Trading volume was disappointing as it only increased slightly in this last week when the market rallies after the rebound. The average daily trading volume last week was 750 million shares and the previous week’s average was 662 million. Average daily trading volume below 1billion shares are considered weak. The market was slightly bullish because of positive leads locally and internationally. Locally, industrial production and export numbers were growing on-month and jobless rate fell. World Bank confidence about having a positive GDP in year 2010 and increasing foreign participation in the local equity market boost confidence further.

Internationally, governments in developed nations are confident that the global economy is improving and Australia is the first G-20 nation to raise key interest rates since the start of the global financial crisis more than a year ago as the government believes that the emergency low rates are no longer needed. In the world’s largest economy, manufacturing increases and jobless claim declines.

Daily FBMKLCI Chart

The US Dollar continues to slide against major currencies, continuing its down trend. This again has pressured prices of commodities to increase. Price of Gold in COMEX continues to make historical highs and is currently at US$1,050 an ounce, increasing 5% in a month. Crude Oil in NYMEX continues to stay around US$70 a barrel. Rubber futures in TOCOM slightly rose month-to­-month but it jumps about 6% last week to JPY$214.80 a kg. However, Crude Palm Oil futures in Europe Store Exchange declined from EUR 2,200 per metric ton a month ago to EUR 2,030.

The FBMKLCI is well supported by the short term trend. The benchmark index continues to stay above the short to long term 30 to 90-day moving averages despite several pullbacks from the uptrend that started in April. A major correction is yet to be seen in this 6 months bullish trend. Momentum indicators are about to turn bullish again after mixed signals in the past few weeks.

The RSI and Momentum indicators are starting to move away from the middle level and the MACD indicator is about to cross above its trigger line or 9-day moving average. ADX indicator has just started to increase again, showing good strength in momentum last week.

The Bollinger Bands started to expand again with the FBMKLCI penetrating the top bands after testing the middle band two weeks ago. The same situation (the expansion) happened exactly a month ago and the FBMKLCI made new highs for the year. Therefore, we may expect the same to happen again and this time the projection is 1,280 points before it finds the next resistance. The average daily trading range is the same as the previous week.

Price Map - Direction Forecast

The immediate support and resistance levels are still at 1,196 points and 1,230 points respectively. The FBMKLCI is currently testing this resistance level for the second time in a month. The market is set to test newer highs because of the strong bullish reversal and breakout. The next resistance level is between 1,280 and 1,300 points. However, if the market fails to make new highs and the FBMKLI falls below the 1,196 points support level, then the next support level it is going to test is at 1,150 points.

Looking ahead, the leading Ichimoku Cloud indicator continues to contract last week and this indicates that the support for the uptrend is getting thinner. Being a leading technical indicator, a major trend reversal is not expected until the cloud bands cross. Therefore, there is still a chance for the market to maintain its uptrend at least for another month.

The market sentiment is still bullish and the FBMKLCI is expected to rise in the short term to the next resistance level between 1,280 and 1,300 points. This is only valid if the benchmark index stays above the immediate 1,196 points support level. In the longer term, a major correction is expected to take place once the index moves into the next resistance level. My price map/direction forecast chart for FBMKLCI remains the same as last month.

Therefore, current opportunity is only good for short term traders who trades short term profits because the market is expected to test new highs but with a limited upside. However, accumulating shares for the long term (3 to 5 years) may be too risky at current levels as prices are way above the long term average. Opportunity for long term accumulation only exists when the market pulls back to its long term average or below it (a 200-day moving average can be used as a benchmark).

So, longer term investors have to patiently wait for a major correction to happen. My longer term

forecast (1 year) for the FBMKLCI when it goes into a major correction is still at 900 points and therefore accumulating shares when the index moves to this level or slightly above provide a better low risk opportunity for longer term investors.

The meltdown resulted in the collapse of several large banking and financial institutions in the United States and Europe due to weakness originating from the mortgage and mortgage backed securities markets.

However in Asia, many were not too worried about the property market due to the regulated control of the banking system by their country National Bank and the well-established and matured property developers.

As a result of planned developments and sale of property, the Asian property market has remained healthy, despite the country’s Gross Domestic Product (GDP) contraction of 6.2 % in the first quarter of 2009.

As an indication of the strength of the property sector, the National Property Information Centre (NAPIC) recorded higher transaction volume of some 4.0% compared with a decline of 17.8 percent in 4th quarter of 2008.

In its study, NAPIC also recorded 79,149 transactions valued at USD 4.701 billion in 1H 2009 with the Residential property sub-sector being the most dominant. Total transaction volumes were 63.8% while total transaction value was 55.1%.

The development of residential property remained promising with upward trends in the completion and starts category but dwindling numbers in new building plan approvals.

Currently, by 1H 2009, the residential property sector recorded an existing supply of 4,230,328 units with and incoming supply of 544,926 units. Planned residential supply is recorded at 669,554 units.

In the demand scenario for the residential sales performances there were lesser units that were launched into the market in the past quarters. However, sales performances during the nine months were between 70% and 85% since the first quarter of 2007.

There were also signs that the Asian property market was affected by global economic and financial crisis but the market has remained healthy overall.

Education        : University of Texas, Austin, 1983–1984

Occupation      : CEO and founder, Dell, Inc.

Net Worth       : Above $12.3 Billion (2009)

Religious         : Judaism

Spouse(s)         : Susan Dell

He’s Michael Dell, the CEO of Dell Computers and one of the greatest entrepreneur of this generation. At 40 years old he’s built one of the most successful companies in the world and he’s one of the world’s youngest billionaires. The company has grown to $32 billion in 18 years. In fact, great leadership is what makes him so highly successful, not technical brain. He was at number 18 on the Forbes’s list of richest people in 2002 and 2004 respectively; while in 2003 he was on 24.

The PC business is full of rags-to-riches stories. But perhaps none is as dramatic as the rise of Dell Computer. He started off his company from his room at the University of Texas with less than $1,000. After being one year at University, he dropped out as his part-time computer business took off.

He was born on February 23, 1965. In 1984, the 19-year-old Michael Dell had a simple idea. Why not sell custom-made computers directly to customers? At the time, computer manufacturers sold their machines wholesale to retailers, who marked up the price for consumers. With about $1,000 and an unprecedented idea in the PC industry, Dell found a way to bypass the middleman and sell custom-built PCs directly to customers. Dell assembled computers from cheap surplus parts, and then created the machines to the specifications of his customers.

What makes Dell Computer unique is not what it sells, but rather how it sells it. Dell was first in the PC industry to pioneer the direct-selling model, a method that competitors such as Compaq and Apple Computer are only now starting to embrace. By cutting out the intermediary and creating a direct link between manufacturer and customer, Dell was able to provide customers with computers that cost less and that were more apt to meet customer needs. Prior to this there was absolutely no aspect of customization of the PC. Buying computer invariably involved the presence of a middleman. He also pioneered the industry’s first service and support programs.

Twenty-one years later, the simple idea is considered a revolution in the technology world, and it still working. Dell’s still doing essentially the same made-to-order computers directly to customers but on a scale that now brings in $18 billion a year and employs 25,000 people. Dell’s breathtaking success made him, at age 27 the youngest CEO of a Fortune 500 company in history, and Fortune magazine named his company one of the most admired firms in America, following General Electric, Coca-Cola, and Microsoft. Dell has offices in over 34 countries and a presence in more than 170 countries. The company’s business clientele includes almost all the companies in the Fortune 500.The company manufactures its PCs in six locations: Texas, Tennessee, Brazil, Ireland, Malaysia, and China.

The next frontier for Dell has been the Web and once again the computer giant seems to be holding its place as a leader in the PC industry. Dell is acknowledged as the largest online commercial seller of computer systems, with $50 million per day in online sales. The value of Dell’s stock is reported to have risen almost 70,000 per cent over the past decade.

It’s important to point out that Michael Dell’s parents wanted him to stop playing with computers in college and get into medical school. But Michael Dell followed a different path. He is today credited for inspiring millions of entrepreneurs to pursue their dream of creating new innovation and not simply do what you are told to do. It’s important that we listen to ourselves and follow the path that we desire. People around us have great intentions, but many times they don’t understand the life and goals of the entrepreneur. Believe in yourself.

There are two key reasons for his continuing success. Dell Corp. is renowned for its ability to drive down prices. The products are affordable because of the company’s hold over their vendors. The other reason is that Dell has been able to leverage the power of the Internet to great advantage. Dell is the largest supplier of PCs over the Internet. He is an IT governor of the World Economic Forum and is a member of the U.S. Business Council. He is also a member of the Computer Systems Policy Project, serves on the U.S. President’s Council of Advisors on Science and Technology. Dell has been honored many times for his extraordinary leadership capabilities, earning the titles of “Entrepreneur of the Year” from Inc. magazine, and “Man of the Year” by PC magazine. He constantly heads the list of the world’s youngest billionaires.

Michael Dell can be painfully shy, but that doesn’t mean he isn’t charismatic. Rarely has a bad word been uttered about his personality. As ‘a visionary, leader, entrepreneur, boss, person, and manager, Michael gets nothing but praise. For good reason too; he proved that a college dropout can fulfill his dreams and succeed. Our advice though, is that unless you have visions of grandeur where you want to build a multi-billion dollar company, stay in school.

Michael Dell explained his secrets of success in an entrepreneurs’ conference in Texas, when he said “First of all, don’t start a business just because everybody else is doing it or it looks like it’s a way to make a lot of money. Start a business because you found something you really love doing and have a passion for Start a business because you found something unique that you can do betty’ than anyone else. And start a business because you really want to make a big contribution to society over a long period of time.”

Died     : April 7, 1947 (aged 83) in Fair Lane, Dearborn, Michigan, U.S.

Occupation      : Business, Engineering

Net Worth       : above $188.1 billion, according to Wealthy historical figures 2008, based on information from Forbes – February 2008.

Religious         : Protestant Episcopal

Spouse(s)         : Clara Jane Bryant

Children          : Edsel Ford

One of the greatest discoveries a man makes, one of his great surprises, is to find he can do what he was afraid he couldn’t do. And, before everything else, getting toady is the secret of success. Driven by a vision of a new technology, rejecting Formal education, and instead trusting in his native brilliance, he built an empire that made him a folk hero of sorts. A popular symbol of the new era that his ingenuity had helped creates Henry Ford to revere more than Bill Gates.

Henry Ford was born in July 30, 1863 in Wayne County, Michigan. He was the son of Irish immigrants, William and Mary Ford, who had settled on a farm in Dearborn. In addition to helping his father with the harvest, Ford also attended school in a one-room schoolhouse. However, Ford disliked both school and farm life, and at age 16, he walked to Detroit in search of employment.

If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability. So, Ford was employed as an apprentice in a machine shop, where he learned about the internal combustion engine. After several years of learning his trade, Ford returned to the family farm and worked part-time for the Westinghouse Engine Company. Ford set up a small machine shop on the farm and began tinkering with engines and machines.

During this time, Ford fell in love with Clara Bryant, whom he married in 1888. Several years later in 1891, Ford and his wife moved back to Detroit when Ford was made chief engineer at the Edison Illuminating Company in Detroit. (Edison became close friend with Henry Ford and the two often vacationed together mid had adjoining winter homes in Florida.) The position required Ford to be on- tall 24 hours a day, but the irregular hours allowed him time to experiment. This event signified a conscious decision on Ford’s part to dedicate his life to industrial pursuits. His promotion to Chief Engineer in 1893 gave him enough time and money to devote attention to his personal experiments on internal combustion engines.

Ford knew a business that makes nothing but money is a poor business. These experiments culminated in 1896 with the completion of own self-propelled vehicle, the Quadricycle. The Quadricycle had four wire wheels that looked like heavy bicycle wheels, was steered with a tiller like a boat, and had only two forward speeds with no reverse.

Henry Ford realized his dream of producing an automobile that was reasonably priced, reliable, and efficient with the introduction of the Model T in 1908. This vehicle initiated a new era in personal transportation. It was easy to operate, maintain, and handle on rough roads, and it immediately became a huge success initially it took 14 hours to assemble a Model T car. By improving his mass production methods, Ford reduced this to 1 hour 33 minutes. This lowered the, overall cost of each car and enabled Ford to undercut the price of other cars in the market.

Between 1908 and 1916 the selling price of the Model T fell from $1,000 to $360.Through it all, the key to Ford’s success, was his right understanding that the health of his company rested on  consumers spending, not saving, their money. “Buy a Ford and Spend the Difference!” was the slogan Ford himself penned to sell the Model T.

In 1913, Ford began using standardized interchangeable parts and assembly line techniques in his plant. Although Ford neither originated nor was the first to employ such practices, he was chiefly responsible for their general adoption and for the consequent great expansion of American industry and the raising of the American standard of living. The introduction of the moving assembly line revolutionized automobile production by significantly reducing assembly time per vehicle, thus lowering costs. Ford’s production of Model Is made his company the largest automobile manufacturer in the world. Over the next 19 years, Ford built 15,000,000 automobiles with the Model “T” engine, the longest run of any single model apart from the Volkswagen Beetle.

During the next several years, Ford continued to fine-tune his passenger vehicles; In addition, he built racing cars and even drove them himself. However, Ford’s successes were not without problems. Soon after the incorporation of the Ford Motor Company, Ford was threatened by the Association of Licensed Automobile Manufacturers. Ford often said that when everything seems to be going against you, remember that the airplane takes off against the wind, not with it. After years of legal battles, Ford won his case in 1911, which made it possible for more people to become automobile manufacturers.

Ford was able to market the Model T to the general public because of his advanced production technology. As a result, more automobiles were made available at a lower cost. Ford also instituted the $5.00 a day minimum wage, which he claimed increased productivity. The quote that “Coming together is a beginning; keeping together is progress; working together is success,” is attributed to Ford.

He handed over the presidency to his grandson, Henry Ford II. Ford died at his home on April 7, 1947. Although Ford was not the first to build a self-propelled vehicle with a gasoline engine, he was, however, one of several automotive pioneers who helped his country become a nation of motorists. Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young.

Height : 6 ft 1 in (1.85 m)

Weight: 185 lb (84 kg; 13.2 st)

Nationality      : United States Residence Windermere, Florida

Spouse             : Elin Nordegren

Children          : Sam Alexis (2007) & Charlie Axel (2009)

Eldrick “Tiger” Woods is considered one of the greatest golfers of all time. In 2005, at the age of 29, he reached the milestones of ten professional major gold championships, placing him third on the all time list behind Jack Nicklaus and Walter Hagen. On December 30, 2004, when he celebrated his 28t” birthday, he had accumulated 40 million dollars in his nine-year PGA career.

By comparison, Jack Nicklaus, also known as “The golden bear” and a major force in professional golf from the 1960s to the mid 1990s, won only 5.7 million dollars.

The PGA Championship is an annual golf tournament, conducted by the Professional Golf Association of America as part of the PGA tour. The PGA Championships is one of the four Major Championships in men’s golf, and it is the golf season’s final major, being played in August.

Tiger Woods was born on December 30,1975 in Cypress, California. His father, Earl Woods, is a Vietnam War veteran of mixed African American and Native American ancestry. He is now chairman of his son’s charitable Tiger Woods Foundation. Woods’ mother Kultida Woods is originally from Thailand, and has mixed Thai and Chinese ancestry. He was given the nickname Tiger at birth after a Vietnamese war comrade of his father’s and became generally known by that name. By the time he was achieving national prominence in amateur gold, he was always called Tiger Woods.

Woods was a child prodigy who began to play golf at a very young age. While still a small child, he demonstrated his golf skills in a television appearance with Mike Douglas, an American entertainer. He took an interest in golf, at age of six months, watching as his father hit golf balls into a net and imitating his swing. He shot 48 for nine holes at age 3 and was featured in Gold Digest at age 5. He won the Optimist International Junior tournament six times at ages 8, 9, 12, 13, 14 and 15.

In 1984, when he was only eight years, he won the 9-10 year-old boys’ event at the Junior Wolf Golf. He went on to win the U.S. Junior amateur title in 1991, 1992 and 1993. He remains the youngest ever winner and the only multiple winner.

He followed this with three consecutive U.S. Amateur win in 1994. It was the year he graduated high school and became the youngest man ever to win that event. Hi His five USGA championships before age 20 qualify him for consideration as the greatest golfer of all time under age 20.

He attended Stanford University and won one NCAA individual championship, Woods decided to leave Stanford after two years because he believed he was ready to succeed as a professional, and became one in 1996, playing his first found of professional golf at the Greater Milwaukee Open (GMO). He won two events in the three months of the 1996 season that he played as professional. I hi following April he won The Masters by a record margin of 12 shots, and he has been by far the highest profile golfer in the world since then. (The Masters is one of four major championships in men’s golf and the first to take place each pm Unlike the other major championships, the Masters is held every year at the same location, Augusta National Golf Club, a private golf club in Georgia, USA.)

In 1997, Woods went to number one in the Official World Golf Ranking for the first time. Despite suggestions that the other players would only be competing for second place from now on, Woods’ form began to fade in the second half of 1997, and in 1998 he only won once on the PGA Tour. At this time he was working on modifications to his swing to adapt to the maturation of his physique. He won seven out of eleven major championships starting with the 1999 PGA championships and finishing with 2002 United States Open.

His 2001 Masters win marked the only time anyone had ever won four consecutive majors, a feat which became known as the Tiger Slam. He broke Old Tom Morris’ record for the largest victory margin ever in a major championship, which had stood since 1862, with his 15-shot win in the 2000 U.S. Open. His dominance was such that Woods won 52 percent of all the prize money he could have won. He won 81.7 percent more than the runner-up, the highest margin since Byron Nelson in 1945 (87.2 percent) and Hogan in 1946 (85 percent). He was the first to have as many as eight PGA TOUR victories in one year since Johnny Miller won eight in 1974.

Tiger always believed that he was the toughest golf player mentally.”A great way to improve your feel is to putt with your eyes closed. After each putt, (to hit a golf ball with a light stroke) try to guess how far the ball rolled. This is the best drill for distance control I know of,” he said. His mother said, Tiger would not be so good if he did not have the fire. I think I gave him the fire.”

Woods skills may have been encouraged by his golf-enthusiast father, but he believes much comes from his Thai side.”Buddhism has been a major role in my life,” he told journalists.”It has given me inner peace and calmness. I owe that to my mom.” What does being half-Thai means to him? “It means a lot, it is the other half of me,” he says. So, if you want to achieve fame in any game, you should always let the fire of ambition burn in you like Tiger Woods did.