ShareJunction - Member Posts

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Stocks' rally could find more fuel through June

[Sunday, June 07, 2009 | 0 comments ]

NEW YORK (MarketWatch) -- With a much better-than-expected jobs report under its belt, the market might forge ahead next week, a fairly light one in terms of economic and corporate news.
"There are enough investors out there that do feel they have missed the market's rally since early March," said Michael Sheldon, chief market strategist at RDM Financial.

"The quarter end is approaching and funds are having to show how well they've done to their shareholders," he said. "I wouldn't be surprised to see it continue over the next couple of weeks."

On Friday, news that the U.S. economy lost fewer jobs than expected in May failed to provide much of a boost to a market apparently satiated with economic news that has turned out to be less bad than originally feared.

Payrolls fell 345,000, much less than the 500,000 expected by economists surveyed by MarketWatch, but the jobless rate still rose to 9.4%, a 26-year high

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From DMG:
Midas Holdings: Secures contracts worth Rmb603m (BUY\S$0.655\Target Under Review)
Singapore Research
Secures largest-ever project order win.
Division, Jilin Midas Aluminium Industries, has secured two contracts that are worth Rmb603m
collectively. These contracts will be for the supply of aluminium alloy extrusion profiles for a total
of 100 train sets for the inter-city high-speed train CRH3-380 project in China.Midas Holdings announced that its Aluminium Alloy
We reiterate that Midas’ ability to clinch these contacts
position in the PRC rail transportation sector. Additionally, the PRC government’s Rmb4 trillion
stimulus package – which has a strong focus on rail infrastructural development – is generating
many opportunities in the railway infrastructure market.further proves its market leadership
Valuations.

maintain our BUY recommendation with target price of S$0.855 under review.These two contracts are expected to be earnings-accretive for 2H09 to 2011. We

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No tools n system are infallible just as the info u had about BBs, u too can be played out at times by other BBs tat u are not aware of, but simple common sense will tell u tat no tradesman can work without a tool just as a ship cannot travel in the ocean without a navigation system.

Trading without a guiding tool is just like a headless fly with no sense of the trend n direction.

To each his own, there are FA practitioner, as well as TA practitioner as wellas both FA/TA practitioner (I belongs to this group), there BB-tracker practitioner just like u but all are not infallible, there is no godly tools in this world.

newtothis ( Date: 17-Jun-2009 06:25) Posted:

I know what you are trying to say. But you seems to be sticking to your TA like a godly tool. You can use it as a guide like i say. You should consider other influencing factors as well, that is what i am saying.

There is no system in this world that accurately plot the behaviour of BB and predict the course. You can only use it as a guide.

I can accurately predict a share 80% of the time the method i am using. (Charts + Many other things)

Good luck today.

richtan ( Date: 17-Jun-2009 01:02) Posted:

Again, no offence intended n no hard feelings, u claim tat u know TA but it seems either your knowledge of TA is shallow or probably u had forgotten wat u had read or either u are contradicting yourself as u dun really know TA, why I said tat, bcos if u had remembered or mastered TA n read up all those TA books, it is mentioned tat TA is not the "holy grail" n is "not infallible", thus the importance of "Plan your trade n trade your plan" n "set your cut-loss point", this is not said by me but in most TA books.

If u are really keen or wish to refresh your knowledge of TA, do some research or or do a search of my posting n read up those few TA books I had previously recommended, it is mentioned in most of these books, eg "Technical Analysis of the Futures Mkts" by John Murphy, "Japanese Candlestick Charting Techniques" by Steve Nison n particularly in "Trading for a Living" by Dr. Alexander Elder.

U are puting words in my mouth, I had n will never in any postings "ask forumers to jump in", I merely post the facts such as "TA analysis", "Time n sales", "Trade Summary" n likewise l will not go to the extent of "advice people to go in at 0.145", dun believe - just look at my below chart posting n I too always mentioned "dyodd", unless u dun know wat is "dyodd"

As I had mentioned in my previous posting (dun believe, do a search), I mentioned tat there will always be poor people as not all people read charts, there are those speculators, buying blindly based on friend's tips, even those tat read charts, they may either interpret it wrongly or if they interpret it correctly, there is this element called "unpredictability", thus why TA is not infallible, causing the candles to turn against them, thus the need to set cut-loss point, not possible tat every trades make money.

U may be right this time just as I had been right other times but not everytime, thus there is no need to gloat n blow your trumpet as u may be wrong the next time as u can't possibly know all the BBs in the whole world.

Also, if u really know or remembered wat u read in those TA books, u should know tat it is a bonus if u know "why the volume shoot-up" but a true TA practitioner do not need to know "why the volume shoot-up", except tat it is important to know n interpret the "price-volume" action just as u dun need to know how a car works to drive a car, how a TV works to watch a TV programme, how a pc works to use a pc, etc, etc, etc.

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Just b careful n not conned by all these queues, at most times they are fake sell q by syndicates or BB to block n create a fear while at the same time, they had aredi queued at the buy q waiting for u to throw to them n likewise, if they want to sell to u, they will put a big block behind the buy q to create the impression of a big buy q n had aredi queued at the sell q waiting for u to buy from them, they are very alert n can pullout of the q anytime they want.

Anyway, this is just my opinion, not an inducement to buy or sell, dyodd

aleoleo ( Date: 17-Jun-2009 09:12) Posted:

profit taking ???? big resistance now ... alot of seller Q to sell ....

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Again, no offence intended n no hard feelings, u claim tat u know TA but it seems either your knowledge of TA is shallow or probably u had forgotten wat u had read or either u are contradicting yourself as u dun really know TA, why I said tat, bcos if u had remembered or mastered TA n read up all those TA books, it is mentioned tat TA is not the "holy grail" n is "not infallible", thus the importance of "Plan your trade n trade your plan" n "set your cut-loss point", this is not said by me but in most TA books.

If u are really keen or wish to refresh your knowledge of TA, do some research or or do a search of my posting n read up those few TA books I had previously recommended, it is mentioned in most of these books, eg "Technical Analysis of the Futures Mkts" by John Murphy, "Japanese Candlestick Charting Techniques" by Steve Nison n particularly in "Trading for a Living" by Dr. Alexander Elder.

U are puting words in my mouth, I had n will never in any postings "ask forumers to jump in", I merely post the facts such as "TA analysis", "Time n sales", "Trade Summary" n likewise l will not go to the extent of "advice people to go in at 0.145", dun believe - just look at my below chart posting n I too always mentioned "dyodd", unless u dun know wat is "dyodd"

As I had mentioned in my previous posting (dun believe, do a search), I mentioned tat there will always be poor people as not all people read charts, there are those speculators, buying blindly based on friend's tips, even those tat read charts, they may either interpret it wrongly or if they interpret it correctly, there is this element called "unpredictability", thus why TA is not infallible, causing the candles to turn against them, thus the need to set cut-loss point, not possible tat every trades make money.

U may be right this time just as I had been right other times but not everytime, thus there is no need to gloat n blow your trumpet as u may be wrong the next time as u can't possibly know all the BBs in the whole world.

Also, if u really know or remembered wat u read in those TA books, u should know tat it is a bonus if u know "why the volume shoot-up" but a true TA practitioner do not need to know "why the volume shoot-up", except tat it is important to know n interpret the "price-volume" action just as u dun need to know how a car works to drive a car, how a TV works to watch a TV programme, how a pc works to use a pc, etc, etc, etc.

newtothis ( Date: 16-Jun-2009 23:55) Posted:

LOL. Didnt i mention it did try to plot the behavior of a share ? Maybe I need to be more specific ? :) I do understand TA.

Since China Hongx is $0.190 i read your post. At the same time i dispose all my shares. Why ? Because I know a sell off is coming ....

You keep asking people to jump in and buy china hongx. If those people really jump in and buy at 0.190 .... How much have they lost ? You tell people to accumulate at $0.190 ... which i signal its too danagerous and your not happy. But what have the recent market prove ? Since your TA is so good, shouldnt you advice people to go in at 0.145 ?

If TA can really predict what BBs will do ..... They will be no poor people already. There are so much strategy and so deep in trading shares done by the BB. I know your good in TA and i must admit that it is useful but with TA alone it is not sufficient.

When the price shot up with a huge volume do you know what actually happen ?

Anyway I am learning everyday. Shares are really smart game not just any TA can predict it. Anyway that just my 2 cents. No system in this world can really capture and predict the share prices of the future. Please use it wisely.

richtan ( Date: 16-Jun-2009 23:19) Posted:

Sorrry, this is not my baby, as a firm believer n die-hardcore TA practitioner, I dun fall in love with any particular stocks.

As a TA practitioner, I plan my trade n trade my plan, I m prepared to take profit the moment it closes below 0.15, period.

Sorry, no insult intended, but I m afraid your understanding of TA might be shallow, unless if u are really keen to master TA, read up more TA books n it will tell u tat all human pyschology, sentiments, emotions, greed n fear are all captured in the charts, this is not said by me.

U need not believe me in wat I said, if u are seriously keen to verify this facts, research TA books or do a search for the few TA books I had recommended, it is all mentioned in it, to name a few: "Technical Analysis of the Futures Mkts" by John Murphy, "Japanese Candlestick Charting" by Steve Nison n particularly, in this book: "Trading for a Living" by Dr. Alexander Elder

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newtothis ( Date: 16-Jun-2009 23:55) Posted:

LOL. Didnt i mention it did try to plot the behavior of a share ? Maybe I need to be more specific ? :) I do understand TA.

Since China Hongx is $0.190 i read your post. At the same time i dispose all my shares. Why ? Because I know a sell off is coming ....

You keep asking people to jump in and buy china hongx. If those people really jump in and buy at 0.190 .... How much have they lost ? You tell people to accumulate at $0.190 ... which i signal its too danagerous and your not happy. But what have the recent market prove ? Since your TA is so good, shouldnt you advice people to go in at 0.145 ?

If TA can really predict what BBs will do ..... They will be no poor people already. There are so much strategy and so deep in trading shares done by the BB. I know your good in TA and i must admit that it is useful but with TA alone it is not sufficient.

When the price shot up with a huge volume do you know what actually happen ?

Anyway I am learning everyday. Shares are really smart game not just any TA can predict it. Anyway that just my 2 cents. No system in this world can really capture and predict the share prices of the future. Please use it wisely.

richtan ( Date: 16-Jun-2009 23:19) Posted:

Sorrry, this is not my baby, as a firm believer n die-hardcore TA practitioner, I dun fall in love with any particular stocks.

As a TA practitioner, I plan my trade n trade my plan, I m prepared to take profit the moment it closes below 0.15, period.

Sorry, no insult intended, but I m afraid your understanding of TA might be shallow, unless if u are really keen to master TA, read up more TA books n it will tell u tat all human pyschology, sentiments, emotions, greed n fear are all captured in the charts, this is not said by me.

U need not believe me in wat I said, if u are seriously keen to verify this facts, research TA books or do a search for the few TA books I had recommended, it is all mentioned in it, to name a few: "Technical Analysis of the Futures Mkts" by John Murphy, "Japanese Candlestick Charting" by Steve Nison n particularly, in this book: "Trading for a Living" by Dr. Alexander Elder

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Sorry, should be http://www.breakpointtrades.com/newsletter_signup.htm

pilotfish ( Date: 16-Jun-2009 23:24) Posted:

Hi Foucs6900

Have u done the FA for the company. If FA shows that the company is strong base on ast years record than you must well consider for long term investment rather than buy on emotion sell on fear.
Hold on to it for 1 or 2 years, you are definitely on the winning side. If you sell now at a lower price than you are incurring a lost.

Richtan has provide a link for free tutorial on TA @ http://www.oilngold.com/.
He has also provide a link on how expert analyse charts @ http://www.breakpoint.com

Back to AUSGroup, today ended with a hammer, a sign intraday trader love to see. Nevertheless the downward momentum is still intacted. However, another upward wave is expected after this correction before heading for a bigger correction.

Just my view

foucs6900 ( Date: 16-Jun-2009 19:55) Posted:

Hi Pilotfish,

Tks for the guide, but me still very green horn in tis chart reading yet so cant understnad much, sori ! I only hope tmr will rasie abit close to 0.6 so i can cut min loss for tis stock !

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CHHX today formed a doji hammer, a potential possibly reversal candle (see below chart posting) n could possibly head up

towards the sloping resistance n also possibly break-up above it, repeating like the previous similar-looking flagpole with sloping channel

This is just my opinion, I may b wrong, so dyodd.

richtan ( Date: 16-Jun-2009 18:56) Posted:

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Sorrry, this is not my baby, as a firm believer n die-hardcore TA practitioner, I dun fall in love with any particular stocks.

As a TA practitioner, I plan my trade n trade my plan, I m prepared to take profit the moment it closes below 0.15, period.

Sorry, no insult intended, but I m afraid your understanding of TA might be shallow, unless if u are really keen to master TA, read up more TA books n it will tell u tat all human pyschology, sentiments, emotions, greed n fear are all captured in the charts, this is not said by me.

U need not believe me in wat I said, if u are seriously keen to verify this facts, research TA books or do a search for the few TA books I had recommended, it is all mentioned in it, to name a few: "Technical Analysis of the Futures Mkts" by John Murphy, "Japanese Candlestick Charting" by Steve Nison n particularly, in this book: "Trading for a Living" by Dr. Alexander Elder

newtothis ( Date: 16-Jun-2009 19:06) Posted:

Share is control by people, and this week sell down is by a group of BBs.

There is a particular group has been trying to sell down China Hongx for a long time. Therefore based on the market wave, others BB join in the ride. China Hongx will not break $0.22 until you see a significant evidence that China growth can sustain its growth. The fundamentals of China Hongx on paper looks too good to be true.

You play shares not just based on charts, You have to consider other factors, such as the market, the operating environment, etc.... You got to have ground people in china to really know whats going on. Chart is trying to plot the behaviour it might work on the same BB sometimes but it often prove to be wrong as others BB will join in and mess up the whole game. If that BB is stronger than the other BB who try to hold. It will ultimately follow suit selling short on other account to cover its losses.

The post i say it was selling down was based on my calculation at @2:25pm. With all my information & data on hands. Then I have to meet some important people, so i wasnt inform of the latest development.

Anyway i have decided to stop commenting on this share :) since this is your baby.

Good luck

richtan ( Date: 16-Jun-2009 18:48) Posted:

No offence n no hard feelings.

Wat makes u think tat "preparing for another selldown", I/we would sincerely appreciate if u could care to substantiate with some facts to elaborate.

Let's make this forum a "top-notch" forum with value-added postings,where we can exchange pointers n learn from each other, instead of generalised, factless, unsubstantiated posting n not degrade this forum to be like other "fish mkt" forum which I dun even bother to visit once I know it is a junk forum.

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Congrats to those holding Midas, huat ahhh......

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No offence n no hard feelings.

Wat makes u think tat "preparing for another selldown", I/we would sincerely appreciate if u could care to substantiate with some facts to elaborate.

Let's make this forum a "top-notch" forum with value-added postings,where we can exchange pointers n learn from each other, instead of generalised, factless, unsubstantiated posting n not degrade this forum to be like other "fish mkt" forum which I dun even bother to visit once I know it is a junk forum.

newtothis ( Date: 16-Jun-2009 14:25) Posted:

They have shorters already covered. Preparing for another sell down soon T.T

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It could be contract awards, which Midas had been waiting, it had been mentioned in brokers report about Midas pending contract awards, hope for good news n tomoro Midas chiong.

foucs6900 ( Date: 16-Jun-2009 15:49) Posted:

cool bro, is trading halt only, pending for latest news ! hope is gd news for all, cheers....

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Ooops, sorry, should be http://www.breakpointtrades.com/newsletter_signup.htm

richtan ( Date: 16-Jun-2009 14:42) Posted:

Oh yes, if u are keen to learn from some experts n see how they analyse charts, u can try www.breakpoint.com

richtan ( Date: 16-Jun-2009 14:40) Posted:

Hi Irene,

Ooops, sorry for the belated thanks for your compliments, no lah, I m not a rare gem, there are many other more rare gems in this forum.

Frankly, this is a much better forum with more value-added n substance postings (albeit some occasional hot-air emotional postings)

than some other forums, I shall not name tat forum here, look, search around n go there n u will know wat I mean.

U really make my day despite I had some TA detractors who does not appreciate my sincere sharing n yet taunt at me,

but it doesn't hurt me at all as it does not hurt my pockets a single bit.

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Oh yes, if u are keen to learn from some experts n see how they analyse charts, u can try www.breakpoint.com

richtan ( Date: 16-Jun-2009 14:40) Posted:

Hi Irene,

Ooops, sorry for the belated thanks for your compliments, no lah, I m not a rare gem, there are many other more rare gems in this forum.

Frankly, this is a much better forum with more value-added n substance postings (albeit some occasional hot-air emotional postings)

than some other forums, I shall not name tat forum here, look, search around n go there n u will know wat I mean.

U really make my day despite I had some TA detractors who does not appreciate my sincere sharing n yet taunt at me,

but it doesn't hurt me at all as it does not hurt my pockets a single bit.

IreneL ( Date: 16-Jun-2009 11:11) Posted:

Hi RichTan

I am impressed with your willingness to share your knowledge and information with others,

particularly on charting. Did you attend some seminars/trainings or you just read from som

TA books. All the same, you are a rare Gem.

I am lousy with chartings.

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Hi Irene,

Ooops, sorry for the belated thanks for your compliments, no lah, I m not a rare gem, there are many other more rare gems in this forum.

Frankly, this is a much better forum with more value-added n substance postings (albeit some occasional hot-air emotional postings)

than some other forums, I shall not name tat forum here, look, search around n go there n u will know wat I mean.

U really make my day despite I had some TA detractors who does not appreciate my sincere sharing n yet taunt at me,

but it doesn't hurt me at all as it does not hurt my pockets a single bit.

IreneL ( Date: 16-Jun-2009 11:11) Posted:

Hi RichTan

I am impressed with your willingness to share your knowledge and information with others,

particularly on charting. Did you attend some seminars/trainings or you just read from som

TA books. All the same, you are a rare Gem.

I am lousy with chartings.

richtan ( Date: 16-Jun-2009 10:36) Posted:

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No need to get emotional n sigh, remember trading maxim: "plan your trade n trade your plan", look at the other thread under ausgroup or do your own chart analysis.

oceanblue ( Date: 16-Jun-2009 14:22) Posted:

Keep dropping? Sigh!

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Either this Russian minister "bo liow wan" or given some "under the table" benefits, even a man on the streets know tat printing trillions of money will devalue a currency, lucky Singapore dun have such a minister.

cheongwee ( Date: 16-Jun-2009 14:13) Posted:

I believe this is a scam, between US call russia to tok up the dollar so they can continue to borrow..now they did it..but China,( they have not been buyin )is the greatest buyer, no russia..what the heck market response to a russia minister tok rot..

i believe russia tend to gain under the table..

http://money.cnn.com/2009/06/15/markets/bondcenter/credit/index.htm?postversion=2009061513