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"...
I am no prophet of doom but I do not believe "the
bottom is just around the corner"
[as what Y.B. Datuk
Dr Shafie (Deputy Finance Minister), Fred Tam (CEO, P.I.
Capital) & Dr Neoh Soon Kean (CEO, Dynaquest) have
predicted]. My analysis
points to a slightly longer time frame. In fact, the
confirming signal I am looking for -- the
inverted Three Buddhas
-- is as elusive as ever.
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The new
major Wave 1 in a correction mode... How
low can the KLCI drop? Most likely to
650 (by year-end
[2000]?), then
to 550 level. A
"worst case" scenario could see KLCI being
dragged way down to 450, or even 400 levels!
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Pinpointing
the KLCI's trend reversal
using 3-line break & 1%
kagi charts.... in search for the "neck emerging
from a white suit with black shoes" and the "inverted
three Buddhas"
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It's
going to be rosy in the longer term.....
With a steep major
Wave 1 (a massive 760 points!), we can expect a
brighter future in in
the longer term, with
the KLCI capable of touching
1230 (by 2002/2003),
the magical 2000 level
by 2008/2009, and even
3230 (by 2020?).
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"I am no prophet of
doom
but I do not believe 'the bottom is just around the corner'.
My
analysis points to a
slightly longer time frame.
In fact, the confirming
signal
I am looking for -- the inverted Three Buddhas --
is as elusive as
ever."
Arifin Abdul
Latif
Oct. 2, 2000
Commentaries:
"I read your
article in the Edge ...
I am a firm believer that the Candlestick charts
can reveal a great deal,..."
"Now that the
market has literally crashed to the 700 level it would seem that your
reading of the market will prove correct and it will head
south."
Paramjit
Gill
"Your article
in The Edge was most interesting and informative."
"...please
advise which software which is readily available which displays kagi
charts?"
Elizabeth
Tan
"I came
across your recent contribution in The Edge publication and sincerely
thought it a rather interesting read. The revelations on the possible
market direction were certainly an eye opener."
"I wonder if
you might be interested to share some of your expert knowledge on
technical analysis (charting) with RHS professionals."
Liew Bee
Lin
Marketing
Manager
Rashid Hussain Securities Sdn. Bhd.
".... no
wonder the market is in shambles -- people manning the market place don't
know how to analyse, .... !"
Norani
Ibrahim
Senior
Project Coordinator,
EKONOMI Centre, INTAN
Read
More Commentaries
1
2
3
4
5 6
Send
us Your Commentaries ...
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From the
Readers' Emails |
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Read
More Commentaries
1
2
3
4
5 6
Send
us Your Commentaries ...
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Date: Wed, 04 Oct 2000 12:12:50
+0800
From: Param Gill < gillaw@tm.net.my>
To:
Arifin Adbul Latif < arifin@intanbk.intan.my>
Subject:
Three
Buddhas
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Dear En Arifin,
I read
your article in the Edge on the above and I am a firm believer that the
Candle stick charts can reveal a great deal, the only problem is the
lack of these charts for the average investor. Maybe you can assist me as to where I can get these charts on a regular basis.
Now that the market
has literally crashed to the 700 level it would seem that your reading of the market will prove correct and it will head south.
Based on the
1% Kagi since the market has now established 10 sessions of lower
shoulders is it your opinion that the down trend will reverse or do you see the trend continuing down to 650 for wave 2 before it corrects? I know that what you may say is only your opinion and based on your reading of
the various charts yet I would be pleased to hear from you and maybe one
day meet up and discuss charting with you.
Best
regards,
Paramjit
Gill
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Date: Sun, 8 Oct 2000 22:22:39
+0800
From: Elizabeth Tan < elizt@pc.jaring.my>
To:
arifin@intanbk.intan.my
Subject:
In Search of the 3
Buddhas
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Dear Encik
Arifin
Your
article in The Edge was most interesting and informative.
Thank
you
for sharing it. Could you please advise which software which is
readily
available which displays kagi charts? By the way, do you conduct
any
technical analysis courses?
Thank
you.
Elizabeth
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Date: Wed, 11 Oct 2000 09:10:20
+0800
From: Liew Bee Lin < blliew@rhb.com.my>
To: arifin@intanbk.intan.my
Subject:
Technical Analysis
Course
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Mr.Arifin,
I came
across your recent contribution in The Edge publication and sincerely thought it a rather
interesting read. The revelations
on the possible market direction were certainly an eye
opener.
As a matter
of fact, I wonder if you might be interested to share some of your
expert knowledge on technical analysis (charting) with
RHS professionals (remisiers / dealers), be it on an elementary,
intermediate or advanced level. If you are keen, let me know and we can
proceed to discuss further arrangements.
Thanks again
for a great article !
Regards,
Liew Bee
Lin
Marketing Manager
Rashid Hussain Securities Sdn.
Bhd.
Tel : 980-2187
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Date: Wed, 11 Oct 2000 10:37:47
+0800
From: Norani Ibrahim < norani@intanbk.intan.my>
To:
arifin < arifin@intanbk.intan.my>
Subject:
Re: Technical Analysis
Course
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Brother
Go and shoot
them - no wonder the market is in shambles -- people
manning the market
place don't know how to analyse, tch tch tch!
On a serious
note, this could be another window to expand the "shorting"
knowledge, but
please negotiate the price - remember, at market price please!
Not the
treasury circular rate!
Nora
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& Fax: 603-26175462 |
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