A JANUARY EFFECT IT IS

Both the Dow and KLSE blasted up north this week. So we do have a January effect, now don't we? The Dow ended at 12,556 (a new closing ALL TIME HIGH, which I'm sure we'll see be taken out next week) and the NASDAQ closed at a 6-year HIGH of 2,502. The NASDAQ is leading the rally, and this is even being felt at home where analysts are trying to prop up chip stocks here (Unisem, MPI, etc.). What was more impressive about Fridays rally was that it came on the heels of APPLE being sued by CICSO and a warning from AMD. Looks like even bad news can't stop the BULLS. Larry McMillan even mentioned that the bulls once again stole the show despite the S&P500 being close to breaking down its uptrend channel. The US Dollar fell against the Euro and Cables, although it did initially went up after the release of the Retail figures (got caught on that, bummer. But it was a good week for currency trading anyhow).

The KLSE closed at 1,119 and will most certainly blast through the 1,121 high. Its quite unfortunate that we're a laggard and still far away from the 1330 points set back 13 years ago! Just hope the party doesn't end soon (I have my own ominous thoughts on these), because WE'VE JUST STARTED HERE! Helloooooooooo.....Next week is Options Expiration week, so we should a slightly upward bias to the DOW (which means we'll probably see an upward bias to the KLSE, too).

I was still stuck in trying to get the Website out. But now all problems have been resolved and I'm looking at Tuesday, 17th January, as the date to launch the site. I'm still building the FREE Options and Forex training courses, and we should be able to see it online by January 22nd 2007. Sorry for the delay, as I realise that there has been a lot of DEMAND for these services. I'm not a technical guy, so it really took some time to understand the Internet thing. On the other hand, distributing these services without the Internet would have been a great NO-NO (I would die of exhaustion, seriously).

Cheers!