Saturday, October 24, 2009


20091025 I was looking for charts to post and found some weekly charts.
1 FBM KLCI weekly with Fib retracements
2 HL Bank, the stellar performer last week
3 Sime Darby Bhd, the upcoming stellar performer? Depends on cpo prices...

Budget 2010
Lukewarm response to stock market measures, I am sorry, but the remisier model is stone aged. From the comments of 'remisier pinching' the cake is shrinking to the extent that the dogs fight for the scraps.
Real Proerty Gains Tax reimposed. But then, property is not a major sector in the FBM KLCI. And always remember, what the garment giveth it can always taketh away later. In the first place in 2007 RPGT should never have been 'abolished'.
One Malaysia, higher income nation for all equally, but, any measures to ensure the spirit of One Malaysia comes through?
Maximum tax bracket down to 26%. Oh goodie!
RM50 per annum service tax on credit cards. Oh no, credit card junkies will have to trim their collection of credit cards down to 1.... just have one debit card otherwise you won't enjoy the tax relief on the broadband tax relief. The PM has defended this 'hand in the till' action. Best just to keep one card, or just use debit card.

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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

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From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system