I see a possible head & shoulder formation in the KLCI. 1090 is a crucial neckline support. The question now is whether there will be a bounce off 1090 or penetration of it. On 21/07/2008 there was a bounce off 1090, will we see another bounce? If there is a strong breach of 1090 then be prepared to see more downside in the KLCI.
Friday, August 15, 2008
KLCI. Brief Comments
I see a possible head & shoulder formation in the KLCI. 1090 is a crucial neckline support. The question now is whether there will be a bounce off 1090 or penetration of it. On 21/07/2008 there was a bounce off 1090, will we see another bounce? If there is a strong breach of 1090 then be prepared to see more downside in the KLCI.
Friday, August 1, 2008
Trading Ideas. Kinstel
Accumulation is seen in the price action with the macd creeping up. There is a small gap between 1.25 - 1.27. A breakout from 1.25 will see intermediate support at 1.27.
Trade on anticipation of reversal from downtrend. A breakout from 1.52 is preferred to confirm the reversal. (Thanks to Naruto on the W anticipation)
S1 - 1.20
R1 - 1.27
R1 - 1.27
R2 - 1.33
R3 - 1.39
R4 - 1.52R3 - 1.39
Music. 8 Ears. The Durio Dulcis EP
8 ears. Episode 1 & Episode 2
Episode 1.
8 ears – The Durio Dulcis EP
Daring. Non-conformist and radical. These 3 words describes 8 ears after my listening session of the EP. On the album cover a warning of some sort of is issued – either you like it or hate it. There is no middle way path.
The creative talent behind 8 ears is Weishein. Mild-mannered on the outlook and likeable once you know him, he has been writing and playing music on the sideline for almost a decade. The music was mostly written and produced on a Mac and mixed with an 8 track mixer.
I was told that in Latin Durio Dulcis means sweetest durian. However the music by 8 ears is far from sweet. The EP portrays a dramatic electronica soundscape, at times angry and sometimes sarcastically dark. Definitely not for the faint hearted. Perhaps it reflects the hidden thoughts and emotions of the songwriter during that 24 months when this EP was conceptualized.
Atanos Thgilnoom is achingly sad and painful. Perhaps the erhu gave it added emotive weight. Listen carefully and see if you can catch traces of Moonlight Sonata in reverse mode.
On Luv Unltd the tone is more cherubic. Duo-lo features more strings and the erhu with a dash of asian flavour.
If you are bored with the general mainstream music and feel kinda cheeky and experimental, The Durio Dulcis EP would be an interesting proposition. There are 8 tracks altogether on this EP. But be warned that it can be an assault on the aural senses. A like it or hate it experience, just like a cult thingy that it can become.
... NEXT EPISODE 2 ...
Episode 1.
8 ears – The Durio Dulcis EP
Daring. Non-conformist and radical. These 3 words describes 8 ears after my listening session of the EP. On the album cover a warning of some sort of is issued – either you like it or hate it. There is no middle way path.
The creative talent behind 8 ears is Weishein. Mild-mannered on the outlook and likeable once you know him, he has been writing and playing music on the sideline for almost a decade. The music was mostly written and produced on a Mac and mixed with an 8 track mixer.
I was told that in Latin Durio Dulcis means sweetest durian. However the music by 8 ears is far from sweet. The EP portrays a dramatic electronica soundscape, at times angry and sometimes sarcastically dark. Definitely not for the faint hearted. Perhaps it reflects the hidden thoughts and emotions of the songwriter during that 24 months when this EP was conceptualized.
Atanos Thgilnoom is achingly sad and painful. Perhaps the erhu gave it added emotive weight. Listen carefully and see if you can catch traces of Moonlight Sonata in reverse mode.
On Luv Unltd the tone is more cherubic. Duo-lo features more strings and the erhu with a dash of asian flavour.
If you are bored with the general mainstream music and feel kinda cheeky and experimental, The Durio Dulcis EP would be an interesting proposition. There are 8 tracks altogether on this EP. But be warned that it can be an assault on the aural senses. A like it or hate it experience, just like a cult thingy that it can become.
... NEXT EPISODE 2 ...
Music. 8 Ears. The Garcinia Mangostana
8 ears. Episode 1 & Episode 2
Episode 2.
8 ears – The Garcinia Mangostana EP
A couple of months or so ago, I had my first taste of The Durios Dulcis. And here's the follow up, The Garcinia Mangostana.
If The Durios Dulcis left you feeling emotionally unsettled, then The Garcinia Mangostana is the apt antidote for it. The Durios Dulcis veers on the leftfield while The Garcinia Mangostana veers on the rightfield. The Garcinia is sonically more accessible in this sense
Listening to this follow up EP, one gets the impression that the songwriter has come to terms with some of his emotional issues and angst. There is a unique sense of spiritual flow in the way the music is dispensed on the first 3 tracks. On Independent Aquatic Factory there is fusion of blissful calm amongst drum beats before breaking out into discord.
An Odyssey Of A Machinist is the emotive stand out track on this EP. It certainly won’t feel out of place in the soundtrack of a movie like Blade Runner or some arty-farty movie.
Last Words [Stolen Moments] is another interesting piece with some tinge of Euro-disco keyboards in the early part and a display of Kraftwerk-ism in the vocals. A nice way to end the soundscape.
The Garcinia has more ambience and sustainability. Although the time frame of release from the 1st EP to this EP was short, it has demonstrated a certain maturity in the songwriter (Weishein). Now,….if only some big shot movie producer can give this guy an opportunity to do the soundtrack, I bet he will shine.
In the end, Episode 1 + Episode 2 = Daring, Non-conformist & radical.
You can get The Durios Dulcis and The Garcinia Mangostana EP from The Ricecooker in Kuala Lumpur or as downloads from iTunes and AmazonMP3.
Episode 2.
8 ears – The Garcinia Mangostana EP
A couple of months or so ago, I had my first taste of The Durios Dulcis. And here's the follow up, The Garcinia Mangostana.
If The Durios Dulcis left you feeling emotionally unsettled, then The Garcinia Mangostana is the apt antidote for it. The Durios Dulcis veers on the leftfield while The Garcinia Mangostana veers on the rightfield. The Garcinia is sonically more accessible in this sense
Listening to this follow up EP, one gets the impression that the songwriter has come to terms with some of his emotional issues and angst. There is a unique sense of spiritual flow in the way the music is dispensed on the first 3 tracks. On Independent Aquatic Factory there is fusion of blissful calm amongst drum beats before breaking out into discord.
An Odyssey Of A Machinist is the emotive stand out track on this EP. It certainly won’t feel out of place in the soundtrack of a movie like Blade Runner or some arty-farty movie.
Last Words [Stolen Moments] is another interesting piece with some tinge of Euro-disco keyboards in the early part and a display of Kraftwerk-ism in the vocals. A nice way to end the soundscape.
The Garcinia has more ambience and sustainability. Although the time frame of release from the 1st EP to this EP was short, it has demonstrated a certain maturity in the songwriter (Weishein). Now,….if only some big shot movie producer can give this guy an opportunity to do the soundtrack, I bet he will shine.
In the end, Episode 1 + Episode 2 = Daring, Non-conformist & radical.
You can get The Durios Dulcis and The Garcinia Mangostana EP from The Ricecooker in Kuala Lumpur or as downloads from iTunes and AmazonMP3.
8 ears is online at www.theudderones.com/8ears
(kudos to weishin for the brave creative effort)
News. Kinstel
Extracted from the SteelGuru :
Kinsteel to invest proceeds from Perwaja listing
It is reported that Kinsteel Bhd will be able to reap up to MYR 97 million cash raised from the proposed listing of Perwaja Holdings Bhd.Mr Henry Pheng CEO of Perwaja Steel Sdn Bhd said that it would not undertake a capital repayment exercise for its shareholders, as the proceeds raised would be use to develop its downstream steel mills and other capacity expansion activities.Mr Peng said that based on the initial public offering price of MYR 2.90 per share, the listing of Perwaja Holdings will give the company a market capitalization of MYR 1.6 billion, which is one of the largest IPO exercise among the country’s listed steel millers.Mr Pheng who is also the son of Kinsteel’s managing director Tan Sri Pheng Yin Huah, said that post listing of Perwaja Holdings, there would be no changes to the shareholding structure of Kinsteel’s major shareholders. He said that “Kinsteel will still own 37% in Perwaja after the listing, which will allow the company to reap high returns from Perwaja’s operations.”He added that Kinsteel would have the option to up its stake in Perwaja Holdings to 51% by converting its irredeemable convertible unsecured loan stock of 10 sen a piece.Mr Pheng also said that “We do not plan to convert them to stocks immediately, as we can do that within 10 years’ time.”
It is reported that Kinsteel Bhd will be able to reap up to MYR 97 million cash raised from the proposed listing of Perwaja Holdings Bhd.Mr Henry Pheng CEO of Perwaja Steel Sdn Bhd said that it would not undertake a capital repayment exercise for its shareholders, as the proceeds raised would be use to develop its downstream steel mills and other capacity expansion activities.Mr Peng said that based on the initial public offering price of MYR 2.90 per share, the listing of Perwaja Holdings will give the company a market capitalization of MYR 1.6 billion, which is one of the largest IPO exercise among the country’s listed steel millers.Mr Pheng who is also the son of Kinsteel’s managing director Tan Sri Pheng Yin Huah, said that post listing of Perwaja Holdings, there would be no changes to the shareholding structure of Kinsteel’s major shareholders. He said that “Kinsteel will still own 37% in Perwaja after the listing, which will allow the company to reap high returns from Perwaja’s operations.”He added that Kinsteel would have the option to up its stake in Perwaja Holdings to 51% by converting its irredeemable convertible unsecured loan stock of 10 sen a piece.Mr Pheng also said that “We do not plan to convert them to stocks immediately, as we can do that within 10 years’ time.”
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