KLCI (25 Jan 2008)

KLCI Weekly Chart

Long shadow hammer gives hope for the continuation of uptrend. But MACD and stochastic is pointing down. I will bet that it is going up. Why? It's election year and foreign funds are in. Do you notice the increase in BNM international reserves. Furthermore, blue chips are highly traded. Let's hope that my bet is correct.

Hongkong & Shanghai

HSI Weekly Chart

Very long shadow candle. That could mean that the correction is over. Monthly chart still shows that the bulls are in control. Another weekly white candle should confirm the bottom of 21700. Does that mean that it is going for an Olympic rally? Will it be a marathon or a sprint? I'm stalking for possible trades. The problem is that many CW are deep out of the money. So have to wait for the next batch of new CW with lower exercise price.

HSCE Weekly Chart

A very long shadow doji. Another weekly white candle will be nice. No monthly chart reading because it is launch only in Dec 2006.

SSEC Weekly Chart

No reversal sign. The selling pressure is still strong. Why? Releasing funds for the cheaper Hongkong? Maybe the story will change by the end of week.

Weekly B&B Counters (25 Jan 08)

The following are bullish counters filtered using my weekly criteria for the week ending 25 Jan 2008:
AASIA AEON AIKBEE AJI ANNJOO ARREIT ASIABRN ASIABRN-WA ASIATIC ATIS ATURMJU AUTOAIR BAT BERNAS BERTAM BINAIK BJCORP BJCORP-LC BJLAND BJLAND-LB BJTOTO BKAWAN BLDPLNT BSDREIT CCMDBIO CEPAT CHINTEK CNLT DELLOYD DFZ-PB DISCOMP DKLS DLADY DUTALND-LB EDARAN EKIB ETITECH FAJAR FAREAST FCW FCW-WA FUTUTEC GAMUDA GCE GCORP GNEALY HIGHTEC HINGYAP HUMEIND HWGB HYTEXIN ICP IJMPLNT INIX IOICORP IRCB JAYCORP JOBST JOHAN K1-WA KENMARK KHIND KLK KLUANG KMLOONG KMLOONG-WA KNM KPS KULIM KULIM-WB KURNIA KWANTAS LBICAP LFECORP LPI MAGNA MAGNA-WA MAGNUM MAHSING MASTEEL MAYBANK MBFHLDG MBFHLDG-WA MFLOUR MHC MMCCORP MMSV MNC MRCB MUDAJYA MWE NAKA NCB NESTLE NPC NSOP OCTAGON-WA PACMAS PADINI PAOS PBBANK PCCS PERISAI PICORP POHKONG POHUAT POHUAT-WA POLY PORTRAD PPB PTB RAMUNIA RAMUNIA-PA RAMUNIA-WA RAPID REDTONE RSAWIT RVIEW SAB SBCCORP SERSOL SHANG SIME SOP SOP-WA SSTEEL SSTEEL-LA TASEK TDM THPLANT TM TMCLIFE TSH UBG UMCCA UNICO UTDPLT WARISAN WASEONG WCT WCTLAND YEELEE YNHPROP YONGTAI YTLCMT ZA-OSKSB

Total: 146

The following are bearish counters filtered using my weekly criteria for the week ending 25 Jan 2008:
ABRIC ABRIC-WA ACOSTEC ADVENTA ADVPKG AFFIN AFFIN-WC AHEALTH AHP AIRASIA AIRB AIRPORT AJIYA AKN ALAQAR ALCOM AMDB AMFIRST AMMB AMMB-WB ANCOM ANCOM-WA APB APLAND APLI APOLLO ASAS ASB ASB-WA ASDION ASIAPAC ASUPREM ATRIUM AUTOAIR-WA AVENTUR AWC AXREIT BAHVEST BANENG BASWELL BCB BCTTECH BDB BGYEAR BIG BIG-WA BIMB BINTAI BIPORT BKOON BOLTON BOXPAK BPURI BRDB BREM BSDPROP BTECH BTM CAMERLN CAMRES CANONE CARLAW CARLSBG CAROTEC CCB CENBOND CFM CHANG CHASE CHASE-WA CHUAN CICB CIMA CMSB CNASIA COASTAL COMINTL COMPUGT CONNECT CRESNDO CSCENIC CVIEW CYL D&O DAIBOCI DAIMAN DAYA DBE DELEUM DENKO-WA DGATE DIALOG DIGISTA DIGISTA-WA DKSH DNP DOLMITE DOMINAN DPS DRBHCOM DUTALND DUTALND-WA DXN EBWORX ECM ECOFIRS EDEN EDEN-WA EFFICEN EFORCE EG-LA EKOVEST EKOVEST-WA EKOWOOD ELSOFT EMICO-WA EMIVEST ENGKAH ENGLOTC ENGTEX EONCAP EPIC EPMB EPMB-PA EPMB-PB EQUINE ESSO ESTETIC EUPE EUROSP EVERGRN EXTOL FABER FACBIND FARLIM FARMBES FAVCO FBO FFHB FIAMMA FITTERS FLONIC FOCAL FPI FREIGHT FRONTKN FSBM FURNWEB GADANG GBRIDGE GCE-WA GEFUNG GENTING GESHEN GFB-WB GHLSYS GKENT GLOBALC GLOSOFT GLOSOFT-WA GMUTUAL GOLDIS GOODWAY GOPENG GPERAK-NA GPHAROS GPRO GRANFLO GREENYB GSB GTRONIC GUANCHG GUH GUNUNG GUNUNG-WA GUOCO HAISAN HAPSENG HARBOUR HARISON HARNLEN-WA HDBS HEKTAR HEXAGON HEXZA HICITY HIL HLCAP HLFG HOHUP HOOVER HOVID HPI HSL HUAYANG HUBLINE HUNZA HUNZPTY HUNZPTY-WA HWATAI-WA ICBC-C1 IDAMAN IDAMAN-LB IE ILB INCKEN INGENS INGRESS INSAS-LA INTEGRA IOIPROP IPOWER IQGROUP IREKA IRIS-PA IRIS-WA IRMGRP ISS ITRONIC JADI JAVA JAVA-WA JERASIA JETSON-LA JLAND JMI JOHOTIN JPK KAF KAMDAR KAMDAR-LA KANNAL KASSETS KAWAN KBES KBUNAI KELADI KEN KENANGA KENCANA KEURO KEYWEST KFC KFIMA KHEESAN KHSB KIMBLE KIMBLE-WA KKB KOMARK KOMARK-WA KOSMO KOTRA KPJ KPSCB KRAMAT KSL KUB KUCHAI KURASIA L&G LATEXX LAYHONG LBALUM LBALUM-WA LBS LCHEONG-WA LCTH LDAUN LEESK LEWEKO LIENHOE LINEAR LIONCOR LIONCOR-WA LIONFIB LIPO LIQUA LIQUA-WA LITRAK LPF LUSTER LYSAGHT M3NERGY M3TECH MAA MAEMODE-WA MAHJAYA MAICA MALTON MANULFE MAS MAXBIZ MAXTRAL MAYBULK MAYPAK MBMR MBSB MCMTECH MECHMAR MEDAINC MEDIA MEDIA-LA MEDIA-WA MELEWAR MELEWAR-WA MEMS MENANG MENTIGA MERCES MERGE METACOR METECH METROD METROK MEXTER MFCB MIECO MIECO-WA MIKRO MINETEC MINHO MINPLY MISC MISC-O1 MITHRIL MITRA MKLAND MLAB MMM MMM-WB MMODE MMOSAIC MNRB MOBIF MQTECH MSC MTDACPI MTDINFR MTEAM MTRONIC MUDA MUIPROP MULPHAL MULPHAL-WA MULTICO MUTIARA MYCRON N2N NAIM NAMFATT NARRA NATWIDE NEXNEWS-PA NEXNEWS-WA NGIUKEE NGIUKEE-WA NHFATT NIHSIN NIKKO NSTP NWP NYLEX OCB OCTAGON OFI OGAWA OILCORP OKA OLYMPIA OLYMPIA-WA ONASTEL ONLINE OPCOM ORIENT ORNA OSK OSK-WB OSKPROP OSKPROP-WA OSKVI P&O PALETTE PANTECH PARAMON PASDEC PBA PDZ PECD PELIKAN PENSONI PENSONI-WA PENTA PERMAJU PERSTIM PETDAG PETGAS PETRA PETROCH-C1 PHARMA PILECON PJDEV PJDEV-WB PLENITU PMCORP PMETAL PMETAL-WB PMIND PNEPCB POLYTWR POS PPHB PRDUREN PREMIUM PRESTAR PRKCORP PRLEXUS PRTASCO PSIPTEK PSPRING PTARAS PUC QUALITY RALCO RALCO-WA RANHILL RCECAP RCI RHBCAP RHYTHM-WA SAAG SALCON SAMUDRA SAPCRES SAPCRES-WA SAPIND SAPRES SARAWAK SATANG SAUJANA SCIENTX SCOMI SCOMIMR SCOPE SDRED SEACERA SEAL SEEHUP SEG SERNKOU SHH SHL SINORA SJC SKPRES SMI SMI-LA SMISCOR SMPC-WA SMRTECH SPK SRIDGE SRII STEMLFE SUCCESS SUIWAH SUNCITY SUNINFR-WA SUNRISE SUPER SUPERLN SUPERMX SYMPHNY TA-WB TAFI TAHPS TAKASO TAKASO-WA TALIWRK-WA TAMCORP TANCO-WA TANJONG TAWIN TCUBES TDEX TECFAST TEKALA TGOFFS TGUAN TIME TIMECOM TIMWELL TMS TONGHER TOYOCEM TOYOINK TPC TRIPLC TRIUMPL TSRCAP TSRCAP-WA TSTORE TWSCORP UAC UCHITEC UDSCAP UMLAND UMS UNISEM UOAREIT UPA VINTAGE VIS VITROX VIZTEL VS WANGZNG WEIDA WELLI WIDETEC WIDETEC-WA WIJAYA WILLOW WONG WOODLAN WWCABLE XIANLNG YAHORNG YECHIU YGL YHS YIKON YILAI YINSON YLI YOKO YOKO-WA YSPSAH YTLE YTLLAND YTLLAND-PA ZECON ZECON-WA ZELAN

Total: 544

Around the World in 80 seconds

Losses from one trade must be covered with profit from another. One selling leads to another, and the world sells together.

Looking at the monthly chart, there are still pockets of bulls here and there:
S&P 500: Bear
FTSE: Bear
DAX: Bear
Bovespa: Bull under correction.
Nikkei: Bear
Kospi: Going into bear.
Sensex: Bull under correction.
SSEC: Bull under correction.
HSI: Bull under severe correction which may turn into bear
KLCI: Bull under correction.

Where Are Thou, My Gomen?

Boy oh boy. Hopefully today is the final panic selling. Losers just overwhelm winners 10 to 1. Hopefully, you see big headlines in the major newspaper tomorrow. Then you know the selling may halt temporary. Any rebound is a good time to get out of the weak stocks first, then the stronger one. Looking on the other side of the coin, this could be a very profitable play for a rebound.

KLCI technicals reinforce the bearish divergence in the weekly chart. Are we going into the next 5 years of bear year. When will the authorities approve the issuing of put warrants?

Anyway, what's the probability of HSI and SSEC diving another 5% everyday for the rest of the week? If it happens, this is the black swan that kill the long-only fund while benefiting the hedge funds.

Where is the invincible hand, gomen?

KLCI

KLCI Weekly Chart

I was expecting a mild correction. But it was not to be. Long term trend is still up but RSI uptrend broken! A bad omen of things to come. I always used long term signals to enter, so it's natural to be caught like this. Sigh...profit vanish again.

Weekly B&B Counters (18 Jan 2008)

The following are bullish counters filtered using my weekly criteria for the week ending 18 Jan 2008:
AASIA AEON AFG AIKBEE AJI ANALABS ANNJOO APM ARREIT ASIABRN ASIATIC ATIS ATURMJU AUTOAIR BAT BERTAM BINAIK BJCORP BJCORP-LC BJLAND BJLAND-LB BJTOTO BKAWAN BLDPLNT BREM-WA BSDREIT BURSA CBIP CBSTECH CCMDBIO CEPAT CHEEWAH CHINTEK COMMERZ CONNECT CRESBLD CRESBLD-WA DELLOYD DFZ-PB DFZ-PC DISTECH DKLS DLADY DUTALND-LB DVM E&O-WA EDARAN EKIB ETITECH EURO F&N FABER FAJAR FAREAST FCW FCW-WA FIMACOR FUTUTEC GAMUDA GCE GCORP GNEALY GUANCHG HIAPTEK HIGHTEC HINGYAP HIRO HUMEIND HWGB HYTEXIN ICAP ICP IJM IJM-WB IJMPLNT INIX INSAS IOICORP IRCB JAYCORP JETSON-WA JMR JOBST JOHAN KASSETS-WA KHIND KINSTEL KINSTEL-WA KLK KLUANG KMLOONG KMLOONG-WA KNM KRETAM KRETAM-LA KRETAM-WA KSENG KULIM KULIM-WB KURNIA KWANTAS LBICAP LCHEONG LFECORP LIONIND LMCEMNT LPI MAEMODE-WA MAGNA MAGNA-WA MAGNUM MAHSING MAHSING-WA MALPAC MASTEEL MATRIX MAYBANK MBFHLDG MBFHLDG-WA MELATI MFLOUR MHC MHOUSE MITHRIL-LA MMCCORP MODULAR MPCORP MPHB MRCB MTD MTDACPI MUDA MUDAJYA MWE NAKA NCB NESTLE NPC NSOP NVMULTI OCNCASH OCTAGON-WA OPCOM PA PACMAS PADINI PANAMY PBBANK PERISAI PICORP PIE PLB POHKONG POHUAT POHUAT-WA POLY PORTRAD PPB PTB PTGTIN PTGTIN-WA PWE RAMUNIA RAMUNIA-PA RAMUNIA-WA REDTONE RESORTS RSAWIT RVIEW SAB SBAGAN SCIB-WA SCOMIEN SERSOL SHANG SIME SOP SOP-WA SSTEEL SSTEEL-LA STAR SUNCRN SYF-WA TAMADAM TANAMAS TANJONG TDM TECGUAN TENAGA-LA THGROUP THPLANT TM TMCLIFE TOMEI TRACOMA TRC TRC-WA TSH TSM TWS TWSPLNT UBG UDSCAP-WA UEMWRLD UMCCA UNICO UNIMECH UTDPLT UTUSAN VITROX WARISAN WCT WCTLAND WCTLAND-LA YNHPROP YONGTAI YTLCMT YTLCMT-LA YTLPOWR YTLPOWR-WA YUNKONG

Total: 221

The following are bearish counters filtered using my weekly criteria for the week ending 18 Jan 2008:
ABFMY1 ABRIC ABRIC-WA ACOSTEC ADVENTA ADVPKG AHEALTH AHP AIRASIA AKN ALAQAR ALCOM AMDB AMFIRST AMMB AMMB-WB AMTEK ANCOM ANCOM-WA APB APLAND APLI APOLLO ARK ASAS ASB ASB-WA ASDION ASIAPAC ASUPREM ATRIUM AUTOAIR-WA AVENTUR AWC BAHVEST BANENG BASWELL BCB BCTTECH BDB BGYEAR BIG BIG-WA BIMB BINTAI BIPORT BKOON BOLTON BOXPAK BRDB BRIGHT BSDPROP BTM CAMERLN CANONE CARLAW CARLSBG CAROTEC CCB CFM CHANG CHASE CHASE-WA CHUAN CICB CIMA CMSB CNASIA COASTAL COMINTL COMMERZ-LA COMPUGT CRESNDO CSCENIC CYL D&O DAIBOCI DAIMAN DBE DEGEM DELEUM DENKO-WA DGATE DIGISTA DIGISTA-WA DKSH DNP DOMINAN DPS DRBHCOM DUTALND DUTALND-WA DXN EBWORX ECOFIRS ECOFIRS-WB EDEN EDEN-WA EFFICEN EFORCE EFUTURE EG-WB EKOWOOD ELSOFT EMICO-WA EMIVEST ENGKAH ENGLOTC ENGTEX EONCAP EPIC EPMB EQUINE-LA ESCERAM ESSO ESTETIC EUPE EUROSP EVERGRN EXTOL FACBIND FARLIM FARMBES FAVCO FBO FFHB FIAMMA FITTERS FLONIC FOCUS FPI FRB FRONTKN FSBM FURNWEB GADANG GBRIDGE GCE-WA GEFUNG GENTING GHLSYS GKENT GLOBALC GLOSOFT GLOSOFT-WA GMUTUAL GOLDIS GOODWAY GPHAROS GREENYB GSB GUNUNG GUOCO HAPSENG HARBOUR HARVEST HEXZA HIL HLCAP HLFG HOHUP HOOVER HOVID HSL HSLEONG HUAAN HUAYANG HUBLINE HUNZA HUNZPTY HUNZPTY-WA HWATAI-WA IDAMAN IDAMAN-LB IE ILB INFOTEC INGENS INGRESS INTEGRA IPOWER IQGROUP IREKA IRIS-PA IRIS-WA IRMGRP ISS ITRONIC JADI JAVA JAVA-WA JERASIA JETSON-LA JHM JMI JOHOTIN KAMDAR KAMDAR-LA KAMDAR-WA KANNAL KAWAN KBES KBUNAI KELADI KEN KENANGA KEURO KEYWEST KFC KFIMA KHEESAN KIALIM KIMBLE KIMBLE-WA KIMHIN KOMARK KOMARK-WA KOSMO KOTRA KPSCB KRAMAT KSL KURASIA L&G LATEXX LAYHONG LBALUM-WA LBS LBS-LC LCHEONG-WA LCTH LDAUN LEWEKO LIENHOE LIIHEN LIMAHSN LINEAR LIONCOR-WA LIPO LIQUA LIQUA-WA LITRAK LPF LUSTER LYSAGHT M3NERGY M3TECH MAA MAICA MANULFE MAXBIZ MAXTRAL MAYBULK MAYPAK MBMR MBSB MCMTECH MECHMAR MEDIA MEDIA-LA MEDIA-WA MELEWAR MELEWAR-WA MEMS MENANG MENANG-WA METACOR METECH METROD METROK MEXTER MIECO MIECO-WA MIKRO MINETEC MINHO MINPLY MISC-O1 MITHRIL MITRA MITRA-WB MKLAND MLAB MMM MMODE MNRB MOBIF MQTECH MSC MTEAM MTRONIC MUIPROP MULPHAL MULPHAL-WA MULTICO MUTIARA N2N NAIM NAMFATT NANYANG NARRA NATWIDE NEPLINE NEPLINE-WA NEXNEWS NGIUKEE-WA NHFATT NIHSIN NIKKO NSTP NWP NYLEX OCTAGON OFI OGAWA OIB OILCORP OKA OLYMPIA-WA ONLINE OSK-WB OSKPROP OSKPROP-WA OSKVI PALETTE PANTECH PARAMON PASDEC PAXELNT PDZ PECD PENSONI PENTA PERMAJU PERSTIM PETGAS PHARMA PILECON PJDEV PJDEV-WB PJI PK PLENITU PMBTECH PMCORP PMETAL PMETAL-WB PMIND PNEPCB POS PPG PPHB PRDUREN PREMIUM PRESTAR PRKCORP PRLEXUS PROTON PRTASCO PSPRING PTARAS PWORTH QSR QUALITY RALCO RALCO-WA RANHILL RCECAP RHYTHM-LA RHYTHM-WA RPB SAMUDRA SAPCRES-WA SAPIND SAPRES SATANG SAUJANA SCIENTX SCOMIMR SCOPE SDRED SEAL SEEHUP SERNKOU SHH SHL SINORA SKPRES SMI SMISCOR SMPC SMPC-WA SPK SPRITZR SRIDGE SRII STAREIT STEMLFE STSTEC SUCCESS SUIWAH SUNCITY SUNRISE SUPERLN SUPERMX TAFI TAHPS TAKASO TAKASO-WA TAMADAM-WA TAMCORP TANCO-WA TAWIN TCUBES TDEX TECFAST TEKALA TEKSENG TGOFFS TGOFFS-WA TGUAN TIENWAH TIMECOM TIMWELL TMS TNLOGIS TONGHER TOYOCEM TOYOINK TPC TRIUMPL TSRCAP TSTORE TWSCORP UAC UCHITEC UEMBLDR UMLAND UMS UMSNGB UNISEM UOAREIT UPA VERSATL VINTAGE VIS VIZTEL WANGZNG WEIDA WELLI WIDETEC WIJAYA WILLOW WONG WOODLAN WWCABLE XIANLNG YECHIU YGL YHS YIKON YILAI YLI YOKO YOKO-WA YTLLAND YTLLAND-PA ZECON ZECON-WA ZELAN

Total: 470

Manipulation

Seems like certain quarters are complaining about the last minute push up or the force pushed of KLCI.

I read at their statements and I want to laugh. Since when the stock market is not manipulated? So what to complain? Jim Cramer has admitted of manipulation. Even the US government manipulate the stock market through their Plunge Protection Team. So what's wrong if our government manipulate the market? The invincible hand has been pushing the index since Christmas.

Trading in stocks always comes with a certain risk. We need to always beware of the big crocodiles. They manipulate the price, the volume and the news. They play with your emotion. That's why it is never easy to make money.

So either you dance along with them or you just sit at the sideline watching. It's ok to highlight the manipulative dangers to the young and innocent, but don't make it a political issue or complaint Aiyoh, politicians themselves are equally manipulative. But they act as if they are holier than thou. My point is manipulative push up or push down are all natural actions in a stock market.

My current reading of the KLCI:
Correction has set in (obvious statement). If uptrend to continue, the correction should not fall below around 1480. That's all I can interpret from the chart. It's it all over? It's only 2 days action, I can't conclude from just two days of data. One thing for sure, I don't see any euphoric volume yet (because many retailers are aware of the manipulation?).

Well, if the Ringgit continue to strengthen against the US dollar, I guess the foreigners will buy more of our stock. I'm still concentrating on the blue chips counters. If they want to manipulate, then it is easier to buy the largest weighting KLCI component to push up. Furthermore, foreigners will only buy large liquid stocks.

Some of by holdings have good buffer, some have gone back to square one. Some are near my stop loss. I will stay aside for now until the selling pressure subsides. When? I hope soon.

Feng Shui Article

Ok. I copy and paste from Business Times Online.

I will review it from time to time to find out the effectiveness of this technique for stock picking.

A year to think big

By Chong Pooi Koon
pooikoon@nstp.com.my

FOR those who believe in "Feng Shui", the Year of Earth Rat may bring a bumper harvest for industries that include the stock market, entertainment, mining, jewellery, real estate and construction.

However, it will be difficult for the shipping, banking and transport sectors, while stiff competition in agriculture, plantation and publishing industries will allow only the best to survive, according to well-known Feng Shui guru, Lillian Too.

"This is a year of unbalanced elements with 'metal' and 'fire' sorely lacking. But it is also a year blessed with wealth and victory luck, and the key to getting the most out of the year is simply to get the timing right," Too told a packed audience at a full-day Feng Shui talk in Kuala Lumpur yesterday.

The year has plenty of wealth potential, and is a year to think big. All animal signs, except for horse, could benefit from taking risks and being brave, she said.

"It is a year when being big-hearted reaps dividends. Your attention should be focused on spotting opportunities that bring long-term benefits."

Too said the missing fire element is making the financial market look very unstable this year, suggesting that the uncertainties resulting from the US subprime problem may not be ending yet.

Nevertheless, she said the second half of the year will be better and that investors may accumulate shares when prices fall and take the pickings later in the year.

Too also told investors to bet on real estate this year.

"Earth is wealth, so buy property. But make sure they are landed property. You must be able to feel the earth and feel the wealth."

She added that 2008 will be a great year for those born under the Chinese sign of rabbit.

Generally, people should wear more red and yellow gold to attract positive energy that will bring wealth and prosperity.

Overall, the missing 'fire' and 'metal' means the lack of creativity, intelligence and power.

"There will be not-so-smart people being thrown into the spotlight, making stupid mistakes," Too said.

She said the clash of "water" and "earth" indicates political and international conflicts in the global arena. However, the Rat Year will bring new beginnings, new international relations and new government.

Sector Index Analysis (11 Jan 2008)

KLCI Weekly Chart

What a rally. Daily is overbought. Weekly coming to overbought zone too. Correction should set in, if not I will get more nervous. The target for most analyst has been reached in the 2nd week of the year. What's next? Just ride the bull.

Finance Index Weekly Chart

Maybank and Commerz help the index to break out. I missed out Maybank warrant. Commerz has no warrant, so left PBBank. I hope it will move too. Chart not yet overbought, so I am expecting for more upside.

Construction Index Weekly Chart

Breakout too. I'm wondering how far will Gamuda go. I'm still observing YTL. The chart for YTL does not look good. Maybe I should consider Cresbld?

Plantation Index Weekly Chart

Still going up. No idea where will it stop.

Property Index Weekly Chart

Downtrend confirm broken. I shall wait for the base building phase first. I will still not buy any property counter yet.

2nd Board Daily Chart

Downtrend has been broken. Still waiting for the base building phase. Not interested in any 2nd board counters.

Mesdaq Daily Chart

Downtrend has also been broken. Will wait for the base building phase. Don't have any interest in Mesdaq counters.

Weekly B&B Counters (11 Jan 2008)

The following are bullish counters filtered using my weekly criteria for the week ending 11 Jan 2008:
AASIA AEON AFFIN-WC AFG AIC AIKBEE AJI ANALABS ANNJOO APEX APM ARREIT ASIABRN ASIATIC ATIS ATURMJU AUTOAIR AZRB BERTAM BJCORP BJCORP-LC BJLAND BJLAND-LB BJTOTO BKAWAN BLDPLNT BREM-WA BSDREIT BURSA CBIP CBSTECH CCMDBIO CEPAT CHEETAH CHEEWAH CHINTEK CHOOBEE COMMERZ CONNECT CRESBLD CRESBLD-WA DELLOYD DFZ-PA DFZ-PB DFZ-PC DFZ-PD DIALOG DIGI DISTECH DKCORP DKLS DLADY DUTALND-LB DVM E&O-WA EDARAN EKIB ETITECH EURO F&N FABER FAJAR FAREAST FCW FCW-WA FIMACOR FTEC FUTUTEC GAMUDA GCE GCORP GNEALY GPLUS HARNLEN HARNLEN-WA HEXAGON HIAPTEK HIGHTEC HINGYAP HIRO HLBANK HLFG HLIND HTPADU HUMEIND HWGB HYTEXIN ICAP ICP IJM IJM-WB IJMPLNT INSAS INSAS-LA IOICORP IRETEX JETSON JMR JOBST KASSETS-WA KEINHIN KENMARK KHIND KIANJOO KINSTEL KINSTEL-WA KKB KLCCP KLK KLUANG KMLOONG KMLOONG-WA KNM KPOWER KRETAM KRETAM-LA KRETAM-WA KSENG KULIM KULIM-WB KWANTAS LBICAP LFECORP LIONCOR LIONIND LMCEMNT LOH&LOH LPI MAGNA MAGNA-WA MAGNUM MAHSING MAHSING-WA MALPAC MASTEEL MATRIX MAYBANK MAYBANK-CA MBFHLDG MBFHLDG-WA MELATI MERCES MHC MHOUSE MILUX MINETEC MITHRIL-LA MMCCORP MPCORP MPHB MPHB-WB MRCB MTD MTDACPI MUDA MUDAJYA MUH MUHIBAH MULPHA MWE NAKA NCB NESTLE NOTION NPC NSOP NTPM NVMULTI OCNCASH OPCOM PA PACMAS PADINI PANAMY PARKSON PBBANK PICORP PIE PLB PNEPCB POHKONG POHUAT POHUAT-WA POLY PORTRAD PPB PTGTIN PTGTIN-WA PWE RAMUNIA-PA REDTONE RESINTC RESORTS RSAWIT RVIEW SAB SALCON SBAGAN SBCCORP SCOMIEN SHANG SILVER-WA SIME SINDORA SKBSHUT SOP SOP-WA SPRITZR SSTEEL SSTEEL-LA STAR SUNCRN TAMADAM TANAMAS TANCO TANJONG TCHONG TDM THGROUP THPLANT TM TMCLIFE TOMEI TRACOMA TRC TRC-LA TRC-WA TSH TSM TWS TWSCORP TWSPLNT UBG UEMWRLD UMCCA UNICO UNIMECH UTDPLT UTUSAN VADS VITROX WCT WCTLAND WCTLAND-LA WWTKH YECHIU YEELEE YONGTAI YTL YTL-WB YTLCMT YTLCMT-LA YTLPOWR YTLPOWR-WA YUNKONG

Total: 255

The following are bearish counters filtered using my weekly criteria for the week ending 11 Jan 2008:
ABFMY1 ABRIC ABRIC-WA ACOSTEC ADVENTA ADVPKG AHEALTH AHP AIRASIA ALAQAR ALCOM AMFIRST AMTEK ANCOM-WA APB APLAND APLI APOLLO ARK ASAS ASB ASB-WA ASCAP ASDION ASIABRN-WA ASIAPAC ASTINO ATRIUM AUTOAIR-WA AVENTUR AWC AXREIT BAHVEST BANENG BASWELL BCB BCTTECH BIG-WA BIMB BINTAI BIPORT BKOON BOLTON BRIGHT BTM CAMERLN CANONE CARLAW CARLSBG CAROTEC CCB CFM CHANG CHASE CHASE-WA CIHLDG-WA CME CNASIA COMINTL COMPUGT CRESNDO CSCENIC CVIEW CYMAO D&O DAIBOCI DAIMAN DAYA DBE DEGEM DGATE DIGISTA DIGISTA-WA DISCOMP DOLMITE DOMINAN DPS DRBHCOM DUTALND-WA DXN EBWORX ECOFIRS ECOFIRS-WB EDEN-WA EFORCE EFUTURE EG-WB EKOWOOD ELSOFT EMIVEST ENGKAH ENGLOTC EONCAP EPMB ESCERAM ESSO ESTETIC EUPE EUROSP EVERGRN EXTOL FACBIND FARLIM FARMBES FBO FFHB-WB FIAMMA FITTERS FLONIC FOCAL FPI FRONTKN FSBM FURNWEB GABLUE GCE-WA GEFUNG GHLSYS GKENT GLOBALC GLOSOFT GLOSOFT-WA GMUTUAL GOLDIS GOODWAY GPHAROS GREENYB GSB HAPSENG HARBOUR HEXZA HLCAP HOHUP HOOVER HOVID HSLEONG HUAAN HUAYANG HUBLINE HUNZA HUNZPTY HUNZPTY-WA HWATAI-WA IDAMAN IDAMAN-LB ILB INFOTEC INGRESS IOIPROP IPMUDA IREKA IRIS-PA IRIS-WA IRMGRP ISS JADI JAVA JERASIA JETSON-WA JHM JMI JOHOTIN JOTECH JTINTER KAMDAR KANNAL KBES KENANGA KEURO KEYWEST KFC KFM KHEESAN KIALIM KIMBLE-WA KIMHIN KOMARK KOMARK-WA KOSMO KOTRA KPSCB KRAMAT KSL KURASIA KYM LAYHONG LCHEONG LCTH LDAUN LEWEKO LIENHOE LIIHEN LIMAHSN LINEAR LIONCOR-WA LIPO LIQUA LIQUA-WA LITRAK LPF LUSTER LYSAGHT MAA MAHJAYA MAICA MAXBIZ MAXTRAL MAYPAK MBMR MCMTECH MEDAINC MEDIA-LA MEDIA-WA MEMS MENANG MENANG-WA METECH METROD MIECO MIECO-WA MIKRO MINHO MINPLY MISC-CA MITHRIL MITRA MITRA-WB MMM MMM-WB MMODE MOBIF MODULAR MSC MSNIAGA MTEAM MTRONIC MUIPROP MULPHAL-WA MULTICO N2N NAIM NALURI NARRA NATWIDE NEXNEWS NEXNEWS-WA NGIUKEE NGIUKEE-WA NIHSIN NWP OCTAGON OFI OIB OILCORP OKA OSKPROP OSKPROP-WA OSKVI PAHANCO PALETTE PANTECH PAXELNT PBA PDZ PECD PENSONI PENSONI-WA PERMAJU PERSTIM PHARMA PJDEV PJI PLENITU PMBTECH PMCORP PMETAL PMIND POS PPG PPHB PRDUREN PRESTAR PRIME PRLEXUS PROTON PRTASCO PSPRING PW QSR QUALITY RALCO RALCO-WA RAPID-WA RHYTHM-LA RHYTHM-WA RPB SAMUDRA SAPIND SAPRES SATANG SAUJANA SCIB-WA SCIENTX SCOMIMR SCOPE SEAL SEEHUP SEG SERNKOU SHCHAN-WA SHL SINORA SITATT SMISCOR SRII STAREIT STSTEC SUCCESS SUIWAH SUNCITY SUNRISE SUPER SUPERLN SUPERMX TAFI TAKASO TAKASO-WA TALAM TALAM-PA TAMADAM-WA TAMCORP TANCO-WA TAWIN TDEX TECFAST TEKALA TEKSENG TGOFFS TGOFFS-WA TGUAN TIMWELL TMS TNLOGIS TONGHER TPC TRIUMPL TSRCAP TSTORE UBB UCHITEC UOAREIT UPA VERSATL VINTAGE VIZTEL WANGZNG WEIDA WELLI WIDETEC WIDETEC-WA WIJAYA WILLOW WONG WOODLAN WWCABLE XIANLNG YIKON YILAI YINSON YLI YOKO YSPSAH ZECON ZELAN

Total: 374

Warrant selection rules

My warrant selection rules:
0. The underlying stock must give some (or already given) bullish signals.
1. More than 2 months of lifetime (I cannot handle the pressure if it is too short).
2. Must be in the money or almost in the money (better chance that it does not become expensive toilet paper).
3. The lower the premium, the better (of course, what a silly statement!).

Due to the warrant's limited lifetime, I will never buy a warrant (or bottom fish) and wait for the underlying stock to turn bullish. The risk is not worth it.

My choices (in decreasing preference):
- IOICorp: CE, CG, CF
- KLK: CE, CF
- Bursa: CF, CI, CH
- Maybank: CF, CG, CE
- PBBank: CD, CF, CE
- Resorts: CE, CD
- YTL: CE, CF

Blue chips

The following blue chips with warrant are bullish (based on my criterias for weekly & daily time frame):
BJTOTO GAMUDA IOICORP KLK MAYBANK SIME TM YTL YTLPOWR

I'm in BJToto, Gamuda, IOICorp & YTLPower. I'm also in Resorts and PBBank.

I'm looking into Bursa, Sime and YTL.

Daily chart for KLCI is overbought. Hopefully, the trend is strong and it can continue to stay overbought. It's almost touching 1500. Using channel theory, the upper limit is around 1520 to 1540 (depending on the time frame). I don't like to give targets, but one must see how it react at this potential selling point.

Today the construction and finance counters rallied. Maybank failed to turn out from my Metastock filter! Looking back at yesterday's chart, my eye filter would have rate a buy yesterday. I don't know how did it slip from me.

Weekly Bullish & Bearish Counters (4 Jan 08)

The following are bullish counters filtered using my weekly criteria for the week ending 4 Jan 2008:
AEON AFG AIC AIKBEE AJI ANALABS ANNJOO APEX APM ARREIT ASIABRN ASIAFLE ASIATIC ATIS ATURMJU AUTOAIR BERTAM BHIC BJCORP BJCORP-LC BJLAND BJLAND-LB BJTOTO BKAWAN BLDPLNT BONIA-WA BSDREIT BURSA CBIP CBSTECH CEPAT CHEETAH CHEEWAH CHINTEK CHOOBEE CIHLDG CONNECT CRESBLD CRESBLD-WA DELLOYD DFZ-PB DFZ-PD DIALOG DIGI DKCORP DKSH DLADY DVM E&O-WA EDARAN EKIB ETITECH EURO F&N FAREAST FIMACOR FUTUTEC GAMUDA GCE GNEALY GPLUS HARNLEN-WA HEXAGON HIAPTEK HIGHTEC HINGYAP HIRO HLBANK HLIND HTPADU HUMEIND HWGB HYTEXIN ICAP ICP IJM IJM-WB IJMPLNT INTI IOICORP IRETEX JETSON JMR KASSETS KASSETS-WA KEINHIN KIANJOO KKB KLK KLUANG KMLOONG KMLOONG-WA KNM KPJ KPOWER KRETAM KRETAM-LA KRETAM-WA KSENG KULIM KULIM-WB LBICAP LFECORP LIONCOR LMCEMNT LOH&LOH LPI LTKM MAGNA MAGNA-WA MAGNUM MALPAC MASTEEL MATRIX MAYBANK MBFHLDG MELATI MHC MINETEC MITHRIL-LA MITHRIL-WB MMCCORP MPCORP MPHB MTD MTDACPI MUDA MUDAJYA MUH MWE NAKA NCB NESTLE NOTION NPC NSOP NTPM NVMULTI PA PACMAS PADINI PANAMY PARKSON PBBANK PIE PLB PLB-WA PMIND PMIND-WA POHKONG POHUAT POHUAT-WA PPB PTGTIN PWE RAMUNIA-PA REDTONE RESINTC RSAWIT RVIEW SAB SALCON SBAGAN SBCCORP SCOMIEN SILVER SILVER-WA SIME SINDORA SKBSHUT SOP SOP-WA SSTEEL SSTEEL-LA STAR SUNCRN TAKAFUL TAMADAM TANAMAS TANJONG TDM TENAGA-LA THGROUP THPLANT TM TOMEI TRACOMA TRC TRC-LA TRC-WA TSH TSM TWS TWSPLNT UBG UMCCA UNICO UNIMECH UTDPLT VADS VITROX WATTA WCTLAND-LA WWTKH YEELEE YONGTAI YTL YTL-WB YTLCMT YTLCMT-LA YTLPOWR YTLPOWR-WA YUNKONG

Total: 213

The following are bearish counters filtered using my weekly criteria for the week ending 4 Jan 2008:
ABRIC ABRIC-WA ACOSTEC ADVENTA ADVPKG AFFIN AHB AHEALTH AIM AIRASIA AIROCOM AISB AKN ALAQAR ALCOM AMDB AMFIRST AMMB AMMB-WB AMTEK AMWAY ANCOM ANCOM-WA APLAND APLI APOLLO ARK ASAS ASB ASB-WA ASCAP ASDION ASIABRN-WA ASIAPAC ASTINO ASUPREM ATRIUM AVENTUR AWC BANENG BASWELL BCB BCTTECH BDB BIG BIG-WA BIMB BINAIK BIPORT BKOON BOLTON BPPLAS BRDB BRIGHT BSA BTM CAMERLN CANONE CARLAW CARLSBG CAROTEC CENTURY CENTURY-WA CFM CHANG CHASE CHASE-WA CHUAN CICB CIHLDG-WA CME CMSB CNASIA COMINTL COMMERZ-LA COMPUGT CSCENIC CVIEW CWORKS CYMAO D&O DAIBOCI DAIMAN DAYA DBE DBHD DENKO-WA DGATE DIGISTA DIGISTA-WA DISCOMP DISTECH DKLS DNP DOLMITE DOMINAN DPS DRBHCOM DUTALND DXN EBWORX ECOFIRS ECOFIRS-WB EDEN EDEN-WA EG EG-WB EKOVEST EKOVEST-WA EKOWOOD EKSONS ELSOFT EMICO-WA EMIVEST ENGKAH ENGLOTC ENGTEX EONCAP EPMB EPMB-PB EPMB-WA EQUINE ESCERAM ESSO ESTETIC EUPE EUROSP EVERGRN EXTOL FACBIND FARLIM FARMBES FBO FIAMMA FITTERS FLONIC FOCAL FOCUS FRONTKN FSBM FURNWEB GABLUE GCE-WA GEFUNG GENTING GHLSYS GKENT GLOBALC GLOSOFT GLOSOFT-WA GMUTUAL GOLDIS GOLSTA GOODWAY GPA GPHAROS GSB GTRONIC GUINESS HAPSENG HARBOUR HDBS HEXZA HICITY HLCAP HOHUP HOOVER HOVID HUAAN HUAYANG HUBLINE HUNZA HUNZPTY HUNZPTY-WA HWATAI-WA IBHD IDAMAN IDAMAN-LB IGB ILB INGENS INGRESS IOIPROP IPMUDA IPOWER IQGROUP IREKA IRIS IRIS-PA IRIS-WA IRMGRP ISS JADI JASKITA JAVA JAVA-WA JAYCORP JERASIA JETSON-LA JETSON-WA JLAND JMI JOHAN JOHOTIN JOTECH JTINTER KAMDAR KAMDAR-WA KANNAL KBES KBUNAI KELADI KEN KENANGA KEURO KEYWEST KFC KFIMA KFM KHEESAN KHSB KIALIM KIMHIN KLCITY KOMARK KOMARK-WA KOSMO KOTRA KPSCB KRAMAT KSL KUB KUCHAI KURASIA KYM L&G LATEXX LAYHONG LBALUM-WA LBS LCHEONG-WA LCTH LDAUN LEESK LEWEKO LIENHOE LIIHEN LIMAHSN LINEAR-WA LIONCOR-WA LIPO LIQUA LIQUA-WA LITRAK LNGRES LONBISC LPF LUSTER LYSAGHT M3NERGY MAA MAHJAYA MAICA MALTON MAXBIZ MAXTRAL MAYPAK MBMR MBSB MCMTECH MECHMAR MEDAINC MEDIA MEDIA-LA MEDIA-WA MEMS MENANG MENANG-WA METACOR METECH METROK MIECO MIECO-WA MIKRO MINHO MINPLY MINTYE MISC-CA MITHRIL MITRA MITRA-WB MKLAND MKLAND-WA MMM MMM-WB MMODE MMSV MNRB MOBIF MQTECH MRCB MSC MSNIAGA MTEAM MTRONIC MUIIND-LA MUIIND-LB MUIPROP MULPHAL-WA MULTICO MUTIARA MYCOM N2N NAIM NALURI NAMFATT NARRA NATWIDE NEPLINE-WA NEXNEWS-WA NGIUKEE NGIUKEE-WA NICORP NIHSIN NWP OCTAGON OCTAGON-WA OFI OIB OILCORP OKA OLYMPIA OLYMPIA-WA OSK OSK-WB OSKPROP OSKPROP-WA OSKVI PAHANCO PALETTE PARAGON PARAMON PAXELNT PBA PDZ PECD PENSONI PERMAJU PERSTIM PHARMA PICORP PILECON PJDEV PJDEV-WB PJI PK PLENITU PLS PMBTECH PMCAP PMCORP PMETAL PMHLDG POS PPG PPHB PRDUREN PREMIUM PRESTAR PRESTAR-WA PRIME PRKCORP PRLEXUS PROTON PRTASCO PSIPTEK PW PWORTH QSR RALCO RANHILL RAPID RAPID-WA RCECAP RCI RHYTHM RHYTHM-LA RHYTHM-WA RPB SAMUDRA SANICHI SAPCRES SAPCRES-WA SAPIND SAPRES SATANG SAUJANA SCICOM SCOMI SCOMIMR SCOPE SDRED SEAL SEEHUP SEG SERNKOU SERSOL SHCHAN-WA SHH SHL SITATT SJC SKPRES SMI SMISCOR SMRTECH SPK SPSETIA SRIDGE SRII STAMCOL-WA STAREIT STSTEC SUCCESS SUIWAH SUMATEC SUNRISE SUPER SUPERLN SUPERMX SYMPHNY SYMPHNY-WA TA TA-WB TAFI TAKASO TAKASO-WA TALAM TALAM-PA TAMADAM-WA TAMCORP TANCO-WA TAWIN TCUBES TDEX TEBRAU TECFAST TEKALA TEKSENG TEXCYCL TGOFFS TGOFFS-WA TGUAN TIME TIMECOM TIMWELL TITAN TMCLIFE TNLOGIS TONGHER TOYOCEM TPC TSTORE UAC UBB UCHITEC UDSCAP UDSCAP-WA UEMBLDR UEMWRLD UMSNGB UPA UTUSAN VERSATL VINTAGE VIS WANGZNG WEIDA WELLI WIDETEC WIDETEC-WA WIJAYA WILLOW WONG WOODLAN WTHORSE WWCABLE XIANLNG YAHORNG YHS YIKON YILAI YINSON YLI YOKO YOKO-WA YSPSAH YTLLAND-PA ZECON ZECON-WA ZELAN

Total: 501

Sector Index Analysis

KLCI Weekly Chart

Uptrend intact. KLCI weekly chart is not yet overbought. RSI divergence downtrend broken. Technically, it can go to 1500 and above. KLCI-CA and KLCI-CC is a good play if KLCI continues to go up. I have position in both of them.

Property Index Weekly Chart

RSI downtrend broken, indicating the downward pressure is over. But no sign on the continuation of uptrend. I will not play any property counter yet.

Plantation Index Weekly Chart

Still going up strongly. I have positions in IOICorp and Kretam warrant.

Finance Index Weekly Chart

Struggling to built a base. No sign of continuation of uptrend yet. I only have position in PBBank warrant as its chart is the best among the rest. I'm looking at Bursa too.

Construction Index Weekly Chart

Some sign of continuation of uptrend (i.e. stochastic) but not yet fully confirm. The only counter I have a position now is Gamuda warrant.

Recovering

Thanks for the comforting words. Just when I am in the process of recovering, the market make a big move. Yesterday I wrote down the stocks that I wanted to buy, usually I buy in the closing hours. But some of them have moved up so much. I was looking at Gamuda, IOICorp, Kretam and Sime.

By the way, in my recovering process, I wrote a flash application to calculate the warrant premium and gearing. I did this because the number of warrants (including covered warrants) are increasing until I find it very hard to do it manually using my Excel. What this flash do is that it retrieves the data from Yahoo and calculate the premium/gearing. I'm looking for a free website to publish this flash so that you guys may benefit from it. But due to the security settings of the flash player, it doesn't work.