End of May, Take Profits

FCPO, cash out. Good lucks to those who are still HOPING it can drop further for now. LoL!!!

Sell in May and Go Away... working again LoL!

Game on baby!

Time to Short???

Yes, No, or Maybe? LOL!

Melting Down

LoL!

We Make Your Dreams Come True!

"Bajet Rakyat Malaysia 2011" item no.85
"The Government is aware of the difficulties faced by the rakyat, particularly young adults who have just joined the workforce with income less than RM3,000, to own a house. To assist this group, the Government will introduce Skim Rumah Pertamaku through Cagamas Berhad which will provide a guarantee on down payment of 10% for houses below RM220,000. This scheme is for first-time house buyers with household income less than RM3,000 per month. In other words, the house buyers will obtain a 100% loan without having to pay the 10% down payment."

This is what I think:

Very creative measure to boost home ownership indeed. (A contrarian approach too, if compared against regional governments' move of raising loan-to-value ratio to curb the sky-rocketing property prices. ) LOL!

Why push young adults to over-commit on something they can't afford. Journey of an indebted life will now begin for many young ones.
(And they have better pray hard that BLR will stay at this level or lower for a very long time).

Why do I have a feeling that we are making a local production of "Subprime Drama"? Perhaps I worry too much. Do enjoy the subprime cartoon of this post, couldn't be better. LOL!

Surviving the Shakeout

This year, FKLI and FCPO are making new highs one after another. Ironically, we also witness some bloggers being roasted by the markets. Market operates in a mysterious way. It likes to shakeout the weak holders before it makes another major move. It likes to exhaust the wish-washy traders and stubborned traders too. To survive the shakeout, is like walking on a mid-air rope. Feel the rope, advance when the rhythem is with you; in shaky situation, take a breather and ragain your balance. Yes, I am aware I might be talking rubbish. LOL!

What's your problem, Mr. CPO?!!

Mr. CPO, you have probably failed an important swing up attempt so far this week! The longer you drag, slimmer the chance you can swing up for immediate term. Show me your true colour. Won't you?

FKLI, a swing down in the making. Sit tight, baby! LOL!

Interesting Week

Pretty interesting week it has been: new High for Gold, Soybean Oil broke out from its range, FKLI sharp correction on Thursday 23/Sep, and at the moment DJIA is trying to hit its 4-month high. What is lacking here? FCPO! FCPO has been behaving rather weird ever since it migrated to the CME Globex. Strong Ringgit Malaysia could be a key factor now holding back the FCPO. Currently it trades about RM3.10 to one US Dollar. Pretty strong level since many many yeart back (I still remeber in those free floating good old days it traded RM2.70 level to one US Dollar). Well, you and I can come out hundreds of reasons trying to explain the current dull price movement of FCPO, but it has got its own free will to move either direction. We can only wait for now, whether you are holding Long, Short or Nothing. LOL!

So you think FKLI is going down? Part IV

Proven with today market closing @ 1463.5 !! I feel good! LOL!

Is it a Plane? Is it a Bird?

No.... It's FKLI! LOL!

Gold Price Poised to Test New High

or bounce down (in the making of infamous Double Top) , as simple as that. Two sides of the coin. LOL!

Merdeka Day is around the corner. Wishing all Malaysians a Happy Merdeka Day, and Celebrations of true Malaysian spirit.

P/S: Feel like taking a short vacation but I keep it on hold, simply can't miss the biggest fishing season of our markets this year. LOL!

A R350 on an uphill Climb

That's my analogy for FKLI performance ever since it broke its previous high of 1374.5. Powerful yet controlled, sturdy yet elegant. It has set many traders (i.e shorties, LOL!) in disbelief, denial, or even frustration. Well, that's our market. Either you are with it, against it, or left behind.

Can FKLI touch the Sky?

Well, pretty tempting for most of the traders to short at current FKLI 1390 level, just because it seems so high, it has to be coming down. Right? I bet many are thinking this way.
No doubt it's one of the available strategies, but I won't try that for now. LOL!

Reason? FKLI is going from strength to strength at this moment. Need more reasons? LOL!

Mission Accomplished.

LOL! FKLI hit my 20pts target!

Aha!

FKLI Bears, watch out. LOL!

Perfect set up for Long bias traders like me today, now we wait and see how far will this up swing go - initiated at around pivotal level at 1345. LOL!

What's next after sizzling hot session?

Although FCPO daily chart looks like on Viagra, LOL!, the over extension is pretty much getting on the nerves of bullish traders. It will not go up forever. You know it, and they know it. Any slight justifiable reason will be the reason for profit taking.

Open interests reduced from 22K to 21K level, smart players have left the room? We don't know, but today it's going to be interesting to see how the market will react to the latest CPO statistics.

P/S: What happen to FKLI? Very few opportunities for me nowadays. I am Long bias but it does not have enough volatility for me to short-term trade. And the risks/rewards of trend trading FKLI don't quite convince me take up any longer-term position yet. So... it's ok to do nothing for now. LOL!

Mama Mia!

FKLI has been soaring since I previously turned Short bias, LOL! Although no action was taken yet while I am waiting for a swing high point still (for quite some time now, LOL), here we arrive nearer to another pivotal level 1345! C'mon, let the show begin, Mr.Market please tell me where to go from here! LOL!

So you think FKLI is going down? Part III

Scheisse (Shit in German)! No, I didn't convert to German just because Germany is almost the strongest football team as we speak. LOL!!

Why scheisse? Nothing actually, just trying to tease those girls.

OK, back to business. FKLI is now officially sub-1300.
Warning has been given last week, as I knew the market was weak.
Does it mean I was wrong about my earlier statement that FKLI would test 1445?
- Yes, I was wrong, and the market is always right.

Does it mean I think FKLI is going down now?
- No need to think, it is going down. It could be a start of a down swing, or a down trend. Size your positions right and you will be rewarded!

Danke schoen my lovely markets! (FCPO inclusive, wink wink) LOL!

Code Red!

Danger looming over FKLI's pivotal 1300!!

Timing is Everything!

Accumulation. LOL!