The traders were talking on how the market was going to "fall BIG". Result was whoever shorted based on 'opinion is subject to 'cut loss'.

"If you ever had to ask someone their opinion on a particular trade or market direction insight, then YOU SHOULD NOT BE IN THAT TRADE" Linda Raschke

 

Very true, some traders are just dumb, cannot makeup their minds.

Still the best 'track record'

10 year KLCI monthly.

 

How many '10 years' does one have in a lifetime?

 

Those whe were long equity and not 'hunkering down for the crisis'(whatever crisis the inv banks try to concoct up) is still having the best record in returns over the time horizon of 10 years.....

 

And those who short leveraged futures on stocks futures are in oblivion.... at this particular moment in time.

30 min fkli

Analysis: Washington to Wall Street - Threat of default is real - Yahoo Finance

After the failure of the taper QE "news", the manipulators now fan the "default" of the US news, and so it goes on.....

http://finance.yahoo.com/news/analysis-washington-wall-street-threat-211858935.html

Genting Bhd. Proves one thing, you cannot get too bearish on a stock based on 'fear of tapering of QE".

Instead of tanking down, the market rises. One of the things that I observe about the Malaysian futures trader is the propensity to mistakenly 'talk (or swear) at the market' rather than 'listen to the market.' That is why most remain amateurs, especially the local.

Looking down? Apparently, but nobody knows...

UNICO, takeover??

ESPNFC: Soccer Pellegrini purrs as Moyes is left to ponder

http://m.espn.go.com/general/blogs/blogpost?blogname=thematch&id=300

When Fed Chairman Bernanke signalled to the market on how the Fed would consider tapering of QE a few months ago, his statement was that the decision was predicated upon the 'economic data'. The Fed did not say "QE will start to be tapered IN SEPTEMER 2013"

 

The smart alecs boffins in Goldman, JP Morgan, Morgan Stanley (the usual market manipulator culprits) were the ones who pronounced through their models that crunched the economic data that they forsaw easing or tapering "in September".

 

They got what they deserved.

 

"Those who know don't talk, those who talk don't know"

 

"Stash that flash(news) in the trash"

Malaysia Airport

FCPO futures 5 min, a short squeeze.... And the traders are swearing at the screens, complaining out  loud on 'damn slow the system...'. It really is 50 minutes of hell for those who were short from the morning session. It is money flow and pain that moves the market, not any news flash or fundamentals.

1768 a previous high level on the 5 min chart...

AP News: As Fed meets this week it faces many uncertainties

http://m.apnews.mobi/ap/db_6776/contentdetail.htm?contentguid=01Okdssh

If ever there is a statistical ptobability is for the KLCI to gap up after a long weekend... If the US markets hold their gains that will be another blip to support the assertion.

AUDUSD 4 hr

The traders are asking the q "The Polah figures is nice friendly to the market, why is the price breaking new lows?"

 

The short answer is if the figure is nice might as well enter the Miss Universe pageant, why go and long the futures?

http://www.theaustralian.com.au/sport/tennis/victorious-rafael-nadal-pushed-to-tears-in-us-open-final-over-djokovic/story-fnbe6xeb-1226715928832

Stash that Flash in the Trash

The traders are focussing on the just released PORLA report on CPO stocks and production. Just hogwash do what Ed Sykota says "Stash that flash (news) in the trash"

Basic strategy

 

(a) In a major downtrend: sell on minor trend rallies into overhead resistance or against a strong down trendline, or on a
45% to 55% rally (or the third to fifth day of the rally) from the recent reaction bottom.

(b) In a major uptrend,: buy on minor trend reactions into support or against a strong up trendline, or On a 45% to 55% reaction (or the third to fifth day of the reaction) from the recent rally high. In this regard, it is imperative to note that, if you misread or choose to ignore the trend of the market, and are buying against an entrenched bear market or selling against an

entrenched bull market, you are likely to spill lots of red ink, and feel pretty silly, as well.

3. Your with-the-trend position could result in a big favourable move, so you should try to remain aboard for the ride. By premising that every with-the-trend position could result in the big move, you will be encouraged to resist the many temptations to trade for the minor swings, or to scalp against-the-trend trades.

4. Once the position is going your way and the favourable trend has been confirmed by your technical analysis, you can add to the position (pyramid) under specific conditions, as noted in Chapters 11I and 15.

5. Maintain your position until you are stopped out, and your trend analysis indicates that the trend has reversed. At that point, if you have been attentive to the market, you should be positioned for the newly formed trend.

Australia Dollar v USD

Public Bank, driving the KLCI. Bonus issue coming?

Jesse Livermore once said, "You don't want to be on the bull or bear side, but the RIGHT side'

The best news 'report' is from 2 weeks ago. Then you can see how they are rubbish...

 

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=154061:turmoil-in-asian-markets-sparks-fears-of-new-financial-crisis&Itemid=3#axzz2eMhGMpYe

"I sold the last lot of Public Bank". That was the statement from someone I know, at that time the price was ex div just above 17.00. Today's price 17.56 right now gives insight into Jesse Livermore's saying "It was never my thinking that made the money, but my sitting"

The best market calls are those made 6 mins, 6 hours, 6 days ago.... "Those who know won't tell those who tell don't know"

So what is the point of calling the 'short of the century'?? I guess it is for the misinformed "top traders"  In actuality they are high stakes gamblers, if lucky hit the home run if not get run into oblivion. Don't believe the bullshit when the broker points to a "top trader" and says that...

Federal Election 2013: Live coverage and results

http://www.smh.com.au/federal-politics/federal-election-2013/federal-election-2013-live-coverage-and-results-20130907-2tbd0.html

Australia Votes | Federal Election 2013 (Australian Broadcasting Corporation)

Australia General Election 2013, a model for true democracy and fair election coverage. Take note Malaysia Election Commission, need independent observers fron Aust, not military junta countries or communist nations..

http://www.abc.net.au/news/federal-election-2013/

No doubts about it, the tail has to follow the dog....

It's like gambling...

"Those who know don't talk, those who talk don't know" is a well known Wall Street adage. So does it make sense to keep talking on the market's moves incessantly and keep asking other traders' opinion on the market direction?

"You should not ask anyone their opinion on the market's direction nor should you offer your opinion to anyone." Stanley Kroll

For the trader in this current environment, these are the symbols to be tracking...

Dollar Ringgit