HAVE YOU TAKEN PROFIT BEFORE 528 - 601 CORRECTION ?

The correction we are expecting, i.e. 528 - 601 (28/5/2007 to 1/6/2007) is near.

On 515 (15/5/2007), our market did provide a buy low opportunity, unfortunately, broad market was so weak to spring up except KLCI, which shot up 20.34 on 522 (22/5/2007). Today the bad days are near, the market is expected to be cloudy and windy throughout next week.

As the traders, we are now ready with cash cow on hand to aim for buy low next week. Our broad market shows the downward move rather than upward move. No doubt there are some selected stock play such as WELLI, KENCANA and so on. Did you able to catch them at low? If you did, you are practising the right trading method, congratulations.

If you didn't, you may consider to try buy on weakness method which we believe, next week will be the opportunity. This is what our strategy for recent trade.

515, CHANCE TO COLLECT LOW AGAIN

OUR STRATEGY : BUY ON DIP TODAY, 15 MAY, THE BROAD MARKET IS FORECASTED TO SRPING UP A BIT WITHIN THESE 2 WEEKS. NO DOUBT KLCI IS THE BENCHMARK, BUT WE ARE IGNORING THE IMPACT OF KLCI THIS ROUND.

HUBLINE (7013)

Have been wathcing this counter lately. RM 2.80 is the most important resistance to break, watch out.

BUY OPPORTUNITY FOR SHORT TERM PLAYER

Dow Jones lost 146 points overnight, KLCI today once lossed 19 points in the morning, KLCI lossed 8.88 for midday closing.

Technically, today market provides buying opportunity for short term player. Opportunity for broad market to rebound is high next week. Our strategy is collecting today, and aiming for taking profit for 10% capital gain within next 2 weeks.

The last week of May/Early week of June is the awaited entry point, we are waiting for mid-term investment positioning. Ensuring ample cash cow before hand, grab the buy low opportunity for 2nd liner stocks.

MARKET SLOW DOWNTREND

Our latest finding shows the overall market is heading downward except KLCI. If one counter rebound, take profit first, keep the cash cow on hand wait for End of May/Early of June to buy low is our strategy.

MARKET CORRECTION END MAY/EARLY JUNE

CI climbs to New High, break 1994 high (1,332). Limited selective counters such as LBS and QUEST going up slowly. 2nd & 3rd liners go up and down, ding and dong, going no where. These few days, market is slightly correct, looks like correction, but it is not. The market may have chance to rebound only within 2 weeks, eventually the real correction is forecasted to set in in last week of May/first week of June.

We would say our strategy is, if one counter gives 10% capital gain within next 2 weeks, we would take profit, keep our cash cow, waiting for the real correction in the last week of May/first week of June to buy low again.

CI TARGET 1,600 - 1,800

Our market has continued its strong bull momentum, our research shows CI may hit 1,600 - 1,800. Comparing to regional performance, CI is still considered laggard. This year, CI may extend its bullish to catch up the regional level.

Fundamentally, promising economic growth and corporate earnings are relected on Bursa Malaysia which is the barometer of Malaysia Economy. Technically, market is in the accumulating phase where the broad market may make another upside move within 2 months' time.