Byuilding up energy in the spring...

Ricky Ponting Quits Test Cricket

http://www.smh.com.au/sport/cricket/ponting-quits-test-cricket-20121129-2ahwd.html

Breakout! Maybe jawboning does work after all...

Gurus, experts, do they know better? Just need to waffle and pluck figures and draw conclusions and target prices out of the air like magicians. And like magicians, they are creating ILLUSIONS!!

This guy is an expert..."...with 35 years of experience" Today he will demonstrate the art of illusion with the use of words..

They use jawboning as their means to earn a living. The broad definition of jawboning is:The use of spoken persuasion.

Closes at day highs...

Still on the up?

Daily FBMKLCI, bearish note... oversold so can we expect a technical rebound?

FKLI futures as of yesterday, closed below daily 200 sma...

Trading is a journey ofself-discovery; success lies in understanding
who you are.

When trying to improve as a trader, most people look outward; but the only way to succeed is to look inward. We all have strengths and weaknesses, and being truthful about ourselves is the key to becoming a great trader. Who and what we are is not right or wrong, it is simply who we are. We have strengths and weaknesses, but how we manage them is essential to success in managing our trades.

Most traders trying to improve will first search out more gurus, better software, and new trading systems. They suffer from "if only" syndrome. If only  I knew more,  only I studied more, had better picks, more computer screens, or a better chat room--then I could get it right. They look everywhere but in the mirror.

When their trading doesn't improve, they move on to more information, another system, or another guru They will either run out of money or patience, or both. What most traders lack is ot information, but a deeper understanding of themselves and what they need to turn themselves into a
success.

BELLS AND WHISTLES

If you can 't trade with price alone, indicators won't help you. Because of the new technology of computers and software, we are constantly barraged with vendors selling us the latest hot system of bells and whistles. Vendors do not trade stocks, they trade dreams. Their job is to sell you a
system of flashing lights and buttons and convince you that you will be able to trade better and fulfill your dreams of riches. In truth, if you cannot trade with price, then indicators won't help you. Most indicators are based on price.

Price matters most above all things. Never trade off indicators alone. Price is the only truth you will ever find in the stock market. Price is where buyers and sellers all agree at the same time. Price is exactly what the stock is worth now. You may think it is worth more or less, but price is telling you what is really worth, whether you believe it or not. That is not to say it will remain at the same price, but traders must trade on what they see now, not what they hope to see in the fut

Dr Charles Schaap

Trapped within the box... Only the suckers are trading within..

Tenaga

60 min FBM KLCI

 

 30 min box breakout.

Vettel secures 3rd Formula 1 title despite crash on 1st lap; Button wins Brazilian GP - Brandon Sun

http://www.brandonsun.com/sports/breaking-news/vettel-secures-3rd-formula-1-title-despite-crash-on-1st-lap-button-wins-brazilian-gp-180755721.html?thx=y

Higginbottom holds nerve to claim NZ Open

First amateur to win NZ open in 56 years..

The Thanksgiving seasonal tendency is playing out. Dow up 1.3%.

Seasonally stocks open up the day after thanksgiving

Formula 1 Brazilian Grand Prix Preview

http://www.motorauthority.com/news/1080641_formula-1-brazilian-grand-prix-preview

Seasonal tendencies for the S&P500 in the days following Thanksgiving...

http://www.tradingtheodds.com/2009/11/thanksgiving-and-stock-markets-performance/

Public Bank, Genting Bhd

12 point box on 30 min fkli futures..

Dollar Yen & Nikkei futures...

Rabobank: CPO prices to rebound next year | theSundaily

http://m.thesundaily.my/node/126461

Champions League: Manchester City bow out, Arsenal progress - ESPN FC

http://soccernet.espn.go.com/news/story/_/id/1235068/champions-league:-manchester-city-bow-out,-arsenal-progress?cc=4716

On 9 Nov 201, at some conference of experts on Oils and Fats (or something like that) one expert painted a very bearish picture on cpo 'due to high inventory stock levels of cpo. Should be 'damn bearish' right? Well the price action since then has been on the upside.

Contrary to popular belief, fundamental news and expert opinions need to be taken with a grain of salt. These 'experts' don't know better, and one might suspect that they are really consistent, consistently wrong. They are consistently wrong due to their ludicous target prices, that entail huge risks to be taken for those trades. The result, before they make money, a swing in the market will wipe them off the position.

FKLI weekly volume since 3 April 2012, on the down move...

FBMKLCI, not ready to move up... Genting Bhd, still in play, just...

Genting Bhd 30 min

NQ futures +19 this morning (1 min chart)