Happy Chinese New Year 2012.

Gong Xi Fa Cai

FBM KLCI Consolidating For Chinese New Year Holiday?

Happy New Year to all my readers. Sorry for not posting for quite sometimes due to my work load. Looking at yesterday share market momentum, we can notice that the current share market movement was a bit tired. If we check most of the share prices, we can see most of the counters which have been moving since last December 2011 until now are now moving down and making lower low from their previous low due to some profit taking or maybe ahead of Chinese New Year holidays.

Could we still have any chances for a pre-Chinese New Year rally? I'm doubt about it. Based on the chart reading we might be facing some consolidation move ahead of this CNY holidays but still we can see some rotational play among the penny stocks. Good and blue chips stock were not showing any more interest at these moments. Maybe after this Chinese New Year celebration.

Right now we still can see some of shares are moving especially any mother shares which was listed with any call-warrant listed together. These are the most potential play at this moment. There were so many shares which is listed with call-warrant are moving very fast with certain counters have the ability to achieve 30 to 60 percent premium on profit.

Those who dares to play the call-warrant will sure laugh all the way to the bank recently. But one thing we must remember that not all call-warrants are good play and indeed those who want to play must do some homework before decide to invest or speculate for any of these call-warrants. If we are not careful enough or if we are too greedy, we might fall into a big hole.

Looking at the FBM-KLCI movement at this moment, 1,500 points would stand as mild support at these moments but if the FBM-KLCI break this level than the next support level would be at 1,450 points. Current share market momentum still look nice and stable but we need to look at the overall world equities markets to guide us on the current sentiment.

Quiet Trading Ahead Of Christmas Celebration ???

It is quite unpredictable how our share market moves lately. No doubt we are seeing some changes in the way our share market react to the world equities movement. Sometimes when we expecting the share market is moving lower and all the sudden they move up quite drastically but still the share market didn't show any positive sign yet. A sign that would promise more comfortable trading. Based on the chart sign, we still need more time to monitor the whole share market movement but according to individual chart, most of them still trading poorly. The FBM-KLCI must not break their recently low of 1,424 points or else it might turn very ugly.

Today is already 14th December 2011, we have another 11 days before we celebrate Christmas. Basically towards the year end, the share market will be a bit quiet. They might be moving sidelines before the year of 2012 arrive. During this period it would advisable to search for any counter that have the ability to move. The accumulation must be done during or before the arrival of Chinese New Year rally. Would there be a rally???? Or there might be a rally for the up coming 13th General Election??? We will not know whether there would be a rally coming in or not during this festival time but a closer attention towards the share market movement is very important or else we might miss the trading opportunity ahead.

On the Dow Jones Industrial Average movement, right at these moments it didn't materialise based on the chart reading. We are expecting it to trade lower based on the chart reading and the on going financial crisis in the European region but due to some positive news, the index move up and show more strength by standing around 12,000 points. At these moments I would watch very closely on how the world equities indexes are performing. Any level of support that will be broken will be treat as an alarm for us to trade carefully.

DownTrend Coming In ? Cautious Trade Ahead !!!

As we can see right now, the Malaysian shares market are coming down. Based on the chart wise, we might be experiencing some new waves of downside. If we check most of the overall counters, we can see most of the counters are coming down quite hard recently, especially the Blue Chips counters. Was it a new beginning of a new downtrend?

Based from the previous calculation of the charts, the Dow Jones Industrial Average is facing lot of difficulties with the European debts problem still lingering the whole world equities market. This time around it might turn out to be from bad to worst than ever before. It is still early to put this kind of assumption towards current share market movement but it seems it was never an ending story from the European country with lots of debts problem keep on arising from their neighboring country.

With the current sentiments moving downwards, it would be advisable to stay away from the share market trading. It is not a good time to trade with. Current share market sentiments shows more weakening side rather than more promising signal to move upwards. From my previous last blog, I did mention we need to be more careful in the month of December because it might turn out to be the worst month for all of us or maybe the worst has already started.

This assumption was based on few of my previous chart where by I used it to compare what has happen during the 2007 - 2008 financial crisis in the Dow Jones industrial Average. Currently the share market might be moving 20 cents down before rebound 10 cents up and again coming down another 15 cents with 7 cents up. Each day we might be experiencing more downside rather than upside.

It seems the Bears have just wake up from their SLEEPing.

Current Share Market Sentiments Still Looks Nice. Be Careful In The Month Of December!

These few weeks I was caught off guard the way our share market movement. I didn't expect that the share market can perform so well. This time I really admit that I didn't pay much of the attention on the current share market movement. I admit my mistake. Maybe I was paying too much attention on the downside and I have missed the opportunity to trade during this highly volatile movement.

Looking at the current share market movement, we need to put more attention towards the overall world equities market movement. Right now, based on their charts movement I will still put my self in a position of self protection. Basically I will pay more attention towards the month of December. Based on the calculation, any major turnaround will depends on the month of December. I won't say it will happen or it might happen. It was just based on the chart reading.

What would happen in the month of December ? There might be a major downside going on the Dow Jones Industrial Average. We cannot assume that it is going to happen but we can take a look on it and have a glimpse on it. This is just a chart reading only and it is only a guide for us. How far and whether it will happen or not????? Nobody knows. It is just that they look more or less the same pattern. Just be careful whenever we trade. For sure maybe my earlier mistake was I put too much attention or depend too much on this chart pattern. That was my biggest mistake.

Selamat Hari Raya Haji

"" SELAMAT HARI RAYA HAJI ""

"" Happy Deepavali ""

"" Happy Deepavali ""

To All The Readers

of

Malaysian Shares Blogspot.

Remember Current Share Market Sentiments Still Downtrend!

Don't be so excited, current share market sentiments still DOWNTREND!!! Since the last 26th Sept 2011 panic selling until now, the Malaysian share market have experiencing quite huge upside or I will call it as strong technical rebound. This rebound was quite big with the ability to make huge income but not an easy market to trade with if we are going for contra period.

One thing for sure we can see for the last 3 weeks the Malaysian share market have rebounded. Can we still assume that the share market is going up and up again? Can the current momentum sustain at this phase? I'm doubt about it. From my point of view, I would rated it as selling opportunity to take our gains or to cut our losses into small amount rather the huge amount of losses in terms of the prices we have seen 3 weeks back.

Current share market momentum still downtrend and we should treat it that the sentiments might face another big pressure in few weeks to come. There might be another sell down, so I would not rate current sentiment as an opportunity to accumulate and keep it for medium to long term. Basically we cannot assume that the share market have already survived the biggest Bears slaughter but the biggest question we need to ask; whether would there be another BIG Bear's appear in few weeks to come? Can this share market sustain that pressure if there is another selling pressure coming in? Everything have to depends on how the world equities market are going to survive these few weeks to come.

Based on the Dow Jones Industrial Average chart we still might be facing another biggest slaughter that we have ever seen. I don't know how true this assumption will be but based on the chart, we must always be alert and careful all the times as we don't want to run out of bullets when the opportunity strike again. At these moments CASH is KING. Certificate was just a piece of paper with valuation only. If the value goes up then it would means everything but if the value goes down ......... it just a paper to keep only.

Time To Accumulate??? Damm.. Too Cheap ????

Time To Accumulate!!! Make Your Own Judgement. The Malaysian share market experiencing major panic selling. Just a moment ago the FBM-KLCI was down about -55 points. Usually when there was a panic selling, it was a good time to accumulate. If tomorrow morning the share market experiencing another sharp falls, I would strongly suggest to accumulate.!!!

More Selling Pressure! Not An Easy Market To Trade With?

For the past few days, we can see there are still many counters create new lows. A low which is hardly we can see for the last one year. As we can see, it is not an easy market to trade with. Most of the good counters are experiencing more selling pressure with TopGlove take a very hard hit from recently sell down.

Basically I still prefer accumulate for trading purposes rather aiming for investment. Any accumulation done will based on any sell down from the share market. The Dow Jones Industrial Average still not stable yet at these moments with still so many uncertainties surrounding the European market. Based on the reading, we might see that the Dow Jones might be moving up and down around 10,500 points - 11,700 points these few weeks.

According to the bigger picture of the Dow Jones charts. In few months to come we might be facing more selling pressure from the BIG BOSS. This just a reading based on the charts and we cannot assume that it will happen. As we have already knew it and understand at this moment, the current share market trend was moving DOWN trend. So it is visible to trade carefully and look for more opportunity ahead when the time arrive (when panic selling occur).