I previously promised to show you how technical analysis warned us of an impending disaster last year. I leave you with the charts:

The  above chart is a two-year weekly chart of the KSE index. If you followed my KSE analysis in the past then you would have realized the significance of moving averages. Here is, in my opinion, happened:

• At the very top of the chart, when the index was at its peak, we saw the first of a number of warning signs. You might realize that the highest reading is illustrated as a + sign. In technical analysis, this sign is called a doji. To explain further, the doji sign might mean that a reversal might start because investors are indecisive.
• I would not give this doji sign much importance because I don’t really like the idea of having only one reading determine market conditions for the near future. I like to see more gradual and prolonged changes to make sure I made an accurate analysis.
• The first warning sign came in around the beginning of August when the 5-week moving average (the red line) negatively intersected the 15-week moving average (the green line) The intersection point is shown with the first arrow.
• The second warning sign came a month later when the 15-week moving average also negatively intersected the 25-week moving average (the blue line) In the past, I explained that the larger the time frame of the moving average, the more significant it becomes. This mean that the second intersection, as shown by the second arrow, is a bigger and more direct warning signal.

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Yeah you guessed it… my PC went to ’sleep’ again. I mean 14 million KD in over an hour of trading is just ridiculous. I hope things get better in the next two hours.

The weather is bad, I’m sick AND I overslept today. Perfect ending to the perfect week.

Sub7an Allah, the weather seems to get worse as each weekend approaches…

Another pointless post… you were warned

Just got this by email…this guy is hilarious!

Check it out:

i guess this will arrive to the shalaih soon?! ;p

I don’t remember when they first aired this but I could say that my interest in fishing started when I watched this.

Today’s kids… go ahead, watch your Hannah Montana or whatever… you aint got nothing on us!

People have previously asked me about technical analysis and some more even dismissed it altogether. To all you non-believers out there… this post is for you.

To start, I shall generally explain the two majors schools of thought in the stock market world.

• We have the traditional fundamental analysts, who analyze financial statements and ratios to come up with an intrinsic value of a company.
• On the other side, we have the technical analysts. They basically look at historical price patterns to come up with entry and exit points.

When I started trading I dismissed technical analysis and said that it is an urban legend and would never work in a small, rumor-driven market like KSE. A friend taught me the basics back in 2006 and proved that it works perfectly in our market. From that day, I became a believer.

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A cool new social networking website named “Amazee” a social networking website where you can start or join a project, promote & raise funds for it, and collaborate with other people for its cause.  The people behind this project are truly dedicated good hearted people who are looking for better ways to promote social projects and awareness through different mediums to bring people together from all over the world and share a single cause, to simplify the concept its basically a social collaboration network.

“Amazee is the place in which you can bring your ideas to life in projects and work together with others to reach your goals – be they small or large. We are giving you the necessary tools and offer the publicity your projects need. All free of charge, of course.”

I had the pleasure of working for the founder of amazee before he started his new job and i truly wish him and his team all the best, follow the link to check out the website: LINK

We just received info about Kuwait mall’s latest iphone 3Gs offer, available on sale now officially unlocked iphone 3GS 32GB for KD 330 and the 16GB for KD 280 however if you tell them the magic word “4thringroad” you will get a KD 5 discount on the iphone of your choice. check them out www.kwtmall.com

 

                                                

What i like about pasta is its easy to cook. You dont have to follow complicated process and here is the way i do it ;).

Baked Pasta: bow tie pasta, Olive oil, Salt, Parmesan Cheese and cream on the side chicken or bacon if u want

First boil the water with some salt and olive oil then when the bubbles comes out add ur pasta and cover let it cook for 5-7min. close the fire remove the pasta then pour some cold water with olive oil (i usually add ice)

after leaving it cool for few minutes put olive oil in ur pot add the pasta let it fry then add 250ml of cream and keep moving till the cream becomes heavy

third and final step put ur pasta in baking bowl add another 250ml of cream shred some parmesan cheese let it bake for 20min. on 180c. or till the cheese turn goldish

ps. if ur adding chicken fry it with olive oil before addin the pasta in step 2 with the same pot and if ur adding bacon make it in another pan because it will be so oily

bel3afya ;)

Picture stolen from Buzberry

We recieved the following email from our friends at NBK:

“National Bank of Kuwait (NBK) announced today that it has successfully acquired 13.2% of the Kuwait Investment Authority’s (KIA) holding in Boubyan Bank via auction held today, raising NBK’s total ownership of Boubyan Bank to 27.5%. The deal amounted to KD 84.7 million representing around 321 million shares of Boubyan Bank. Nasser Al Sayer, NBK’s Vice Chairman, said that this was an important strategic move for NBK, providing the Bank with a gateway into the Islamic banking market. ‘Our main goal is to stabilize Boubyan Bank, enhance its position in the local market and develop its various Islamic banking services’, added Al Sayer. Al Sayer also stressed that the management and operations of NBK and Boubyan Bank would be kept separate and fully independent of each other in accordance with Islamic Banking law and regulation.”

Kuwaiti Islamic banks are notorious for poor management and that includes Boubyan Bank but this news might spur other banks to realize that. Just imagine, Islamic banking solutions with NBK-influenced professionalism!

Whenever I talk about NBK, I say the following:

الكبير يبقى كبير

Thanks Manal!

Remember when you were young you really wanted to sit in the front seat of the car?

I got this email forward… Apparently a guy was waiting for his wife and decided to have fun with his kids… enjoy:

I know this is wrong but I couldn’t stop laughing!

Fujifilm are set to release a cool new 3D digital camera, the FinePix Real 3D W1 camera has a 3D LCD system for on-camera viewing, Dual Capture Shooting Mode for taking two shots simultaneously with different settings.  The two lenses in the camera will give you the option to either shoot in 2D mode or 3D based on your preference.  The only catch is that Fujifilm will be the only ones who are capable of developing the films, however it is expected that they will also be providing 3D printers and digital frames to display the pictures…the release date is expected to be in late September and it will probably set you back $600.