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Hi Collin, are you referring to the SGX TRIN I get from TAR-Data? Since beginning of Aug, it has dropped from high of 2.05 (4th Aug) to 0.49 today.
Happy Trading,
Joseph
www.collinseow ( Date: 24-Aug-2009 11:30) Posted:
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Hi Collin, thank you for response my question on Hong Fok. I visited your blog,
My case is looking for long term, and i think it still buy mood. What is my entry price?
I am having a seminar for my clients today ,it is also to public. You can read more here. I will be touching on some of the technical analysis if time permit.
Personally, most important in trading is to make clear your trading time frame. Eg: If you are trading the daily chart then use the daily chart to make your decision.
I will try to answer your question according my personal experience for Hong Fok. If you are trading intraday, look at the trin to go above 1. Consider to lock in some profits. My view hor :D
hi n2, HF still up strong up trend line, but CCI sloping down and volume low. In that case, must I hold my position or get out?
thank you for advice....
regards,
ginting
Here's something I posted on my journal a couple of weeks back.
Was looking for STI 2450-2500 to get into some longer term positions.
Taking a little longer than expected to get there, but it'll be soon I think.
But even now, some counters are still looking rather expensive..
The banks have been holding up very well while the STI fell.
If the banks start falling too, we should see 2450 easily.
DJIA up about 50 points right now.. hmm..
Cheers,
Ferrowolf
Check out my personal trading journal here.
Meant solely for self-educational purposes, please feel free to leave comments.
Hi Collin,
Thank you for sms for let me made some $$$$. You are rock man...
You 'may be' right to short the market of developed country like US,singapore etc..... See Credit Sussie's report below telling people sell short developed countries' equity for emerging countries will have faster economic growth than those developed countries..............
Buy Emerging-Market Stocks on Dip, Credit Suisse Says (Update1)
By Shiyin Chen
Aug. 19 (Bloomberg) -- Investors should buy emerging-market stocks amid declines this month because valuations aren’t expensive even after their gains this year, according to Credit Suisse Group AG.
Shares in developing nations are trading at about 12.7 times reported earnings, just 5 percent higher than the levels seen at the start of previous rallies, Credit Suisse analysts Sakthi Siva and Kin Nang Chik said in a report. Global emerging market stocks may offer an “upside potential” of 25 percent in the next 12 months, they added.
The MSCI Emerging Markets Index has slipped 4.2 percent from this year’s high set on Aug. 3, trimming gains so far in 2009 to 46 percent. Indexes in developing nations account for all 10 of the world’s best performers this year, led by Peru, Indonesia and Sri Lanka, Bloomberg data show.
“The starting point of this rally was more depressed global emerging market valuations,” the analysts wrote. “With August seasonally the worst month for global emerging markets, we suggest buying on the dips in August.”
Emerging-market shares are trading at about 1.9 times book value, “marginally below” their historical averages, the Credit Suisse analysts said. Dividend yield of 2.7 percent is higher than their long-term averages, they added.
Economic Growth
Investors should buy emerging market stocks and sell equities in developed nations short because emerging economies will have faster economic growth and their shares are cheaper, Societe Generale SA said this week.
The MSCI Emerging Markets Index trades at 13.86 times the bank’s 12-month earnings forecast, below the 15.89 multiple for MSCI’s EAFE Index of developed stocks, wrote Rebecca Cheong, senior equity derivatives strategist for Societe Generale in New York. Emerging economies may expand by 4.8 percent next year, compared with 3 percent for developed nations and 2.2 percent for the U.S., economists at the French bank estimate.
“Even after production improves from historically low levels, healthy consumer demand will still be needed for a real recovery, which has not yet” occurred in developed markets, Cheong wrote. “With little hope of immediate strong export pick- up, countries will need to rely on internal growth, which is more favorable for emerging-market countries based on recent retail numbers.”
To contact the reporter on this story: Shiyin Chen in Bangkok at schen37@bloomberg.net
Last Updated: August 18, 2009 23:13 EDT
Back2Basic ( Date: 19-Aug-2009 14:54) Posted:
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People,
HSI and SSE is badly hit. Singapore most time periods on the STI have turned red. If close down today, the daily chart will start to turn, Momentum has gone past below zero...I don't know about you, but I am taking money off the table and looking for shorting opportunities...
What's a good way to short now? I am thinking of using CFD...
Took profit 0.345 and 0.34. Look at capitaland break down trendline. Is there something more than meet the eye?
Something that we do not know yet :D.
It's a good scan. Thanks CL!
3-5 bar drop is an excellent trading methodology and very profitable. It is also reliable. I would recommend this to everyone here. What is a bit difficult is to find the right stocks that have made a recent high prior to the drop...anyone has good suggestions as to how to uncover such counters? I getting tired scrolling through so many of my charts...
thanks a million!
ganclmm ( Date: 17-Aug-2009 12:15) Posted:
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For those who are interested, pls. click here to find out how to scan for stocks that consist of 3 bars drop in consecutive down days using MetaStock :)
It's strong up trend line. Make recent high since june 2008. Breakout of Resistance 0.32, Next Resistance is 0.35. Far from 20MA, CCI is sloping up. Looking for at least 5 days up.
Cheers,
http://sahamindo.wordpress.com
Looking at the Volume transaction, there are more selldown than buy up. If Lian Beng can withstand the sell down with more buy up volume. ie: Lian Beng is digesting it gains. By day close , you should know whether got indigestion :D. So far TRIN is at 0.41 . It is looking good below 1 .My personal view :)