For November 18th 2009

Questions and suggestions? Contact me at market.techspeak@gmail.com

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 Open High Low Close Prv Dy Dy Chg
Advantest Corp. 2,020 2,060 2,020 2,035 2,005 1.50%
Canon Inc. 3,440 3,480 3,430 3,470 3,370 2.97%
Daikin Industries Ltd. 3,330 3,350 3,290 3,290 3,320 -0.90%
Honda Motor Co. Ltd 2,885 2,900 2,860 2,880 2,880 0.00%
Kyocera Corp 7,370 7,380 7,250 7,270 7,290 -0.27%
Mitsubishi Estate Co. Ltd 1,347 1,381 1,347 1,369 1,342 2.01%
Nikon Corp 1,679 1,703 1,652 1,661 1,679 -1.07%
Nippon Oil Corp 396 399 388 390 392 -0.51%
Nippon Steel Corp 337 339 334 335 334 0.30%
Nissan Motor Co Ltd 655 659 644 648 654 -0.92%
Sony Corp 2,560 2,570 2,510 2,525 2,530 -0.20%
Sumitomo Metal Industries Ltd 229 231 228 229 228 0.44%
TDK Corp 5,030 5,040 4,850 4,870 5,010 -2.79%
Tokyo Electron Ltd 4,910 4,950 4,820 4,850 4,880 -0.61%
Toyota Motor Corp 3,560 3,590 3,550 3,570 3,550 0.56%
Nikkei 225 9,834.58 9,847.64 9,715.28 9,729.93 9,791.18 -0.63%

HONG KONG - HANG SENG INDEX Open High Low Close Prv Dy Dy Chg
Bank of China 4.89 4.95 4.85 4.93 4.94 -0.20%
Bank of Communications 9.82 9.93 9.79 9.89 9.92 -0.30%
Bank of East Asia 32.50 32.95 32.05 32.20 33.10 -2.72%
BOC Hongkong Ltd 19.88 19.88 19.38 19.42 19.60 -0.92%
Cathay Pacific Air 14.00 14.12 13.40 13.96 13.76 1.45%
China Construction Bank Corp. 7.46 7.46 7.30 7.39 7.40 -0.14%
China Life Insurance Company Ltd. 38.80 38.85 38.30 38.75 39.10 -0.90%
China Merchants Holdings Co. Ltd. 26.35 26.45 25.80 25.95 26.35 -1.52%
China Mobile 74.65 74.85 74.10 74.40 74.20 0.27%
China Overseas Land & Investment 17.40 17.54 17.20 17.44 17.44 0.00%
China Petroleum & Chemical Corp. 6.80 6.86 6.72 6.79 6.78 0.15%
China Resources Enterprise, Ltd. 25.70 25.70 25.15 25.30 25.65 -1.36%
China Shenhua Energy Co. Ltd. 40.00 40.10 39.15 39.45 39.60 -0.38%
China TelecomCorporation Ltd. 3.60 3.60 3.56 3.59 3.58 0.28%
CITIC Pacific Ltd. 22.15 22.65 21.75 22.35 22.15 0.90%
COSCO Pacific Ltd. 11.50 11.74 11.34 11.58 11.44 1.22%
Esprit Holdings 53.00 53.10 52.70 52.80 52.80 0.00%
Foxconn International Holdings Ltd. 6.85 7.08 6.80 7.07 6.84 3.36%
Hang Lung Properties Ltd. 32.80 32.80 31.60 32.10 31.90 0.63%
Henderson Land Development Co. Ltd. 54.90 55.00 54.20 54.95 54.70 0.46%
HK Electric Holdings Ltd. 42.35 42.35 41.60 41.85 42.15 -0.71%
Hong Kong & China Gas Company Ltd. 18.32 18.50 18.22 18.36 18.46 -0.54%
Hutchison Whampoa Ltd. 54.90 55.25 54.80 54.80 55.20 -0.72%
Industrial & Commercial Bank of China Ltd. 6.97 6.98 6.87 6.90 6.97 -1.00%
MTR Corporation Ltd. 27.30 27.30 26.90 27.05 27.40 -1.28%
New World Development Company Ltd. 16.70 16.82 16.42 16.52 16.90 -2.25%
PetroChina Company Ltd. 10.02 10.12 9.91 10.12 10.06 0.60%
Ping An Insurance Company of China Ltd. 73.50 74.10 72.95 73.85 73.60 0.34%
Sino Land Co. Ltd. 14.38 14.48 14.02 14.06 14.52 -3.17%
Wharf Holdings Ltd. 41.60 41.85 41.00 41.10 41.85 -1.79%
Hang Seng Index 23,000.37 23,000.37 22,770.69 22,914.15 22,943.98 -0.13%
 Indonesia - Jakarta Stock Exchange Open High Low Close Prv Dy Dy Chg
Astra Agro Lestari Tbk 22,900 23,050 22,500 22,650 22,900 -1.09%
Adaro Energy Tbk 1,710 1,720 1,680 1,700 1,710 -0.58%
Aneka Tambang (Persero) Tbk 2,400 2,525 2,375 2,425 2,375 2.11%
Astra International Tbk 33,600 33,900 33,500 33,650 33,550 0.30%
Bank Central Asia Tbk 4,750 4,800 4,725 4,775 4,725 1.06%
Bank Negara Indonesia Tbk 2,000 2,025 1,970 1,990 2,025 -1.73%
Bank Rakyat Indonesia Tbk 7,550 7,750 7,500 7,700 7,500 2.67%
Bank Danamon Tbk 4,475 4,525 4,425 4,475 4,450 0.56%
Berlian Laju Tanker Tbk 690 700 680 690 680 1.47%
Bank Mandiri (Persero) Tbk 4,925 4,950 4,825 4,875 4,925 -1.02%
Barito Pacific Tbk 1,410 1,420 1,380 1,400 1,410 -0.71%
Bumi Serpong Damai Tbk 770 770 750 770 770 0.00%
Bakrie TelecomTbk 135 148 131 147 134 9.70%
Bumi Resources Tbk 2,650 2,675 2,525 2,575 2,600 -0.96%
Central Proteinaprima Tbk 67 70 66 68 67 1.49%
Ciputra Property Tbk 285 285 275 280 280 0.00%
Bakrieland Development Tbk 290 295 285 290 285 1.75%
Indofood Sukses Makmur Tbk 3,175 3,200 3,125 3,200 3,175 0.79%
Indika Energy Tbk 2,275 2,300 2,175 2,225 2,275 -2.20%
Indocement Tunggal Prakasa Tbk 11,700 11,900 11,500 11,650 11,650 0.00%
Indo Tambangraya Megah Tbk 27,250 27,650 26,600 27,050 27,300 -0.92%
Jasa Marga (Persero) Tbk 1,850 1,880 1,850 1,870 1,840 1.63%
Kawasan Industri Jababeka Tbk 130 130 126 129 129 0.00%
Kalbe Farma Tbk 1,330 1,350 1,310 1,320 1,330 -0.75%
Lippo Karawaci Tbk 590 600 570 590 580 1.72%
PP London Sumatera Tbk 7,850 8,050 7,800 7,950 7,850 1.27%
Medco Energi International Tbk 2,725 2,725 2,650 2,675 2,725 -1.83%
Perusahaan Gas Negara Tbk 3,725 3,800 3,725 3,775 3,750 0.67%
Tambang Batubara Bukit Asam 15,300 15,550 15,100 15,350 15,300 0.33%
Holcim Indonesia Tbk 1,680 1,690 1,640 1,660 1,670 -0.60%
Semen Gresik (Persero) Tbk 7,250 7,450 7,200 7,400 7,200 2.78%
Telekomunikasi Indonesia Tbk 8,850 9,000 8,850 8,900 8,850 0.56%
Truba AlamManunggal E. Tbk 128 135 126 132 127 3.94%
Bakrie Sumatra Plantations Tbk 790 790 770 770 780 -1.28%
United Tractors Tbk 15,950 15,950 15,750 15,850 15,900 -0.31%
JSX Composite 2,468.99 2,487.02 2,461.28 2,473.79 2,468.68 0.21%