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AllWin's KLSE Prediction

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16-09-1999

CI today touched 702 before closing at 711...a very bad sign...volume 160,000 lots indicates some panic selling...so better sideline for weeks...can accumulate stocks when total volumes traded below 100,000 lots and CI close below 700. CI support line 720 already broke and may further decline to 680!!

08-09-1999

Total volume slightly increased to 140,000 lots...CI closed at 755...still not strong enough to push to target 788.. My view is market will stand between 725-765 for some time... maybe for months if volume still 125,000--200,000 lots.

07-09-1999

Total volume traded 135,000 lots indicates lack of buying interest of local/foreign funds manager...downtrend may last for another week to boost again...CI will maintain at 720- 765...Must break CI 788 for major uptrend ...the target of CI 1000 still valid until and of 1999 as long as daily total volume traded maintain at above 300,000 lots !! Need foreign funds to push the market...so the government must do something about it??!!
Long Term: eyes on those 2nd board counters that could give bonus issue...coz min paid up for them in future is 40 millions. So do some homework....check their Reserves Funds and Total Accumulate Profits in their Annual Reports.
Short Term: Wait and see. Buy Maybank,Sime Darby,IOI Prop,Sunrise.
FORGET about when will GE come!!Nothing new in the market now!
NOTES Sometimes I may give views in my KLSE egroup..if u like to read...just my l cents view

02-09-1999

Volume still above 300,000 lots but CI declined -15 points...lousy...AVOID buying any stocks!! Market I predict will (maybe) down around CI 720..and next week..huh! maybe another -20 points??!!...believe it or not?? so be cautious!
Outlook : MPHB Profit increased to RM107 million compare to last year only 1.9 million...so a good future.
Bandar Raya .....PAT is 91 million compared to last year only 11million....a good buy for long term. What you all think??

01-09-1999

Today ci closed at 752.91(-14.15) 339,938 lots done 566 counters down
A bad sign...indicates market turn downtrend...coz volumes increased when CI down !! Try avoid 2-3rd liners counters !! Patient and don't simply buy.

SHORT TERM: Wait and see. Can try MPHB...coz results turns huge profits.

On 01-09-1998, KLSE CI closed at 262.70,Korea at 309.7, Singapore at 823.33 and Dow at 7827.43.
On 30-08-1999, KLSE CI closed at 767.06, Korea at 942.57, Singapore at 2151.38 adn Dow at 10914.13.

Korea +205% Malaysia +191.99% Straits +161.30%

USA +39.43%

So, KLSE CI increased nearly 200% indicates capital controls effects may be good. But in terms of foreign investments,I think still need some time to regain confidence of the foreign investors.Anyway, i think KLSE CI will remain above 650 till end of year 1999 and strong support at CI 720.

27-08-1999

Today CI closed slightly lower than support line 765...so still stabil for awhile. Volume on the other hand very low...260,000 lots done. The market would remain in a range for this week as a lack of certainty after Sept'99. Any price rise for the coming week would attract profit taking for sure...so be cautious when buy any stocks!!
TIPS: Buy more on property stocks..coz property market start to pick up.

25-08-1999

CI hardly touch 788 within this week. Can accumulate blue chips stocks. "Smart money" are quietly accumulate at low prices while "Retailers" are generally 'wait-and-see' Short term resistence is CI 780. If CI break out of +/- 788,then the BULL trend may be established. Huge foreign funds may come in after Sept'99. This week is uncertain to maintain uptrend! TIPS: cautious buy on selective blue chip stocks. Remember : Market is NO MERCY !!!

24-08-1999

Today volume 600,000 lots...a very good sign. CI may reach 788 this week. However,market still uncertain. A good support around 765 but i doubt Ci will touch above 790 this week. Contra play is not encourage.
TIPS : Buy B-Group,Insas-W,Intria-W,SPK,Nam Fatt Short Terms: eyes on timber-based stocks. Long Terms: wait after Sept'99 to accumulate.

23-08-1999

CI will still remain at 750-775 in this week. sideway trend. RSI at around 50 remains neutral...so good buy. However, market uncertain before Sept'99 expects huge foreign funds exits. NO CONTRA PLAY for this week. Cautious and buy selective stocks only.
TIPS: BUY B-Group, FACB, Insas-W, Minho-W, Setron. Short Terms : buy timber-based stocks Long Terms : Uptrend is intact...may reach CI 950 end of year.

20-08-1999

Can start accumulate stocks. CI will maintain at 750-768 in coming weeks.NO Contra play. Low interest rate support the market. Ideal buy when total volume below 200,000lots.
TIPS : Buy B-Group, SPK, Insas-W

19-08-1999

Tomorrow market will down again. No fresh news to push the market. CI 745-760. sideway is good. Buy after September is wise. Volume may maintain at around 250-300,000 lots.

17-08-1999

CI 751.47(-14.94) 211461 lots. U85/L581/U82
Volume keep on reducing. Not a good sign to buy. Market change trend.Buy below CI 740. No fresh news to push market. Time to accumulate good fundamental stocks. May decline further. Be cautious!!! Never buy when in doubts.
Short Term: sideline

16-08-1999

CI closed 766.41(-6.47) 374021lots G45/L112/U33 Volume reduced indicate uncertainty of market.May decline tommorow. opportunity to buy good quality stocks. Lowwr interest rate support the market.MSCI issue is over. Long term: Accumulate good fundamental stocks

09-08-1999 till 13-08-1999
Sorry....I'm on holidays......hehe :)..Happy trading

06-08-1999

CI 703.09(-2.89) 327844 lots done G308/L323/U157

Total volume reduced. Lost confidence among investors.

May further decline. Barton's charts predict decline to CI 630

Try to buy after September 1999.

CI 650 remain strong support.

05-08-1999

Market will remain bearish for another week.May further decline.

Bad news and rumours kill the market.

A good support at CI 650. Total volumes is important to support the market.No Contra play this week is encourage.

Short Term:Cut Loss

Long Term:Accumulate below CI 650

04-08-1999

Today CI drop :719.52(-28.82) nearly 30 points. CI may correct further and possible close below 700 on Friday (6/8/99).No reason to panic. Do some cut loss and wait another golden opportunity to come....maybe CI 650.

Short Term: sideline

Long Term: Uptrend is intact with high volumes