The Crash of 1929

An excellent documentary.

Sector Indexes (20080822)

Sector summary for the week ending 22 Aug 2008. Everything is still pointing down.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down
Construction	Down	Down	Down (-)
Plantation	Down	Down	Down
Property	Down	Down	Down
Mesdaq	Down	Down	Down
2nd Board	Down	Down	Down

World Indexes

My interpretation for the week ending 15 Aug 2008.

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral
DJI	Down	Down	Neutral
NasdaqComp	Down	Neutral	Up (+)
Nikkei 225	Down	Down	Down
Kospi	Down	Down	Down
SSECI	Down	Down	Down
HSI	Down	Down	Down
TWII	Down	Down	Neutral
STI	Down	Down	Down
SENSEX	Down	Neutral	Neutral
FTSE	Down	Down	Neutral
DAX	Down	Down	Neutral

Glitter

Ok, it's not KLSE glitter. It's our first silver/gold Olympic medal in more than 12 years. Chong Wei, make us proud man! We all hope that you will give us the joy among the gloom and doom.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down
Finance	Down	Down	Down (-)
Construction	Down	Down	Neutral
Plantation	Down	Down	Down
Property	Down	Down	Down
Mesdaq	Down	Down	Down (-)
2nd Board	Down	Down	Down

Weekly Index Analysis

First of all, I must congratulate the organizing committee for the Summer 2008 Olympics for producing such a spectacular opening ceremony. Well done!

Back to business. Looks like KLCI is still not in a good shape.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Down (-)
Finance	Down	Down	Neutral
Construction	Down	Down	Neutral
Plantation	Down	Down	Down (-)
Property	Down	Down	Down (-)
Mesdaq	Down	Down	Neutral
2nd Board	Down	Down	Down

For other markets, the readings are mixed.

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral
DJI	Down	Down	Neutral (+)
NasdaqComp	Down	Neutral (+)	Neutral
Nikkei 225	Down	Down	Down
Kospi	Down	Down	Down
SSECI	Down	Down	Down
HSI	Down	Down	Down (-)
TWII	Down	Down	Neutral (+)
STI	Down	Down	Down
SENSEX	Down	Neutral (+)	Neutral
FTSE	Down	Down	Neutral
DAX	Down	Down	Neutral

It is hard to read the market. I'm still staying out of Bursa Malaysia.

Hedge Fund

New York's Top-100 hedge funds are feeling the pain too in this year's downtrend. Read the news here.

Make or Break Again?

KLCI Weekly Chart

KLCI is just under the downtrend line. Can it break to the upside or continue going down?

The summary for various sectors:

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Neutral
Finance	Down	Down	Neutral
Construction	Down	Down	Neutral
Plantation	Down	Down	Neutral (+)
Property	Down	Down	Neutral
Mesdaq	Down	Down	Neutral
2nd Board	Down	Down	Down (-)

Looks like the plantation sector has stabilize somewhat but the 2nd board sector has turned down again. Only Tenaga looks interesting for shorterm trade.

For the rest of the world, the reading is mixed:

World	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral
DJI	Down	Down	Down
NasdaqComp	Down	Down	Neutral
Nikkei 225	Down	Down	Down (-)
Kospi	Down	Down	Down (-)
SSECI	Down	Down	Down (-)
HSI	Down	Down	Neutral
TWII	Down	Down	Down (-)
STI	Down	Down	Down (-)
SENSEX	Down	Down	Neutral
FTSE	Down	Down	Neutral
DAX	Down	Down	Neutral

Mastercard Commercial

Another good laugh. This time from Mastercard.

Speculation

I like Julie. You know what I mean when you watch the video. Anyway, in this video, she talks about speculation which has now become an "evil" thing.