Update Jan 9, 2007

KLCI ends +0.5% at 1118.96 in heavy volume of 1.06 billion shares, recovering most of Monday's losses on bargain hunting; decline in crude oil prices, stronger regional bourses and improved industrial production output helped lift sentiment. USD/MYR fell to 9-year low of 3.5050, encouraging foreign funds to take up fresh positions in blue chips and heavyweights. Judging by the heavy volume traded and the strength in the recovery, the benchmark is likely to extend gains tomorrow, possibly rising to around 1122.

KLCI Readings
For 9/1/2007 the index closed at 1,118.9600.
Overall, the bias is: Upwards.
The projected upper bound is: 1,145.66.
The projected lower bound is: 1,097.71.
Projected to close at: 1,121.69.

SPOTMONTH Readings
For 9/1/2007 the closing price was 1,113.5000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,147.17.
The projected lower bound is: 1,085.07.
The projected closing price is: 1,116.12.

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DAYA

KLCI ends down 0.7% at 1113.17 in active trade, off intraday low of 1110.38, as mild bargain hunting in select heavyweights by local funds helped absorb some selling pressure; local bourse expected to see a little rebound tomorrow on bargain hunting. Sentiment was hurt by the weakness in regional bourses following the declines in U.S. stocks Friday but the market's uptrend is still intact.


DAYA
Strong Uptrend. Immediate Target 0.57. Best Buy below 0.51. Cut Loss 0.45.

For 8/1/2007 the closing price was 0.5000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.57.
The projected lower bound is: 0.44.

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THPLANT, WELLCAL, BRDB

FAQ 5: More & more e-mails recieved asking about these:

Purpose of this blog:

1. Some sort of my trading diary/journal.
2. To make it easier for me to access from anywhere without carrying laptop everywhere.
3. To make it convenient for my clients (most of them are stockaholic LOL) to access and communicate, rather than spending time & money calling me through phone.
4. To Get feedback.
5. Share thought with other fellow bloggers. (anyway it is a shares market)
   

The method that I'm using (AYAM indicator):

1. Purely Mathematics - When u wanna buy/sell please do ur own judgement.
2. It is a trend following indicator a.k.a buy high, sell higher that kind of stuff.
3. The Ayam Indicators are generated from a combination of ADX, GANN and FIBO. Please don't ask about the detail.
   
4. It is also a go to hell with fundamental approach.
5. Only for swingers, scalpers (Maximum 2 weeks), not for long term investment.
6. CUT LOSSSSSSSSSSSS strategy is the most important when using it.
   

THPLANT
Strong Uptrend. Immediate Target 3.20. Best Bet below 3.00. Cut Loss 2.75.

For 5/1/2007 the closing price was 2.9900.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 3.19.
The projected lower bound is: 2.83.


WELLCAL
Testing Resistance 3.10. If breakout, next target 3.40. Cut Loss 2.90.

For 5/1/2007 the closing price was 3.0600.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 3.33.
The projected lower bound is: 2.83.



BRDB
Strong Uptrend. Immediate Target 1.60. Buy on dip below 1.45. Cut Loss 1.40

For 5/1/2007 the closing price was 1.4900.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.60.
The projected lower bound is: 1.40.

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EFFICEN

KLCI ends up 0.1% at 1118.18, off from intraday high of 1119.16 and low of 1114.14 as profit-taking alternated with buying in active trade; index likely to stay within 1100-1120 range tomorrow. The market flip-flopped between positive and negative territory within a narrow 6-point band the whole day. Overall the bouts of profit-taking were pretty well-absorbed which suggests the market could still go higher. Most blue chips were steady while small plantation stocks gained on laggard interest.


EFFICEN
Buy on dip (below 0.525).
For 4/1/2007 the closing price was 0.5500.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.60.
The projected lower bound is: 0.51.
The projected closing price is: 0.55.

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KLCI, SPOTMONTH

KLCI
Breakout Resistance 1110. Next Target 1150.

For 3/1/2007 the index closed at 1,117.0900.
Overall, the bias is: Upwards.
The projected upper bound is: 1,143.51.
The projected lower bound is: 1,096.26.



SPOTMONTH
Breakout Resistance 1115-1118. Next Target 1145/1155.

For 3/1/2007 the closing price was 1,123.0000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,156.15.
The projected lower bound is: 1,095.81.

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MFLOUR, BJCORP-LC, HOVID

KLCI
For 29/12/2006 the index closed at 1,096.2400.
Overall, the bias is: Upwards.
The projected upper bound is: 1,121.13.
The projected lower bound is: 1,075.85.

SPOTMNTH
For 29/12/2006 the closing price was 1,092.5000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,122.67.
The projected lower bound is: 1,066.95.


MFLOUR
Buy on dip. Best buy 2.25 and below. Cut Loss 2.20. Immediate Targer 2.30/2.40

For 29/12/2006 the closing price was 2.2800.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 2.37.
The projected lower bound is: 2.20.


BJCORP-LC
Trading Play. Best buy 0.125-0.12. Target 0.13-0.135. Cut Loss 0.11.

For 29/12/2006 the closing price was 0.1300.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.15.
The projected lower bound is: 0.11.


HOVID
Resistance Breakout. Target 2.15. Cut Loss 1.85.

For 29/12/2006 the closing price was 1.9800.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 2.07.
The projected lower bound is: 1.91.

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