Let's talk about the current market...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031229  2.242   2.301   2.229   2.287       9,097   Bullish
20031230  2.302   2.329   2.263   2.290      10,345   Bullish
20031231  2.281   2.313   2.253   2.289      11,755   Consolidate->Bearish
20040102  2.254   2.277   2.226   2.253       9,539   Bearish
20040105  2.276   2.305   2.255   2.288       7,049   Bullish
20040106  2.277   2.302   2.243   2.268       9,422   Consolidate->Bearish


Hmmm.... Market still unrest... direction unknown...

Me? I still have open positions with untouched raised stoplosses, so still biting finger and watch as calm as I possibly can...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031231  2.281   2.313   2.253   2.289      11,755   Consolidate->Bearish
20040102  2.254   2.277   2.226   2.253       9,539   Bearish
20040105  2.276   2.305   2.255   2.288       7,049   Bullish
20040106  2.277   2.302   2.243   2.268       9,422   Consolidate->Bearish
20040107  2.297   2.348   2.280   2.335      10,831   Bullish


Hmmmm.... Still hold any position? Raise the Stoploss to a more comfortable level to lock your profit if it moved up yesterday. When the market move in a range like this, you advance your Stoploss quick, and watch it closely. It can turn ugly very fast...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040102  2.254   2.277   2.226   2.253       9,539   Bearish
20040105  2.276   2.305   2.255   2.288       7,049   Bullish
20040106  2.277   2.302   2.243   2.268       9,422   Consolidate->Bearish
20040107  2.297   2.348   2.280   2.335      10,831   Bullish
20040108  2.329   2.379   2.300   2.350      17,154   Bullish


You get fibonacci numbers series by adding a number to the previous number in the series. You start with 1, then 1+1=2, then 2+1=3, then 3+2=5, then 5+3=8, then 8+5=13 and so on...

Well, as a short-term swinger, I always pay the 2, 3, 5, and 8 in Fibonacci series a bit more attention. When the market went up for 3 days, it will go down for 2 days or five days. When it went down for 5 days, it will go up for 3 or 8 days...

Of cause, it happend in that way, unless when it doesn't...

If today is going to be bullish, it is a 3rd day up. I won't start a new Buy, unless 4th day is bullish too.... Well, that's just me...

ni counter apa ni nora...any comment on telekom tak? kenapa dah 2 ari naik byk plak tu?? any idea?

Originally posted by ctfiza at 9-1-2004 09:19 AM:
ni counter apa ni nora...any comment on telekom tak? kenapa dah 2 ari naik byk plak tu?? any idea?

Not only Telekom, but the whole market lerr... Possibly due to the appointment of Tan Sri Nor Mohammed Yaakob sebagai Finance Minister II... but who knows....

Cheers!

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040105  2.276   2.305   2.255   2.288       7,049   Bullish
20040106  2.277   2.302   2.243   2.268       9,422   Consolidate->Bearish
20040107  2.297   2.348   2.280   2.335      10,831   Bullish
20040108  2.329   2.379   2.300   2.350      17,154   Bullish
20040109  2.375   2.412   2.331   2.377      17,682   Bullish


Smooth sailing in the last day of the week... But a swinger gotta do what a swinger gotta do, and a swinger gotta do swingly thing swinger usually do...

Err... I mean, raise your stoplosses if your counter went up, and watch them closely....

Originally posted by Nora_Ismail at 9-1-2004 11:27:
Not only Telekom, but the whole market lerr... Possibly due to the appointment of Tan Sri Nor Mohammed Yaakob sebagai Finance Minister II... but who knows....

Cheers!

mm betulla rasanya thanks

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040106  2.277   2.302   2.243   2.268       9,422   Consolidate->Bearish
20040107  2.297   2.348   2.280   2.335      10,831   Bullish
20040108  2.329   2.379   2.300   2.350      17,154   Bullish
20040109  2.375   2.412   2.331   2.377      17,682   Bullish
20040112  2.378   2.415   2.343   2.378      11,963   Bullish


Although seems to be a lot of profit taking, the market is marginally bullish and well supported. The million RM question is whether or not the market can sustain another beaten day like that. If it can, we can be glad that the bullish direction will resume nicely... well, unless it doesn't...

May the stoploss be with you all, always!

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040107  2.297   2.348   2.280   2.335      10,831   Bullish
20040108  2.329   2.379   2.300   2.350      17,154   Bullish
20040109  2.375   2.412   2.331   2.377      17,682   Bullish
20040112  2.378   2.415   2.343   2.378      11,963   Bullish
20040113  2.383   2.405   2.338   2.368      10,137   Sideway


Market seems to get weaker with shrunked volume. That is good, for the time being. If the supplies of sellers choked, the market may rebounced. If abundant fresh supplies of paniced sellers jump in the market, you may want to jump before them...

What's the sign? xxxx xxxx xxxxx xxx


******************

Getting ahead of myself.... again...

I anticipate a zig-zag market before it show its true direction later today or tomorrow....

[ Last edited by Nora_Ismail on 14-1-2004 at 08:32 AM ]

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040108  2.329   2.379   2.300   2.350      17,154   Bullish
20040109  2.375   2.412   2.331   2.377      17,682   Bullish
20040112  2.378   2.415   2.343   2.378      11,963   Bullish
20040113  2.383   2.405   2.338   2.368      10,137   Sideway
20040114  2.365   2.392   2.324   2.352      10,892   Bearish


Doesn't look good towards the closing bell, isn't? Well, most counters were on the decline and if your stoploss touched, you should be out of the market already. If not touched, you may want to consider to raise the stoploss level to the last rebounce on the 5 or 10-minute chart...

If you already out of the market, you may want to initiate a new reaserch of the counters for the next move...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040109  2.375   2.412   2.331   2.377      17,682   Bullish
20040112  2.378   2.415   2.343   2.378      11,963   Bullish
20040113  2.383   2.405   2.338   2.368      10,137   Sideway
20040114  2.365   2.392   2.324   2.352      10,892   Bearish
20040115  2.350   2.365   2.297   2.332       8,589   Bearish


I guess the bear is losing its strength, for a moment. Next couple of days is crucial, as increasing volume on its way down will mean fear turned into panic already...

....but today is FRIDAY!

Forgetaboutit......   :2cool:

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040112  2.378   2.415   2.343   2.378      11,963   Bullish
20040113  2.383   2.405   2.338   2.368      10,137   Sideway
20040114  2.365   2.392   2.324   2.352      10,892   Bearish
20040115  2.350   2.365   2.297   2.332       8,589   Bearish
20040116  2.324   2.352   2.295   2.334       8,056   Sideway

Looks like the bear was choked out of air. So, a good and thorough research during the weekend will be good for the pocket. A breakout with sustainable volume by 4pm Monday, coupled with an uptrending market will be a good sign for entrance. Otherwise, stay on the sideline. You won抰 lose anything.....

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040113  2.383   2.405   2.338   2.368      10,137   Sideway
20040114  2.365   2.392   2.324   2.352      10,892   Bearish
20040115  2.350   2.365   2.297   2.332       8,589   Bearish
20040116  2.324   2.352   2.295   2.334       8,056   Sideway
20040119  2.325   2.361   2.307   2.336       8,747   Bullish->Sideway


Will the market get there or not? Err... with long holiday just around the corner, and a lot of market players cashing out for the festive, who am I kidding....  ???

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040114  2.365   2.392   2.324   2.352      10,892   Bearish
20040115  2.350   2.365   2.297   2.332       8,589   Bearish
20040116  2.324   2.352   2.295   2.334       8,056   Sideway
20040119  2.325   2.361   2.307   2.336       8,747   Bullish->Sideway
20040120  2.327   2.365   2.311   2.350       8,619   Sideway


Hmmm.... Generally, the market was flat although CI shows a steady increase. So make your decision wisely. Long holiday ahead, and US Federal Reserve is going to have a meeting on 27/28 Jan.... I bet the pros are all going to sit on their hands. So will I...   

Market have a break at a crucial time. How will it open next monday is very crucial indeed! If it cant make a new high , say in the next 5 or 7 trading days I will be looking at a new wave of selling. I spot 810 to be a crucial support ; be ready to short the futures below that level! If the index break that high of 830 by 10 or 15 points everything gon na be fine.... where it can go from there is everybody guess... I mean the up trend is intact but it could correct it self or extend further depend on the volume traded.

I will not be looking too closely at the index at this junction though(except for Futures trades),  as long as the index is supported there always some counters worth looking at for a swing  or even  day trading.

My trading strategy next week is to focus on active stock that are still trading up such as Yspsah, opcom,some call warrants  and throw out of my window stocks that are now consolidating.

[ Last edited by kuti on 21-1-2004 at 11:38 PM ]

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040115  2.350   2.365   2.297   2.332       8,589   Bearish
20040116  2.324   2.352   2.295   2.334       8,056   Sideway
20040119  2.325   2.361   2.307   2.336       8,747   Bullish->Sideway
20040120  2.327   2.365   2.311   2.350       8,619   Sideway
20040126  2.340   2.370   2.309   2.336       8,531   Sideway->Bearish


KLSE still seems unable to clearly show where its direction will be. As there is lesser participant in the market, one would want to sit tight, until the market wake up.

Those who want to take risk may decide to enter in anticipation of null change in US Federal Reserve decision, pressured by the upcoming US general election. But US economy is like a car with a broken piston. If you don't fix it now, you will have pay more to get it fix later...

[ Last edited by Nora_Ismail on 26-1-2004 at 10:27 PM ]

Rally sends Dow to 2-1/2 year high

Blue chips boost the broader market as investors jump back in after last week's declines.
January 26, 2004: 6:12 PM EST
By Alexandra Twin, CNN/Money staff writer



NEW YORK (CNN/Money) - A late buying spree propelled the Dow industrials to their highest close in more than 2-1/2 year Monday as investors expressed optimism about the slew of quarterly earnings due out this week.

The Nasdaq composite also pushed to its best finish in 2-1/2 years, while the S&P 500 hit its highest close in 22 months. Treasury bond prices fell, along with the battered dollar. Gold and oil also declined.

The 30-share Dow Jones industrial average (up 134.22 to 10702.51, Charts), the world's most widely watched stock market gauge, jumped 1.27 percent to end at its highest level since June 2001.

The Nasdaq composite (up 29.96 to 2153.83, Charts) added 1.4 percent to its highest since June 2001 while the Standard & Poor's 500 (up 13.82 to 1155.37, Charts) index gained 1.2 percent, ending at its highest level since March 2002.

"I'd say we're doing very well, all things considered," said Joseph Battipaglia, chief stock strategist at Ryan, Beck & Co. "Clearly, there is more money available out there, when even sectors that are fairly stretched, like tech and banks, are doing well today."

After the close, Texas Instruments (TXN: Research, Estimates) reported earnings of 20 cents a share excluding one-time items, a penny more than expected, on strong sales of wireless phones and electronics.

Dow component McDonald's (MCD: Research, Estimates) reported earnings of 35 cents per share, also excluding items, in line with forecasts and up from 25 cents a year earlier.

Tuesday morning brings earnings reports from Caterpillar (CAT: Research, Estimates), DuPont (DD: Research, Estimates), Lockheed Martin (LMT: Research, Estimates), Merck (MRK: Research, Estimates) and SBC Communications (SBC: Research, Estimates) before the start of trade.

For an in-depth look at the week's major earnings, click here. For a wrap up of all the latest reports, click here.
Apart from earnings news, investors will be watching the Federal Reserve's first policy-makers' meeting of the year Tuesday and Wednesday, although the central bank is not expected to change its target for a key short-term rate or its outlook on the economy.

"No one expects the Fed to raise rates, but people are interested to see what they say about the economy, particularly about employment," said Peter Cardillo, director of research at Global Partners Securities.

January consumer confidence numbers are also due Tuesday, shortly after trading begins. The reading from the Conference Board probably rose to 98.5 from 91.3 in December, according to analysts polled by Briefing.com.
About 30 percent of the S&P 500 companies are set to report their quarterly results this week. Results so far have been mostly upbeat, but stocks had shown little reaction to the good news, with many on Wall Street believing much of it was already reflected in stock prices.

But after last week's selloff, investors opted to jump back in Monday, a trend that picked up steam as the session wore on.

An upbeat report and forecast from Lexmark International (LXK: up $5.66 to $84.50, Research, Estimates) boosted that stock 7.2 percent and also gave a lift to rival Hewlett-Packard (HPQ: up $0.82 to $26.12, Research, Estimates), which gained 3.2 percent. Lexmark attributed its earnings growth to higher printer sales. Fellow Dow tech stock IBM (IBM: up $1.95 to $99.85, Research, Estimates) climbed 2 percent.

Overall, 29 out of 30 Dow components rose.

"I don't think there's a huge upside in the major indexes after the run we've seen," Battipaglia added. "But there are still good opportunities out there and through the first quarter, it just won't be quite as easy as a year ago."

Drugs and profits

Merck (MRK: up $1.42 to $47.20, Research, Estimates) rallied 3.1 percent after a bullish Barron's article that said Merck's stock could be a good buying opportunity.

Merck was not the only stock in the drug and biotech world attracting attention Monday. Schering-Plough (SGP: Research, Estimates) reported a smaller-than-expected profit after charges and said profits will fall this year. The stock fell in pre-market trading but later recovered to turn higher.

French drugmaker Sanofi-Synthelabo SA launched a $61 billion hostile bid for larger rival Aventis SA in a move to create the world's third largest pharmaceutical company. Aventis rejected the offer.

American Express (AXP: up $0.99 to $50.95, Research, Estimates) released earnings in the early afternoon Monday of 60 cents a share, a penny more than expected and up from 52 cents a year earlier. Shares rose 2 percent.

Telecom networking shares rallied after a positive Barron's article on Lucent Technologies (LU: up $0.34 to $4.45, Research, Estimates), which said the company's shares could benefit from recent improved earnings.

The stock rallied more than 7 percent and topped the NYSE's most-active list. JDS Uniphase (JDSU: up $0.39 to $5.22, Research, Estimates) gained 7.5 percent and topped the Nasdaq most-actives.

A report showing that existing home sales jumped almost 7 percent in December caused little stir in the stock market.
Market breadth was positive. On the New York Stock Exchange, winners beat losers 6-5 as 1.43 billion shares changed hands. On the Nasdaq, advancers beat decliners by a 5-3 margin with 1.91 billion shares traded.

Treasury prices dipped. The 10-year note lost 11/32 of a point in price, its yield rising to 4.13 percent from 4.07 percent late Friday. Bond prices and yields move in opposite directions.

The dollar fell against the euro and the yen.

NYMEX light sweet crude oil futures fell 47 cents to settle at $34.47 a barrel. COMEX gold fell $1.30 to settle at $406.70 an ounce.

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040116  2.324   2.352   2.295   2.334       8,056   Sideway
20040119  2.325   2.361   2.307   2.336       8,747   Bullish->Sideway
20040120  2.327   2.365   2.311   2.350       8,619   Sideway
20040126  2.340   2.370   2.309   2.336       8,531   Sideway->Bearish
20040127  2.380   2.394   2.332   2.360       7,750   Bullish->Sideway


This ship is still floating without wind....
Where will it go?
Where will it go?
North or South... I don't care
As I just wanna sleep like a teddy bear...

BTW, bullish sentiment is there. So complete your research on potential counters. Once the green-light is ON, you may want to get ready to go...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040119  2.325   2.361   2.307   2.336       8,747   Bullish->Sideway
20040120  2.327   2.365   2.311   2.350       8,619   Sideway
20040126  2.340   2.370   2.309   2.336       8,531   Sideway->Bearish
20040127  2.380   2.394   2.332   2.360       7,750   Bullish->Sideway
20040128  2.341   2.361   2.309   2.341       7,633   Sideway->Bearish


Whatever factor that suppress down the mood of the market is still there. It can be Greenspan, it can be the chicken flu, it can be anything. It is like pressing down a spring. When that factor subside, the spring will sproinggg.... So, don't stop identifying potentials counters yet, unless the market continue further down.

In the mean time, just like what Libran said, sit tight, have fun and talk male-chicken....

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040120  2.327   2.365   2.311   2.350       8,619   Sideway
20040126  2.340   2.370   2.309   2.336       8,531   Sideway->Bearish
20040127  2.380   2.394   2.332   2.360       7,750   Bullish->Sideway
20040128  2.341   2.361   2.309   2.341       7,633   Sideway->Bearish
20040129  2.309   2.335   2.281   2.314       6,605   Bearish


The bear starts to show its ugly face. Big, ugly, but not quite green...  :p

In the next couple of trading days, watch for the direction of increasing volumes. If increasing volumes is going North, we'll meet Santa. If South, we'll meet Mr. Penguin...

Hey!!, today is Friday, and Monday is a holiday!! Forgetaboutit....  :snore: