Crude Oil Hits Over $90

Oil roared to a new record over $90 on signs OPEC will shrug off calls for oil from big nations. Full Article from Reuters

林梧桐逝世

2007/10/23 云顶国际集团创办人丹斯里林梧桐逝世。 生于1918年在福建安溪出生，19岁时南来吉隆坡，从买卖废铁和二手机械生意起家，在1964年的54之龄投下巨资，一手打造马来西亚最大休闲胜地——云顶高原。

“一个朋友好意劝我，如果我是做木材的，在乌鲁加里山搞伐木倒不失为一个好主意。 至于要把云顶发展为一个旅游胜地，就有点儿像天方夜谭。” 采自林梧桐《我的自传》里，回忆当年开创云顶时。


国父一席话改变云顶：
林梧桐原本构想将云顶打造成一个供一家大小避暑玩乐的胜地。 在1969年3 月31日，云顶首家酒店高原酒店开幕当天，为酒店主持开幕的国父东姑阿都拉曼，在致词时说了一句改变云顶命运的话。 国父当年说，他对林梧桐在毫无政府资助的情况下开发云顶，为大马旅游业作出贡献而深受感动，因此政府将优先考虑让云顶开办赌场。 林梧桐也因为这句话，把云顶发展避暑胜地，也开办起赌场业。

TA: MACD

Moving Average Convergence Divergence (MACD). Common MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA.

Indicators of MACD:
1. Crossovers - when the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal.

2. Divergence - When the security price diverges from the MACD. It signals the end of the current trend.

MACD can combined use with Fibonacci retracement. See example below:

TA: Fibonacci Retracement

Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci. In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and bottom) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.

Example recent KLCI chart



Steps of construct Fibonacci retracement
1. Identify major market trend; up or down
2. For major up trend, select from peak to bottom
3. Fibonacci retracement ratio: 38.2%, 50% and 61.8% (Golden level)

Support level 1: 1291, level 2: 1262
Strong support level: 1237

Sinopec, CNOOC, PetroChina

China Petroleum & Chemical Corp

CNOOC Limited

PetroChina Co. Ltd

Average Daily Turnover

Bursa Malaysia announced third quarter period ended 30 September 2007 result net profit more than double (jump 123%) to RM56 million recorded for the corresponding period in the previous year.

Singapore Exchange also record highest quarterly net profit SGD$130 million which represents a 173% growth as compared to the corresponding period ended 30 September 2007.


Above show average daily turnover of quarter which ended 30 September 2007 of few Asian market. The average daily turnover in KLSE has growth 145% as compared to the corresponding period. The average turnover of Singapore also improved 86% for corresponding period. However, Heng Seng was showing big jump more than 500% of average daily turnover in the period. Hong Kong Exchange will announce the third quarter result on 14 November 2007. No doubt that , it will be few folds of its net profit.

Gold price double in 5 years

Look at the gold price chart. The price was double in 5 years.

Can You Make 4 Folds of Your Money in 5 Days

"You have ifs, Bursa has answers"

The BursaPursuit investment game has started 5 days. An expert was making RM 1 million in five days. How to do it.

How do you invest if you have RM250,000?

How do you invest if you have RM250,000?

A Virtual Investment Game

An investment Challenge Game that mimics Bursa Malaysia. Pit your skills against other virtual investors to win over RM500,000 worth of prizes*! The Challenge begins on 1 October, 2007. Register now to be alerted before the game starts.

http://www.bursapursuit.com

BURSA PURSUIT is a good portal for you to challenge your investment skill. For those no investment experience people also can gain the investment practice. No risk at all. Don't boggle act now.