Dear Traders,

We had our Traders Club meeting Saturday and some members shared their trading plans for current KLSE opportunities. One trader shared his trade in Sime Darby showing his entry/ risk and profit objective. He printed out the chart and detailed the criteria on the chart including trend lines/ support and resistance/ reasons for entry.

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Dear Traders,

Last Friday, several of our members came to my office at Phillip. They brought their deep practice exercises showing Martin and I shares selected with their MetaStock filters.

They overlaid support/ resistance/ trend channels and identified where to buy/ risk and take profit. Martin and I reviewed their trading plans.

As we have wireless internet, some were able to place trades with their on line broker.
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Dear Traders,

According to Intrade, a website where you can bet on events, the Democrats have a 62.5 % chance of losing control of the House of Representatives in the 2 November US election. That means the opposition party, the Republicans will take control and Obama’s big government, increased regulation, higher taxes, small business unfriendly, socialist agenda will be blocked.
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Dear Traders,

The AUD continues to march ahead which is positive for our AUD denominated investments. Holding the AUD is like holding a call option on China.
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Dear Traders,

Confidence is coming back, stock markets are moving ahead. The mantra “Don’t fight the Fed” is a trading maxim. When the central bank begins to operate the printing press again at full speed- asset price inflation should follow. Whatever ails the stock market can be fixed with money creation.
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Dear Traders,

We just returned from Perth, Australia where Dolly and I enjoyed a brief holiday. The weather was quite cool but clear so we were able to enjoy the many attractions- the highlight being a visit to the Perth mint.

The Perth mint was filled with customers buying gold and silver kangaroo coins/ bullion bars/ and jewelry. Many of them were tourists including a group from Malaysia.
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Dear Traders,

According to Global Money Trends, a premier research service, Goldman Sachs investment management team has told their high net worth clients to stay fully invested in a report entitled Double dip or Double Buy
Goldman feels valuations are cheap by historical standards and this is the reason to be bullish.
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