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Fellowship of the Shares

ah. before i forget.

sporeguy/shplayer: bollies are tight for UIC and tech signs show breakout upward. did also say that UIC's breakout if it does occur will not be a one day thing, but will consistently track the upper bollie for days. that appears to be happening now.

be careful of macrotrend swinging it tho. why it's rangebound is due to the FA/psych reason: the sale of UIC building. they had intended it for commercial (or was it residental?) use, but the authorities do not allow it, so the sale of the building hangs in the balance. if they manage to successfully convert it to the landuse allowed, UIC will break out upward. if they cannot, the breakout will be downward.

so in that sense there, techs might be less accurate than the news. of course, insiders always move a few days before the news are released. so just follow the lead techs there. busd your best guide.

cheers! :)

 

aieeee....stressed with work. meh. sighhhh,.....

no prob sandbox and since77. gotta ask qns to learn. and hey since77, you're older than me! :P

jerome, a lot can be told from the busd. it's not just a matter of seeing red (sell down) or blue (buy up). it can be manipulation by the BBs for instance, you can see all red, when in fact it's passive accumulation. The clearest sign to sell a counter is when you see small lots buying, big lots selling. that means the BBs are distributing.

rather difficult to just say this way tho. if you have a busd data of interest, could perhaps post it out? the way eastonbay (?) posted out StA, which is how we can deduce BB fight BB there. that's why that counter has such large intraday swings. perfect for momentum scalping really. hehe.

k, byes for now. btw, singaporegal, go bintan...hm. didn't think of it leh. mebbe next time. :)

 

 

haha...not alot la..i ikan bilis...everything only 3-5 lots nia..so hai hao =)

and i finally found my final fantasy sms ringtone today..shiok!

 

aiya, never mind la... later really drop lei???


lesson learnt lor...

one of the many pitfalls of technology...

Anyway, not alot right?

100 lots ar? 

 

ya hor..come think about it..where his wind fly too? quite long no hear from him...

i did the best move i can do yest siah...i thot i buy a stock yest....then today went to check..the stock not in my portfolio....found out i pressed "sell" instead...bo tai bo ji kanna naked short...saded...lol..now my weekend not in peace liao...

 

joking with all ma...

add some life, cos RT not around lei...

he faster than wind...

 

no la, not searching still...

 

 

haha..jerome..u and ur royalty...if like that can charge money .no need to search new job liao!! lol...but hows the job search goin?

 

 

hee, elf see... another royalties...

 

Hi Elfin,

Thanks so much for the in-depth explanantion... and for making me feel that its ok to post and make mistakes with what I see.

Will continue to read and read and try to decipher the charts.  Liek what I told ray, I must learn how to fish.....  :p

 

hi elf...haha...ur rte...tats my birth year....hmmm....market depth....u can use poems rewards points to exchange for market depth...its useful to have .....but can be deceiving at times too...so many fake buy and sell Qs....

 

 

hi elf,

so from the busd, what can be interpreted from the minute by minute details? Or rather what is the significance?

 

heya sandbox, no prob, all of us start out as newbies, heaven knows, i've made a heck of lot of mistakes myself before too, and am still making them. hehe.

UTAC:

chaikin is in fact peaking already while a/d is still increasing (rememebr, c/o leads a/d). meanwhile, px of UTAC is still heading up/constant, so what you're in effect seeing is a divergence in lead techs and price already.

the bollies are actually not that tight yet, but can see lower bollie is getting closer to the line. as well, MAx gives a clearer picture: the long is headed for crossing of the short, ie, sell signal will be expected sometime later, if this trend continues. (note: most impt thing is to watch for macrotrends that will shift your techs).

note however that longer term techs: MACD: shows UTAC still on uptrend in long term. when you look at the bar chart from may 16th onward, it is uptrend. Rem that trends are likely to continue unless a macro force works to skew it the other way.

so all in all, what the picture reads is short term stagnation, long term uptrend.

Be careful of a break below 0.995c, that's the cue to cut. For uptrend to continue, there must be a sustained and consistent break above 1.05. (ie, if break above it, but keeps hovering and going up/down around hte px, that's not considered a true breakout).

Meanwhile, short term, candlesticks show resistance of uptrend to continue. So my guess for UTAC is range bound between 1.02 to 1.07 for this period of time.

additionally: your tech target for this round is to high of ~1.18.

pls note, i don't usually like to give px target, since must always watch out for macro trend. plus, there's a tendency that once targets are out, ppl are likely to keep it in their minds as fixed targets. think of px targets more as moving targets. always, you take what the market gives you, not what you want out of it.

eg, for utac, if i'm vested, and i see consistent selling pressure at 1.1, i'd sell out at 1.09 instead of insisting on trying to hit the 1.18. the idea is profit. plus, time taken to wait for the 1.18 might be better spent in another counter.

 

hihi since77 (your birth year, eh? keke): erm. i'm using from LP2 screen, right click on the counter of your choice, and select 'time and sales'. you get the minute by minute detail of busd.

that's all. the rest i use are from SJ. candlesticks, bollies, a/d, c/o, williams, rsi, MACD, MAx, bar chart. these are my tools. i dont use stochs. i shd like market depth tho. keejanngggggg!!!!! *wail wail wail noise noise noise* muahahhahaha. :P

and yea. most impt of all, if you're doing techs, make sure it's a stock that responds to the techs you use! not all stocks respond to all techs. learnt that the hard way. haha.

cheers to you all! good luck trading. :) be cautious during this period tho. insane market.

 

Hi elf, u mentioned u are using busd data from poems...just curious...are u using the volume distribution or trade distribution for analysis? any books or resources to learn more abt how to interpret busd? cheers!

 

In trading parlance...

"holidays" are taken to get away from it all for a while...

To get some fresh air... away from the market stress... maybe...

Then later to give it another go, hopefully with better outcomes... :)

 

singaporegal,

Don't worry lah! We won't 'hate' you everytime you go on holiday.

Just give us sufficient notice of your pending vacation on SJ so we can take our positions accordingly.

 

Looks like you're getting your money's worth for the massage, etc... :)


Somehow,  I can never get myself to patronise Batam... 

 

For Batam, try this resort - Harry's Resort.

It has cheesy decoration but the massage and spa there is really cheap. I had a 1 hour full body massage for as low as S$18 !

 

Hi Singaporegal,

Could you provide more info abt the hotels & spas  in Batam & Bintan?

Thanks.

 

Hi elfie,

Why don't you take a short trip to Batam or Bintan? Just 45 mins away by ferry. Cheap food, hotel and spa !!


 

 What SGH indicator???!  Alamak.... soon people will hate me just for going on holiday!