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tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com1tag:blogger.com,1999:blog-7858114920251874542.post-3235459752217898382012-11-15T21:35:00.000-08:002012-11-15T22:56:51.177-08:00Diabetes Awareness Day<img height="440" src="http://sphotos-g.ak.fbcdn.net/hphotos-ak-snc7/295790_10151128766796769_1750118863_n.png" width="640" />tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-8850094487877021332012-11-15T18:20:00.000-08:002012-11-15T22:56:51.190-08:00Sydney Day 4<span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><a href="http://3.bp.blogspot.com/-FFQVAFVoSIQ/UKWf9-IjwpI/AAAAAAAAMhI/YTPJUOYVdpY/s1600/s54.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="http://2.bp.blogspot.com/-de3rf2e3z_g/UKWf_iRZ_SI/AAAAAAAAMhU/AqdK9e3ITFk/s1600/s55.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://2.bp.blogspot.com/-de3rf2e3z_g/UKWf_iRZ_SI/AAAAAAAAMhU/AqdK9e3ITFk/s400/s55.jpg" width="400" /></span></a></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: Verdana, sans-serif;">Going further down, you get a wonderful bakery, a snazzy Northern Indian restaurant etc... its all fun stuff walking and and down the street on the beach.</span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Verdana, sans-serif;">Staying near the beach is very cool, you get to enjoy the life as beach bums. Wake up late or early, stumble down to the beach area for breakfast and read the papers, watch the pretty people go past. Whether its Coogee, Bronte, Bondi or Manly beaches, its the same drift. The shops are all a lot of fun and presents great variety.</span></div><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-YBD25RGw3l8/UKWf4rZcSFI/AAAAAAAAMg0/VErD_nphXxM/s1600/s51.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://3.bp.blogspot.com/-YBD25RGw3l8/UKWf4rZcSFI/AAAAAAAAMg0/VErD_nphXxM/s400/s51.jpg" width="400" /></span></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Its only about 100 meters but its exciting kind of shops. Here you have a bottler (liquor retail store), a surf shop and SushiGOI, a popular sushi place much like Sakae Sushi.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><a href="http://2.bp.blogspot.com/-n5e125JnZTs/UKWf6R29FjI/AAAAAAAAMg4/OXLEgsqO5E8/s1600/s52.jpg" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em; text-align: center;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://2.bp.blogspot.com/-n5e125JnZTs/UKWf6R29FjI/AAAAAAAAMg4/OXLEgsqO5E8/s400/s52.jpg" width="400" /></span></a><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Next to it you have a cafe, and another cafe and then the very fresh Coogee Fish shop, great fish and chips. I kinda counted that there were no less than 16 cafes in that 100 meters.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-jDLtHDr93Fo/UKWf8OL3dAI/AAAAAAAAMhE/1aYXBgIH_LA/s1600/s53.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://3.bp.blogspot.com/-jDLtHDr93Fo/UKWf8OL3dAI/AAAAAAAAMhE/1aYXBgIH_LA/s400/s53.jpg" width="400" /></span></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: left;"><span style="font-family: Verdana, sans-serif;">My morning comfort food in Sydney, bacon and crispy bacon roll.</span></div><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-FFQVAFVoSIQ/UKWf9-IjwpI/AAAAAAAAMhI/YTPJUOYVdpY/s1600/s54.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://3.bp.blogspot.com/-FFQVAFVoSIQ/UKWf9-IjwpI/AAAAAAAAMhI/YTPJUOYVdpY/s400/s54.jpg" width="400" /></span></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Well, its not ever going to be a touristy type of travel blog since I have been here for a long time and lived and studied here for over 10 years. Hence you are not getting the Opera House, Taronga Zoo stuff. But the Harbour Bridge is very cool, this is a video of me driving over it. Visitors without any fear of heights should do the Harbour Bridge climb.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/ZWs0-mL55Lo" width="560"></iframe><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">I do a lot of country side driving when I am in Sydney. You can fit the entire Europe map into Australia, its a huge place. The country side is a lot more soothing. Drove to Gosford, another hour's drive from Sydney. Relaxing and wonderful weather to boot. Yes, they happened to be having races there yesterday, up close and personal with the horsies as well.</span><br /><span style="font-family: Verdana, sans-serif;"><iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/Zks8WR3akxA" width="560"></iframe><br /></span><span style="font-family: Verdana, sans-serif;"><iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/bQYwfUWs-mA" width="560"></iframe><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">The very relaxing drive down to Gosford ...</span><br /><br /><iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/7ImuegLdB0k" width="560"></iframe> <br /><br />tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-7153551878218594352012-11-14T02:41:00.000-08:002012-11-15T22:56:51.202-08:00Sydney Day 3<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-VO14PTP39eg/UKNxnq0xh8I/AAAAAAAAMe0/jfQxf-jdlu0/s1600/s42.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="300" src="http://3.bp.blogspot.com/-VO14PTP39eg/UKNxnq0xh8I/AAAAAAAAMe0/jfQxf-jdlu0/s400/s42.jpg" width="400" /></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Its the third day, taking things slow now. Woke up late, decided to drive to Hawkesbury Turf Club which was having its race day today. Its about 65km away and a nice leisurely drive through the suburbs. </span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><a href="http://4.bp.blogspot.com/-swY3lazthEc/UKNxpxAZqNI/AAAAAAAAMe8/lGQNx6vOX8Q/s1600/s43.jpg" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em; text-align: center;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-swY3lazthEc/UKNxpxAZqNI/AAAAAAAAMe8/lGQNx6vOX8Q/s400/s43.jpg" width="400" /></span></a><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">In Malaysia there are just 3 turf clubs. Two in HK. In the state of NSW alone, there are 4 city tracks (bigger races, Canterbury, Rosehill, Randwick and Warwick Farm) and 4 provincial tracks (Illawara, Hawkesbury, Newcastle, Gosford). They really love their racing in Australia. Now multiply that with the other states, thats why you have horse racing everyday, plus greyhounds and harness (trotting).</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Its very nice to drive to a provincial track, the people are very laid back, everyone comes dressed casual, drink lots of beer and wine and families wander around the track having picnics. Plus you get to see real horses racing and you can have a bet as well. You get to see more country folks at provincial tracks and its kinda nice.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-8O4OWq_0jnA/UKNxlmsbDWI/AAAAAAAAMes/LpxuoY2tllw/s1600/s41.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://2.bp.blogspot.com/-8O4OWq_0jnA/UKNxlmsbDWI/AAAAAAAAMes/LpxuoY2tllw/s400/s41.jpg" width="400" /></span></a></div><br /><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Prior to that, headed to Marrickville (about 25 minutes from the city, an enclave of Aussies from Vietnam) to get my fill of <i>pho</i>. They do this very nicely thanks to great tasting OZ beef. Side note, OZ chicken dishes are tasteless, take anything with chicken its tasteless due to the "healthy feed" for the chicken.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-S8Sr3kQ3oqA/UKNxz50TSYI/AAAAAAAAMfc/-CSGw2t6WJo/s1600/s47.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-S8Sr3kQ3oqA/UKNxz50TSYI/AAAAAAAAMfc/-CSGw2t6WJo/s400/s47.jpg" width="400" /></span></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">If you visit Sydney, you will inevitably visit Star City, the casino. There are plenty of good places to eat there. The hard to book a seat, Momofuku is here. Failing that, you should at least try the Messina gelato, unbelievably good.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-wUpKFkYYN-c/UKNx2uNks6I/AAAAAAAAMfk/ATVf9MmnX0U/s1600/s48.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-wUpKFkYYN-c/UKNx2uNks6I/AAAAAAAAMfk/ATVf9MmnX0U/s400/s48.jpg" width="400" /></span></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">The famed patisserie Adriano Zumbo is here as well. His shop is quirky, he has revolving small desserts much like the sushi revolving thing that you can pick and eat.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-wl8ki098P0E/UKNxtj7f3eI/AAAAAAAAMfE/zIAJne-w6IA/s1600/s44.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-wl8ki098P0E/UKNxtj7f3eI/AAAAAAAAMfE/zIAJne-w6IA/s400/s44.jpg" width="400" /></span></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-dvvgrotLdug/UKNxw14OVvI/AAAAAAAAMfM/VSFQxdkgLhg/s1600/s45.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-dvvgrotLdug/UKNxw14OVvI/AAAAAAAAMfM/VSFQxdkgLhg/s400/s45.jpg" width="400" /></span></a></div><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Possibly catching Legally Blonde the musical sometime later in the week.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-O8oR44tMGm0/UKNxysw2PrI/AAAAAAAAMfU/3kY0NXpgezg/s1600/s46.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://2.bp.blogspot.com/-O8oR44tMGm0/UKNxysw2PrI/AAAAAAAAMfU/3kY0NXpgezg/s400/s46.jpg" width="400" /></span></a></div><br /><br /><br />tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-28831261817026906152012-11-13T08:09:00.000-08:002012-11-15T22:56:51.214-08:00Sydney Day 2<a href="http://2.bp.blogspot.com/-G-6x3EkuTT4/UKJsorEx6XI/AAAAAAAAMc0/lzxVBh15Tjk/s1600/s28.jpg" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" height="400" src="http://2.bp.blogspot.com/-G-6x3EkuTT4/UKJsorEx6XI/AAAAAAAAMc0/lzxVBh15Tjk/s400/s28.jpg" width="300" /></a><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Gee, this travel blogging is not exactly a lot of fun. Had to send photos from my I-phone (which does not take sufficiently good photos like the new Samsung phone) to my email before I could post about it. The first photo is the beautiful QVB, wonderfully restored by Ipoh Gardens, a fact not known by many people.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-c62A1YaT4Q8/UKJsrNoREbI/AAAAAAAAMc8/iymscatNKLQ/s1600/s29.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://2.bp.blogspot.com/-c62A1YaT4Q8/UKJsrNoREbI/AAAAAAAAMc8/iymscatNKLQ/s400/s29.jpg" width="400" /></span></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">The 3 levels huge Apple store on George Street, eternally packed. No, I did not buy the new mini I-pad. Tempted though.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-7-OvO-xcSR8/UKJstC-4N8I/AAAAAAAAMdE/nnhZpPBzz_Q/s1600/s30.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="400" src="http://2.bp.blogspot.com/-7-OvO-xcSR8/UKJstC-4N8I/AAAAAAAAMdE/nnhZpPBzz_Q/s400/s30.jpg" width="300" /></span></a></div><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Anyway, tried to do all my shopping needs in one afternoon. </span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-6j1D6eSaIkw/UKJsvuByhFI/AAAAAAAAMdM/6TYGzf0clIU/s1600/s31.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-6j1D6eSaIkw/UKJsvuByhFI/AAAAAAAAMdM/6TYGzf0clIU/s400/s31.jpg" width="400" /></span></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Another mega store, Louis Vuitton, thankfully, no need to buy anything there for anybody (gulp).</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">The ravishingly beautiful and large Zara store.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">So what did I buy? Stuff I couldn't get back home. Bought tons of stuff from Dymocks Bookstore.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-CiF7BCSArFg/UKJsZqvIAGI/AAAAAAAAMcE/MB0fkVTSrP4/s1600/s21.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="480" src="http://4.bp.blogspot.com/-CiF7BCSArFg/UKJsZqvIAGI/AAAAAAAAMcE/MB0fkVTSrP4/s640/s21.jpg" width="640" /></span></a><a href="http://4.bp.blogspot.com/-CiF7BCSArFg/UKJsZqvIAGI/AAAAAAAAMcE/MB0fkVTSrP4/s1600/s21.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><br /></span></a><a href="http://4.bp.blogspot.com/-CiF7BCSArFg/UKJsZqvIAGI/AAAAAAAAMcE/MB0fkVTSrP4/s1600/s21.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><br /></span></a><a href="http://4.bp.blogspot.com/-CiF7BCSArFg/UKJsZqvIAGI/AAAAAAAAMcE/MB0fkVTSrP4/s1600/s21.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><br /></span></a><a href="http://4.bp.blogspot.com/-CiF7BCSArFg/UKJsZqvIAGI/AAAAAAAAMcE/MB0fkVTSrP4/s1600/s21.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><br /></span></a></div><span style="font-family: Verdana, sans-serif;"> This one even our wonderful piracy industry did not put it in their list. Its probably the funniest series made in recent times. So glad to snare these two DVDs.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><a href="http://1.bp.blogspot.com/-YoBxvdbNYgc/UKJsb2OsCXI/AAAAAAAAMcM/EFjdOF29dKQ/s1600/s22.jpg" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em; text-align: center;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://1.bp.blogspot.com/-YoBxvdbNYgc/UKJsb2OsCXI/AAAAAAAAMcM/EFjdOF29dKQ/s400/s22.jpg" width="400" /></span></a><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Yes, I have a strong penchant for horse racing and horse racing personalities and stories. More wonderful books to add to my reading list.</span><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-AKEs4RgM6dQ/UKJseyx0RlI/AAAAAAAAMcU/x_lJhN_86is/s1600/s24.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://1.bp.blogspot.com/-AKEs4RgM6dQ/UKJseyx0RlI/AAAAAAAAMcU/x_lJhN_86is/s400/s24.jpg" width="400" /></span></a></div><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Went to my usual pizza parlour, as long as they made a decent pizza, I always have my own alacarte order: tomato paste, cheese, pineapples, garlic, chilli oil and anchovies ... mamma mia!!!</span><br /><div class="separator" style="clear: both; text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-0-B6LlObreY/UKJsiAzD6HI/AAAAAAAAMcc/OEfTm2wS1Lo/s1600/s25.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-0-B6LlObreY/UKJsiAzD6HI/AAAAAAAAMcc/OEfTm2wS1Lo/s400/s25.jpg" width="400" /></span></a></div><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Took my pizza to Watson's Bay or better known as The Gap. There had been too many suicide attempts in the past that they had to put up fences and signs like this around the place.</span><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-3NIV1XM7otM/UKJskHpJTdI/AAAAAAAAMck/mzmYhpIb6iQ/s1600/s26.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://2.bp.blogspot.com/-3NIV1XM7otM/UKJskHpJTdI/AAAAAAAAMck/mzmYhpIb6iQ/s400/s26.jpg" width="400" /></span></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-tXarwBNurjQ/UKJsml6UbeI/AAAAAAAAMcs/lmku7WaHyas/s1600/s27.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-tXarwBNurjQ/UKJsml6UbeI/AAAAAAAAMcs/lmku7WaHyas/s400/s27.jpg" width="400" /></span></a></div><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Anyone who was an overseas student in Sydney for the past 30 years would have eaten at this place in Chinatown. Its called Minh Hai and they serve this huge crispy grilled maryland chicken with rice, sauce and soup. Nostalgia food.</span><br /><span style="font-family: Verdana, sans-serif;"> </span><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-hY-YxRGABfQ/UKJsxu59KUI/AAAAAAAAMdU/8885GAvPUco/s1600/s33.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="400" src="http://2.bp.blogspot.com/-hY-YxRGABfQ/UKJsxu59KUI/AAAAAAAAMdU/8885GAvPUco/s400/s33.jpg" width="300" /></span></a></div><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Towards the evening, ended at the only casino game I willingly play, Texas Holdem. At least we do not lost to the casino (they just take a cut of the pool) but to one another. Thats my table. Did OK, left after 3 hours, tired already. Yes, the table had 7 Asians and one gwailo.</span><br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-DbJIVI-xrlg/UKJszF7sPiI/AAAAAAAAMdc/CIqFpYeS_38/s1600/s34.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="400" src="http://2.bp.blogspot.com/-DbJIVI-xrlg/UKJszF7sPiI/AAAAAAAAMdc/CIqFpYeS_38/s400/s34.jpg" width="300" /></a></div><br /><div><br /></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-52668121066746971172012-11-11T22:58:00.000-08:002012-11-15T22:56:51.229-08:00Sydney Day 1 (Morning/Noon)<a href="http://4.bp.blogspot.com/-NnUhp_8ZVVU/UKCbr3dLtxI/AAAAAAAAMZw/n6mCGA5vw8U/s1600/s1.jpg" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" height="240" src="http://4.bp.blogspot.com/-NnUhp_8ZVVU/UKCbr3dLtxI/AAAAAAAAMZw/n6mCGA5vw8U/s320/s1.jpg" width="320" /></a><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Great smooth flight, nary a hitch, the winds were behind us all the way we made the trip in 6 hr 50 min instead of 8 hr, amazing. Taxi cab flag fall was at A$3.80 (RM12.50) and the 12km trip to Kings Cross cost A$52 (RM165). Nice...</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><a href="http://2.bp.blogspot.com/-AXitxxVW138/UKCbtpBpThI/AAAAAAAAMZ4/0EqMCmn-vw4/s1600/s2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://2.bp.blogspot.com/-AXitxxVW138/UKCbtpBpThI/AAAAAAAAMZ4/0EqMCmn-vw4/s400/s2.jpg" width="400" /></span></a><span style="font-family: Verdana, sans-serif;"><br /></span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Now time to pick up my car rental. If you plan to drive, you should anyway, its brilliant and you cannot get a better deal than Bayswater Car Rental, the one with the "No Birds" tagline. Don't ask why they have that tagline. All in it only cost A$33 odd per day inclusive of insurance.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-rH6L90BPFpc/UKCbv2cSD9I/AAAAAAAAMaA/IcuEk8H8PMM/s1600/s3.jpf" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="400" src="http://1.bp.blogspot.com/-rH6L90BPFpc/UKCbv2cSD9I/AAAAAAAAMaA/IcuEk8H8PMM/s400/s3.jpg" width="300" /></span></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">The guy at the front desk was from Thailand, we chatted about Thai politics, and then gave me a really good deal. The car I have had JUST 12km on it, ... it came in yesterday. Now I know what its like to be a high ranking UMNO-putra seeking out corporate deals from Ministry of Finance and EPU.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-UdP7qT8o3vw/UKCbyU3CBBI/AAAAAAAAMaI/NL1HHp9v-XI/s1600/s4.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-UdP7qT8o3vw/UKCbyU3CBBI/AAAAAAAAMaI/NL1HHp9v-XI/s400/s4.jpg" width="400" /></span></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Landed a bit too early to check in the hotel, so grabbed a hot ham and cheese croissant from Infinity Bakery @ Darlinghurst, plus a flat white and headed for Centennial Park, should be sparse this early in the morning. What better way to enjoy breakie than with the animals and fauna.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-f99qlEVDOg4/UKCbz7jLgHI/AAAAAAAAMaQ/b64U3CsQHxc/s1600/s5.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="240" src="http://2.bp.blogspot.com/-f99qlEVDOg4/UKCbz7jLgHI/AAAAAAAAMaQ/b64U3CsQHxc/s320/s5.jpg" width="320" /></span></a></div><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /><br /><br />Some friends commented why go to Sydney during summer ... well cause the weather's perfect, December/Jan are the worst months. Nov is still good, landed in the morning with 18C, sun shining bright, no sweating 24C in afternoon .... dipping to 18C by 6pm and probably 14C come midnight.</span><span style="font-family: Verdana, sans-serif;"><br /></span><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-E5VT1pln7wI/UKCb1wkRbII/AAAAAAAAMaY/G_aro0yXOpY/s1600/s6.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="240" src="http://2.bp.blogspot.com/-E5VT1pln7wI/UKCb1wkRbII/AAAAAAAAMaY/G_aro0yXOpY/s320/s6.jpg" width="320" /></span></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-QeP1hJbEH5w/UKCb3lmekyI/AAAAAAAAMag/asGzaWi3DFU/s1600/s8.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="240" src="http://4.bp.blogspot.com/-QeP1hJbEH5w/UKCb3lmekyI/AAAAAAAAMag/asGzaWi3DFU/s320/s8.jpg" width="320" /></span></a></div><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Finally checked in, many wondered why I did not stay in the city. Its silly to stay in the city, parking is horrendous, probably cost you A$80 a day. I am staying at Coogee, Crowne Plaza, have a look at the view from my room, the you'd understand why. Anyway, its just 20 minutes from the city.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-edLwd6Qr4uI/UKCb8KrZ1YI/AAAAAAAAMao/EEEBotnJPkg/s1600/s9.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="640" src="http://3.bp.blogspot.com/-edLwd6Qr4uI/UKCb8KrZ1YI/AAAAAAAAMao/EEEBotnJPkg/s640/s9.jpg" width="480" /></span></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-0GOBdqEfiJc/UKCcCGU6AdI/AAAAAAAAMaw/hVOgCyaAzmM/s1600/s10.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="480" src="http://1.bp.blogspot.com/-0GOBdqEfiJc/UKCcCGU6AdI/AAAAAAAAMaw/hVOgCyaAzmM/s640/s10.jpg" width="640" /></span></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-yWEKTA0AUjE/UKCcH7J1B8I/AAAAAAAAMa4/gf2609XJA5o/s1600/s11.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="480" src="http://4.bp.blogspot.com/-yWEKTA0AUjE/UKCcH7J1B8I/AAAAAAAAMa4/gf2609XJA5o/s640/s11.jpg" width="640" /></a></div><br /><div><br /></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-68145826334944690702012-11-11T06:30:00.000-08:002012-11-15T22:56:51.240-08:00Sydney Confidential<span style="font-family: Verdana, sans-serif;">I will be making a quick trip to Sydney, flying off tonight. It was kinda last minute as I had not planned to do so. However, my closest auntie just had a minor operation so I thought it was best to make the trip with the stretch of holidays this coming week. </span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">I used to go to Sydney every year but haven't been doing so as my last trip was some 3 years ago. The majority of my relatives are in Sydney and most do come back to visit anyway. </span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Another reason to get away was that I can sense too many things happening around me all at once, most of them good stuff. Its good to get away and stand back and refresh, to look at things anew. Things couldn't be better at Murasaki ts, while its hectic, and while waiting for the office to be fully renovated, its my last chance to get away for sometime as I will be pouring myself back into the mix later on.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">I thought I will try to do a travel blog for the next 7 days for this trip, see whether I can cut it as a travel blogger for a change. I kinda know Sydney very well as I was driving a taxi during my university days, all in I studied and worked there for almost 10 years. </span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-JTA4drk36To/UJ9c02u4bfI/AAAAAAAAMYc/BprRoO2heDs/s1600/trav.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="300" src="http://4.bp.blogspot.com/-JTA4drk36To/UJ9c02u4bfI/AAAAAAAAMYc/BprRoO2heDs/s400/trav.JPG" width="400" /></span></a></div><span style="font-family: Verdana, sans-serif;">Yes, the first question everyone ask when I say that is why did I come back. I was too young and while I love Sydney, its not my backyard. I like the transparent and incisive newspapers, but most of the news articles were not about the people I really cared about. Maybe in my naive ways, I wanted to see what I can do for my country. </span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">Realistically, the bulk of the businesses in developed countries like Australia belonged to the big corporations. It is not entrepreneurial enough. In Malaysia, you can come up with a good idea and find funding relatively easily. Heck, you may even get to have an appointment with the CEO of most top 100 companies in Malaysia after just one or two layers of contact and networking, something you cannot possibly dream of doing in Australia.</span><br /><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">So, in my rush, I packed packs of<i> heong paeng</i> (from Ipoh) and two packs of freshly ground almond powder. Its my second time bringing over the powder, I always like the look on the faces of the Customs and Immigration officers when I show them the packets of powder, so blatant, looking so much like cocaine...lol.</span><br /><br />tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-46660141920950499462012-11-10T23:19:00.000-08:002012-11-15T22:56:51.251-08:00Why AES Should Be Halted<br /><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">Getting to the Bottom of the Automatic Enrichment Scandal (AES)<o:p></o:p></span></div><div class="MsoNormal"><b><span style="line-height: 115%;"><span style="font-family: Verdana, sans-serif;">by Koon Yew Yin<o:p></o:p></span></span></b></div><div class="MsoNormal"><b><span style="line-height: 115%;"><span style="font-family: Verdana, sans-serif;"><br /></span></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">Slowly but surely, the ugly side of the AES is emerging and revealing itself to be yet another scam of the Barisan regime. This one aimed at enrichment of a small group has been cleverly camouflaged in the name of public interest. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">Fortunately, this time around the scope for undeserved enrichment is so overwhelming and the disregard for prudent principles of transparency and accountability so obvious that even some UMNO leaders are protesting. These late protestors from Barisan are way behind the curve on the issue and are jumping on the bandwagon of opposition political and public protest to prevent damage to their own election prospects but it is an indicator of how unacceptable the current AES proposal is. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">I predict that the AES will be dead in the water before long. But it is important that any suspension or abandonment of the system does not prevent the authorities and the public from having a full and open inquiry on how this particular scam has managed to get through all the responsible authorities, including the cabinet at the highest level. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">Such an inquiry is necessary to ensure that the full truth comes out, lessons are learnt and an appropriate speed deterrent system is implemented – a system that is not riddled with weaknesses and drawbacks, and does not enrich a few at the expense of the public. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><b><span style="line-height: 115%;"><span style="font-family: Verdana, sans-serif;">Who are responsible for the debacle? <o:p></o:p></span></span></b></div><div class="MsoNormal"><b><span style="line-height: 115%;"><span style="font-family: Verdana, sans-serif;"><br /></span></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">Poor Minster of Transport, Kong Cho Ha must be having sleepless nights trying to defend the indefensible. And he must be kicking himself for foolishly putting his job on the line in repeatedly pushing for the implementation of the system. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">It is likely that Kong will be made the scapegoat for this debacle. But let us not forget that this scam was cooked up some time ago. Various other crooks, sorry - slip of the finger, I mean cooks – as yet unnamed – were involved in the preparation of this billion dollar dish. According to federal estimates for the budget year 2013, the government expects an additional RM1.02 billion in revenue from AES enforcement – all this coming from the Malaysian road user. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">The origins of the outsourcing of speed cameras and speeding tickets go back to the Abdullah Badawi administration – possibly during Dr. Ling Liong Sik’s time as Minister of Transport. Apparently, despite objections from some ministers who argued that enforcement should remain within the government’s domain, the project was pushed through by the Transport Ministry during Chan Kong Choy’s tenure. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">After 5 years as the Transport Minister, Chan stepped down officially due to health reasons in the midst of the RM4.6 billion Port Klang Free Zone scandal. Following Kong Choy’s resignation, Ong Tee Keat was at the helm of the ministry, and the project was finalized during his time. Since Tee Keat has been dubbed Mr. Clean by his MCA supporters, he should come clean on the AES and provide an explanation on his role in it and answer the questions raised.</span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"> <o:p></o:p></span></div><div class="MsoNormal"><b><span style="line-height: 115%;"><span style="font-family: Verdana, sans-serif;">Why so much outrage?<o:p></o:p></span></span></b></div><div class="MsoNormal"><b><span style="line-height: 115%;"><span style="font-family: Verdana, sans-serif;"><br /></span></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">Firstly, there is more than a strong whiff of cronyism about the project and the way in which it has been privatized which runs against principles of responsible government and common sense. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">Allegations have been made that Ates Sdn Bhd and Beta Tegap Sdn Bhd which have been awarded the contract have strong political connections. According to PKR assemblyman Chang Lih Kang, the major shareholder of Beta Tegap Sdn Bhd is the niece of a Johor Umno assemblyman and comes from a family of "renowned Umno political figures" whose parents were previously elected to the state legislative assembly. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">"With the extraordinary connection between the largest shareholder of Beta Tegap and Umno, another instance of sheer cronyism is evident. If this is not cronyism, how on earth does the government deem a dormant company without expertise in the related field is worth rewarding a lucrative AES contract?" Chang asked at a recent press conference. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">Secondly, the system comes embedded with an extremely lucrative revenue sharing arrangement to benefit the project concessionaires. According to reports, the two companies can claim between RM600 million to RM800 million for the services and the equipment involved in installing 831 cameras in traffic hotspots nation-wide. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">This disclosure has infuriated members of the public who strongly support road safety but are concerned at the opaqueness of the implementation process and are suspicious that the main purpose appears to be to benefit various cronies.<o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><b><span style="line-height: 115%;"><span style="font-family: Verdana, sans-serif;">Claim for AES Compensation Coming Up Next<o:p></o:p></span></span></b></div><div class="MsoNormal"><b><span style="line-height: 115%;"><span style="font-family: Verdana, sans-serif;"><br /></span></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">The two firms awarded the contract to implement the enforcement system claim to have spent between RM300 million and RM400 million each to set up and operate the system. If the system is to be abandoned, they will insist on being compensated for their expenses to date. <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">But how believable are their estimates of expenditure? One skeptic has worked out in great detail the expenses involved in the establishment of the AES. According to him a total of $24 million would be more than adequate in setting up the <span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;">company, main office, staffing , maintenance and vehicles; establishing a roving maintenance team at 8 locations; setting up the server, monitoring and control system; and purchasing cameras for one year’s operation (see </span><a href="http://unofficialversion.wordpress.com/"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;">http://unofficialversion.wordpress.com/</span></a><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;"> for the full breakdown ) <o:p></o:p></span></span></div><div class="MsoNormal"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;"><span style="font-family: Verdana, sans-serif;">As a long time engineer and business man, I find the breakdown of expenses provided by the skeptic credible and believable and the concessionaires’ estimates incredible and unbelievable. <o:p></o:p></span></span></div><div class="MsoNormal"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;"><span style="font-family: Verdana, sans-serif;"><br /></span></span></div><div class="MsoNormal"><b><span style="border: 1pt none windowtext; line-height: 115%; padding: 0cm;"><span style="font-family: Verdana, sans-serif;">Should Compensation be Paid<o:p></o:p></span></span></b></div><div class="MsoNormal"><b><span style="border: 1pt none windowtext; line-height: 115%; padding: 0cm;"><span style="font-family: Verdana, sans-serif;"><br /></span></span></b></div><div class="MsoNormal"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;"><span style="font-family: Verdana, sans-serif;">We can be sure that the two companies will have insisted on full compensation clauses built into the contract should the Government back out. They will have the paper evidence to show that they have spent hundreds of millions in setting up the system. <o:p></o:p></span></span></div><div class="MsoNormal"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;"><span style="font-family: Verdana, sans-serif;"><br /></span></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;">So it looks like either way – whether the AES is implemented or not - the two companies could be laughing all the way to the bank with their bloated claims.<o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div class="MsoNormal"><span style="color: red; line-height: 115%;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: small;">There is only one way to stop this daylight robbery. </span>This is for the Malaysian public to kick up the biggest fuss possible and to demand that the full truth of the Automatic Enrichment Scandal - including its real costs – emerge before any compensation is to be paid</span><span style="font-size: small;">. <o:p></o:p></span></span></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><br /></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-90915936827172172332012-11-05T14:40:00.000-08:002012-11-15T23:03:22.955-08:00Monday Musings.<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-BX35g6yHJ5g/UJg_QJD7YLI/AAAAAAAACfE/W6vQjWHH9rE/s1600/obama+and+romany.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="210" src="http://3.bp.blogspot.com/-BX35g6yHJ5g/UJg_QJD7YLI/AAAAAAAACfE/W6vQjWHH9rE/s320/obama+and+romany.jpg" width="320" /></a></div><br /><br /><div class="MsoNormal">Very soon the uncertainty as to who will guide America to bankruptcy will be over. Some pundits are calling for a win for Romney and in the support of their prediction, they are showing the strength of the sectors which are supposed to be Republican friendly. I suppose there is confirmation bias everywhere. I am sure Democrats are seeing signs of their victory as well. Irrespective of whoever wins, the market’s path has already been defined. If I may draw your attention to the fact that despite the sell- off of last Friday, the lows of September 26<sup>th</sup> is still intact. SPX cash is grinding up and will most likely continue to grind up for till Op.Ex. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">While we have an initial sell signal (not confirmed) the indices are oversold on s short term basis and odds are high that we will see a bounce. We do not have a negative divergence yet for calling the top but we are coming close. The following chart shows the SPX position short term.</div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-GAxR53UcTT8/UJg_roGus3I/AAAAAAAACfM/coDVq1FHAX0/s1600/spx+topping+2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="http://1.bp.blogspot.com/-GAxR53UcTT8/UJg_roGus3I/AAAAAAAACfM/coDVq1FHAX0/s320/spx+topping+2.PNG" width="320" /></a></div><div class="MsoNormal">(H/T Lance Roberts).</div><div class="MsoNormal">Another 50-60 points melt up in the next 7-10 trading sessions are quite likely and possible but I am not risking my money to chase it.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">NYSE Bullish Percent Index is showing a topping pattern. </div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-HWF1VYn8utg/UJg_-4W3XeI/AAAAAAAACfU/BtNjc-naH-U/s1600/BPNYA.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="254" src="http://1.bp.blogspot.com/-HWF1VYn8utg/UJg_-4W3XeI/AAAAAAAACfU/BtNjc-naH-U/s320/BPNYA.png" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">As you can see, it takes time for this divergence to play out and therefore do not expect indices to roll over tomorrow. But warning signs are there.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">While I am expecting a correction, I am not looking for the end of the world here, not yet. I expect a correction in the magnitude of 15%-20% between Mid-November to Mid-December. If we get that, it will be time to get long again. And I have decided to stay out of Nat.Gas till this big correction plays out. The time to go long commodities will come by end of the year and that includes precious metal as well.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">So right now I am in cash and cushy. I am not chasing the upside because I am not sure how far it will go. And it is better to wait out 7-10 trading sessions than to suffer heartburn. Hope you guys are keeping your powder dry and doing your research.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Thanks for sharing my thoughts. Please remember to disable Ad block. We still have in-line text Ads and of course Amazon link, should you decide to shop Amazon in the coming holiday season.</div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-68832975483917653632012-11-01T15:14:00.000-07:002012-11-15T23:03:22.969-08:00One Swallow Of Fall.<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-LJAzrmJCYRI/UJLzmXSQAeI/AAAAAAAACdI/mVIsAfwDAbw/s1600/261_cartoon_us_economy_large.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="260" src="http://4.bp.blogspot.com/-LJAzrmJCYRI/UJLzmXSQAeI/AAAAAAAACdI/mVIsAfwDAbw/s320/261_cartoon_us_economy_large.gif" width="320" /></a></div><br /><br /><div class="MsoNormal">While it is true that one swallow does not make a summer, we have been calling for this bullish action for quite a while. It will be foolish to say that from now on prices will go up and up but it does look like the making of a short term bottom which the cycles have been calling for. SPX closed above 1425 which earlier was acting as a resistance. Let us see whether it holds tomorrow. Only folks who seem to be unhappy today are from our beloved rant blog. I shudder to think about the plight of anyone who was short after reading / listening to those unending rants. Few more times like these and when the time comes to really short, folks won’t have any money left to trade. Only GS and JPM will be able to short the market then. Brilliant plan indeed!</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Tomorrow is a NFP day. Few have any idea if at all about how good or bad it will be but in reality, it does not matter. Most likely, markets will go up anyway to test the highs in the next few days/weeks, with occasional dips in between. So it does not matter if tomorrow is red or range bound, which is very likely, so long the red is not huge red. Only fly in the ointment today was that US$ was higher which resulted in gold and silver selling off from their morning highs. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">But the silver miners like SLW and CDE have started to breakout even in this weak market. I think both gold and silver will also move higher and test their respective high of the year. And all these should happen in the next two weeks. We will have to wait and see if gold is able to break through $ 1800. If not, we will get out of PM sector for a month and re- enter by mid or end December. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">The next two weeks will possibly be good for swing traders. So far as investors are concerned, it would be a good idea to reduce the long positions on any strength and reduce the risk. And the risks are real. The fiscal cliff will not be sorted out before next year and there is no clear indication as to who is going to win the election. These are known unknowns and in times like these, cash is king. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">But from the swing trade point of view, I would probably buy out of money November calls for SPX that are cheap and get out by 12<sup>th</sup>-14<sup>th</sup> November. But everyone has own style of trading and no one size fits all. So please do your due diligence. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Today QQQ was up almost 1.5% while Apple was up only 0.2%. Yesterday I wrote that Apple most likely has bottomed short term. If that is indeed the case and Apple is to test its 50 DMA it would mean a move of about 7%. That would definitely positively impact the Qs and other indices. The last high was on September 14 which was almost 45 days back and yet we had a tiny 5% correction. So we did not miss much by staying in the sideline. Also in all of those 45 days, we had two up moves and three down moves without any clear direction. I had suggested not to short and hopefully it would have saved you some money. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Thanks for sharing my thoughts on the market. I have been busy with studies and waiting for the market to show its hand. So far things appear to be on script. I hope it will be interesting going forward and you will be able to make some much needed money.</div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-52441570263234659012012-10-31T17:03:00.000-07:002012-11-15T23:03:22.982-08:00After The Storm.<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="MsoNormal">After the devastation, the markets gave its best shot in a difficult situation. So far it is following the path written. If you remember, we expected the indices to move up and down this week and make a messy bottom. So far SPX has corrected only about 5% from its top but the downturn has persisted for over 40 days now. This in itself is something of a rarity. I see close similarity between now and last April.</div><div class="MsoNormal"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-cP0lTZFpHz0/UJG74t0BA2I/AAAAAAAACbE/w1bL6TQ4pHg/s1600/spx.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="184" src="http://4.bp.blogspot.com/-cP0lTZFpHz0/UJG74t0BA2I/AAAAAAAACbE/w1bL6TQ4pHg/s320/spx.PNG" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">And my call for a test of the high is consistent with that topping pattern. Already some positive divergences are appearing. Tradersu has forwarded the following link.</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><a href="http://pialerts.files.wordpress.com/2012/10/techsmithworb9b2.png">http://pialerts.files.wordpress.com/2012/10/techsmithworb9b2.png</a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">However, it would be good to remember that this rebound is going to be short term in nature and unless we see 1480 taken out with conviction and SPX stays above that range for a while, I would consider that as a part of topping process. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">For the near term, I would like to share a chart of Presidential Election cycle sent by Tom McClellan.</div><div class="MsoNormal"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-UpFaeIo_hSs/UJG8D4c_y3I/AAAAAAAACbM/TGB2xmen6w8/s1600/Election+cycle.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="http://1.bp.blogspot.com/-UpFaeIo_hSs/UJG8D4c_y3I/AAAAAAAACbM/TGB2xmen6w8/s320/Election+cycle.PNG" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">Again, this chart fits perfectly with my cycle and call. I think Apple is bottoming short term and will test the 50 DMA in the coming days. Gold and silver made some progress from the base. All in all, I am of the opinion that a base of some sort is being built for the next stage of the rally. But for that, we may have to wait till next week. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">I hope all you readers are safe and secure. Our good wishes to those who have been badly affected by this storm. At least it gave us respite from the 24 hour politics. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Thanks for sharing my thoughts. Hope you are in cash and cushy and ready for the opportunities ahead of us. </div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-59529136196685877582012-10-27T18:59:00.000-07:002012-11-15T23:03:22.995-08:00Messing Up With The Brain.<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-nHDLNY0K0WY/UIyQp7AT1FI/AAAAAAAACY4/iKZ5yKGztSE/s1600/color_test_newer.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="http://1.bp.blogspot.com/-nHDLNY0K0WY/UIyQp7AT1FI/AAAAAAAACY4/iKZ5yKGztSE/s320/color_test_newer.jpg" width="320" /></a></div><br /><br /><div class="MsoNormal">That’s what the market is doing with bulls and bears. The bottom is in sight but it is going to be a messy short term bottom. I would not be surprised at all to see the markets up one day down the next for the whole of next week. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">So far the important support level has held but it is still too early to do bottom fishing. As I had mentioned in my email, till cash SPX closes above 1420 in a convincing manner, there is no reason to go long for even one day. Even after that, if you want to go long, I would recommend that you weigh all the benefits against risks. Most likely we will see a retest of the earlier high and may even have a higher high but just. I would think that the risk is more to the downside, both fundamentally and otherwise. We have been here before.</div><div class="MsoNormal"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-VZLybUzsiRs/UIyQ43YNIqI/AAAAAAAACZA/2WP9asjJ5PE/s1600/SPX+2008+vs+2012.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="201" src="http://3.bp.blogspot.com/-VZLybUzsiRs/UIyQ43YNIqI/AAAAAAAACZA/2WP9asjJ5PE/s320/SPX+2008+vs+2012.png" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">(H/T: Lance Roberts)</div><div class="MsoNormal"><br /></div><div class="MsoNormal">I do not normally believe in analogs. Analogs are fun while it works but we cannot make investment decisions based on analogs. But there are other factors like money flow through the banking system, the coming fiscal cliff and even cycles indicate that there are dangers ahead.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">One of the respected chart analysts, Peter L Brandt has this chart to show:</div><div class="MsoNormal"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-_gJmo9nq8dc/UIyRNnDJPjI/AAAAAAAACZI/PBQSpk9nb-k/s1600/SPX+target.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="http://4.bp.blogspot.com/-_gJmo9nq8dc/UIyRNnDJPjI/AAAAAAAACZI/PBQSpk9nb-k/s320/SPX+target.PNG" width="309" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">The caveat is that this theory is invalid if SPX closes above 1480. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">By Mid-November, I expect SPX to push above 1470 but whether it will stay above is the million dollar question. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">We will take it one day at a time but now is not the time to be cute or smart. The topping process is on and even if the mid-November top comes by end November, it does not change anything. </div><div class="MsoNormal"><br /></div><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><i>That’s all I have for this rainy weekend. For those of you living in the path of the storm, hope you are well prepared. If we have to err, better be on the side of caution, be it a storm or stock market. Stay safe friends.</i></span></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-9031096531587206802012-10-25T15:00:00.000-07:002012-11-15T23:03:23.006-08:00Apple Fell From Tree.<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-r8Rja9ayTgc/UIm1vGiyLkI/AAAAAAAACX8/c6HIYVlYdts/s1600/homer+picking+apple.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="218" src="http://3.bp.blogspot.com/-r8Rja9ayTgc/UIm1vGiyLkI/AAAAAAAACX8/c6HIYVlYdts/s320/homer+picking+apple.jpg" width="320" /></a></div><br /><br /><div class="MsoNormal">Story of the night is the earning miss by Apple. And the cherry on the top is the disappointing results by Amazon. SPX futures (/ES) again tested 1400 after hours and Nasdaq futures (/NQ) tested 2600. Both bounced back from the lows but we have to wait and see the action overnight.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Trading of Apple shares were halted in the after-market when it traded below $600. But the market was not expecting anything great from these two, if I have got the pulse correctly. Right at the point of writing this post Apple was trading at $ 607. There was no dumping as such. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">I wrote in the past that once Apple closed below $640, it had more to fall. I think we will not see a trade-able bottom for Apple before the end of the year. This is consistent with my view of the general market. For now, despite the disappointing results, it is poised for a bounce soon. So are the futures.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Today the markets messed up with both the bulls and bears and end of the day both group were confused as hell. The short term cycles are all mixed up and it is going to be a messy bottom in a day or two. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">These days I look at 4 hour chart to get a little bigger picture. The 4 hour chart of /ES is showing 4/5 touches around 1400 level and bounce from there. Obviously this is an important support. As time passes and bears are unable to convincingly break this support, it becomes stronger. Having said that, market always surprises and inflicts maximum pain on maximum number of people. If folks did buy more puts of Apple, we can be sure that Apple will close higher. As per option pain calculator, November Max.pain for Apple is $ 635, which is higher than where it is now. Go figure.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">I still think a short term bottom is around the corner. Let us see what the overnight actions and tomorrow bring. And I am still waiting to see whether Nat.Gas gives the sell signal. Today it broke below $3.40 but closed above that line. If there is no sell signal in a day or two, then it will be time to pile on to Nat.Gas.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Sentiments have turned south for gold and silver. Today one newsletter writer bailed out of gold and that may be a good contrarian indicator. My take is that we will see a re-test of the last high by mid-November and if the re-test fails, then we bail out and re-enter by end of the year. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">That’s all for tonight. I made some changes in the Ad program. Now we only have Amazon link at the top and no other Ads except the in-line text ads. Hope you will remember the blog if and when you use Amazon.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Thanks for sharing my thoughts. Patience is required for few more days.</div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-31665085843059393832012-10-24T17:24:00.000-07:002012-11-15T23:03:23.019-08:00"Are We There Yet" Redux.<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="MsoNormal">There were some questions from readers about the stock market performance vis-à-vis Presidential elections cycle. The theory goes that price movement in stock market predicts the winner. Logically the incumbent wants to spread the feeling of well being before the voting and “O” has done his best to goose up the stock market with endless liquidity flow. And barring the 50-60 point sell, we are actually closer to the top end of the range. And yet every drop in market is cheered and end of the world is eagerly anticipated. We never believed in this rally (including me) and many have stayed away from the melt up from June. But someone made money and I bet that someone belongs to the Boyz club. With this month long chopping and grinding down, sentiments are bearish. But if the COT EuroDollar chart as shown yesterday is any indication, we should follow the money flow of the TBTF banks.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Today Stock Trader’s Almanac had this chart:</div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-GZeGOigMYQM/UIiGY8IiKHI/AAAAAAAACXA/CjagLvIte4w/s1600/SPX+Oct+performance.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="242" src="http://4.bp.blogspot.com/-GZeGOigMYQM/UIiGY8IiKHI/AAAAAAAACXA/CjagLvIte4w/s320/SPX+Oct+performance.jpg" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">It compares two past Presidential election when the challenger defeated the incumbent. I do not care much about who wins but what I wanted to point out from the chart is that in both cases the market has gone up from this point. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Is it any wonder that cycles are calling for a rally soon?</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Today /ES (SPX Futures) tested the 1400 line twice during the day and so far it held. The 1<sup>st</sup> rebound from here, if it comes tomorrow will fail. And at that point we have to see whether it makes a higher low and whether there is a positive divergence in RSI. I think we will again test this level in a day or two. By that time we will be in the last week of October. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Gold tested 1700 level and held so far. Same with Nat.Gas. It did not go below $ 3.40. If it does not break through $3.40 in a day or two, I will anyway take a long position with Nat.Gas. The COT positions are bullish. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Although I plan to take a long trade by end of October, I am hesitant to long equities. I think it may be a good idea to Short VIX. Again this would be a trade for 15 days or so and not an investment. I think we will get a decent correction after mid-November, not an itsy-bitsy 50-60 points correction which is about to reverse any-time now.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">So we wait for another day and in the mean time day traders pile up on short trade only to be squeezed. Thanks for sharing my thoughts. Remember, cash is also a position.</div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-51126620917421164722012-10-23T16:50:00.000-07:002012-11-15T23:03:23.032-08:00Demise Of Financial Bloggers?<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="MsoNormal">Josh Brown ran an article today as to why financial bloggers have gone down in numbers. I found it quite funny and could not resist quoting it here:</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i>“There seem to be fewer regularly-updated, high quality financial blogs these days. Many have simply disappeared or have gone inactive. And very few new ones of note have come along to replace them.<o:p></o:p></i></div><div class="MsoNormal"><i>But why?”<o:p></o:p></i></div><div class="MsoNormal"><i><br /></i></div><div class="MsoNormal"> Then he goes on to give some theories:</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><b><i>Many bloggers have simply been so completely dead wrong about the post-crisis period</i></b><i> we've been in (Hyperinflation! Depression! Social Unrest! Hoard Water and Dry Goods!) that they simply have no audience left. Keep in mind that many of the 2008-2010 generation of bloggers were misanthropes who had been rooting for a collapse all along. They came out of the woodwork and began blogging motivated by a mixture of I-Told-You-So schadenfreude and the desire to predict the next crisis, which was obviously an imminent thing. Only it didn't happen (I know, I know, any day now). And having blown all of their personal credibility on failed Cassandra-ism, having recognized what a horrendous disservice they've done to those who've heeded them, they've simply moved on. Many went to Twitter instead where there is a less permanent record of their bullshit.<o:p></o:p></i></div><div class="MsoNormal"><i><br /></i></div><div class="MsoNormal">But the biggest rant blog is still going strong.</div><div class="MsoNormal">That brings me to my post. The collapse of USA is not yet imminent. And come to think of it, so far it is just a 50 point correction in SPX. But already folks are behaving as if the end is near. And when the real stuff comes up, there would not be many to take advantage of it. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">We all know the fundamentals sucks and earnings are crappy. And retail has started buying puts like never before. It happens without fail. Retail will sell at the bottom and buy at the top. The equity put/call volume ratio across all 10 options exchanges ended at 1.05, with roughly 7.46 million calls and 7.86 million puts traded. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">My 2 cent contrarian thinking:</div><div class="MsoNormal">VIX closed outside its BB today , 1<sup>st</sup> time after April 2012.</div><div class="MsoNormal"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-xyJ58jDQrzg/UIcr8jssA9I/AAAAAAAACV0/h5apedhJQrQ/s1600/vix.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="185" src="http://3.bp.blogspot.com/-xyJ58jDQrzg/UIcr8jssA9I/AAAAAAAACV0/h5apedhJQrQ/s320/vix.PNG" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">And SPX closed 2 Standard Deviation below mean, outside BB.</div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-8stjel_9TVI/UIcsIsDa4VI/AAAAAAAACV8/ccGoJu8AhVU/s1600/spx.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="http://4.bp.blogspot.com/-8stjel_9TVI/UIcsIsDa4VI/AAAAAAAACV8/ccGoJu8AhVU/s320/spx.PNG" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><br /></div><div class="MsoNormal">If we see a green day tomorrow, it might be considered as a VIX buy set up.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">I do not expect a rally from tomorrow; rather I expect a sideways movement from here till end of the month.</div><div class="MsoNormal">One of the things I follow with interest (apart from my cycles) is the COT Eurodollar indicator as shown by Tom McClellan. He has some complex formula whereby he moves the whole thing ahead by 12 months. I do not understand how it works, except it gives a clue to what the Banksters are thinking and where the money is going. Few days back,the following chart was shared in SHJ’s blog by one of his readers.</div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-8otL_uav5xA/UIcsnBmc8CI/AAAAAAAACWE/Y1aeBVQgO6k/s1600/McClellan+Cot+Euro+Dollar.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="217" src="http://2.bp.blogspot.com/-8otL_uav5xA/UIcsnBmc8CI/AAAAAAAACWE/Y1aeBVQgO6k/s320/McClellan+Cot+Euro+Dollar.jpg" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">So the Boyz have planned all the ups and downs all along! </div><div class="MsoNormal"><br /></div><div class="MsoNormal">What I like most about this chart is that it matches with my cycle analysis. It also agrees with the Bradley dates. So we may have to wait a bit more for the Armageddon. Don’t buy the dry foods yet.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">At least I have no emotional trauma to bear because I am on the sideline. So I leave you with some thoughts and cautions. It’s raining here in Toronto. The fall leaves are almost gone. They say that winter will be difficult this year and I still have not been able to get in Nat.Gas. It refuses to give a sell signal. But I am patient.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Thanks for sharing my thoughts. Stay frosty folks. </div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-46370485259079513102012-10-22T16:13:00.000-07:002012-11-15T23:03:23.045-08:00Indices Dig Out Of Hole.<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="MsoNormal">The selling momentum of last Friday continued for better part of today but the last hour was a good turnaround. DOW covered more than 100 points to close in green. In terms of chart pattern let us see the favourite of the Boyz, /ES or emini (SPX futures).</div><div class="MsoNormal"><br /></div><div class="MsoNormal">The following is a 4 hour chart of /ES</div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-cPeLw_5V_7c/UIXSWaHrmeI/AAAAAAAACU4/HWYgrJDfQBw/s1600/es+4+hr.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="185" src="http://1.bp.blogspot.com/-cPeLw_5V_7c/UIXSWaHrmeI/AAAAAAAACU4/HWYgrJDfQBw/s320/es+4+hr.PNG" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">This is the 2<sup>nd</sup> time /ES has bounced from 1420 level which is a good support and the last breakout happened from here. The next line of defence is 1400 level. And the indices still held the low of 10/12/2012. The cash SPX actually bounced off the lower BB and is sitting just above the 50 DMA. Possibly the bears are allowed only up-to this much for now. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">The fundamentals are not that great. With corporate profits down and fiscal cliff hanging in front, there are quite a bit of distributions going on for the last many trading days. Most likely smart money is getting out before the uncertainty hits home. But the last bit of shenanigan is still ahead of us and the Boyz will melt up the market for at least one more time. Therefore it is time for patience and not the time for taking positions. I plan to take a long position by end of October but not in any stock or indices. In my view, the least risky trade would be short bond and therefore TBT. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">As you know I am long term bullish on Gold and Silver. But if Gold and Silver do not make new highs by mid-November, it may not be a bad idea to step out for a short while. However, if you are not checking your investment portfolio everyday and are comfortable to hold it for a long term, then there is no need to hop in and out. In fact every weakness is an opportunity to scale in.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Nat.Gas did sell off today. From $3.65, it closed at $3.44. Yet it has not given the sell signal. It has to close below $3.40 for a meaningful correction. I am waiting for it to correct some more for a good entry.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Coming back to short term equities cycle, the 1<sup>st</sup> reading had bottom around 24<sup>th</sup> October. Subsequently, 24<sup>th</sup> October inverted to top and cycle bottom moved to end of October. In situations like these, it is screaming confusion and the best course of action is no action at all. The crystal ball is fairly clear after 29<sup>th</sup>/30<sup>th</sup> October till mid- November and that is when I plan to take a long shot for a short while. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Hope you have been in cash and cushy. Cash is the king in times like these. Good opportunities are ahead of us and we have to keep our emotions in check. If you were long, hope you did not close your position because it will turn around very quickly. Problem is, none of these turn around are for real.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">We may see some more selling in a day or two but it does not matter. Unless the bears break down 1400 with conviction in the coming few trading sessions, we are looking for a swing high around 1480-1500 range by mid-November. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">That’s all for this Monday evening. Thanks for sharing my thoughts. Be safe out there please. </div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-27114882302363951062012-10-21T11:54:00.000-07:002012-11-15T23:03:23.056-08:00Tips For Investors.<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="MsoNormal">I have couple of tips for Relaxed Investors:</div><div class="MsoNormal"><br /></div><div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]--><i>1.<span style="font-size: 7pt; font-style: normal;"> </span></i><!--[endif]--><b>Remember that Investment if different from Trading</b>: <i>The successful investment strategy differs markedly from trading. It is especially important to establish good, long-term positions when prices are favorable. Most individual investors seriously underperform long-term results by selling low and buying high. Most successful professionals, of course, do the opposite.<o:p></o:p></i></div><div class="MsoNormal"><i> Even successful years have significant drawdowns. 15% is not unusual. The investor needs to expect this. If it feels stressful, then your asset allocation is wrong.<o:p></o:p></i></div><div class="MsoNormal"><i>(H/T Jeff Miller)</i></div><div class="MsoNormal"><i><br /></i></div><div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;"><!--[if !supportLists]-->2.<span style="font-size: 7pt;"> </span><!--[endif]--><b>Realize that we are no expert on world events</b>: However much ZH or some such blog or various talking heads on TV explain why the world is going to end soon, world is not going to end that easily. Investing based on bear talk can be harmful to the portfolio. World may or may not end tomorrow but investing based on personal belief is not a good strategy.</div><div class="MsoListParagraphCxSpLast"><br /></div><div class="MsoNormal">One of my favourite strategy is to have patience and remove the fear of missing out from the mind. I have not been active in the market for the last few months. During these times, market has gone up and down many times in the most unpredictable fashion. Nothing and nobody can say with any degree of certainty which direction the market will move next. Why take the burden of emotional pain in such a market? So I am looking for what would be a long term trend and trying to get hn slowly for a long haul.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">For next week, my 2 penny advice would be the same. Patience and do not chase either way. Monday we may see some more selling to start with but an eventual bounce. The market would chop around till end of October. Gold most likely would form a bottom around 24<sup>th</sup>-25<sup>th</sup> October. And thereafter a longer term up trend (relatively speaking) for equities till mid-November. Let us see how things develop. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Thanks for all your support and kind words. Have a great Sunday folks.</div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-31850657806249062072012-10-20T14:02:00.000-07:002012-11-15T23:03:23.065-08:00Presented Without Comments<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/b4zOAHoncF0?feature=player_embedded' frameborder='0'></iframe></div><br /></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-20146845587687114242012-10-20T10:26:00.000-07:002012-11-15T23:03:23.074-08:00Problem With Comment Publish<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-fSO_jNIsYDo/UILecUHEA-I/AAAAAAAACUA/OZTA37rwPOo/s1600/aw+snap.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-fSO_jNIsYDo/UILecUHEA-I/AAAAAAAACUA/OZTA37rwPOo/s1600/aw+snap.jpg" /></a></div>For some reason I am unable to publish all the comments in Blogger.<br />But I want to acknowledge and say thanks to all of you for expressing your support.<br /><br /></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-91505761204811319392012-10-19T19:12:00.000-07:002012-11-15T23:03:23.105-08:0051 Shades Of Red.<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="MsoNormal">50 shades for the market, 1 for me.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">In the morning call of Friday morning I wrote the following:</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i>As I wrote last night, DOW has been down last 6 straight and 7 of the last 8. That should tell us that we should expect the market to close in red. How deep the colour of the Red is to be seen. It would be foolish to venture an opinion on OpEx day.<o:p></o:p></i></div><div class="MsoNormal"><i><br /></i></div><div class="MsoNormal">It now turns out that the shade of the Red was very deep indeed. It now seems that the indices are making a triple top, if there is something like that in the dictionary of TA. But fear not. It is not the start of the waterfall that we all are waiting for. It is just a symptom of a sick market. Sometime back I wrote that a complex topping process is going on. And because of these weekly ups and downs, it is impossible to trade let alone invest in this market. That is why my conclusion in Friday morning was; Trade Safe, Invest not.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">I have done this hop on hop off trade in the past. This is not swing trade. For a swing trade we need somewhat longer term trend which is absent from June. If anyone tells you that s/he is making money in this market day trading or swing trading, s/he is either lying or lucky. My guess, it is the former.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Readers know that we were expecting a pull back since last two days but the degree of pull back surprised everyone, including me. Now we have to see if the low of last week holds. Today’s sell off was triggered by earnings or lack of it. (Although I would say Cycles) let us hope next week the earnings come out better.(because cycles are up till 25<sup>th</sup> October). So far the DOW and SPX have stopped at 50 DMA as if that’s all the bears are allowed. The Fed has said that they will prop the market no matter what and $40 billion a month have just started coming in. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">After the cycle top around 25<sup>th</sup> October, the next short term low is around end of October. And the important cycles all go up from there. That also matches with the Bradley Date and the COT Euro dollar chart of Tom McClellan. I do not want to guess how low the market can or will go from here till 30<sup>th</sup> October, but I may take a swing at some longs between end of October and Mid-November. If you remember, I am on the sideline, neither long nor short. By the way, despite the sell-off, there is no confirmed sell signal from the major indices yet. It may change if we have more selling next week but we will cross the bridge when we come to it.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">That made your 50 shades of red market. Now, my 1 shade of red.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">In the morning Google very kindly notified that my Adsense account has been closed. Naturally I was very disappointed. But out of 1000s of readers, so far 10 have stood by me and have said that they will support me in every whichever way. Thank you ladies and gentlemen. I have never met you in person and yet you have extended your generosity to an unknown blogger. That I have 10 unknown souls by my side, makes me realize how lucky and blessed I am. I feel that I have achieved my goal.</div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/aJxrX42WcjQ?feature=player_embedded' frameborder='0'></iframe></div><div class="MsoNormal"><br /></div><div class="MsoNormal">But God has a funny of showing love. When s/he closes one door, s/he opens ten others. Blogging was never going to be my profession or livelihood. I do it because I love it and as I had some more time in hand, I started spending that here. Making my work of love a paid or subscriber model, will not give me sufficient money to justify my time yet it will alienate most of the readers. Charging $15 per month to 50 or even 100 readers will not allow me to live and yet that will tie me up with huge responsibility. So I have decided to let the blog be as it is. Free for all.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">I have signed up with another company called BidVertiser who do the same thing as google but on a scale of 1 to 1000000. So I will do whatever I can to generate Ad revenue and then there is Amazon link which I hope readers will use during the holiday season. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">I will be making my regular evening post and sharing my views on investments and market. The Weekly Market report (WOF+) is going for a premature death because readers don’t think it is worth any money. Let life continue as it was, without any bells and whistle.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">That sums up the eventful week and the 51 shades of red. Have a great weekend folks.</div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-25916699971578235562012-10-19T09:05:00.000-07:002012-11-15T23:03:23.138-08:00Intra-Day Update:10/19/12: 12 Noon Eastern<div dir="ltr" style="text-align: left;" trbidi="on">Not looking good. let us see where it closes. This can go up equally quickly. Don't panic or chase please.</div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-25132514225660698942012-10-19T08:01:00.000-07:002012-11-15T23:03:23.170-08:00Intra-Day Update. 10/19/12; 11AM Eastern<div dir="ltr" style="text-align: left;" trbidi="on">Personal disappointments aside,<br />Let the market action continue, SPX is not that bad. Nasdaq is testing its earlier low.<br />I would not chase it either way for now.<br />Patience folks.</div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-22835503552945368922012-10-19T05:44:00.000-07:002012-11-15T23:03:23.202-08:00Morning Call. October 19, 2012<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="MsoNormal">First we had Apple sell off and now we have Google sell off. These two are the staples of most hedge funds. These funds will be under water for sure and what they will do to improve their monthly report is not very clear yet. Some may now try to get out the tech. stocks and chase small value beta. In short there will be instability in the market for whole of October. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Euro Summit decision has now been pushed to November. Everyone is waiting for the US Presidential election to get over to wash the dirty laundry. There is a fight between Germany and France about banking supervision. Spanish bailout issue is hanging and Greece debt fiasco is nearing its end. I do not see it being resolved in favour of the Greeks.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">But the market seems to ignore all the above issues. In USA companies after companies (Chipotle, IBM, CAT, Nike, Intel, ……) report lower earnings and weak guidance. These are big names and yet DOW / S&P 500 marches on. This is the power of liquidity. I can only guess how long this will go on and I have given my best estimates of the timeline before. As of now we should be up till mid-next week.</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><b>Futures:</b> DOW futures are down about 40 points but Nasdaq does not look that bad. Down only about 5 points. SPX is down about 3 points and is well above any danger mark. Today is OpEx day. Any move is to be discounted as a part of the shenanigan of the big boyz who sell premium. As I wrote last night, DOWn has been down last 6 straight and 7 of the last 8. That should tell us that we should expect the market to close in red. How deep the colour of the Red is to be seen. It would be foolish to venture an opinion on OpEx day.</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><b>Commodities:</b> Overnight gold and silver sold off. Silver was worst hit, down 1.35% but gold is holding an important level. I expect a rebound here. Let us see how far the rebound goes till next week. Crude was higher with a gain of 0.25% and so did Nat. Gas. Therefore it would be wrong to say that the market is in “Risk-off” mode. It is just the manipulators switching money from one sector to another.</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><b>Earnings & Economic data: </b>Today we have release of existing home sales. Additionally, General Electric (GE), McDonald's (MCD), Baker Hughes (BHI), Edwards Lifesciences (EW), Honeywell International (HON), Ingersoll-Rand (IR), McMoRan Exploration (MMR), and Schlumberger (SLB) are scheduled to release their quarterly reports.</div><div class="MsoNormal">In fact GE has already come out with the numbers and has reported an increased earnings of 8.3% while revenues are down. GE shares are down 2% in pre-market.</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><b>Conclusion: </b>I am standing aside. Expect a roller coaster ride throughout the day. Trade safe. Invest not.</div><div class="MsoNormal">Note: Starting today, all intra-day updates will be released through the blog posting and link tweeted. No more direct twitter. </div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0tag:blogger.com,1999:blog-7858114920251874542.post-29212541511255125862012-10-18T15:32:00.000-07:002012-11-15T23:03:23.235-08:00Market Wrap Up: October 18, 2012<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="MsoNormal"><br /></div><div class="MsoNormal">The morning call was again on the money on all counts. SPX pulled back till 1452 against the wishful target of 1450 but closed down a tiny bit. The conclusion part of the morning call said “no reason to be bear”. Dow was also down a small amount but the biggest loser was Nasdaq and that’s a story which will be discussed 1000s times in main stream media and other intelligent blogs. So we will give it a pass here. Bottom line, readers of this blog knew and possibly was prepared for the pull-back.</div><div class="MsoNormal"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-9Lsq_-4XKhc/UICCq4rrETI/AAAAAAAACSw/3zYBctImcgs/s1600/Goldmine_cartoon.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="295" src="http://1.bp.blogspot.com/-9Lsq_-4XKhc/UICCq4rrETI/AAAAAAAACSw/3zYBctImcgs/s320/Goldmine_cartoon.gif" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal">Day before, in Options+, in bullish ideas, LEN was mentioned. Today it is up 1.5% in a down market. Market thinks that housing has turned around and good luck to those who believe in tooth fairy. But if you are reading between lines, may be you have come across this news: </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i>One of the first big hedge funds to try to profit from a rebound in the U.S. housing market by investing in foreclosed homes is looking to cash out, even as other institutional investors are still getting in.<o:p></o:p></i></div><div class="MsoNormal"><i>Och-Ziff Capital Management Group LLC, the $31 billion hedge fund led by Daniel Och, recently told its investment partner, 643 Capital Management, that it wants to exit from the foreclosed homes business, said several people familiar with the matter.<o:p></o:p></i></div><div class="MsoNormal"><i>The hedge fund is looking to make a profit on a portfolio of about 300 foreclosed homes in northern California that were acquired at distressed prices, said the sources, who did not want to be identified because they were not authorized to discuss the matter.<o:p></o:p></i></div><div class="MsoNormal">(Reuters).</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Really smart folks will get out of this housing mess while others rush in. I think US housing is far away from finding a bottom and another 20%-30% drop by 2014 is definitely on the cards. Only this time, US would not be alone, Canada will join the party.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Regarding tomorrow, it is OpEx. The picture is cloudy. Stock Trader’s Almanac is indicating that tomorrow is bullish. On the other hand October OpEx, Dow down straight last 6 times and last 7 of the 8. But today both SPX and VIX closed in red. Bonds were down as well. Normally that would mean a green day next day. And then we had the Google fiasco. I think it could be a roller coaster ride tomorrow but knowing that the cycle is up till middle of next week, even if we see indices weak during the day, it could be buying opportunity. Normally I avoid taking any position on OpEx and Fridays. Unless there is some very compelling reason, I do not see why there should be an exception tomorrow. As usual, I will tweet through out the day as I see it .</div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-Gxq7gfIa3WQ/UICCKd-MF9I/AAAAAAAACSg/hXK698BI3-c/s1600/Homer+thinking.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1dm;"><img border="0" src="http://3.bp.blogspot.com/-Gxq7gfIa3WQ/UICCKd-MF9I/AAAAAAAACSg/hXK698BI3-c/s1600/Homer+thinking.jpg" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><br /></div><div class="MsoNormal">Today one dear reader asked about Apple. If you remember my earlier call on Apple, I said that if Apple closes below $640, there are problems ahead. Apple did close below $640. Now it is due for a bounce and we might see a possible test of its high along with the general market melt up around mid-November. However it may not close above $675. Its trouble is far from over and I expect Apple to test $ 500 by end of the year. While discussing prices, please keep the time period in mind.</div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-riyFsGaRIHw/UICCYNnCXCI/AAAAAAAACSo/Iq2yTIjKEPI/s1600/rotton+apple.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="310" src="http://3.bp.blogspot.com/-riyFsGaRIHw/UICCYNnCXCI/AAAAAAAACSo/Iq2yTIjKEPI/s320/rotton+apple.png" width="320" /></a></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><br /></div><div class="MsoNormal">Commodities showed reasonable strength today. Gold and silver did not lose much ground and held their earlier lows. But Nat.Gas refuses to give the sell signal. Oil could be due for a short term bounce. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">The Options + was in its 2<sup>nd</sup> day today. Already we have quite a few trade idea and over 700 page views in less than 2 days. That shows that there is an interest in short term trading. But I want to emphasize again that investors with a longer term view should avoid it. That is preciously the reason I have set it up separately. As you can see, I am spending lots of time here in the blog and <b>your continued help/support is absolutely essential.<o:p></o:p></b></div><div class="MsoNormal"><b><br /></b></div><div class="MsoNormal"><i>Invite your friends to join the readership and Join me in Twitter (@bbfinanceblog)for the real time market updates and calls. Now you have two more blogs to visit: </i><a href="http://artofbetterlife.blogspot.com/"><i>http://artofbetterlife.blogspot.com/</i></a><i> and </i><a href="http://bboptions.blogspot.com/"><i>http://bboptions.blogspot.com/</i></a><i> . And please send your feedback and comments.</i></div></div>tattohttp://www.blogger.com/profile/13460938817212057421noreply@blogger.com0