days to look after him at his office at the Bangunan Getah Asli, Jalan Ampang between the hours of 8.00 a.m. to 5.00 p.m each working day as apparently he was experiencing disturbances from a third party.
 
4. I resigned from this job after 2 ½ days as I was not receiving any proper instructions.
 
5. I was however re-employed by Abdul Razak Baginda on the 05-10-2006 as he had apparently received a harassing phone call from a Chinese man calling himself ASP Tan who had threatened him to pay his debts. I later found out this gentleman was in fact a private investigator called Ang who was employed by a Mongolian woman called Altantuya Shaaribuu.
 
6. Abdul Razak Baginda was concerned that a person by the name of Altantuya Shaaribuu, a Mongolian woman, was behind this threat and that she would be arriving in Malaysia very soon to try and contact him.
 
7. Abdul Razak Baginda informed me that he was concerned by this as he had been advised that Altantuya Shaaribuu had been given some powers by a Mongolian ‘bomoh’ and that he could never look her in the face because of this.
 
8. When I enquired as to who this Mongolian woman was, Abdul Razak Baginda informed me that she was a friend of his who had been introduced to him by a VIP and who asked him to look after her financially.
 
9. I advised him to lodge a police report concerning the threatening phone call he had received from the Chinese man known as ASP Tan but he refused to do so as he informed me there were some high profile people involved.
 
10. Abdul Razak Baginda further told me that Altantuya Shaaribuu was a great liar and good in convincing people. She was supposed to have been very demanding financially and that he had even financed a property for her in Mongolia.
 
11. Abdul Razak Baginda then let me listen to some voice messages on his handphone asking him to pay what was due otherwise he would be harmed and his daughter harassed.
 
12. I was therefore supposed to protect his daughter Rowena as well.
 
13. On the 09.10.2006 I received a phone call from Abdul Razak Baginda at about 9.30 a.m. informing me that Altantuya was in his office and he wanted me there immediately. As I was in the midst of a surveillance, I sent my assistant Suras to Abdul Razak Baginda’s office and I followed a little later. Suras managed to control the situation and had persuaded Altantuya and her two friends to leave the premises. However Altantuya left a note written on some Hotel Malaya note paper, in English, asking Abdul Razak Baginda to call her on her handphone (number given) and wrote down her room number as well.
 
14. Altantuya had introduced herself to Suras as ‘Aminah’ and had informed Suras she was there to see her boyfriend Abdul Razak Baginda.
 
15. These 3 Mongolian girls however returned to Abdul Razak Baginda’s office at the Bangunan Getah Asli, Jalan Ampang again, the next day at about 12.00 noon. They did not enter the building but again informed Suras that they wanted to meet Aminah’s boyfriend, Abdul Razak Baginda.
 
16. On the 11.10.2006, Aminah returned to Abdul Razak Baginda’s office on her own and gave me a note to pass to him, which I did. Abdul Razak Baginda showed me the note which basically asked him to call her urgently.
 
17. I suggested to Abdul Razak Baginda that perhaps it may be wise to arrange for Aminah to be arrested if she harassed him further, but he declined as he felt she would have to return to Mongolia as soon as her cash ran out.
 
18. In the meantime I had arranged for Suras to perform surveillance on Hotel Malaya to monitor the movements of these 3 Mongolian girls, but they recognized him. Apparently they become friends with Suras after that and he ended up spending a few nights in their hotel room.
 
19. When Abdul Razak Baginda discovered Suras was becoming close to Aminah he asked me to pull him out from Hotel Malaya.
 
20. On the 14.10.2006, Aminah turned up at Abdul Razak Baginda’s house in Damansara Heights when I was not there. Abdul Razak Baginda called me on my handphone to inform me of this so I rushed back to his house. As I arrived, I noticed Aminah outside the front gates shouting “Razak, bastard, come out from the house”. I tried to calm her down but couldn’t so I called the police who arrived in 2 patrol cars. I explained the situation to the police, who took her away to the Brickfields police station.
 
21. I followed the patrol cars to Brickfields police station in a taxi. I called Abdul Razak Baginda and his lawyer Dirren to lodge a police report but they refused.
 
22. When I was at the Brickfields police station, Aminah’s own Private Investigator, one Mr. Ang arrived and we had a discussion. I was told to deliver a demand to Abdul Razak Baginda for USD$500,000.00 and 3 tickets to Mongolia, apparently as commission owed to Aminah from a deal in Paris.
 
23. As Aminah had calmed down at this stage, a policewoman at the Brickfields police station advised me to leave and settle the matter amicably.
 
24. I duly informed Abdul Razak Baginda of the demands Aminah had made and told him I was disappointed that no one wanted to back me up in lodging a police report. We had a long discussion about the situation when I expressed a desire to pull out of this assignment.
 
25. During this discussion and in an attempt to persuade me to continue my employment with him, Abdul Razak Baginda informed me that :-

25.1 He had been introduced to Aminah by Datuk Seri Najib Tun Razak at a diamond exhibition in Singapore.

25.2 Datuk Seri Najib Tun Razak informed Abdul Razak Baginda that he had a sexual relationship with Aminah and that she was susceptible to anal intercourse.

25.3 Datuk Seri Najib Tun Razak wanted Abdul Razak Baginda to look after Aminah as he did not want her to harass him since he was now the Deputy Prime Minister.


25.4 Datuk Seri Najib Tun Razak, Abdul Razak Baginda and Aminah had all been together at a dinner in Paris.

25.5 Aminah wanted money from him as she felt she was entitled to a USD$500,000.00 commission on a submarine deal she assisted with in Paris.
 
26. On the 19.10.2006, I arrived at Abdul Razak Baginda’s house in Damansara Heights to begin my night duty. I had parked my car outside as usual. I saw a yellow proton perdana taxi pass by with 3 ladies inside, one of whom was Aminah. The taxi did a U-turn and stopped in front of the house where these ladies rolled down the window and wished me ‘Happy Deepavali’. The taxi then left.
 
27. About 20 minutes later the taxi returned with only Aminah in it. She got out of the taxi and walked towards me and started talking to me. I sent an SMS to Abdul Razak Baginda informing him “Aminah was here”. I received an SMS from Razak instructing me “To delay her until my man comes”.
 
28. Whist I was talking to Aminah, she informed me of the following :-

28.1 That she met Abdul Razak Baginda in Singapore with Datuk Seri Najib Tun Razak.

28.2 That she had also met Abdul Razak Baginda and Datuk Seri Najib Tun Razak at a dinner in Paris.

28.3 That she was promised a sum of USD$500,000.00 as commission for assisting in a Submarine deal in Paris.

28.4 That Abdul Razak Baginda had bought her a house in Mongolia but her brother had refinanced it and she needed money to redeem it.

28.5 That her mother was ill and she needed money to pay for her treatment.

28.6 That Abdul Razak Baginda had married her in Korea as her mother is Korean whilst her father was a Mongolian/Chinese mix.

28.7 That if I wouldn’t allow her to see Abdul Razak Baginda, would I be able to arrange for her to see Datuk Seri Najib Tun Razak.
 
29. After talking to Aminah for about 15 minutes, a red proton aeroback arrived with a woman and two men. I now know the woman to be Lance Corporal Rohaniza and the men, Azilah Hadri and Sirul Azahar. They were all in plain clothes. Azilah walked towards me while the other two stayed in the car.
 
30. Azilah asked me whether the woman was Aminah and I said ‘Yes’. He then walked off and made a few calls on his handphone. After 10 minutes another vehicle, a blue proton saga, driven by a Malay man, passed by slowly. The drivers window had been wound down and the driver was looking at us.
 
31. Azilah then informed me they would be taking Aminah away. I informed Aminah they were arresting her. The other two persons then got out of the red proton and exchanged seats so that Lance Corporal Rohaniza and Aminah were in the back while the two men were in the front. They drove off and that is the last I ever saw of Aminah.
 
32. Abdul Razak Baginda was not at home when all this occurred.
 
33. After the 19.10.2006, I continued to work for Abdul Razak Baginda at his house in Damansara Heights from 7.00 p.m. to 8.00 a.m. the next morning, as he had been receiving threatening text messages from a woman called ‘Amy’ who was apparently ‘Aminah’s’ cousin in Mongolia.
 
34. On the night of the 20.10.2006, both of Aminah’s girl friends turned up at Abdul Razak Baginda’s house enquiring where Aminah was. I informed them she had been arrested the night before.
 
35. A couple of nights later, these two Mongolian girls, Mr. Ang and another Mongolian girl called ‘Amy’ turned up at Abdul Razak Baginda’s house looking for Aminah as they appeared to be convinced she was being held in the house.
 
36. A commotion began so I called the police who arrived shortly thereafter in a patrol car. Another patrol car arrived a short while later in which was the investigating officer from the Dang Wangi Police Station who was in charge of the missing persons report lodged by one of the Mongolians girls, I believe was Amy.
 
37. I called Abdul Razak Baginda who was at home to inform him of the events taking place at his front gate. He then called DSP Musa Safri and called me back informing me that Musa Safri would be calling handphone and I was to pass the phone to the Inspector from Dang Wangi Police Station.
 
38. I then received a call on my handphone from Musa Safri and duly handed the phone to the Dang Wangi Inspector. The conversation lasted 3 – 4 minutes after which he told the girls to disperse and to go to see him the next day.
 
39. On or about the 24.10.2006, Abdul Razak Baginda instructed me to accompany him to the Brickfields police station as he had been advised to lodge a police report about the harassment he was receiving from these Mongolian girls.
 
40. Before this, Amy had sent me an SMS informing me she was going to Thailand to lodge a report with the Mongolian consulate there regarding Aminah’s disappearance. Apparently she had sent the same SMS to Abdul Razak Baginda. This is why he told me he had been advised to lodge a police report.
 
41. Abdul Razak Baginda informed me that DPS Musa Safri had introduced him to one DSP Idris, the head of the Criminal division, Brickfields police station, and that Idris had referred him to ASP Tonny.
 
42. When Abdul Razak Baginda had lodged his police report at Brickfields police station, in front of ASP Tonny, he was asked to make a statement but he refused as he said he was leaving for overseas. He did however promise to prepare a statement and hand ASP Tonny a thumb drive. I know that this was not done as ASP Tonny told me.
 
43. However ASP Tonny asked me the next day to provide my statement instead and so I did.
 
44. I stopped working for Abdul Razak Baginda on the 26.10.2006 as this was the day he left for Hong Kong on his own.
 
45. In mid November 2006, I received a phone call from ASP Tonny from the IPK Jalan Hang Tuah asking me to see him regarding Aminah’s case. When I arrived there I was immediately arrested under S.506 of the Penal Code for Criminal intimidation.
 
46. I was then placed in the lock up and remanded for 5 days. On the third day I was released on police bail.
 
47. At the end of November 2006, the D9 department of the IPK sent a detective to my house to escort me to the IPK Jalan Hang Tuah. When I arrived, I was told I was being arrested under S.302 of the Penal Code for murder. I was put in the lock up and remanded for 7 days.
 
48. I was transported to Bukit Aman where I was interrogated and questioned about an SMS I had received from Abdul Razak Baginda on the 19.10.2006 which read “delay her until my man arrives”. They had apparently retrieved this message from Abdul Razak Baginda’s handphone.
 
49. They then proceeded to record my statement from 8.30 a.m. to 6.00 p.m. everyday for 7 consecutive days. I told them all I knew including everything Abdul Razak Baginda and Aminah had told me about their relationships with Datuk Seri Najib Tun Razak but when I came to sign my statement, these details had been left out.
 
50. I have given evidence in the trial of Azilah, Sirul and Abdul Razak Baginda at the Shah Alam High Court. The prosecutor did not ask me any questions in respect of Aminah’s relationship with Datuk Seri Najib Tun Razak or of the phone call I received from DSP Musa Safri, whom I believe was the ADC for Datuk Seri Najib Razak and/or his wife.
 
51. On the day Abdul Razak Baginda was arrested, I was with him at his lawyers office at 6.30 a.m. Abdul Razak Baginda informed us that he had sent Datuk Seri Najib Tun Razak an SMS the evening before as he refused to believe he was to be arrested, but had not received a response.
 
52. Shortly thereafter, at about 7.30 a.m., Abdul Razak Baginda received an SMS from Datuk Seri Najib Tun Razak and showed, this message to both myself and his lawyer. This message read as follows :- ” I am seeing IGP at 11.00 a.m. today …… matter will be solved … be cool”.
 
53. I have been made to understand that Abdul Razak Baginda was arrested the same morning at his office in the Bangunan Getah Asli, Jalan Ampang.
 
54. The purpose of this Statutory declaration is to :-

54.1 State my disappointment at the standard of investigations conducted by the authorities into the circumstances surrounding the murder of Altantuya Shaaribuu.

54.2 Bring to the notice of the relevant authorities the strong possibility that there are individuals other than the 3 accused who must have played a role in the murder of Altantuya Shaaribuu.

54.3 Persuade the relevant authorities to reopen their investigations into this case immediately so that any fresh evidence may be presented to the Court prior to submissions at the end of the prosecutions case.

54.4 Emphasize the fact that having been a member of the Royal Malaysian Police Force for 17 years I am absolutely certain no police officer would shoot someone in the head and blow up their body without receiving specific instructions from their superiors first.

54.5. Express my concern that should the defence not be called in the said murder trial, the accused, Azilah and Sirul will not have to swear on oath and testify as to the instructions they received and from whom they were given.
 
55. And I make this solemn declaration conscientiously believing the same be true and by virtue of the provisions of the Statutory Declaration Act 1960.
 
SUBCRIBED and solemnly )
declared by the abovenamed )
Balasubramaniam a/l Perumal ]
this day of 2008 )
Before me,
…………………………………
Commissioner for Oath
Kuala Lumpur
 
2nd - STATUTORY DECLARATION
 
I, Balasubramaniam Perumal, do solemnly and sincerely declare as follows:
 
I have been a police officer with the Royal Malaysian Police Force having joined as a constable in 1981. I was subsequently promoted to the rank of lance corporal and finally resigned from the Royal Malaysian Police Force in 1998.
 
1. I currently work as a freelance private investigator.
 
P. Balasubramaniam2. I wish to refer to the statutory declaration I affirmed on July 1, 2008. I refer specifically to paragraphs 8, 25, 28, 49 and 50 to 52, wherein I have stated inter-alia that:
 
a) Abdul Razak Baginda informed me that he was introduced to Altantuya Shaariibuu by a VIP;

b) Najib Razak informed Abdul Razak Baginda that he had a sexual relationship with Altantuya Shaariibuu and that she was susceptible to anal intercourse;
 
c) Najib Razak instructed Abdul Razak Baginda to look after Altantuya Shaariibuu as he did not want her to harass him since he was the deputy prime minister;
 
d) Najib Razak, Abdul Razak Baginda and Altantuya Shaariibuu had met and all been together at a dinner in Paris;
 
e) Altantuya Shaariibuu wanted money in the sum of US$500,000 as a commission for a submarine deal she assisted with in Paris;
 
f) Altantuya Shaariibuu met Najib Razak in Singapore;
 
g) Altantuya Shaariibuu wanted me to arrange to see Najib Razak;
 
h) I told the police about the relationship between Najib Razak and Altantuya Shaariibuu but when it came to sign my statement this detail was left out;
 
i) The prosecutor during the course of the trial in the High Court of Shah Alam did not ask me any questions in respect of Altantuya Shaariibuu’s purported relationship with Najib Razak or of a phone call I received from one DSP Musa Safri, whom I believe was the ADC to Najib Razak and/or his wife;
 
j) Abdul Razak Baginda informed me that he had sent Najib Razak an SMS the evening before he was arrested but did not receive a response; and
 
k) Najib Razak sent an SMS to Abdul Razak Baginda on the day of his arrest to the effect that he was going to see the IGP that day and that the matter should be resolved and for Abdul Razak Baginda to remain calm.
 
3. I wish to retract all the statements that I have made in paragraphs 8, 25, 28, 49 and 50 to 52 of my statutory declaration dated July 1, 2008. The statements contained in paragraphs 8, 25, 28, 49 and 50 to 52 of my statutory declaration dated July 1, 2008 are inaccurate and not the truth. I wish to expressly state that:
 
a) At no material time did Abdul Razak Baginda inform me that he was introduced to Altantuya Shaariibuu by a VIP;
 
b) At no material time did Razak Baginda inform me that Najib Razak had a sexual relationship with Altantuya Shaariibuu and the she was susceptible to anal intercourse;
 
c) At no material time did Abdul Razak Baginda inform me that Najib Razak instructed Abdul Razak Baginda to look after Altantuya Shaariibuu as he did not want her to harass him since he was the deputy prime minister;
 
d) At no material time did Razak Baginda and/or Altantuya Shaariibuu inform me that Najib Razak, together with Abdul Razak Baginda and Altantuya Shaariibuu had met and all been together at a dinner in Paris;
 
e) At no material time did Altantuya Shaariibuu inform me that she wanted money in the sum of US$500,000 as a commission for a submarine deal she assisted with in Paris;
 
f) At no time whatsoever did Abdul Razak Baginda and/or Altantuya Shaariibuu inform me that Najib Razak met with Altantuya Shaariibuu in Singapore;
 
g) At no time whatsoever did Altantuya Shaariibuu inform me that she wanted me to arrange to see Najib Razak;
 
h) At no time did I tell the police during the course of their investigations about any relationship between Najib Razak and Altantuya Shaariibuu as no such relationship existed to my knowledge. Accordingly, the statement I signed before the police is complete;
 
i) At no time did Abdul Razak Baginda inform me that he had sent Najib Razak an SMS the evening before he was arrested; and
 
j) At no time did Abdul Razak Baginda inform me that Najib Razak had sent him an SMS on the day of his arrest to the effect that he was going to see the IGP that day and that the matter should be resolved and for Abdul Razak Baginda to remain calm.
 
4. In addition, I wish to retract the entire contents of my statutory declaration dated July 1, 2008. I was compelled to affirm the said statutory declaration dated July 1, 2008 under duress.
 
And I make this solemn declaration voluntarily and conscientiously believing the same to be true, and by virtue of the provisions of the Statutory Declarations Act 1960.
 
Balasubramaniam a/l Perumal

Friday, February 22, 2013

JCY Performance Very Dissapointed.

Last week after some review and study done on JCY International Berhad, it seems that this counter cannot perform at all. A strong support at the level of RM 0.615 cent also broken. At these moments staying out from this counter would be the best idea. Monitoring how the counter would perform will be a wise strategy on finding where would be the lowest bottom that this counter can reach.
 
On FBM-KLCI performance - 1,590 points would be the strongest support for the Malaysian share market. A break of this level would send the FBM-KLCI towards the 1,530 points.

Monday, February 18, 2013

JCY International Berhad. Posibilty To Move Higher??

Based on the current FBM-KLCI chart, the on-coming 13th General Election has great impact towards our share market sentiments and performance. It is quite hard to know which counters are going to perform accordingly. If we want to follow current Malaysia share market performance, it is advisable to stay out while we are waiting for fresh indicator that could give us some clues whether the time has arrive for us to go in but some times during the share market down turn, it happens to be there are some few counters that might behave against the share market current downturn.

One of the counters that falls into my view was JCY International Berhad. Looking at the chart we can see that this counter might has the ability to push towards RM0.70 level first before making another attempt to push it higher towards RM0.80 level but this must be confirm with volume increase accordingly when this counter start to move higher.
 
Based on the chart reading and my points of view, we cannot treat or confirm my selection that this counter can move higher. It is base on the chart reading and the way it behave recently. Whether this counter can move higher or not, it has to base on the current sentiments and the performances of overall share market sentiments or maybe this counter can react crazily. Who knows???

Wednesday, February 13, 2013

FBM-KLCI Tumbles 10 Percent!! Would it Happens Again????

It seems that the 13th General Election is getting nearer and nearer. It will be a tough fight for Barisan Nasional and Pakatan Rakyat as well. Things have change lots since the Pakatan Rakyat took over the states of Selangor, Penang and Kedah with the Barisan Nasional governments are maturing day by day implementing lots of goodies from the losses they suffer during last elections. It is a good thing that opposition (Pakatan Rakyat) did well to shaken them (Barisan Nasional) up.

Judging from the performance of three states, Penang is doing their best compare to previous Barisan Nasional state government. They have really wins the heart of the Penangites but things really didn't get along well for Selangor and Kedah state governments with Kelantan state out of the question because the Kelantanese already get use to it with their Islamic state administration. The rest I would say they are not really doing well after giving them the 5 years opportunity to manage the states.

Selangor states government always lauded their voices with their coffers increase many fold after managing the states for 4 years (cost cutting measure and no major developments projects) but one thing for sure they really don't know how to spend that kind of money for the benefit of Rakyat Selangor. Road maintenance, more development and construction to ease traffic congestion, infrastructure, allocation for children education, old folks benefit and lots of things never have been really plan for the future. Traffic in the Klang Valleys are getting worse each day, education cost are getting higher and higher.
Coming back to our Malaysian share market performance, it seems that we are lack behind if we want to compare it to the rest of the world equities markets. Most of the world equities markets are moving uptrend but the Malaysian share market is moving down trend. This is quite obvious that this coming election would have major effect to our current share market sentiments.

Jugging from the previous 12th General Election held in 2008, the share market went down first before the election took place. During that time the share market stay quiets and move down before the political tsunami took over the share market.

For the first time when the share market opened on 10th March 2008 after the election results, the KLCI tumble 10 % and trigger the Bursa Malaysia halted trading at 2.58pm after the Kuala Lumpur Composite Index fell 10%, which is the maximum limit. The KLCI fell 130.01 points to 1,166.32. Trading was resume at 3.58pm. I was there "LIVE" watching how the KLCI went down. It was so trilling to watch that kind of  happening once in a life time.

WOULD IT HAPPENS AGAIN ??????????

Monday, February 11, 2013

Happy Chinese New Year 2013

Happy Chinese New Year
2013

Tuesday, November 27, 2012

FBM-KLCI In Bad Situation? Oversold !!!

Lately we are experiencing some sharp downturn on the FBM-KLCI since the beginning of November till now. Most of the blue chip counters didn't perform at all. For almost 2 months I didn't wrote any article inside my blog because I didn't see any exciting news to write on our Malaysian share market performance. It is the worst performance for most of the counters.

 The performance and the sentiments on our share market didn't truly or show genuine share market movements. We can notice that in the beginning of the 3rd quarter our Malaysian share market start to move higher and create so many ALL TIME HIGH for the FBM-KLCI but our share market and most of the sentiments didn't support well with the index movements.

It is not an easy market to trade with and most of the counters especially the third liners and the second liners created new low. Lately there were some rumours that the 13th General Election might be held around December. I was hoping that the sooner the election being held the better our share market will be or else we will be suffering maybe till next year of March.

From the indicator reading the FBM-KLCI might stage a technical rebound around these few days. The indicators show that the FBM-KLCI is highly oversold at these moments.

Tuesday, September 18, 2012

Technical Rebound But Still Not Promising At All.

Another lousy share market performance. Based on the chart wise, our share market lately perform technical rebound after coming down hard from 1,655 points to 1,600 points. At these moments our FBM-KLCI is standing almost to their previous high but still our share market didn't perform accordingly. Maybe it was due to our delay in having the 13th General Election.

Lately many of the news come out stated that the next coming general election will be stage around November this year. Many of them speculate it might be held around 11.11.2012. How true is this news ???? It is just an speculation only.


From my point of views, I think it might be held maybe around March next year. That will be the full terms of Barisan Nasional governments. However we must realize that the longer the existing government drag or delay in having the 13th General Election, the longer we will be suffering with no new interest being build around our sentiments. The sentiments seems to be getting worst although the world equities market perform quite well especially the Dow Jones Industrial Average.