For November 18th 2009

For November 18th 2009

Questions and suggestions? Contact me at [email protected] Any information contained in this document are based on or derived from information generally available to the public from sources believed to be reliable. There’s no representation or warranty is made or implied that it is accurate or complete. Any opinions expressed are subject to change without notice. This post has been prepared solely for information purposes and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy. CFD charts were generated using MetaTrader 4.0 with price data obtained from Google Finance. Beta numbers are obtained from Reuters.com.

Daikin Industries, Ltd. (TYO:6367)

Beta: 1.10 Daikin rallied past its prior high at ¥3,310 and hit ¥3,340 on Tuesday and subsequently settled the day at ¥3,320. The rally opened a way towards a test of ¥3,385/¥3,400 fibo retracement and projection targets. Downside support is seen at ¥3,220. Failure to hold above ¥3,220 may force the stock to retreat deeper towards ¥2,975/¥3,020 prior lows. Successful rally may aim for ¥3,480, ¥3,510, ¥3,545 and to as high as ¥3,690. The latter is the prior low now turned as resistance and also the 1.618x projection of the current rise. For Wednesday, look to enter long position with stop set below ¥3,220 and aiming for ¥3,385/¥3,400 first and later to as high as ¥3,690.

China Mobile, Ltd. (HKG:0941)

Beta: 0.97 Wave structure of China Mobile seen on the weekly chart suggests that we are now either in the beginning of a new impulse wave downwards in the form of wave 5, or the rally towards 92.25 from 50.50 was actually the first leg of wave 4. Either way, both scenarios suggested that the bearish outlook is still in place. Upside, the peak at 79.75 should be able to contain rally attempts, while on the downside, targets are seen at 71.40, 68.30/50, 66.50 and 61.45. Look to short China Mobile as long as it stays below 79.75, aiming at the aforementioned support levels. Set the stop above 79.75.

Bumi Serpong Damai Tbk. (JSX:BSDE)

Beta: 1.59 BSDE maintains its course inside an ascending price channel so far. Currently at 770, the stock seems to be on its way upwards towards the channel top which is approximately at 880. A series of zigzag-based projection levels are scattered on the upside, between 830 and 970, while on the downside the recent low at 740 will be the near-term support just above the channel bottom at 680 and the pivotal low at 610/630. With the bias clearly up, look to enter LONG with stop set below 740 or, if affordable, below 610. The objective should be around 830 to 880 first before shifting towards 970. Alternatively, one can wait until the price retouches the channel bottom first before establishing long positions. The drawback however, is that the anticipated dip may not happen after all and the chance will be missed.

Kalbe Farma Tbk (JSX:KLBF)

Beta: 1.00 KLBF is still stuck inside the price range between 1,160 and 1,390. Tuesday had ended in a bearish candle, but this should not change the neutral stance on this stock. Trading the range may be the best strategy at the moment, setting the stop below 1,160 for LONG positions taken and for SHORT positions, setting the stop above 1,390. Should this sideways channel broken upwards, I would expect a move towards 1,490 and later, 1,570. On the other side, below 1,160 may see 1,110 and later on , 940. Since we are near the top of the price range, a SHORT position will be favorable. Set the stop above 1,390 and aim for around 1,170. Near the channel bottom, we may want to reverse positions to LONG with stop set below 1,160 and aiming for the channel top again. If my assumption is correct, the zigzag from 1,390 is likely to end after 5 waves and since we are currently at the fourth, the fifth and the final wave will be downwards. After that, the sideways correction wave may end and KLBF will resume its previous course: upwards.

MARKET DATA – November 17th 2009 JAPAN - NIKKEI 225

Advantest Corp. Canon Inc. Daikin Industries Ltd. Honda Motor Co. Ltd Kyocera Corp Mitsubishi Estate Co. Ltd Nikon Corp Nippon Oil Corp Nippon Steel Corp Nissan Motor Co Ltd Sony Corp Sumitomo Metal Industries Ltd TDK Corp Tokyo Electron Ltd Toyota Motor Corp Nikkei 225

HONG KONG - HANG SENG INDEX

Bank of China Bank of Communications Bank of East Asia BOC Hongkong Ltd Cathay Pacific Air China Construction Bank Corp. China Life Insurance Company Ltd. China Merchants Holdings Co. Ltd. China Mobile China Overseas Land & Investment China Petroleum & Chemical Corp. China Resources Enterprise, Ltd. China Shenhua Energy Co. Ltd. China TelecomCorporation Ltd. CITIC Pacific Ltd. COSCO Pacific Ltd. Esprit Holdings Foxconn International Holdings Ltd. Hang Lung Properties Ltd. Henderson Land Development Co. Ltd. HK Electric Holdings Ltd. Hong Kong & China Gas Company Ltd. Hutchison Whampoa Ltd. Industrial & Commercial Bank of China Ltd. MTR Corporation Ltd. New World Development Company Ltd. PetroChina Company Ltd. Ping An Insurance Company of China Ltd. Sino Land Co. Ltd. Wharf Holdings Ltd. Hang Seng Index

Open 2,020 3,440 3,330 2,885 7,370 1,347 1,679 396 337 655 2,560 229 5,030 4,910 3,560 9,834.58

High 2,060 3,480 3,350 2,900 7,380 1,381 1,703 399 339 659 2,570 231 5,040 4,950 3,590 9,847.64

Low 2,020 3,430 3,290 2,860 7,250 1,347 1,652 388 334 644 2,510 228 4,850 4,820 3,550 9,715.28

Close 2,035 3,470 3,290 2,880 7,270 1,369 1,661 390 335 648 2,525 229 4,870 4,850 3,570 9,729.93

Prv Dy 2,005 3,370 3,320 2,880 7,290 1,342 1,679 392 334 654 2,530 228 5,010 4,880 3,550 9,791.18

Open High Low Close Prv Dy 4.89 4.95 4.85 4.93 4.94 9.82 9.93 9.79 9.89 9.92 32.50 32.95 32.05 32.20 33.10 19.88 19.88 19.38 19.42 19.60 14.00 14.12 13.40 13.96 13.76 7.46 7.46 7.30 7.39 7.40 38.80 38.85 38.30 38.75 39.10 26.35 26.45 25.80 25.95 26.35 74.65 74.85 74.10 74.40 74.20 17.40 17.54 17.20 17.44 17.44 6.80 6.86 6.72 6.79 6.78 25.70 25.70 25.15 25.30 25.65 40.00 40.10 39.15 39.45 39.60 3.60 3.60 3.56 3.59 3.58 22.15 22.65 21.75 22.35 22.15 11.50 11.74 11.34 11.58 11.44 53.00 53.10 52.70 52.80 52.80 6.85 7.08 6.80 7.07 6.84 32.80 32.80 31.60 32.10 31.90 54.90 55.00 54.20 54.95 54.70 42.35 42.35 41.60 41.85 42.15 18.32 18.50 18.22 18.36 18.46 54.90 55.25 54.80 54.80 55.20 6.97 6.98 6.87 6.90 6.97 27.30 27.30 26.90 27.05 27.40 16.70 16.82 16.42 16.52 16.90 10.02 10.12 9.91 10.12 10.06 73.50 74.10 72.95 73.85 73.60 14.38 14.48 14.02 14.06 14.52 41.60 41.85 41.00 41.10 41.85 23,000.37 23,000.37 22,770.69 22,914.15 22,943.98

Dy Chg 1.50% 2.97% -0.90% 0.00% -0.27% 2.01% -1.07% -0.51% 0.30% -0.92% -0.20% 0.44% -2.79% -0.61% 0.56% -0.63% Dy Chg -0.20% -0.30% -2.72% -0.92% 1.45% -0.14% -0.90% -1.52% 0.27% 0.00% 0.15% -1.36% -0.38% 0.28% 0.90% 1.22% 0.00% 3.36% 0.63% 0.46% -0.71% -0.54% -0.72% -1.00% -1.28% -2.25% 0.60% 0.34% -3.17% -1.79% -0.13%

Indonesia - Jakarta Stock Exchange

Astra Agro Lestari Tbk Adaro Energy Tbk Aneka Tambang (Persero) Tbk Astra International Tbk Bank Central Asia Tbk Bank Negara Indonesia Tbk Bank Rakyat Indonesia Tbk Bank Danamon Tbk Berlian Laju Tanker Tbk Bank Mandiri (Persero) Tbk Barito Pacific Tbk Bumi Serpong Damai Tbk Bakrie TelecomTbk Bumi Resources Tbk Central Proteinaprima Tbk Ciputra Property Tbk Bakrieland Development Tbk Indofood Sukses Makmur Tbk Indika Energy Tbk Indocement Tunggal Prakasa Tbk Indo Tambangraya Megah Tbk Jasa Marga (Persero) Tbk Kawasan Industri Jababeka Tbk Kalbe Farma Tbk Lippo Karawaci Tbk PP London Sumatera Tbk Medco Energi International Tbk Perusahaan Gas Negara Tbk Tambang Batubara Bukit Asam Holcim Indonesia Tbk Semen Gresik (Persero) Tbk Telekomunikasi Indonesia Tbk Truba AlamManunggal E. Tbk Bakrie Sumatra Plantations Tbk United Tractors Tbk JSX Composite

Open 22,900 1,710 2,400 33,600 4,750 2,000 7,550 4,475 690 4,925 1,410 770 135 2,650 67 285 290 3,175 2,275 11,700 27,250 1,850 130 1,330 590 7,850 2,725 3,725 15,300 1,680 7,250 8,850 128 790 15,950 2,468.99

High 23,050 1,720 2,525 33,900 4,800 2,025 7,750 4,525 700 4,950 1,420 770 148 2,675 70 285 295 3,200 2,300 11,900 27,650 1,880 130 1,350 600 8,050 2,725 3,800 15,550 1,690 7,450 9,000 135 790 15,950 2,487.02

Low 22,500 1,680 2,375 33,500 4,725 1,970 7,500 4,425 680 4,825 1,380 750 131 2,525 66 275 285 3,125 2,175 11,500 26,600 1,850 126 1,310 570 7,800 2,650 3,725 15,100 1,640 7,200 8,850 126 770 15,750 2,461.28

Close 22,650 1,700 2,425 33,650 4,775 1,990 7,700 4,475 690 4,875 1,400 770 147 2,575 68 280 290 3,200 2,225 11,650 27,050 1,870 129 1,320 590 7,950 2,675 3,775 15,350 1,660 7,400 8,900 132 770 15,850 2,473.79

Prv Dy 22,900 1,710 2,375 33,550 4,725 2,025 7,500 4,450 680 4,925 1,410 770 134 2,600 67 280 285 3,175 2,275 11,650 27,300 1,840 129 1,330 580 7,850 2,725 3,750 15,300 1,670 7,200 8,850 127 780 15,900 2,468.68

Dy Chg -1.09% -0.58% 2.11% 0.30% 1.06% -1.73% 2.67% 0.56% 1.47% -1.02% -0.71% 0.00% 9.70% -0.96% 1.49% 0.00% 1.75% 0.79% -2.20% 0.00% -0.92% 1.63% 0.00% -0.75% 1.72% 1.27% -1.83% 0.67% 0.33% -0.60% 2.78% 0.56% 3.94% -1.28% -0.31% 0.21%