Post Reply
121-140 of 661
No it doesn't look like a double 3. An a-b-c correction is more likely to be formed. Just my view...
pilotfish ( Date: 13-Jul-2009 09:30) Posted:
|
Link from CSI http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=6517&searchString=
CHHX look more like a double 3. Well still earlier to say.
Wedge or triangle need at least 5 waves.
Just my view...
richtan ( Date: 13-Jul-2009 00:52) Posted:
|
Hi pilotfish,
CHHX is probably currently in the process of forming the contracting triangle continuation pattern.
Tat pattern will be void if it breaks below the sloping support line in the next few days.
Contracting triangle works on both daily n weekly chart n need not fulfil the 5 wave pattern, take a look at tat 2nd chart mentioned, it does not look like having 5 waves.
|
|
|
|
Link from CSI http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=6517&searchString=
CHHX look more like a double 3. Well still earlier to say.
Wedge or triangle need at least 5 waves.
Just my view...
richtan ( Date: 13-Jul-2009 00:52) Posted:
|
Hi pilotfish,
CHHX is probably currently in the process of forming the contracting triangle continuation pattern.
Tat pattern will be void if it breaks below the sloping support line in the next few days.
Contracting triangle works on both daily n weekly chart n need not fulfil the 5 wave pattern, take a look at tat 2nd chart mentioned, it does not look like having 5 waves.
pilotfish ( Date: 13-Jul-2009 00:24) Posted:
|
Hi richtan,
Personally I don't think that the entry will appear so soon.
Figure 2 in your link is not a weekly chart. Nevertheless, Hongx doesn't fit the 5 waves contracting triangle. (CSI already fullfil).
For Hongx to move up or down, volume plays an importance role. However, indicators are now unfavourable for the upside move.
Just my view.... |
|
|
|
Hi pilotfish,
CHHX is probably currently in the process of forming the contracting triangle continuation pattern.
Tat pattern will be void if it breaks below the sloping support line in the next few days.
Contracting triangle works on both daily n weekly chart n need not fulfil the 5 wave pattern, take a look at tat 2nd chart mentioned, it does not look like having 5 waves.
pilotfish ( Date: 13-Jul-2009 00:24) Posted:
|
Hi richtan,
Personally I don't think that the entry will appear so soon.
Figure 2 in your link is not a weekly chart. Nevertheless, Hongx doesn't fit the 5 waves contracting triangle. (CSI already fullfil).
For Hongx to move up or down, volume plays an importance role. However, indicators are now unfavourable for the upside move.
Just my view....
richtan ( Date: 13-Jul-2009 00:11) Posted:
|
Hi pilotfish,
Note my annotations in my chart whereby I stated tat the bullish contracting triangle pattern
will be void if it breaks below the lower sloping support line at 13 cts on close, have to monitor
for the next few days to see if the pattern is valid.
It will be vaild if it bounce up upon touching the lower sloping support line and then later on break above the upper sloping resistance line.
It could beundergoing a 3 wave a-b-c correction. |
|
|
|
Hi Fellow Forumers,
Looks like the pest have morphed, mutated, re-incarnated or made another clone (01101749) out to taunt me again in the "Ausgroup" thread.
Plse give me your support to rebut or lodge a complaint to admin to remove such pests from making non-value-added,
unconstructive post out to taunt people.
Our peaceful days only lasted a few days, the jaws/pests are back now and taunts are re-appearing.
Hi richtan,
Personally I don't think that the entry will appear so soon.
Figure 2 in your link is not a weekly chart. Nevertheless, Hongx doesn't fit the 5 waves contracting triangle. (CSI already fullfil).
For Hongx to move up or down, volume plays an importance role. However, indicators are now unfavourable for the upside move.
Just my view....
richtan ( Date: 13-Jul-2009 00:11) Posted:
|
Hi pilotfish,
Note my annotations in my chart whereby I stated tat the bullish contracting triangle pattern
will be void if it breaks below the lower sloping support line at 13 cts on close, have to monitor
for the next few days to see if the pattern is valid.
It will be vaild if it bounce up upon touching the lower sloping support line and then later on break above the upper sloping resistance line.
It could beundergoing a 3 wave a-b-c correction.
richtan ( Date: 12-Jul-2009 17:37) Posted:
My chart analysis below for sharing n exchange pointers.
I maybe right or wrong, so dyodd n share your analysis.
 |
|
|
|
Hi pilotfish,
Note my annotations in my chart whereby I stated tat the bullish contracting triangle pattern
will be void if it breaks below the lower sloping support line at 13 cts on close, have to monitor
for the next few days to see if the pattern is valid.
It will be vaild if it bounce up upon touching the lower sloping support line and then later on break above the upper sloping resistance line.
It could beundergoing a 3 wave a-b-c correction.
richtan ( Date: 12-Jul-2009 17:37) Posted:
My chart analysis below for sharing n exchange pointers.
I maybe right or wrong, so dyodd n share your analysis.
|
|
Hi bitang,
Thanks for info for the ADX indcator. So it is also indicating a downside for HongX.
However, still find it difficult to understand.
Hi richtan,
Agree that most indicators are lagging. Nevertheless, for Hongx to more up or down volume plays an importance role esp this moment...(half way hanging). On the other hand indicators are against Hongx from moving up...
Just my view
richtan ( Date: 12-Jul-2009 23:46) Posted:
|
Hi Bintang ADX indicator are lagging indicator, dun believe, do a backtrack study n
correlate the price trend with the ADX trend
Bintang ( Date: 12-Jul-2009 22:50) Posted:
| Hi fartist . Hi pilotfish , like to share with u the -DI ,+DI n ADX , they are very important indicators in TA charting . now the -DI has crossed over +DI from below , the ADX is going to turn up , all these have pointed to a accelerate down trend |
|
|
|
Hi pilotfish,
Dun get wat u mean by "Figure 2 is a weekly chart"
Click on http://www.e-wavecharts.com/elliottwave/elliottwave.htm
Look at the 2nd chart (nothing on the chart indicates tat it is a weekly chart) - "Couer D Alene Mines (CDE) - Nov 12th 2003",
looks identical to CHHX,
CHHX is probably currently in the process of forming the contracting triangle continuation pattern.
Contracting triangle works on both daily n weekly chart n need not fulfil the 5 wave pattern, take a look at the 2nd chart mentioned above, it does not look like having 5 waves.
pilotfish ( Date: 12-Jul-2009 19:41) Posted:
|
Hi richtan
Figure 2 is a weekly chart.
Hongx daily and weekly don't fit to have 5 waves contracting triangle.
Your link remind me about my waves study number of years ago. Recalling bit bt bit now. For CSI. It is not a wedge.
Will post it there later.
richtan ( Date: 12-Jul-2009 17:57) Posted:
|
Hi pilotfish,
Do a google search on "contracting triangle pattern" and see whether my chart below conforms to it.
I did a google search on it:
http://www.e-wavecharts.com/elliottwave/elliottwave.htm
Look at the 2nd chart "Couer D Alene Mines (CDE) - Nov 12th 2003", looks identical to CHHX. |
|
|
|
Hi Bintang ADX indicator are lagging indicator, dun believe, do a backtrack study n
correlate the price trend with the ADX trend
Bintang ( Date: 12-Jul-2009 22:50) Posted:
Hi fartist . Hi pilotfish , like to share with u the -DI ,+DI n ADX , they are very important indicators in TA charting . now the -DI has crossed over +DI from below , the ADX is going to turn up , all these have pointed to a accelerate down trend .
fartist ( Date: 12-Jul-2009 21:33) Posted:
I totally agree with you on the volume partand indicator part and with heavy volume everything will change.
Gotta keep a look out the next few days :) |
|
|
|
Hi fartist . Hi pilotfish , like to share with u the -DI ,+DI n ADX , they are very important indicators in TA charting . now the -DI has crossed over +DI from below , the ADX is going to turn up , all these have pointed to a accelerate down trend .
fartist ( Date: 12-Jul-2009 21:33) Posted:
I totally agree with you on the volume partand indicator part and with heavy volume everything will change.
Gotta keep a look out the next few days :) |
|
I totally agree with you on the volume partand indicator part and with heavy volume everything will change.
Gotta keep a look out the next few days :)
Hi, Thanks for sharing.
My comment is to look at the indicators. So far MACD, RSI and the Stochastic indicator don't look good. I am not familiar with the other 2 technical indicators. Personally and locically, for Hongx to move up, it need a very high volume. Any rise in price without strong volume may not sustain.
Just my view...
fartist ( Date: 12-Jul-2009 21:18) Posted:
Some of my analysis to share with you guys
 |
|
Some of my analysis to share with you guys
Hi richtan
Figure 2 is a weekly chart.
Hongx daily and weekly don't fit to have 5 waves contracting triangle.
Your link remind me about my waves study number of years ago. Recalling bit bt bit now. For CSI. It is not a wedge.
Will post it there later.
richtan ( Date: 12-Jul-2009 17:57) Posted:
|
Hi pilotfish,
Do a google search on "contracting triangle pattern" and see whether my chart below conforms to it.
I did a google search on it:
http://www.e-wavecharts.com/elliottwave/elliottwave.htm
Look at the 2nd chart "Couer D Alene Mines (CDE) - Nov 12th 2003", looks identical to CHHX.
pilotfish ( Date: 12-Jul-2009 17:49) Posted:
|
Hi richtan,
Hongx's chart doesn't look good. Indicators getting weak. Any rise in price may not sustain.
"Cut loss" should have been done before mid June.
Just my view.... |
|
|
|
Hi pilotfish,
Do a google search on "contracting triangle pattern" and see whether my chart below conforms to it.
I did a google search on it:
http://www.e-wavecharts.com/elliottwave/elliottwave.htm
Look at the 2nd chart "Couer D Alene Mines (CDE) - Nov 12th 2003", looks identical to CHHX.
pilotfish ( Date: 12-Jul-2009 17:49) Posted:
|
Hi richtan,
Hongx's chart doesn't look good. Indicators getting weak. Any rise in price may not sustain.
"Cut loss" should have been done before mid June.
Just my view....
richtan ( Date: 12-Jul-2009 17:37) Posted:
My chart analysis below for sharing n exchange pointers.
I maybe right or wrong, so dyodd n share your analysis.
|
|
|
|
Hi richtan,
Hongx's chart doesn't look good. Indicators getting weak. Any rise in price may not sustain.
"Cut loss" should have been done before mid June.
Just my view....
richtan ( Date: 12-Jul-2009 17:37) Posted:
My chart analysis below for sharing n exchange pointers.
I maybe right or wrong, so dyodd n share your analysis.
|
|
My chart analysis below for sharing n exchange pointers.
I maybe right or wrong, so dyodd n share your analysis.
My chart analysis below for sharing n exchange pointers.
I maybe right or wrong, so dyodd n share your analysis.
Hi leongyee,
Many thanks for your support.
But, TA is not infallible n also at times my analysis may be wrong,
thus reason why I post to share n exchange pointers to get other forumers views.
leongyee ( Date: 06-Jul-2009 01:29) Posted:
Hi Richtan, Those who know TA will know u are right.
richtan ( Date: 05-Jul-2009 17:18) Posted:
Hi Forumers,
After much consideration and painful decisions and thought of only quit posting when there are too many forumers doing misleading post and forumers rebuting for the sake of rebuting, I had finally made the decision to stay out of posting and join the ranks of Cheong Wee and remain a passive reader, too energy-zapping and time-wasting, much as is my passion to help newbies but I find a lacking of support from the rest of the forumers except for the handful of forumers who are willing to stand out to lend me their support and rebut, the majority are just passive readers.
I will resume my sharing, advice and TA posting only when admin removes people like newtothis n anfield_76 as it defeats my effort of posting and sharing with all this irritant in my eyes.
My last advice to all newbies is to click my nickname and read all my advice and sharing and not fall prey to all those deceptive ploys, one-liners, BBs, emotional postings, wild calls telling u tat "it will hit xxx price by today" even b4 the mkt close as if they dominate and control the mkt like Lord Buddha control Monkey God under his 5 mountains.
Bye for now and hopes to return later when the environment here is more conducive and less of all this undesirable noises and deceptive ploys like BBs and those emotional postings.
|
|
|
|
Hi Richtan,
Those who know TA will know u are right.
richtan ( Date: 05-Jul-2009 17:18) Posted:
Hi Forumers,
After much consideration and painful decisions and thought of only quit posting when there are too many forumers doing misleading post and forumers rebuting for the sake of rebuting, I had finally made the decision to stay out of posting and join the ranks of Cheong Wee and remain a passive reader, too energy-zapping and time-wasting, much as is my passion to help newbies but I find a lacking of support from the rest of the forumers except for the handful of forumers who are willing to stand out to lend me their support and rebut, the majority are just passive readers.
I will resume my sharing, advice and TA posting only when admin removes people like newtothis n anfield_76 as it defeats my effort of posting and sharing with all this irritant in my eyes.
My last advice to all newbies is to click my nickname and read all my advice and sharing and not fall prey to all those deceptive ploys, one-liners, BBs, emotional postings, wild calls telling u tat "it will hit xxx price by today" even b4 the mkt close as if they dominate and control the mkt like Lord Buddha control Monkey God under his 5 mountains.
Bye for now and hopes to return later when the environment here is more conducive and less of all this undesirable noises and deceptive ploys like BBs and those emotional postings.
|
|
