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Entries from January 22nd, 2020

OPR 2.75%

January 22nd, 2020 No Comments

1 day after I posted bearish outlook for REIT, the central bank slashed rate by 25 basis points. This will temporarily boost up Reits/ Propert counters while banking/ finance will be negatively impacted My view on REITs remains until the chart tells me otherwise. This is interesting – let’s see what happens next. Will be […]

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REITS

January 21st, 2020 No Comments

I like REITs and would like to have some exposure in it However, the chart is weak On the balance of probability, I expect it to go to the low of ~950 than to shoot up to ~980 Maybe only in 1-3 months’ time, will we know the exact reason why REIT is weak Let’s […]

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FBMKLCI

January 16th, 2020 No Comments

There is temporary strength in the chart (while coincidentally the whole news out there is painted super bearish) I think there is an opportunity to push the index up to ~1600 area We then need to see what it does there to further assess the market condition

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FBMKLCI

January 13th, 2020 No Comments

We last updated FBMKLCI on the highlighted bar above. As expected it went up to the trading channel However the last few bars look weak to me If price could not recover to the region of 1600-1620, chances favour on the downside The line that we have drawn to watch (ahead of time) – 1550

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Mental Experiment: Incoming train

January 10th, 2020 No Comments

Imagine there is an incoming train. Do you have anyone in mind that you will: Jump down to the train track to save the person at all costs Extend your arm to save Do nothing Give a kick to the person down the track This is a mental experiment – there won’t be any repercussion […]

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BTC

January 8th, 2020 No Comments

From the last BTC post, the price was around ~USD7300 I said it looks like it is turning down It then went down to a low of ~USD6400 although it did so more precipitously ( I said it would probably turn down in the next 1-2 months; it just took 1/2 month, give or take) […]

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