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Friday, September 16, 2011

all about market indicators (a must have book for stock market players)

This review is from: All About Market Indicators (All About Series) (Paperback)
My first book on technical analysis of stocks was "Technical Analysis from A-Z". That was way, way over my head. I needed something a little easier to start out on and didn't kill me with math. This book is it and I would absolutely recommend it to anyone who wants to learn about these valuable tools for investing short or long-term.

If you don't know anything about indicators (or a still relatively new to the subject) and are investing, I would urge you to read the material in this book. There are valuable lessons that could prevent serious financial hardship (like the simple rules around moving averages, which you can use to get a feel for where the market is going).

It is a primer. It is not an exhaustive study, and the author never makes a claim that it is. It's really a wonderful "appetizer" that shows you the different strategies. It also points you in the direction of where you should look next. He also does a nice little "back-test" to see which of the major strategies work. I found this useful in having a starting direction.

On a side note, I like Sincere's style. It's very easy to understand. I bought his book, "Understanding Stocks", for my teenage son. I have read two of his other books, "Understanding Options" and "101 Investment Lessons". "Understanding Options" I found to be a great starting overview of this complicated field; "101 Investment Lessons" was useful and should be read, but was a bit dated (it was written in the late 90s), and needs to be read with an open mind.

But this book -- Understanding Market Indicators -- I really believe is an absolute must-read if you are investing and are not familiar with technical analysis. It could save you a LOT of pain.

rumours news and views 16/9

DJ 11433.18 up 186.45 SnP 1209.11 up 20.43
Today KLSE off holiday (Malaysia Day) Today everywhere up n we are having holiday Comes monday,everywhere down klci also down, where got chance to go up.This weekend,and monday have to follow closely, what obama n benarke has to offer, to create more jobs.Last nite job figures was not good
EnO- Hot topic,will bursa force on sime to extend a GO for the rest of EnO shares???Chances I don't think so.Effectively, they bought only 30% unless proven otherwise.
Rumours- that malton may have interest in EnO.On this run down,if they can manage to get a 33% shareholdings,they will go for MGO for the remaining shares which of cause will be cheaper than rm2.30.How these play out is leave to be seen,I wish all those who hold EnO shares good luck.
Ramunia-Some of my frds ask me why I buy @ 42,Well I am taking chances,the rights price is @ 41. EGM has approved to buy the FPSO,quite sure they going to get a contract soon,remember tabung haji is their major share holders.And they are also Petronas approve fabricator,technically I would said they are out of PN17,in fact they are doing some jobs at the former oilcorp yard in Pulau Indah
Rumours-PEnergy MnA deal with Ramunia,how true I honestly don't know but if u look at the filing,Tabung Haji has been buying PEnergy shares lately.There is no smoke without fire
516pm asia/pacific all up, euro all most all up,futures down 51pts.

klci biz 15/9

locals was the sellers yesterday,now we know why the index is down,mostly GLC.