Malton : This is given to my 6th client(a friend now) and I asked him to allocate buying in three stages. Stage one - buy at 0.775, a bit below support 0.78. It was at 0.81 at that stage, mind u. so WAIT.
As market goes lower, that was down. The black candle-stick, market dived due to korean-news, stage two easily done at 0.745(a bit below support 0.75). And the strong support at 0.72, buy at 0.715(a bit below support) for stage three done on the same day!!
It rebounded yesterday. No buy signals yet, many jumped in ... and see shall see 0.78 again as resistance. Shall we watch? If plans being carried out, clearing at 0.78 will give us the profit in a short one week trade!! Of coz we may want to wait for 0.80 level again? Possible? We shall see ...
I grabbed Malton at 0.71-0.72, now you do know why, right? But, due to lack of bullets, I sold it at 0.735 yesterday morning as in the morning, BStead making a move. I have to move into BStead as I have stalked her when it dives from RM5.80 to RM5.20. It is NICE.
Emerging Markets Lead The Charge
by Ryan Cole, Contributing Editor, Taipan Daily
Laggards no more, the emerging economies of the second and third world are coming into their own.
Fear is back -- and with it, opportunity.
Emerging markets had been on a big tear this week. When the MSCI Emerging Markets Index rose 1.8% in only three days, many took that as a sign that economies thought the Irish bailout would alleviate Europe's debt problem.
If Europe can get healthy, it's great news for the export-driven emerging markets, which still need rich countries to buy their goods in order to expand.
But then, North and South Korea faced off in an artillery skirmish. Doubts about Europe's bailout crept in. And suddenly, halfway through the trading day on Tuesday, the Emerging Markets Index was off 2.4%.
But it didn't stay down. By the end of the day, the Index had eked out a positive gain. Know why?
Taking Center Stage
Emerging markets are no longer the redheaded stepchildren of the world economy. They're growing big enough, strong enough, and advanced enough, that in many ways it's emerging markets that are the new economic engine.
Make no mistake: emerging markets still need the developed world to sell their goods. The U.S. remains the largest manufacturer in the world, almost twice as big as China -- the number two producer. And it will be years before emerging markets enjoy the kind of wealth that developed nations take for granted.
But that doesn't change one simple fact: Emerging markets are growing at extremely fast paces, and that doesn't look like it will change anytime soon.
China is a huge disappointment if GDP growth dips below 8%. India isn't far behind, hitting 7.44% growth last year. Brazil is starting to play with the big boys as well. And that's not even counting the smaller players that are growing even faster, like Panama (9.18%), Ethiopia (11.3%), and even Iraq (9.78%)... all are currently beating China's 9% growth.
That's why you should look into investing in emerging markets; they are the main driver of global growth today.
3.50 am : I just replied/updates two of my clients. Time to sleep again. zzz