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Essence of Modern Hui Neng's law for stock market
-Where got fear even when the market crash when you originally do not have any (contra) position
Essence of Modern Newton's law for stock market
-For every sale, there is a buy
REMEMBER!!!
Newton's 2nd law rescinded by the 6th patrich's Hui Neng's law of the illusion of all perceptions.
can only see, cannot buy! Sian......
still the same 3 rules for uncertain market...
1. Be disclipine
2. Be disclipine
3. Go back to first rule
 x 0
 x 0
* Alert Admin |
We have been long enough in the market to know the cycle in place...for those of you who heeds our advice given in June to sell the share in the week before 21st July, you are smart (proven many times when the downturn occurs within our uncertain period)...for those of you who do not, only 3 rules for you
1. Be disclipline
2. Be disclipline
3. Go back to first rule
Good luck trading :) |
Woke up to find my garden with more red roses. Time to implement back up plan for some stocks.
C wave in progress
It should be equal to or 1,618 in length to the A wave if you believe in fibonacci numbers.Suicidal to averge a losing position especially on wednesday-APRIL FOOL'S DAY
Force sell start to take effect see the power of force sell for the first day drop pickup which is not pay.
The uncertain period is still on...however, for every sell down and crisis, there are opportunities and for oneh good holding power, one can look for buying good stocks when the uncertain period is gone :)
The Dow appears certain to continue it's downtrend, since the third bottom is lower than the previous two bottoms...
These are hardly signs of a "triple bottom"...
rather more a "
broken bottom"...
Ominous as before...
can anyone explain about wave B / wave C? thanks..
strange...thought the force sell would have been cleared over the recent 2 dips...surprise that they are still some more to clear...
Severe credit crunch on the way.
The B wave was anaemic.
Another test of the low when european markets open.
Forced selling will gather momentum in the afternoon.
Dow up 93 points now!
I'm actually pleasantly surprised today at the STI rise. I thought that it would be another bearish day. Volumes today however are generally lower than usual.
By the way, a fundamental 'teaching' of TA is that once a trend has set in, it tends to continue (until a reversal takes place).
Received a note from KimEng to stay out of stocks as volume is thinning and a lot of margin calls and forced sellings. So conserving my bullets and wait to buy somemore into some of the fundamentally solid counters like Keppel Corp & Land.
Livermore... :)
BH Global's recent high was 0.945 and has been trending lower and lower since.
Today, it hit at it's lowest 0.78... the loss is obvious.
One should have dumped earlier when bad market sentiment
was predicted to be seeping in... 
now Wave B coming ... rebouncing back to its previous support (13500) ..
Wave C coming soon .... watch out !
Hi Mani,
Correct me if I am wrong here on "the trend is your friend". BH Global at 90c was trending higher. If you had bought at 90c you would be sitting at a loss now as it is 79c....
In a bear market, (which may not be evident by just looking at the STI),
all stocks weaken gradually ... including so-called fundamentally sound stocks.
The trend is one's friend ...
but only if we treat it as such...
Force selling....still in force, forcing more ppl's to either to cut lost or pay up. STI is mostly platy up by index link stocks.
