Tuesday, September 21, 2010

KLCI may exceed 1,500 mark ???!!


Malaysia's benchmark stock index is likely to surpass the psychological 1,500 mark, technical analysts say.

But they cautioned that the extreme overbought relative strength of the index (RSI) could signal a pullback.

The RSI for benchmark index FBM KLCI last Tuesday was hovering around the 82 level, indicating that the market was heading towards an extreme overbought position.

An RSI reading of below 35 indicates that the market has been oversold, while a reading of 75 indicates that the market has reached the overbought level.

Although the RSI is used to gauge the market in an extreme bearish or bullish market, its readings can sometimes become muted, both technical analysts and dealers said.


Mercury Securities technical analyst Teoh Chang Yeow said while RSI is logical from a text book case, the market itself acts beyond logic.

Teoh added that the RSI is not the best indicator for a trending market.

"It is up to the traders to interpret the market," he told Business Times.

He added that based on the momentum of the market, the benchmark index should test the 1,500-point barrier, and re-test the intra-day peak of 1,524.69 points recorded on January 14 2008.

At the January 14 intra-day peak, the FBM KLCI's RSI reading was 73.29, while on January 11 2008 when the all blue chip index closed at its summit of 1,516.22, its RSI was 78.03.

Thursday, September 16, 2010

Happy 47th Malaysia Day !!!


Today, 16th Sept 2010 is the 47th anniversary of Malaysia day. For the first time ever, the government has declared that today will be a public holiday, meaning another rest day. For you info, it's super hot day today :)

HAPPY BIRTHDAY MALAYSIA !!!

Gunners in stunning 6 - 0 Champions League win over Braga...HOORAY!


6 - 0 !!! A stunning performance from young gunners, marvellous displays and such entertaining football game...




Arsenal blitzed Braga 6-0 on the opening night of Champions League Group H on Wednesday.

Cesc Fabregas opened the Emirates Stadium floodgates in the ninth minute when he stroked home from the penalty spot after Marouane Chamakh had been felled.




The Spaniard then provided an artistic assist for Andrey Arshavin to net the second on the half-hour. Four minutes later Chamakh combined with Jack Wilshere to make it 3-0.

Fabregas headed home the fourth – his second – just after the interval and only a goal-line clearance prevented the skipper completing the first hat-trick of his Arsenal career a few minutes later.


Arshavin set up substitute Carlos Vela for a cute finish midway through the second half. Six minutes from time the Mexican netted again from an unselfish assist by Fabregas.

If that reads like a procession of Fabregas-inspired Arsenal goals then that is just what it was.



Let's hope this season will finally be the season for Arsenal to end their throphy draught....really hope it is.....wish to be a reality !

Microsoft's unveils new much faster FREE IE9 browser :)


Microsoft Corp. unveiled the "beta" test version of Internet Explorer 9 on Wednesday, the first of a new generation of Web browser programs that tap into the powerful processors on board newer computers to make websites load and run faster.

IE9, which is free, also arrives with a more minimalist look and a few new tricks that start to blur the distinction between a website and a traditional desktop application.

Following the lead of Google Inc.'s stripped-down Chrome browser, Microsoft's IE9 comes with far fewer buttons, icons and toolbars cluttering up the top of the screen. Its frame is translucent, and as people browse the Web, IE9 can be subtly adorned with small icons and signature colors of the websites being viewed.

The new browser also takes cues from Windows 7, Microsoft's most recent operating system software for personal computers. In Windows 7, people can "pin" favorite programs to the task bar at the bottom of the screen, creating a one-click shortcut. They can also customize a menu of options for each program, such as opening a frequently used file in Microsoft Word.

This screen shot provided by Microsoft Corp., shows Microsoft's new Internet Explorer 9, available in "beta" test form on Wednesday, Set. 15, 2010, has a more minimalist look and promises to make websites load and run faster. (AP Photo/Microsoft Corp.)

IE9 lets people pin individual websites to the taskbar, and some sites have already customized their so-called "jumplist" menus. For example, when people pin USA Today's site, the icon in the taskbar can display a menu that mirrors the color-coded sections of the newspaper.

The aesthetic changes bring IE9 in line with Microsoft's newer software, but the changes under the hood push Microsoft's technology a step ahead of its competition. The browser can take advantage of multicore microprocessors to crunch website code faster. It also uses the PC’s graphics processing unit — the same chips that make the images in elaborate video games run smoothly — to make images, animations, movie clips and other visuals appear or play faster.

And IE9 supports HTML5, a catch phrase for an updated set of rules and specifications that website programmers use. HTML5, which is currently under development, will include video playback and other graphics-intensive features that, in the past, could only be done by adding third-party software.


"What I saw impressed me," said Endpoint Technologies Associates analyst Roger Kay, who attended Microsoft's media event to promote the new browser in San Francisco Wednesday. "The bottom line is, this product is good. It’s pretty and it’s fast."

Microsoft won't stand alone at the front of the pack for long, however. Google and Mozilla, maker of the Firefox browser, are also working on similar technical upgrades to their software. All three players have different motivations for pouring resources into making their free programs stand out from the pack.

For Microsoft, selling Windows is a massive and profitable slice of its business. Dean Hachamovitch, corporate vice president of Microsoft's Internet Explorer group, said the software maker is driven by the desire to make Web browsing on a Windows PC "great." That, he said, will encourage people to keep buying Windows computers, rather than defect to Apple Inc.'s Mac machines.

Google, which makes most of its money from online advertising, simply wants to encourage people to spend more time surfing the Web. The Web search leader says it introduced the speedy Chrome two years ago in part to prod the market's dominant players to accelerate Web surfing.

And Mozilla, a nonprofit, sees its own browser development as a way to make sure that users’ privacy and the tenets of free, open-source software don't get left behind as Google, Microsoft and others try to shape technology in ways that boost profits.


With the new crop of browsers, the companies are doing more than competing against each other. IE9 has arrived at a time when the future of traditional Web surfing is itself in question. Today, people can skip visiting many websites in favor of "apps" available for download for devices such as Apple's iPhone and iPad, or Google’s Android mobile phones. The apps deliver the same content but don't limit people to pointing and clicking links with a mouse.

The new browser works on PCs with Windows 7 or Vista, but not on PCs with the much more widely used Windows XP computers or on Macs. At the media event, Microsoft showed off several big-name websites that have been designed to take advantage of the new browser, including ones from Amazon.com Inc., Facebook and Twitter. The sites are built with code that older browsers can understand, but some may be sluggish without IE9.

Microsoft did not say when IE9 will leave the test phase, but the final version isn't likely to change much. It is available for download at beautyoftheweb.com.

Who want to be the pioneer group of test users? You can inform me of the result though :) Thank you in advance...

Wednesday, September 15, 2010

Fernando Alonso wins Italian Grand Prix 2010 for Ferrari


Fernando Alonso kept alive his challenge for the drivers' world championship with a near-flawless drive to an emotional and exciting victory in Sunday's Italian Grand Prix, his maiden race on home soil for Ferrari.

The 29-year-old Spaniard, who had said he need a victory to maintain his bid for a third world title in his first season with the Italian 'scarlet scuderia', delivered a stirring performance to the delight of a notably sparse crowd in the grandstands of the old Autodromo Nazionale.



Alonso lost a place after starting from his 19th pole position, but fought back and aided by a dazzling Ferrari pit-stop was able to hold on to win ahead of second-placed defending champion Jenson Button of McLaren and Felipe Massa, in the second Ferrari.

It was his third win this season and the 24th victory of his career and, unlike his triumph in Germany in July, was this time produced without the aid of any team orders at Ferrari.

He now has 166 points and is back within reach of the championship leaders who, once again, shuffled their positions with sixth-placed Mark Webber taking over on top from Lewis Hamilton who crashed out in his McLaren on the opening lap.

Webber is on 187 points, five clear of luckless Hamilton with five races to go.


Amazingly, German Sebastian Vettel finished fourth after surviving early engine problems and diving in for an extraordinary 3.3 seconds pit-stop on the final lap.

Fellow-German Nico Rosberg finished fifth in the second Mercedes, ahead of Webber, German Nico Hulkenberg of Williams and Pole Robert Kubica of Renault who was eighth.




Seven-times champion Michael Schumacher, 41, gave his fans something to cheer after finishing ninth in the second Mercedes and his former Ferrari team-mate Rubens Barrichello was 10th for Williams.

Let's keep the fightings going on till the end of the season. As of now, there are still at least 5 drivers in with a chance of the championship title chase :)

Nadal wins US Open, Career Slam


Top seed Rafael Nadal of Spain won the US Open for the first time on Monday with a 6-4, 5-7, 6-4, 6-2 win over third seed Novak Djokovic of Serbia.


It was Nadal's ninth Grand Slam title win to go with his five French Opens, two Wimbledons and one Australian and it lifts him up to seventh in the all-time list behind leader Roger Federer who has 16.


It also completed the Grand Slam set for the Spaniard, making him the seventh player to have achieved this feat and made him just the fourth man to win three consecutive Grand Slam titles in the Open era dating back to 1968.


Nadal broke in the opening game of the match, but Djokovic broke back to level at 2-2. Another break for the world number one in the fifth game was enough to win him the first set.

Djokovic led 4-1 in the second set, but Nadal dug in to claw his way back to 4-4 before rain stopped play for nearly two hours. On the resumption, the Serb held and then broke Nadal for the second time in the match in the 12th game to level the set scores.


Nadal though broke again in the sixth game of the third set to move ahead again and when he ran off three games in a row to lead 3-1 in the fourth he was on his way to victory. -- AFP

Is the Federer era is really over? He can't seems to pull off great escapes recently. If this continues, I believe Rafa will be aiming at Federer's records very very soon :)

Monday, September 13, 2010

Lotus and Cosworth to part company


It has been confirmed that Lotus Racing has ended its engine partnership with Cosworth two years early, with a statement having been released by the Northampton-based manufacturer. At present, paddock gossip tips Renault as the most likely candidates to power the green and yellow cars in 2011.

The legendary Lotus team name made its return to Formula 1 at the start of 2010, having last been part of the championship under previous ownership in 1994. However, having been powered by Cosworth as well as Williams, Virgin Racing and Hispania this season, the agreement is now set to reach an early end.




'Cosworth has reached an agreement in principle with Lotus Racing whereby the team's Cosworth engine supply agreement will come to a conclusion at the end of the current Formula One season,' reads the statement.


'This agreement is subject to contract and until the agreement is signed neither party will be making any further comment.'

Let's hope Lotus made the right decision to drive the team forward and bring better results next season.