Momentum indicators are starting to turn from weak bullish to weak bearish.
Market top has been established at 1788. The possibility of downside is higher than upside.
Chances of falling towards 200-day MVA at 1670 is high.
http://www.theedgemalaysia.com/business-ne...g-stronger.html

For me, always look at fundamental and valuation when having doubts and concerns. 

So when the big drop happens in two months time, that fong sway chart is accurate?

for June the fong sway chart says go UP.

Conclusion?

Depend more on fong sway chart. Soon it will be accurate one. 

Strange.

This is like saying it doesn't matter when the Fong Sway chart is wrong.
It only matters when it is correct.

Dude... check this out.

KLCI closing at month end.
Feb: 1,637.63
March: 1,671.63
Apr: 1,717.65
May: 1,769.22

Check...

Feb closed at 1,637.63. March closed at 1,671.63. KLCI is up 34 pts.
Fong Sway chart says big rise in March. Correct.



How did Fong Sway chart draw the 34 points?

Big up.

KLCI closed May at 1,769.22. We are now at 1734.67. We are down 34.5 pts on the index for the month.

Question: I understand that 3% can and should be considered a mere correction BUT how are you going to compare this 34 points down with the 34 points up on Feb 2013?
Anyway like I say "This is like saying it doesn't matter when the Fong Sway chart is wrong. It only matters when it is correct."

Still cannot. 

Look at month of April.
End March 1,671.63. April closed at 1,717.65.

Aiyoyo. KLCI up 46 pts for April.
Which is more than March.

How did Pong Sway chart draw April?

I still object.......................... *larik*

I object..... to this question.


Waa... market now hot a bit.... got tipsy ah?

I hold tight tight for 2 years already. Sell now? Party has just began. 

I object.

Why you give up on Pong Sway chart so easily?

I tell you la, when the time it comes correct, many will go hoo ha over it.
When it is wrong, nobody saw and say nothing.  

Coastal?
Why Coastal have so much money?
Why Coastal share no oomph past few years?
Why Coastal profits no oomph past few years?

Two charts for you.



Yes, the past might no matter.

1.99?

Did you notice that was a chart from 2011 to present?
Did you realise that KLCI had been hitting highs during this period?

Good effort but I object.

Cos I won't stretch it that far back. The data, has to be more relevant.
Hehe.. for this point, you have the right to object to my objections.



You look again at the very first Coastal chart I posted.
What would be an interesting thing to note?


Those are random charts.
In case you do not know, I am a trader.

Gadang and Salcon, you can actually see some sort of similarities with Coastal.
The reason to buy is the said 'potential'...
Gadang got it's new mega housing project.
Salcon diversifying big time into properties with the son of a property master.
Coastal diversifying into the rig business.
And if you take out the 'potential' there's nothing much to shout about.

So yes, Gadang and Salcon's annual report is not something you want to read. 

Ok... no more P & S for now.

Here's another thing.

As you can see in your chart, Coastal shares did extremely well up to 2011.
It was terror geng.
It became an investor darling of a stock.
Here's the thing. If one bought say after 2011 ( because Coastal was an investing hot stock) and held the stock until today, they would find their investment rather fruitless, and as you have now noted, Coastal profits since 2011 have been pretty poor.

Whet the ....

I object la .....

This means you are saying Pong Sway can be wrong for April, May, June and maybe July but most important is August ah? LOL!

Like I said.... Pong Sway is only terror geng when it is correct.
When it is wrong, nobody see nothing and nobody say nothing.

I object to your objection to other's objecting you to object without objecting your objection. 
   

I object... I utterly cannot tahan that song 'I will follow you...... '



Stock market follow here, follow there... you always be one or two steps behind liao.
How to win in the long run?