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This one or two week shall see another round of retracement after last few days rebounding trend. After another round of retracement the market shall rebound and close to certain high until early week of September, then we need to be very precautious due to another sharp decline and or selling pressure should be appear on around 7-12 September.
Gold metal breaks new high again to about USD1800. The retail price of gold has been rising up from RM51 to about RM190 now. We anticipate that the gold price should have significant correction not far away. If so, when Gold appears to have trend turning, then we shall monitor and focus on USD. For USD to make a comeback shall become immediate and the spring for US country could be in the silent process.
“Big drop always happen after Big Rising, and Strong Uptrend always happen after Sharp Decline”, this is the classical saying for financial investment. For example, Bursa index drop significantly to about 1423, it’s actually happen just after the breaking new high trend about 1598 — the Trap. As for human being, “God wants you to perish He must first make you crazy” described in Bible, it’s no different in between human behaviour and investment market, there are hidden rules in the capital market and self discipline. Be it living, business running, employment, the way you manage things, even the financial investment, there are some “game rules” you need to very crystal clear about them in order to achieve success.
In the world of investment, it’s like a mirror in front of you. Why some people always can win profitably but some no matter how hard he tried but still not able to see fruitful result? How come? In fact, the investment itself is somehow like a practicing vat full of water, your character, attitude, behaviour even the religion so call the “Karma” will one by one reflected on the “water”. If you always have this common issue where “seeing it but can’t get it, getting it but can’t keep it, and some even worst that totally seeing nothing getting nothing”, then you must stop doing the investment or trading. I suggest you to look at yourself development improve and fine-tune yourgoodself then the investment business shall become smoother…
Lately, investors and analyst are focusing on the USD and US government bond. Who says USD will collapse and become worthless? Who says US government will become bankrupt if they continue to “print” money? Look at what Warren Buffet said: “AAA rating for US bond is not deemed fit enough, if there was AAAA, I would rather rate for it”. We must know that USD dollar index has been declining from 2001 until to date about 70 levels, it’s about 10 year long. This 10 year long is really enough for USD to suffer depreciation and it’s time for Him to perform well in the near future.
Reader Wong:
I want to learn investing; may I know how much capital it needs?
To learn investing, with less or more capital it doesn’t really matter. Most importantly, you need to learn, practice and master a solid technique by investing your money for your golden brain and investment mindset just before the limited Capital may potentially turns become the “DIMSUM” of the crocodile (market maker) by wrong doing. Try use demo account or little sum of real money to start, so to gain the feel and experience of winning and losing situation. Time is everything, we need time to build our wealth, we also need time to learn and master investing skills.
Reader Lim:
Airasia and MAS alliance together, the price for MAS suddenly fall. People are talking about double bottom recession, what is the future outlook for these counters?
Airasia hit Celestial Disc corner number 37 (RM3.70), that’s why it faces critical resistance and doing sharp declining immediately. It’s not because of news, fundamentals or anything; it’s all about price secret and timing. When price and time meet together, the trend turning will due immediately.
Airasia’s price level about RM3 and MAS around RM1.50. Of course, the MAS is worth to be paying attention and we shall focus to plan for accumulating it. Don’t forget that Airasia becoming a shining star to about RM3.80 today, its trend was actually started from about RM1 something back to last few year’s financial crisis. Again, this is another good example of “Strong Uptrend from a Sharp Decline first”. Now the fengshui turns to “MAS”, it’s about RM1.50, what do you say?
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David Yap
Founder & Master Coach
Oriental Master Code & Millionpreneur Investment Community
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Welcome. Our investment and trading methodology is applicable to forecast the financial markets. Oriental Master Code™ and Millionpreneur™ Forecasting Software covered the most critical challenges in understanding the financial markets. It has been tested and proven to be the most simple, effective and efficient solution and a worthy companion for you to play the Wall Street Game beautifully, masterfully and profitably. - David Yap
