Invest Malaysia 2009 starts next week on 30th June, Tuesday until 1 July Wednesday.
PM Najib will deliver key notes on Tuesday, so watch out the post Invest Malaysia market movement. Last year Market reacted positively by moving up for 3 days but subsequently being sold down.

Personally i hope there is a change in policy, only then will stage a sustainable rally.

Some information about Invest Malaysia 2009: http://www.investmalaysia09.com/

Invest Malaysia is an annual institutional investor conference showcasing selected Malaysian corporate companies and profiling Malaysia as a destination of investment.

The upcoming Invest Malaysia 2009 conference will be the 5th since its inception in 2005, and is sponsored by Bursa Malaysia, CIMB and supported by CMDF ( Capital Market Development Fund). Held on June 30th - July 1st 2009, it will be another platform for the capital market to unravel and bring together regulators, market players and investors for an insightful event.The conference is the investment premier event that attracts both local and foreign fund management and is expected to be attended by more than 500 people.

The Prime Minister of Malaysia will be delivering the keynote address on Day 1 and will provide his inspiration to the market players and audience. Invest Malaysia 2009will also have a policy and major Malaysian corporate drivers to panel discussions and presentations aligned to this year's theme of Malaysia's Growth Drivers.

Invest Malaysia is organized by CIMB, Bursa and CMDF

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Excerpt from CFA Institute website: http://www.cfainstitute.org

What is CFA institute?
CFA Institute is the global, not-for-profit association of investment professionals that awards the CFA and CIPM designations. We promote the highest ethical standards and offer a range of educational opportunities online and around the world.

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What is a CFA program?
A self learning, graduate level program for investment professionals

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Overview
When you sign up for the CFA Program, you become a candidate. As a candidate, you:
-Study for three exams using an assigned curriculum
-Take the three levels of the exams sequentially

If you pass all three exams, meet the professional and ethical requirements, and become a regular member of CFA Institute, you become a CFA charterholder.

Exams for all levels are held in locations around the world. Level I exams are held in June and December. Levels II and III are only held in June.

You can take as long as you need to complete the program, and there is no limit to the number of times you can take each exam. The curriculum changes each year to meet the dynamic nature and complexity of the global investment profession.

Course of study:
http://www.cfainstitute.org/cfaprog/courseofstudy/index.html

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Requirements:

Have a U.S. bachelor’s (or equivalent) degree
Or be in the final year of your bachelor's degree program at the time of registration
(Note: education information must be updated before progression to Level II)
Or have four years of qualified, professional work experience
Or a combination of work and college experience that totals at least four years.
(Note: summer, part-time, and internship positions do not qualify)

Meet the professional conduct admission criteria (during the application process, you will be asked to sign statements of Professional Conduct and Candidate Responsibility).

Be prepared to take the exams in English.

https://www.cfainstitute.org/cfaprog/charterholder/program/program_require.html

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Fees:
https://www.cfainstitute.org/cfaprog/register/fees.html

For new candidate, you are required to pay a one off enrollment fee of USD390 / USD465 (last date for enrollment), exam registration fee varies upon your registration deadline. There are 3 deadlines in general.

Regitration fee includes a set of curiculum which will be fedex to your house.

If you fail, you are required to pay USD550 for repeating and that includes a new set of curiculum as well.

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To become a CFA charterholder

>>You need to pass all 3 level of exams.
>>Become CFAI member.
>>You need to have 4 year relevant industry working experience, full time position with qualifying activities:
a. Evaluating and applying financial, economic, or statistical data involving securities or other investments, or producing work that adds value to the process
b. Supervising persons who practice such activities
c. Teaching such activities
>>Pay dues.

https://www.cfainstitute.org/cfaprog/charterholder/membership/
https://www.cfainstitute.org/cfaprog/charterholder/membership/work_experience.html

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Faqs

https://www.cfainstitute.org/cfaprog/faq/index.html

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Some external tuition centre for CFA program in Malaysia

- IMS Inti Management School (http://www.ims-inti.com/ims/index.php)
Fee schedule: http://www.ims-inti.com/ims/index.php?id=30

- Kasturi (http://www.kasturi.edu.my/?page=pri&pid=39#cfa)

- Suria college

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At present i am a Level 3 CFA candidate. I wish to sell my Level 3 books too. If you are interested, please contact me, thanks.

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Concerns on economy recovery and negative news flow from IDR sent KLCI to 1054. Retailers are panic selling at the moment. If you notice, stocks were queuing lower in order to absorb cheaper stocks. Cheap RM also indicates some outflow.

So where is the support?

Technically, i would believe the correction would be overdone as public still lack of confidence as the market has been going up for months not weeks. Everyone is fear.
So the support would be around 1035 - 1040 and bottom still cap at 1000.

Mid - Long term trend still looks good.

Buy on dip. I believe there are more to come.

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1st Apr - 11 May : Volume hit 3.85B at peak @ 1034 (Please refer to 2006-2007 chart & volume)

As public becomes optimistic and believe that any stocks they are buying would make them money, smart monies should be catious about the current trend and be prepared to exit whenever the volume surge higher than 3.85B OR beg the profit which satisfy you. Do not be greedy.

I believe we will see another volume peak in 2 weeks time before Invest Malaysia 2009. Again, volume could be your bellweather. Sell on strength.

Some data for reference
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(2006 - 2008)
Wave 1 to Wave 2 was around 2 months and 3 weeks.

Wave 1: Volume 2.2B, KLCI retraced 6%
Wave 2: Volume 4.85B, KLCI pulled back 17.8%
Wave 3: KLCI pulled back 16.7% with average 2B trading volume
Declining trend of trading volume until Peak @ 1505.71 , average trading volume at 2B

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1. Ride on the feel good factor and to continue it to next year for ELECTION.

2. MRT extension to IDR and Free zone for Singaporean. Old story but worth to relook. Too, the packages. - IRIS, PATIMAS, UEMLAND

3. Trans Penisular Pipeline could have Plan B. - O&G

These are market rumours, and i am not recommending any shares, buy or sell at your own risk.

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The KLCI is attempting on 1077, its 32.8% fibonacci. Historical data in 97-98 and 2001-2002 has told us that, a recovery movement will always face a leg down when it hit 32.8% fibonacci. Could it be an exception this round ?

Najib 100 days in office - from 8/4 to mid of July
CIMB invest Malaysia 2009 - from 30 June to 1 July

Rumours on operators will push the market on this 2 events already circulating on the market.

My target would be 1077, 1090, 1164, 1300

I believe market will have a leg down on August after these events. Market cant straight line go up without coming down right?

Its time to switch to lower liners ?

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While everyone was still pondering what direction should the market go, the bull already started with smart money came in and made all the easy money.

While everyone was still thinking the leg down will kick in, the market reacted the other way by extending the leg up.

While everyone was thinking that to breach resistances, the market would take a breather, the market just kept on going up like rocket.

People scared this is a trap, but when market keeps on going up, the starting to believe this is a spanish bull, and starting to "Sai Lang" (money all in), practicing buy high sell low strategy to benefit smart investors.

Now what is in your mind? Up Down ? Down Up ? Up Up Down Down ? Down Down Up Up ?
I believe this crazy bull is losing his mind, keep on running because his eye is covered by red cloth.

Next would be 1077 , 1090 , 1164 , 1250 , 1300.
Downside at 980 - 1000 , next 950

What to buy? This is a good question. As dollar is depreciating like nobody business, i think resources based counters would give you good return.

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