DUBAI WORLD - UAE HAS REASON TO BE PROUD

UAE has every reason to be proud, UAE paper

Dec 3, 2009 - 09:41 - WAM Sharjah, Dec, 3rd 2009 (WAM) -- As the United Arab Emirates (UAE) celebrates its 38th National Day, the leadership and people of the country have every reason to be proud of what they have achieved. From windswept oases has sprung a vibrant country that is a match to any advanced state in the East or West, commented a UAE daily. At the same time, the UAE has not allowed modernism to have any impact on the Arab culture and traditions that its people hold so dear and near and His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice- President, Prime Minister and Ruler of Dubai and indeed the Supreme Council Members assured everyone on the occasion of the National Day, the UAE is stronger and better off because its economy is fine and the society is founded on integrity, transparency, rights, freedom and respect, opined Sharjah based-English language newspaper " The Gulf Today" in its today's editorial "UAE has every reason to be proud". "Indeed, the prosperity that the UAE enjoys is a source of envy for many around the world who lack the vision and foresight of the leadership of the UAE. And it is behind the Trend of some to grab and take any opportunity to try to taint the UAE's image", it added."We have been seeing this happening since the global economic recession that hit late last year. We have seen a consistent pattern of attempts to paint the UAE in a negative light. It was as if someone had a hidden agenda and a dictated game was being played out by people who appeared to be giving vent to their frustrations through badmouthing", the paper underscored.Well, those attempts did not really have an impact because both local and foreign residents of the region and beyond know that the UAE's economy remains as strong as ever and is poised to grow faster than most others elsewhere.Of course, no country is spared from the effects of the global economic recession. The UAE is not an exception to the global chain of events. However, the UAE has not only withstood the impact of the recession but has also adjusted and accommodated itself to the changes in the global economic scene. "It is looking forward to continued economic growth and prosperity for its people with confidence. And that stands out as one of the country's most notable achievements as it celebrates its National Day with a united voice and determination to march ahead in full force", it concluded. WAM/AMIR

TREND CAN BE YOUR ENEMY TOO !

True, Trend is you friend but it can be your enemy too.

Do not follow blindly.

FBMKLCI - TRADING POSITION - NOVEMBER

Indicator 1
- Long at 1243, liquidate at 1273 - 30 points
- Short at 1273, liquidate at 1282 - minus 9 points

Total points - 21

- Long at 1282, still holding on 19th

Indicator 2
- Long at 1243, still holding on 19th

FBMKLCI - PERFORMANCE - OCTOBER 2009

Performance of FBMKLCI - Month of October

Indicator 1 and 2
- Long at 1206, liquidate at 1260 - 54 points
- Short at 1260, liquidate at 1243 - 17 points

Total points - 71

TRADING POSITIONS

Long at average 1270 - 1284

MARKET TREND

Market trend is now up.

Remember, trend is your friend.

Follow the trend then.

FBMKLCI 1300?

FBMKLCI is expected to move to 1300 in respond to the Budget to be presented by the PM DS NAJIB TUN RAZAK.