KLCI BROKEN 1065 SUPPORT, BAD SIGN ?! KLCI HEAD AND SHOULDER SPOTTED !!

1997 - Ignited by South East Asia Currency Crisis, KLCI sharply fell from 1279 to 261.33. The broad market was falling and falling and falling. "Feeling cheap, bought it, then found cheaper ; feeling bottom, bought it, then found cheaper ", it was the experience many people had gone through. IN TERM OF TECHNICAL, KLCI CHART SHOWED A HEAD AND SHOULDER PATTERN.

2000 - Ignited by The Burst of Technology Bubble. KLCI corrected from 1021 to 547.72. Technology stocks fell sharply without any major rebound made.

2008 - Subprime Crisis and Commodities Crisis are the issues going on and on, resulting the market slipping. From the highest of 1525, where is KLCI heading? IN TERM OF TECHNICAL, HEAD AND SHOULDER PATTERN IS FOUND. If it is the case, chance of KLCI hits 900 or lower is possible.

DOW JONES (DJI) FORECAST

The symmetric triangle on the right shows DJI made a breakdown on Sep 4. In order to sustain the uptrend momentum, DJI needs to bounce back to 11,460 promptly.

Sep 7, US government made decision to take control on Fannie, Freddie. Dow Futures reacts positively on two hundred over points up. Asian market rebounded strongly on Sep 8.

We still believe DJI is still on recovery track after all. Statiscally, the subprime written offs are reduced. Phychology, the scare and worry have been minimised after this while. The worst has been reflected into the marekt price.

TRADERS AND INVESTORS STAY ASIDE WAITING FOR SEP 16 !

Uncertainty will make stock market losing its direction. Technically KLCI should be supported at 1065, slight plus minus of 1065 shows the market is heading sideways, awaiting for Sep 16.

Credit Suisse advises investors to stay away from Thailand and Malaysia as a result of political concerns. In other words, it may translate to the foreign funds are still very cautious in Thailand and Malaysia portfolio exposure. The news is available on p. 03, Sin Chew, Biz Section and p. 07, Financial Daily, The Edge dated Sep 4, 2008.

Technical reading is not working well when the market is heading sideways which has no clear uptrend or downtrend. Therefore, as a retailer, trading is much more safer than investing at this gloomy market. Knowing how to buy but got no plan to sell in immediate term is quite risky as some shares will be getting lower in near term.

PROPERTY HOT LEADS HANG SENG TO REBOUND ?!

As one of the economy anchor, will property rebound leads Hang Seng to rebound ?

HANG SENG INDEX (HSI) READY TO STRONG REBOUND ?!

STOCTOUCH Research suspects HSI is ready to rebound strongly to 26,250 prior to year end.

DJI RESILIENT REBOUND TO CONTINUE ?

Dow Jones (DJI) rebound is still resilient if it can hold above 11,350 for next few days.

TRADING TOOLS FOR WORLD TRADERS !

If you are traders, you may find world bourses' intraday trends help you to do some trading decision. That's the reason STOCTOUCH Monitoring Page is made for.

KLCI LIKELY SUPPORTED AT 1065 FOR NEXT 2 YEARS REBOUND !

STOCTOUCH research shows that 1065 is a very solid and important support for KLCI. It is very crucial to see KLCI being supported at 1065 for the next 3 months.

Political issues, cruel oil price, high inflation and weakening world economy are the concerning factors for KLCI direction. Most of the share prices are going down, and going down for the last 1 year. Traders and investors are worrying the above mentioned factors crashing the economy. As a relector for future economy, KLCI has dropping like no support.

1997 financial crisis sent KLCI to as low as 261.33. It was a crisis. Today, subprime crisis has bankrupted few banks in America, and haunted world economy and equity. Bear Stearns Companies, Inc (BSC), One of the leading Investment Bank, has dipped to USD 10 from USD 170 peak in 2007. Sentiment plays an important role in stock market. Suprime issues haunted again and again Dow Jones, and truncated the ready to rebound market.

Every major correction has its ending point. If the concerns are serious, the market will plunge a lot, if the concerns are managable, the market will find its support before the benchmark index reaches scarry level.

Though KLCI is not standing alone, the impact of subprime crisis may not send KLCI to a scarry level like 1998 as we have no direct exposure in this case.

HUPSENG (5024) - SILENTLY RUNNING UP WITHOUT VOLUME !

Found an interesting stock today, HUPSENG (5024), which has not much volume transacted for the last few days.

Hardly to trade with this type of counter, the buyer now is 1.50, and seller is queued at 1.55.

DOW JONES (DJI) - STILL ON IMMEDIATE SLOW RECOVERY TRACK !

DJI is still on immediate slow recovery track, but it is only for immediate measure. The medium to long term direction is yet to catch.

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Outdoor Photo Shot by Samsung Omnia

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BEIJING BIRD'S NEST STADIUM GROUND GRASS FOR SALE !

Like World Cup, Beijing is going to cut the ground grass of Olympics Bird's Nest Stadium into pieces for public to own them as souvenir.

AUG 26, 2008 WILL BE AN IMPORTANT HISTORY DATE FOR THAILAND AND MALAYSIA

IN THAILAND
Thousands of Thai protesters Tuesday seized a state-run television station and surrounded key government buildings as they stepped up their campaign to force Prime Minister Samak Sundaravej from office

SET Index shed 15 points to 662 (At 3.05pm)


IN MALAYSIA
Malaysian voters in the hotly-contested Permatang Pauh by-election will decide Tuesday whether to return opposition leader Anwar Ibrahim to parliament after a decade-long absence.

KLCI Index lost 10 points to 1068 (At 3.05pm).

KLCI IS WAITING FOR BY-ELECTION !

Equity Market does normally dislike uncertainty. Prior to Permatang Pauh By-election, Bursa Malaysia is expected to softening and sideways towards Aug 26 Permatang Pauh By-election.

Aug 27, Wednesday, Malaysia Stock Market may react on By-election result as sign of political direction may be seen clearer.

Most investors are just wait and see at the moment.

3D SHOP SIGNAGE !

Found this at Bukit Bintang, along the pedestrian to Capital Hotel located nearby Sg Wang and Low Yat Plaza, you will find this !