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 Stock market V23, New PM in the house

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AdamG1981
post Apr 10 2009, 12:25 PM

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HELLO GUYS

AdamG1981
post Apr 10 2009, 12:31 PM

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Busy mahhhhh
AdamG1981
post Apr 10 2009, 01:31 PM

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Palm oil stocks dropped to 20 month low.


Added on April 10, 2009, 1:32 pmChina rallying, now up 2.1 %


Added on April 10, 2009, 1:36 pmNow SSEC up 2.71%


This post has been edited by AdamG1981: Apr 10 2009, 01:36 PM
AdamG1981
post Apr 10 2009, 02:05 PM

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Copper futures limit up in shanghai (5%)

AdamG1981
post Apr 10 2009, 02:34 PM

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Futures 940.0
last done,

AdamG1981
post Apr 10 2009, 02:42 PM

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Short squeeze

AdamG1981
post Apr 11 2009, 01:02 PM

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June CPO hit a high of 2305. And this will likely to continue. KLCI might hit 970 if plantation counters keep on rallying in anticipation of the meltdown of the usd and hyperinflation; and not to forget China has been importing copper at the record rate.


AdamG1981
post Apr 14 2009, 10:27 AM

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Be careful of the mass euphoria. Usually means its time to sell soon.

As far as i can see, dow futures have not break 8000 effectively and convincingly even with all the good news in the financial sector. Expectations are priced in as for now. Might be a small/medium retracement coming soon if you look at the daily dow and weekly shanghai chart.



This post has been edited by AdamG1981: Apr 14 2009, 10:29 AM
AdamG1981
post Apr 14 2009, 10:31 AM

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Its what i observe so far, might want to be a little more cautious. If you guys bought when KLCI was below 900, then you have more incentive to hold. However, if purely for contra, might want to consider taking profit as Dow futures having trouble crossing the 8000 mark.

AdamG1981
post Apr 14 2009, 10:33 AM

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Please look at the longer timeframe if you want to swing trade. Right now dow futures is -52 and HSI is weakening slightly.

AdamG1981
post Apr 14 2009, 10:39 AM

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Dow futures -73, time to tp for contra players

AdamG1981
post Apr 14 2009, 10:46 AM

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TP = take profit

SL = Stop loss

MOO = Market on open (or matching price [mp])


AdamG1981
post Apr 14 2009, 10:52 AM

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Shanghai dips into red

AdamG1981
post Apr 14 2009, 10:53 AM

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QUOTE(kmarc @ Apr 13 2009, 07:50 PM)
Aiyoyoooooo..... market up again! Really happy but really sad too....  rclxub.gif

What's causing this rally? Better results from the US? Could it be because of Wells Fargo and Goldmann Sacs good results?

Can't decide whether to ride this baby bull or unload soon......  sweat.gif
*
IT can't be a bull because DOW futures is having a tough time breaking the psychological 8000 mark with all the good news out? Expectations are priced in. With such a bullish sentiment all around, maybe its best to follow the contarian indicator and unload while waiting for the retracement to come.

AdamG1981
post Apr 14 2009, 10:58 AM

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QUOTE(kmarc @ Apr 13 2009, 07:55 PM)
I think our market might rally further if the next few results are also good. Traders are waiting for the next few results e.g. GE, Intel, etc.....

However, not too sure what will happen when our local companies release their quarterly results... will investor look past the bad results or exit the market.......... haizzz.... difficult difficult....

Anyway, I am considering to ride this baby bull until some bad news comes out, then only exit my positions.....

What are you guys going to do?


Added on April 14, 2009, 10:57 am

Yeah, I don't think it is the bull but probably a bear rally, although quite a surprising long one. Hence the dilemma of whether to take profit or ride it a bit longer.....
*
Uusually at the end of a mini trend, there will be a sudden spike up (bull) or spike down (bear) caused by excessive greed (bull) or excessive (fear). In this case, the futures saw a spike up to 953, and i think due to short covering. However, i dont think anyone is looking to long at these prices right now (for CI stocks)

AdamG1981
post Apr 14 2009, 11:01 AM

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Yeap, fundamentals don't change overnight. The shorts around the world were badly squeezed but doesn't mean KLCI is coming around.


AdamG1981
post Apr 14 2009, 11:07 AM

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The commodities rally might take a breather, so my suggestion is to tp plantation stocks first.
AdamG1981
post Apr 14 2009, 11:18 AM

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Futures drifting down. Maybe time to tp.
AdamG1981
post Apr 14 2009, 11:25 AM

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QUOTE(Neo18 @ Apr 13 2009, 08:19 PM)
Queing to sell SIME and ASIATIC now
*
Good choice, dalian palm futures and local CPO drifting downwards on profit taking

AdamG1981
post Apr 14 2009, 11:32 AM

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www.cnbc.com, click on premarkets.


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