Told you guys to long fkli dy,..

Today's newsletter:
From: godwin.chan@osk.com.my
To: godwin.chan@osk.com.my
Subject: Daily newsletter Aug 3 2009 - The return of the bear?
Date: Mon, 3 Aug 2009 10:32:18 +0800

Good morning,



It’s a new month and traders are wondering if the bull can sustain the huge rally. The answer is very possible, and most likely that DOW AND SPX will REACH NEW HIGHS base on the following reason:

For the first time, the WEEKLY SPX chart, the 10 sma cut above 50 sma. PLEASE be aware that this CROSS OVER means a huge deal especially for the bulls.



As for FBM KLCI, the probability of reaching 1200 is ever growing due to the fact that WEEKLY we are MAKING higher LOWS and HIGHER HIGHS! PLEASE NOTE THIS!



Recommendation:

Buy on dips, as long as 1150 holds.



S1 1150

S2 1130

S1 1100



R1 1182

R2: 1200

R3: 1220



As for now, the writing is on the wall for the bear. Maybe its time to call this bear rally as a fresh new bull market.

This would be explained tomorrow. As for now i am enjoying my tea and english muffins.

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Added on August 3, 2009, 11:49 pm
Due to the overwhelming requests for my newsletter and my assitance, i will try to remember who is who and sometimes forgot to add the new emails to the list.

Good morning, how are we all doing today?