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Fellowship of the Shares

RT,

ya saw on Fri night.so never enter. d24 too rich for me lei, my palate very simple one lei... but thanks for offering to me... lol...

you want the 0.8mil for travelling ar? then cannot la. I also going travelling during July, so cannot lend you, else later we go same place how? then nobody entertain the fellowship... (you say we two clowns ma)

Singaporegal, you tan yourself in redang so that you will look more like a Thai ar? wah, camouflaging preparations solid la. joking hor? peace out!

 Elf, recent article say the average Parisian worker is very shiok one lei. Cos must have proper lunch of 1-2 hrs kind, plus 48 days off excluding National holidays. this kind of working lifestyle, in Sillypore how to find? lol... (disclaimer: this is not an inducement to migrate and leave us here)

 

wow piang eio, this thread is oreadi a "fast-moving counter", plus my snail speed dial-up, i think i need at least 20mins before i can "conquer" reading..

think need to "rethink" my usage of language liao or else is i kena "banned" or kena "stared".. si pei jia lat.. life oreadi so complicated and yet so full of "restrictions", hahahaha. luckily i am faster than wind, so nt bounded by any "restrictions".. hahahaha

 

jerome, so you saw my email liao la, d24 gif u liao hor, dun say kopi dregs again.. got "entered"? bt at your own risk auh..

 

asterisk, yo and hi.. sorry for my rogue beng style hor.. all the best to you.

 

how i wish i can travel like singaporegal, elfin, rayphua and many many others... aiya... jerome, where is my $0.8mil?? mia siam hor, i oso wanna go travelling.. gim, $$ lai..

 

 

 

Singaporegal, Thais are friendly lot, agree with ELf. However, there might be internal turmoil with the latest domestic political development in Thailand. The part to do with declaring TRT party dead etc. Interim Prime Minister Surayud Chalanont had warned he would impose a state of emergency if violence (Thaksin's supporters) broke out.

All these make travelling in and around Bangkok difficult, inconvenient. You might want to watch the development a little.

 

Hello all the rest. been busy. Missed out all the fun in fellowship.

 

Okay...

let's not create something out of nothing... :)

why force the issue? 

 

ipunter, there was no intention to cause negativity. Sorry to give you the wrong impression. Have fun with your new phrases.

 

Hi  ipunter, but at least now you have 2 hokkien phrases in your vocab - good or bad, eh?

 

Choohian...

Especially in times of profit, we only need to have "si peh ho" (feeling good, or 'shiok') feelings...

Negativity doesn't fit into the picture...  :)

 

 

Hi Elfin

 

 

Really appreciate your kind sharing, rest assured it?s not too longwinded ;)  I?m a TA newbie and have learnt much about TA from yourself and the other TA experts here. 

You are right, it always pays to learn and know more. Time for bullish trading is short, so I?m now reading 2 books on TA at the same time: Getting started in Swing Trading by Michael C. Thomsett and Trading with a Plan by Tony Compton & Eric Kendall. I find them concise and easy read, especially a useful start for TA newbies?.   I agree must follow the macro trend, I wonder what will happen after the Olympics next yr in August...

 

 

haha, it's ok lah. i don't think many people can squeeze (breakout!haha) their feet into miniature elfin shoes. haha.

weh! i wanna go hokkaido too! weh weh weh.....gege.... *sad*

haha. yes rayphua. good idea. avoid any country that i'm visiting on a work basis! lol.

and ok, enough talk of work. rather keep mum on that. back to it. :)

 

Working on Sat...wouldn't want to be in your shoes.  ;)

I think one SGH indicator is already tough enough.  If me going away is going to be defined as a bad time for trading, I think there'll only be 1/3 of the year left for trading.  hehe

Was in Aspen 2 years back, Whistler (Vancouver) last year, this year is off to Hokkaido!  SHIOK.

Thanks for letting me know about Paris this Oct.  Will take great pains to avoid going there.  ;)

 

haha was taking a break from work so decided to do a quick post for the newbies. think too longwinded tho. ok, next time cut down. hehe.

hey gege, you men have to work so that we ladies can go on holidays!

ooh, ski hols! when? do we need to have a rayphua holiday indicator too? keke. where to, btw, aspen? enjoy yrself yea. :)

my own long hols will be in oct this year...assuming my company doesn't pack me off to paris then. >~<

 

Detailed explanation sis!

All the ladies going on holiday while the men work...the world's so unfair.  I'm now dreaming of my coming ski hols...

 

oh don't worry. the thais are very friendly. they know its a govt to govt thing; and in the end, they're a very polite culture. plus, it's business, you buy from them, they aren't gonna be mean to you. lol.

good shopping! go see the new centres opened! Paragon! like, woweee!

keke. ok set. i'll spike up the malaysian economy, you spike up the thai economy.

hahahhaha...shop shop shop!

:)))))))

 

Going to Thailand!


I keep getting reminders from my family to avoid crowded areas and to try to look local and not like a Singaporean.... 

 

KL. Shopping.

must help our neighbour's economy. heehee.

and you?

 

Where you going??

 

singaporegal! *hugs* my favourite SJ-er....keke.

well, hope it doesn't panic everyone else, but yes, elf will be on a mini holiday in abt 2 weeks time too.

heehee.

 

 

Hi elfie ! Me back from Redang! Great trip and now I'm sporting a nice suntan!  Hehehehe

I'm going off on another mini-holiday in 2 weeks time so let's see if the "SGH" indicator is right again? hahaha...

 

 

 for newbies:

the real definition of a "stock market correction" is when the market drops by 10% or more, for a period of about 2-6 mths after a time of market strength. this is sometimes viewed as healthy, as markets can't possibly go up in a straight line forever. It is also good, as the time of this correction is a time when the market draws breath for its next charge upwards. Especially when the macrotrend that is causing the temporary reversal is a short term or once-off event. Think the Feb drop. That was a correction yes, but a once-off one caused by a swing factor of chinese news, since actual macrotrends had in effect remained unchanged. 

Which is why, one of the most bullish trend a techie would look for is the W pattern (higher high, higher low on the 2nd 'V' of the 'W' formation), as opposed to looking for a simple '/' line on the charts. This market is a techie's market, really. Be you a swing trader or very short term player like rayphua/kilroy, short term like singaporegal, or mixed bag of nuts like elf. macademias, anyone? hahahahaa.  

but i digress....

However, where a market correction leads to a bear market, is when the controlling macro-trend continues, and there is no new macro trend that might lead to a reversal of the down wave, such that the down trend continues. E.g., if US housing subprime loans keep defaulting (macro trend), softening of the US housing market is in order, CPI (consumer price index) and retail confidence goes down, people stop spending, banks lose, industries--esp retail in the american context--lose, which will eventually lead to a broadbased US recession.

The signs of a real correction leading to bear market are never once off, never sudden. There are always signals.

So roughly, a bear market occurs when markets lose approx 30% of their value for a period of 2-3 years. The depth of a bear market is when a value investor strikes, to pick up bargains when us techies are all dead and quiet. haha. 

Of course, this is the textbook definition--7 year cycle from end to end. But note that current economies of the developed and developing worlds move on the knowledge economy, which is technology based: ie, things are faster. With globalisation in full progress, chaos theory is in full effect too, as markets become more and more interlinked. A butterfly flapping its wings in New York creates a storm in Shanghai, as the saying goes. Domino effect in play.

By elf's estimate, this year and the next are your bull years here. After 2008 (likely mid '08) will come the correction to bear, and then it's gonna be quiet til the IRs start. So about 2010 2nd half of year.

That's why elf's learning FA now, really. Prep for the bear market even while running with the bulls now. Always pays to learn and know more.

btw, i think ppl might be getting confused what with so many TA leads here. just fyi, there are really many different styles even amongst techies. singaporegal prob holds abt 2 weeks on ave, rayphua's a contra player's dream with a 5 day average (hehe, i'm selling my brother hehe). elf on the other hand does both long and short term; roughly i look for at least 1 mth, since my goal's not time but upside: i'm looking for upside of at least 25%--actually, i look for 50% returns, in this current market. which is also why i'm willing to hold longer and move less. since my job doesn't allow me full time on the screen anw.

in any case, as i was seeing on the squeeze breakout thread; no one can force another to pull the trigger on the buy button. so yea; always gotta accept responsibility for your own calls, whether you're following an 'expert's' tips or not. keep in mind too that none of us here have ever claimed to be an expert or a guru; we're all just fellow members in a forum, and sharing and learning.

cheers! 

 

oops. looks like elf had better stop the cursing and swearing eh. keke.

anw, agree with ipunter that most ppl tend to see one day blips as 'corrections', when it is in fact not so. they're just part of normal market movements, really.

in light of this tho, perhaps we should refine the SGH indicator? keke. level 1, 2, 3, 4, 5!

Level 1 = one to two days trip, ie, no worries, people! just intra-day drop.   Level 5 = >6 mths out of country. ie, peng san time.  



okok enough ding donging...before singaporegal kills me. heehee.