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How pyschological is this 1,000 mark?

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Forum: My Say

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 Forum...My Say

Feedback/Reply from/to Fellow Economists, Professionals, Friends  
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Subject:   The Edge My Say Fan Club  
From:  
Mohd Azzahari Othman 
to me
 More options   29/12/06 (3 days ago)
Assalamualaikum,
 
This is Mohd Azzahari Othman! I am your My Say fan and have been following your articles since 1999!  I am the one who called you this morning, 11.00 a.m!   My contact is 012-3112604!
 
I am a financial planner, my business is basically advising client on their financial planning needs, thing such as risk planning, investment planning, taxation, education fund, retirement planning as well as estate planning!
 
BUT my interest is in INVESTMENT! I am accountant by profession, BUT it does not really suits me well! I like investment very much! Get burn as well due to lack of knowledge! My first investment book is MAXIMISING STOCK MARKET by Fred Tam! I got it in 2001, a bit late, after the tech bubble 2000! So, miss one opportunity! I am very much into technical analysis! Especially japanese candlestick ! I wish I could master that! Fundamental is a bit boring! I have been reading books and magazines on investment, technical as well as fundamental! Maybe 2007 can be a good luck year for me!  
 
I am unit trust consultant with Public Mutual!  The technical analysis is quite useful since I would be able to gauge the direction of the market, so I can give a good asset allocation to my clients!  During uptrend, I will recommend equity fund, during correction, I will switch to BOND fund, switch back to equity if it goes back to uptrend! If I can master the chart reading, based on my research and testing, I would be able to give an annual average of 17% per annum for the past 10 years! Of course I am still learning! This is my second year! Hopefully, you can be my mentor, so I can learn few tips as well!
 
That's all for introduction!
 
Maybe we can meet up over lunch and sembang2 about this!
 
Wassalam
 
AZZAHARI
 

Global Malaysians Forum : Business and Professional Networking
Topic: Forecasting Economic /Stock Market Trends
Posted: 29 December 2006 at 7:53pm   | From:  Nikzafri

Yeah 'lah' briggite..Bro. Ariffin reminds me of a Malay saying :  "Resmi padi, makin berisi, makin tunduk". Simply interpreted (not translated) : The more knowledge and ability you have, the more humble you become.

I like to vote bro. ariffin for the following category : "The most genius and most modest economical chartist for 2005-2006"

HAIL ARIFFIN!!

Happy New Year 2007 and Happy Investing - good & prosperous!!

 

Global Malaysians Forum : Business and Professional Networking
Topic: Forecasting Economic /Stock Market Trends
Posted: 29 December 2006 at 3:58pm   | From:  Nikzafri

Bro Ariffin, why should you be apologising? When I said that 'it takes two to tango' and 'you're givin me too much credit', it means that I'm complimenting you. To tell you the truth, I have a great respect towards you and your views in this thread, the Edge, your portal etc. You could say that I am your ardent fan as well. Let's say, I am honoured to know you...after all you're my 'senior'!
 

Global Malaysians Forum : Business and Professional Networking
Topic: Forecasting Economic /Stock Market Trends
Posted: 28 December 2006 at 1:20pm  | From:  smloo

Hi Arifin,

I, for one, finds the discussions in this forum very interesting. There is definitely a lack of active participants in this forum, probably because not many investors know about this site.

I got to know this forum through your column "My Say" in the Edge some time ago. I am an ardent fan of your column every time you write. I am eagerly waiting for your next contribution. Just thought I tell you this.

Yes, Fred Tam is probably right in saying that we are in a bull run. When was the last time after so many years have we seen the KLCI hit 1100 points. Chartists like SN Lock is also bullish. It would be interesting how long this market can maintain its run. Till then, it does looks like the market is going to close 2006 with a bang.

By the way, when is your next article in the Edge?

Cheers.

 

Global Malaysians Forum : Business and Professional Networking
Topic: Forecasting Economic /Stock Market Trends
Posted: 28 December 2006 at 12:09pm  | From:  Nikzafri

Well said bro ariffin but I think you're givin me too much credit on the 'vital part' that I've played when it takes two to tango. We also have strong people like almerica (eric), ahvincent, dublinohio, bzbug etc. Even Brigitte has decided to join in. Memory serves - somewhere herein this thread we've spoken about the same issue of participation....well, am not goin to talk so much about it as I have spoken what need to be spoken. 

Anyway, johndoe05 (what do we call you anyway?) - with you around adding up to the team, your active contributions and participation would be anticipated. And I would like again to thank you for coming in.

About the current stock market condition, if you read carefully in the next pages, there have been some series of discussion I had with bro. Ariffin.

But since some 'force-majeur' elements are starting to take place in Asia and all over the world, I think we would be experiencing some 'tremor' in the stock market as well...I hope we have 'tremor proof'
 

Global Malaysians Forum : Business and Professional Networking
Topic: Forecasting Economic /Stock Market Trends
Posted: 28 December 2006 at 12:28am | IP Logged

Dear Johndoe,

I quite agree with you that there are not too many active forumers posting their thoughts in this thread which I started some time back. However its among the most active thread in GMN, albeit 5/6 of us being the ones giving viewpoints constantly. I wish to thank Nik for that for he played a vital part.

The problem is we Malaysians tend to be reserved in having open discussions.... you can even see that attitude in many intellectual forums held here or internationally. I for one would like to differ - colleagues sometimes branded me as outspoken! Well if you don't understand on certain issues why keep quiet?

As for the KLCI's trend I'm convinced that its pretty rosy for now (Fred Tam even called it a 'bull run' already!). I have stated before (see comments below) and have forecasted quite accurately the timing of the 1,000 mark which I have penned down in The EDGE's My Say column in the Nov 18 issue.

Don't fret, we're in an interesting phase of a gradual but sure uptrend! Only thing its nice if more people out there join in the debate.

Thanks again Johndoe.
 

Global Malaysians Forum : Business and Professional Networking
Topic: Forecasting Economic /Stock Market Trends
Posted: 27 November 2006 at 2:35pm  | From:  smloo

Hi Bro Arifin,

KLSE is now trading at the 1070 level. It looks like we are in a super bull run. Everyday, we think the market is going to drop but it keep on defying gravity. Who would have expected this fantastic run one month ago.

What are your reading of the market direction?

=======

Posted: 28 November 2006 at 3:07pm | IP Logged

Hi smloo.....

Here's my quick response to your enquiry:

http://www.globalmalaysians.com/forum/forum_posts.asp?TID=1109&PN=1&TPN=1

Au revoir...

__________________
ARIFIN ABDUL LATIF
Deputy Director (Crops Seed Quality Control), DOA |
Senior Consultant, ArifinLatif Consulting.
Freelance Consultant on Forecasting Econs/Stock Market Trends; ICT; PVP 0166094170

Global Malaysians Forum : Business and Professional Networking
Topic: Forecasting Economic /Stock Market Trends
Posted: 16 November 2006 at 5:11pm | From:  smloo

Hi Bro Arifin,

We seem to be in a real bull run. The volume over the 1 billion mark and index is up nearly another 10 points to 1037 points.

What do you think of the market direction? Not many would have thought the market could sustain after it breached the 1000 points but now it is going higher and higher. My remisiers are getting more bullish by the day. When more people get more bullish, I think the market would correct.

What's your comments? We would really appreciate your expert views.
 

Global Malaysians Forum : Business and Professional Networking
Topic: Forecasting Economic /Stock Market Trends
Posted: 15 November 2006 at 2:36pm |
From:  Nikzafri

Brother Ariffin, that's a good comment (the edge)! My eyes quickly spotted these strong words/phrases in two paragraphs as well :

The fundamentals are out there for all to see — there is no doubt about that. Things are getting much better in the economy, with the government proposing more mega projects under the Ninth Malaysia Plan. Still, there is a limit to what the government can (and should) do. It is now more a question of whether the private sector can (and is willing to) come up with the funding, either via private finance initiatives (PFIs) or any other feasible means.

I think the private sector will be able to fulfil "its end of the deal", which explains the rosy picture for business in the Malaysian economy. How the equities market responds is another ball game. Bear in mind that when the KLCI breached the 1,000 psychological barrier on Nov 3, it was doing so after several failed attempts over the years. In technical terms, the KLCI has emerged strongly. This bodes well for the market as a whole, not just the blue chips.

Which you know that I can almost agree 101%....

Yes, it's still doing fine (psychologically) but may still be interconnected 'asymmetrically' to the General Assembly.

Separately today, in the 'Construction Quality Management' thread, I've given some views on PFI.

Ok..I'm being 'skeptical'...but as I said, I wanna see what happens this Saturday/Sunday and I'll tell you my views next week (including the probable/factual or fictional 'connections' to oil price, spillover of bourses strong performance etc)

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