Bursa Maniac

Market FBM KLCI Outlook, 1 Sep 2015

After bar [a] denoting spring, sign of strength, we have like an outside bullish setup [b].

Incidentally, our forecast to the support of 1500 price level was tested and the lower prices are rejected indicating strong support at 1500 by the smart money.

Should the market close above 1640-1650 successfully, the downtrend has temporary ended. At best, expect sideway.

See you next week...

Watch Video Market Outlook YouTube:https://youtu.be/jVJYn82rDFc

Continuing from last week market comment, the down wave to break below 1600 price level was done with substantial volume. Any breakdown of price with volume denotes large institutions selling are involved.

The KLSE market bar [a] is likely to continue until we see moderate sign of strength eg. Spring or stopping volume which may be 2-3 week from now.

Expect more selling to come.

See you next week...

Watch Video Market Outlook YouTube:https://youtu.be/JFYTTVXO65o

2 days ago Was Composite TC high , look at the market look like will have no strong correction was just see little pull back , if correction 6 more days to go should have another TC point. KLCI should have reach TC low ? from study of TC it should have reach short term TC low , if CI turn north must be able to hold above 1814 else wont be strong, then after 8 more trading days should have another TC low.

KLSE Technology Index : It is surely a bull run now, buy technology stocks !!

ECS (5162.KL)
EFORCE (0065.KL)
VITROX (0097.KL)
TIME (4456.KL)
GRANFLO (0056.KL)
DIGISTA (0029.KL)

All these still can buy. TECHNOLOGY bull run is still running hot as predicted:


MTD ACPI ENGINEERING BHD MTDACPI (5924)
Industry: infrastructure and building areas such as bridges, residential quarters, hospitals and stadiums, riverbank protection, drainage
Company website: http://www.mtdacpi.com/
MTDACPI (5924.KL) is moving now, i think financial result should be good.
MTDACPI ~ eod 29.10.2013 Tue Closed 0.485
I plan to buy little bit at RM0.49


EA HOLDINGS BERHAD EAH (0154)
Industry: Business Intelligence, and automated invoices processing solution and data warehousing solutions
Company website: http://www.eah.com.my/
EAH ~ eod 28.10.2013 Mon Closed 0.135
E = 0.125
S = 0.110 (-0.015 = 12.0%)
P = TP1 0.150 (+0.025 = 20%) ... Fib-P 100%
RRR = 1:1.7
If I see ultra high volume as selling volume,  so i'll usually exit partially if not all depending on d stock's quality.


REDTONE INTERNATIONAL BHD REDTONE (0032)
Industry: broadband service provider and Multimedia Super Corridor, high speed Internet services, data solutions and discounted Voice over IP (VoIP) services
Company website: http://www.redtone.com/
REDTONE (0032.KL) : bought at RM0.75 27 minutes ago.
Will broke out 745 ; next horizontal resistance 795.
Monday t4, should be the last day it drops, maybe will continue go up Wednesday.

US federal government shutdown What will happen to their Stock market ? Will history repeat ? like what happen in yr 1995 Dec 16th ? Going up based on TC , by the way , Sifu do u hv DJI historical data from the begining 1896 until 1929 ?  Well after US tonight close then we will get the answer.



If Monday CI able to move up above 1778 then break 1784 our market will look good else if drop below 1769 beware, come to the worst you see 1765 be very alert.
Red and brown Horizontal line are resistance , blue and green line are support.

From Auto R/S CiI had reach it resistance points from TC (Arrow) had also reached it TC point, now will CI come to the time of correction or just a little pull back , due to strong US market. The red horizontal is 1788 and the brown is 1790. Beware of TC high of composite index .

I will never analysis charts by using 2 bars only, as it cant really tell any thing, may be i am not that smart. That's why I always draw a trendline to support my view. Funds switched to indon eqty & local mkts for 2 days, today morning sell off can be orchestrated by big players to lighten risk, but now USA futures index look stabilize, i expect tonight congress to reach a primary consensus.

Either a big win or a big lose. I have stopped using Elliott Wave for quite a certain time. This time feel gatal to use it again, If Elliott Wave counts are not misleading me this time, our Malaysia KLCI will shoot to very very high !! Not the first time the GDP get downgraded. I believe 3rd quarter GDP can beat all the analyst or bank forecast due to increase in export and local consumption. Wave 5 target reached. Those who longed the FKLI at around 1770 can start to liquidate with nice profit.

Hope I am not wrong. 1817 will be the nice profit target.

Industry: manufacturing of plastic/polymer, furniture, metal and automobile refinishes coating

Company website: http://www.sersoltech.com/
Auto R/S ,this calculation until now still not known to the world of Chart TA I am waiting to see some one who able to find out, at early stage of my charts there are many clue to spot how it was calculated now those clue was taken away, yet to plot that you have to have software like METASTOCK then you able to do it , that is why now not much people able to create some thing new all cos of now most of you are using online charts , yet those online chart software the vendor may able to steal away your setting this is what I dont like .
Chua Cheng Lee he use METASTOCK too so he can try out many setting ,YONG KM he use too so he always find new setting , after he saw my Auto R/S he try out his too , so the wonder of METASTOCK . Earlier today I saw a post comment ask about Auto R/S before I reply the post now dont know where was it had gone .

Yesterday I learn a very good lesson from FKLI intraday was also learn a lesson from myself I name it EMOTION from KLOFFE live code platform I saw 1 the low , so I try to figure it out from my metastock chart but not able ,but I able to get a point at 2 due to my EMOTION I do not try to believe so i said I no able to find the point mean point 1.From this lesson teach me dont use emotion to read chart , I myself always said to people dont use emotion to analysis but yesterday I use it.

From cycle study about 4 bars(30min) from yesterday close will have a TC point of low then count from yesterday close 5 30 min(150min) bars will meet a TC of high, then after 90min will have a TC points of low again.
Take it as a reference only use it to trade at your own risk. The zero had shown that FKLI should be time to drop because of TAS is high. FKLI should have reach TC low let see this point market follow or not.

This morning when market open then down 2 points was because by PETGAD done 100 shares only.
If today and next week is still unable to close above 1725 more sell down could continue.

Our CI most of the time it movement was control by a hidden hand , who are the hidden hand ? YOU should know .
Why this sharp down I have no feeling of scare just because the down was manipulated by the hidden hand, what was the propose , to move the FKLI direction , this is the reason I don't want to play FKLI any more.

BIG HANDS CONSOLIDATING AND NOT SHORTING AFTER COVERING VERY HUGE AMOUNT OF SHORTS IN JUST 2 DAYS. MARKET IS NO LONGER BEARISH. I CALCULATE AND SAY THINGS BEFORE THEY HAPPEN. JUST WATCH.

The only thing we can say is Malaysia Boleh. Next week the fiscal deficit team is going to tackle Malaysia national deficit politic issue so that our rating will not be downgraded further. I am very bullish on the market especially blue chips with earning growth.

Now look at below counters then to understand the last few min shoot up, from my observe most of the time was this few counters which move the CI up and down, try go look at some other counters like IOI, NESTLE KLK today the last few min they still keep as it.
NOw 1 question in my mind why not NESTLE into Ci , why should BAT put into CI . Yesterday morning KLCI down about 2 points just because of PETDAG start done with only 100 shares down 52c

Last minute closed at 1727, bull is still in control, next Monday maybe can start to grab.

I had show may type of charts and indexes yet people cant read it what can I say , if the market really going to go off it wont let you know it will show very good , before GE they try to give away the Index counters now they press then collect it back ,from the money flow chart show.

Every one will ask where should CI head to north or south , I believe none of us will know only market maker know , who are they ? Haha, I don't know.
Now let us just look at the Composite Index chart from 1990 to 1994 vs 2009 to 2013, look alike but not the same will history repeat ? You take some time to study this 2 charts .
American are going to attack Syria . Those early yr ago American attack Iraq USA stock move and shoot up will history repeat ? This make me recall ,that time i told my friends I want to buy ALCOM they said I am mad said : war is going to start you go buy share ? I bought ,share price move up then they follow.

This comparison shows 2 charts from 1998-2013. When unemployment is down, the stock market tends to go up, and vice versa. Stock market crash is unlikely to happen, since unemployment rate is still under control. Those fund from America now go back to their country to enjoy high interest from FIX INCOME.

KLCI's latest update: It has temporarily bottomed, let's wait for next Monday's reaction to see if a strong support is formed.


Time to switch to Indo eqty fund, try capture possible rebound, then decide with Fed confirmation. for MAAKL MUTUAL ;come in Indo Eqty fund, or any fund(S), like HW-flexi, SH Progress.. observe FED possible decision soon later. decide on direction. afterall, you hv 6 Free swicthing. Not many ppl knows about switch mutual funds platform of MAAKL MUTUAL, my mentor initiate this 10 yrs ago in Public mutual. Mean also put our money into others pocket let other people to decide our future, when they had make 100 from our money he give us 30 yet we have to be very thankful to them !
MAA was a American company the share price was push to very high about RM30.00 after local Bumi took over later down to the earth, can we trust this type of company ? MAA group is Msian company, AIA bumi agent.. then, he took over MBF unit trust, managed by a bunch of incompetent ppl before the unhappy partner (KL Mutual) of Public Mutual (PBank) join them to help build MAAKL MUTUAL.. few groups are negotiating to buy MAAKL MUTUAL now, incl ML Life. this also tell you the guru of KL Mutual hv left Public Mutual, now captain of MAAKL MUTUAL. So far the Flexi fund is the best performer in my opinion. If want to bet on laggard, I would prefer China. What I suggested was to launch a real China Fund. The existing China Fund is just for show - the last I check was that the China Fund invested in a HK ETF in a substantial manner which then not really a China Fund. We are games players, we look for games that to our favou, platform that is flexible & online, Free switching, multi fund managers, multi markets, and have EXIT plan which is controllable by us.

Sharing my view on FBMKLCI. Now is 11:36pm, just now Dow Jones hit new All-Time Intraday High, but still unable to sustain above it. It could be a sign that funds are using this opportunity to liquidate at higher prices as possible.

Weekly chart of KLCI shows evening star, weakness is still around. Malaysia cycle is 13 month for KLCI! But 9-10 month is for ace market or small capital! What we buy is small cap! So u use wrong index to analyse already! Cycle analysis covers in depth into the time frame. Fibonacci Time is only a normal tool. Try all my way to figure out the 13 months cycle cannot get it right look like I really poor on count cycle, mean I have to relearn .

On 23rd had said 3 more days will reach TC of high it came true today KLCI move down trend let see when the go south movement will stop .
From my study I found a strange issue ,cos I found 2 date 1 on 30/7 the other on 1/8 ,which to follow ? I read it this way if tomorrow is the last day of drop mean 31/7 will start move bullish else the drop will continuous till 1/8.  Look at above chart again found have miss out some important figure which I post at other group of the possible of CI 1792,1786 , 1792 had come true now just wish 1786 wont happen . Index always up had trap all the seller again trap the Index future shorters too wish it wont move down to let my TC work fine. Time Cycle tell only time not price or point , so mean can tell the time not mean the point too but for point yet wont sure of when it will reach.  The TC high may extend to 2014 this is a big cycle how far it will go no body will really know, my forecast was it my go to about 2100 if it really strong might be we able to see 2600, if by yr 2014 it reach let say 2600 do you think at TC high will have only a consolidation ? will it pull back 50% or more ? My personal plan is when reach the said points i will just clear off all my shares then go off for a long travel ,so as to go away from the temptation of price movement.
When I said 2100 to 2600 it sound impossible right , this was just like during yr 1993 when CI was about 800+ I said yr end of 93 CI will reach 1300 also sound impossible . If it follow the time frame of 21 yrs should be around at 2014 to complete the cycle , but due to some external event the high wont move till the end of 2014 my forecast will end at around March to May, now let you all think what event will it be to shorten the bull run ?
This 2013 bull was forecast a few yrs ago .  If by calculation, its about ending now if using precise point because the 13 years is also not full year. So 21 years also probably not full year. External events, I do not look at much because they can come up with 101 reasons when they want to push it down. If they want to end the bull run now, they can always do distribution now then later to have bigger pullback, just say Malaysia's debt is too high, almost to debt ceiling etc. Now I see the chance of the our stock market 1762 the support is here. panic selling had press most of the shares price down, was lucky some of my counters didt drop yet move up a little like LIIHEN, yesterday sold SCABLE now waiting for time to take it back. Based on Spotmth chart, first meaningful support 1720, followed by around 1700 (psychological, MA supports), then 1640 (via trendline). Steep drop, 2nd dead cross on short term EMAs, consolidation will at least be needed. Additional pullbacks or not, depends on the 1st two supports whether they are tested and if they stand. Most of us & our brokers were surprise of the weak rebound today.. Possible reasons : 1) today is friday, 2) National day celebration is 5 trading days away, some "forces" purposely slow down the rebound. Just my gut feel guessing.

Different investors have different idea of market view too some use emotion to read the market some use logical way some use TA , for none of above is wrong, cos some time emotion work some time logical work fine some time TA work fine , for me TA should work better just because i use TA
Happy to see CI had move above 1760 go above it auto resistance level this level is a very important level if not able to hold above market will never have chance to go higher, if it really able to stand above 3 more days will meet a TC point the blue arrow. Even if they are using the same pair of glasses (whether emotions, logic or TA) different people see different things.
That what makes the game so interesting. When the Ci still move between the range of 1727 to 1793 if the volume increase dont you will feel strange, where the stocks come from ? so the interpretation of volume some time is very simple like reading ABC.....Z but some time not that simple .
Since after 8/5 CI move side way yet the Volume was keep so high make me worry not happy that is why i trade very consciously and I also always post chart then remind. After long time of range trading will create a side effect when a small drop come most of the people will feel scare, that is why early those few days all sort of news came out and many people feel like the world is going to end.  Yesterday CI close was just touch the trend line ,today go above and pull back into the trend line again, if CI move as what i had forecast mean it may take about a week or more then will go above the upper trend line then further to uptrend.


KLCI was move along the upper trend line , friday high was above previous 4days high but close off high if that is a TC point mean Monday CI wont see a higher high than Friday. Let us just wait to see what will happen on Monday with strong DJI .
From below chart can see that CI is above the short term auto R/S that is good but is still below the long term Auto R/S. KLCI had jump over the two resistance line if it start to move north 5 more trading days will have a TC point of high.
Just don't understand why CI jump start just above my setting of auto resistance. This 15 years long bull run is coming to an end very soon for our Composite Index. There will be big push to trap people after the Hari Raya. Please beware. Concentrate on low liners and dirt cheap counters for huge profit.

I remember last year I did post this chart ,so far my previous forecast was correct ,now I wish my analysis will be correct again and the CI will move as I forecast too. Wish CI tomorrow able to move above 1787 then able to say CI is back to it up side trend.  Yesterday don't feel comfortable with CI why it move and close at that point , now had show what I m worry about. THEY try to give way to second and third liners? I suppose 20-EMA still supporting it.



Look from DJI weekly and daily chart can see that it move at a very nice trend daily chart channel move in the weekly chart tunnel , the cycle is about 2 months this show what ? shown that was planned ,when they press down the DJI then so easy for them to kick down the Asian market. Well look like DJI move as I forecast ,and follow the trend,this should be good for our market. We cannot adjust the wind, but we can adjust the sail, close the long and enter the short position. The next support level will be 14,300.



EUR/USD latest update : This is certainly an inverted head & shoulders' rally, still has another 6 weeks to go up. i have stop playing forex for quite some time. I think is good to review the past forecast.

My cycle analysis went wrong as lack of experience using this tool, luckily it is still up trending.

Found this Dow Jones Industrial Average ^DJIA chart with cycle analysis interesting to share with you guys here:

The more interesting thing is that, it moved at 45 degree grin emoticon Gann theory.


Just study CI found close off high and also it high was just at very short term MA of 5 and also near to auto resistance point of 1646, from TC study Friday also a short term TC high , if Monday CI not able to go north mean the TC which said days ago should be a low that should fall on 4 more trading day

March 2013 match with the possible General Election of Malaysia. So I guess the stock market should crash before March 2013.

If general election is to be held in June 2013, we should see an extension to 16,000 (expanding triangle) before the cycle ends ? if there's an extension, probably will go up until June 2013. Many economists predict another recession in June this year.

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From TC study CI had reach it TC of high, when correction 1640 should have support from Intraday study 1640 also a good support. Look at Ci feel some thing going to happen , if go below 1647 beware, when below 1647 may able to see 1640 to 1635 if go below 1635 the next strong support will be at 1622.
FKLI had work in advance press down to 1640 then up but if Ci go south will make fkli follow to south too the support will be at 1630 then about 1620.
If Ci strong go north next resistance will be at around 1665.

KLCI about 1620 support should be strong enough to hold cos of TC of low is at the corner.

Can you answer my question? Bullish or bearish now? Stock investment for dummies usually fail because they hard to determine trend. Know you trend and ride on uptrend before involve in market trading is a must.