NextVIEW Traders Club Weekly Newsletter

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Add B-9-12, Block B, Level 9, Megan Avenue II, 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Malaysia

Newsletter for the week ending 12 May 2008

THIS WEEK’S CONTENTS:

Page

1. Investment/Trading Related Articles:

Is the Advice to Keep a Trading Diary Good or Bad? …… 2
by Richard L. Muehlberg, full-time trader and online publisher

2. Market Commentaries
i) Bursa Malaysia Kuala Lumpur Composite Index (KLCI) …….. 3
ii) Singapore Straits Times Index (STI) …….. 5
iii) Thailand SET Index (SETI) …….. 7
iv) Hong Kong Hang Seng Index (HSI) …….. 9
v) Dow Jones Industrial Average (DJI) …….. 11
3. Regional Traders Education Events …….. 13

Disclaimer and Copyright …….. 16

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 1

1. Trading/Investment Related Articles:
Is the Advice to Keep a Trading Diary Good or Bad?
By Richard L. Muehlberg, full-time trader and online publisher,
www.DayTradingWithLinesInTheSky.com

The advice to keep a trading diary used to make me angry! Year after year, I tried so many
variations of a diary, I became numb. I would try a new format, keep it up for a few days or weeks,
feel terrific about my progress, then run into a wall, and scrap the thing. I would wait; then start
another variation.

The notion of keeping a diary began to eat at me. I fell over myself trying to enter my trades. But,
the ways I described what I saw the markets do were superficial or uninformed or inconsistent or all
three. I would rewrite diary entries. When I re-read my entries later, they made no sense. I learned
nothing.

So, are diaries a waste? If you are a made-trader, not a born-trader, not an instinctive,
indefatigable trader, then you must, must, must keep a diary. The advice to keep a trading diary is
good. There, I said it! The problem is not in keeping a diary but in what the diary is asked to do. I
now realize that diaries fail when they are asked to perform too many roles.

The role of a diary, I have concluded, is to record what I see a market do -- effectively, consistently
and succinctly. That is all. I no longer enter my trades in my diary. (My account statements record
my trades.) I say, "Why not write a real-time, teaching-oriented diary?" Now, I use my diary to help
me learn about the general and specific structure of what is happening as it happens. I focus on
how I think, not on my trades or the money.

When good analysis becomes second nature to you, good trades and the money will come.

The reasoning goes like this: Each trading day, if my analysis is something I can routinely and
profitably act on, I should be able to force my trading to piggyback on my analytical skills. I will pull
my trading up, not my diary down. My problems surface when I pull the trigger…when I enter and
exit a trade.

One of my continuing goals is to work around my weakness as a shooter by focusing on my

strength as an analyst. Can you identify with this? How often have you said this to yourself? "I
knew the price would do that, but I didn't believe in myself. My trading system is good, but I don't
follow it."

Learn to believe in yourself as an analyst. Show yourself proof that your system works. A diary
helps.

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 2

2. Market Commentaries
i) Bursa Malaysia Kuala Lumpur Composite Index (KLCI)
Technical Analysis as of 12/05/2008

Basic Price information

Close: 1,293.09

Trend Analysis
MACD (7.1669)
MACD is indicating that the current short term price trend is very bullish. The momentum of the trend is
strong.

Moving Averages 10-day(1,282.6860), 30-day(1,262.1860), 60-day(1,276.8260), 100-day(1,337.4941).

SHORT-Term Trend: Very bullish
LONG-Term Trend: Very bearish

Support and Resistance Analysis

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 3

Immediate Support: 1,271.4200
Longer term Support: 1,157.4700
Immediate Resistance: 1,305.0900
Longer term Resistance: 1,369.5400

100 day SMA Resistance: 1,337.4941

200 day SMA Resistance: 1,340.3038

Stochastic(50.3075) is currently in neutral zone and is getting lower.

Price Reversals
Candesticks
Bullish Candlestick pattern: No bullish candlestick pattern detected in the last 3 days.
Bearish Candlestick pattern: No bearish candlestick pattern detected in the last 3 days.

Bar Chart Patterns

Bar Chart Bullish Price Reversal Pattern: No bar chart bullish price reversal detected for the last 3 days
Bar Chart Bearish Price Reversal Pattern : No bar chart bearish price reversal detected for the last 3 days

Stochastic
Stochastic Bullish Price Reversal : No bullish reversal in the last 2 days.
Stochastic Bearish Price Reversal : No bearish reversal in the last 2 days.

Volatility Analysis
Short term volatility: The ATR has declined therefore price action is less volatile
Longer Term volatility: The Bollinger Bands are contracting therefore price action is less volatile

Volume Analysis
Volume: 149,000 shares, 30-day average volume: 183,733 shares.
Volume strength is moderate. The On Balance Volume is increasing, indicating accumulation of shares in the
market.

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 4

ii) FT Singapore Straits Times Index (FTSTI)
Technical Analysis as of 12/05/2008

Basic Price information

Close: 3,180.16

Trend Analysis
MACD (33.8741)
MACD is indicating that the current short term price trend is bearish. The momentum of the trend is strong.

Moving Averages 10-day(3,199.7690), 30-day(3,148.4619), 60-day(3,054.2673), 100-day(3,110.2407).

SHORT-Term Trend: Very bullish
LONG-Term Trend: Bullish

Support and Resistance Analysis

Immediate Support: 3,140.5801
Longer term Support: 2,745.9600
Immediate Resistance: 3,269.8799
Longer term Resistance: 3,269.8799

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 5

100 day SMA Support: 3,110.2407
200 day SMA Resistance: 3,326.9802

Stochastic(29.6981) is currently slightly oversold and is getting lower.

Price Reversals
Candesticks
Bullish Candlestick pattern: No bullish candlestick pattern detected in the last 3 days.
Bearish Candlestick pattern: No bearish candlestick pattern detected in the last 3 days.

Bar Chart Patterns

Bar Chart Bullish Price Reversal Pattern: No bar chart bullish price reversal detected for the last 3 days
Bar Chart Bearish Price Reversal Pattern : No bar chart bearish price reversal detected for the last 3 days

Stochastic
Stochastic Bullish Price Reversal : No bullish reversal in the last 2 days.
Stochastic Bearish Price Reversal : No bearish reversal in the last 2 days.

Volatility Analysis
Short term volatility: The ATR has declined therefore price action is less volatile
Longer Term volatility: The Bollinger Bands are contracting therefore price action is less volatile

Volume Analysis
Volume: 129,000 shares, 30-day average volume: 230,867 shares.
Volume strength is weak. The On Balance Volume is declining, indicating distribution of shares in the
market.

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 6

iii) Thailand SET Index
Technical Analysis as of 12/05/2008

Basic Price information

Close: 842.22

Trend Analysis
MACD (5.3499)
MACD is indicating that the current short term price trend is very bullish. The momentum of the trend is
however, weak.

Moving Averages 10-day(841.1480), 30-day(833.4790), 60-day(828.1995), 100-day(817.0039).

SHORT-Term Trend: Very bullish
LONG-Term Trend: Very bullish

Support and Resistance Analysis

Immediate Support: 829.2100
Longer term Support: 796.2300
Immediate Resistance: 856.8100

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 7

Longer term Resistance: 856.8100

100 day SMA Support: 817.0039

200 day SMA Support: 828.0818

Stochastic(62.1618) is currently in neutral zone and is getting lower.

Price Reversals
Candesticks
Bullish Candlestick pattern: No bullish candlestick pattern detected in the last 3 days.
Bearish Candlestick pattern: Engulfing Bear was detected yesterday

Bar Chart Patterns

Bar Chart Bullish Price Reversal Pattern: No bar chart bullish price reversal detected for the last 3 days
Bar Chart Bearish Price Reversal Pattern : No bar chart bearish price reversal detected for the last 3 days

Stochastic
Stochastic Bullish Price Reversal : No bullish reversal in the last 2 days.
Stochastic Bearish Price Reversal : No bearish reversal in the last 2 days.

Volatility Analysis
Short term volatility: The ATR has declined therefore price action is less volatile
Longer Term volatility: The Bollinger Bands are contracting therefore price action is less volatile

Volume Analysis
Volume: 304,960,000 shares, 30-day average volume: 447,358,272 shares.
Volume strength is moderate. The On Balance Volume is declining, indicating distribution of shares in the
market.
________________________________________________________

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 8

iv) Hong Kong Hang Seng Index (HSI)
Technical Analysis as of 09/05/2008

Basic Price information

Close: 25,063.17

Trend Analysis
MACD (495.2937)
MACD is indicating that the current short term price trend is bearish. The momentum of the trend is strong.

Moving Averages 10-day(25,766.2832), 30-day(24,671.5039), 60-day(23,884.1602), 100-

day(24,711.4355).
SHORT-Term Trend: Very bullish
LONG-Term Trend: Bullish

Support and Resistance Analysis

Immediate Support: 24,107.2402
Longer term Support: 20,572.9199
Immediate Resistance: 26,387.3691

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 9

Longer term Resistance: 26,387.3691

100 day SMA Support: 24,711.4355

200 day SMA Resistance: 25,380.6582

Stochastic(53.4931) is currently in neutral zone and is getting lower.

Price Reversals
Candesticks
Bullish Candlestick pattern: No bullish candlestick pattern detected in the last 3 days.
Bearish Candlestick pattern: Engulfing Bear was detected 2 days ago

Bar Chart Patterns

Bar Chart Bullish Price Reversal Pattern: No bar chart bullish price reversal detected for the last 3 days
Bar Chart Bearish Price Reversal Pattern : Key Reversal DOWN was detected 2 days ago

Stochastic
Stochastic Bullish Price Reversal : No bullish reversal in the last 2 days.
Stochastic Bearish Price Reversal : Stochastic crossed below its %D 2 days ago.

Volatility Analysis
Short term volatility: The 3-period ATR (485.5281) has increased therefore price action is more volatile
Longer Term volatility: The Bollinger Bands are contracting therefore price action is less volatile

Volume Analysis
Volume: 2,068,024,960 shares, 30-day average volume: 2,321,239,552 shares.
Volume strength is moderate. The On Balance Volume is declining, indicating distribution of shares in the
market.

________________________________________________________________________________________

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 10

v) Dow Jones Industrial Average (DJI)
Technical Analysis as of 12/05/2008

Basic Price information

Close: 12,876.31

Trend Analysis
MACD (92.1477)
MACD is indicating that the current short term price trend is bearish. The momentum of the trend is strong.

Moving Averages 10-day(12,901.3555), 30-day(12,726.9141), 60-day(12,504.3496), 100-

day(12,576.0420).
SHORT-Term Trend: Very bullish
LONG-Term Trend: Bullish

Support and Resistance Analysis

Immediate Support: 12,656.5596
Longer term Support: 11,731.5996
Immediate Resistance: 13,132.4600

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 11

Longer term Resistance: 13,132.4600

100 day SMA Support: 12,576.0420

200 day SMA Resistance: 13,022.0176

Stochastic(34.2309) is currently in neutral zone and is getting higher.

Price Reversals
Candesticks
Bullish Candlestick pattern: No bullish candlestick pattern detected in the last 3 days.
Bearish Candlestick pattern: No bearish candlestick pattern detected in the last 3 days.

Bar Chart Patterns

Bar Chart Bullish Price Reversal Pattern: No bar chart bullish price reversal detected for the last 3 days
Bar Chart Bearish Price Reversal Pattern : No bar chart bearish price reversal detected for the last 3 days

Stochastic
Stochastic Bullish Price Reversal : No bullish reversal in the last 2 days.
Stochastic Bearish Price Reversal : No bearish reversal in the last 2 days.

Volatility Analysis
Short term volatility: The 3-period ATR (161.2085) has increased therefore price action is more volatile
Longer Term volatility: The Bollinger Bands are contracting therefore price action is less volatile

Volume Analysis
Volume: 198,107,008 shares, 30-day average volume: 223,411,360 shares.
Volume strength is moderate. The On Balance Volume is increasing, indicating accumulation of shares in the
market.

________________________________________________________________________________________

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 12

3. Regional Traders Education Events this week
MALAYSIA

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 13

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 14
HONG KONG

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 15

________________________________________________________________________________________
DISCLAIMER AND COPYRIGHT NextView Sdn. Bhd. (574271-D) and NextView Traders Club (NVTC) are NOT a licensed
investment advisors. This publication, which is generally available to members of NVTC, falls under Media Advice provisions. These
analysis notes are based on our experience of applying technical analysis to the market and are designed to be used as a tutorial showing
how technical analysis can be applied to a chart example based on recent trading data. This newsletter is a tool to assist you in your
personal judgment. It is not designed to replace your Licensed Financial Consultant, your Stockbroker. It has been prepared without
regard to any particular person's investment objectives, financial situation and particular needs because readers come from diverse
backgrounds, with diverse objectives and financial situations. This information is of a general nature only so you should seek advice from
your broker or other investment advisors as appropriate before taking any action. The decision to trade and the method of trading is for
the reader alone to decide. The author, contributors and publisher expressly disclaim all and any liability to any person, whether the
purchase of this publication or not, in respect of anything and of the consequences of anything done or omitted to be done by any such
person in reliance, whether whole or partial, upon the whole or any part of the contents of this publication. Neither NextView Sdn Bhd
(including offices in other countries) nor its officers, employees and agents, will be liable for any loss or damage incurred by any person
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copyright and for the sole use of NVTC Members. It cannot be circulated to other readers without the permission of the publisher. This is
not a newsletter of stock tips. Case study trades are notional and analyzed in real time on a weekly basis. NextView Sdn Bhd does not
receive any commission or benefit from the trading activities undertaken by readers, or any benefit or fee from any of the stocks reviewed
in the newsletter. NextView Sdn Bhd is an independent financial education organization and research is supported by NVTC annual
membership fees.

OFFICES;
Head Office Malaysia: B-9-12, Block B, Level 9 Megan Avenue II, 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Malaysia. Singapore: 5 Shenton Way,
#02-03/05 UIC Building, Singapore 068808. Thailand: The Millennia Tower, 18th Floor, Unit 1806, 62 Langsuan Road, Lumphini, Pathumwan Bangkok,
10330, Thailand. Hong Kong: Room B, 16/F, Crawford Tower, 99 Jervois Street, Sheung Wan, Hong Kong. China: 98 Liuhe Road, 16A GangLu
HuangPu Center Building, Shanghai 200001

© 2006 - 2008 NextView Investors Education Group. All rights reserved. 16