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Good News for China Hongxin

Hi cheemeng,

Yeh, I agree with u tat "we agree to disagree" to exchange views n pointers and warmly welcome it if it is done in a healthy way, thus why we are here to post but wat I detest is those childish, immature, senseless, irrational, lunatic, ridiculous, despicable abuse of the forum.

I am a man of strong upright moral upbringing and differentiate between wat is morally right n wat is morally wrong,  thus I vehemently detest such behaviour.

If a person perceive it as a bad posting, then he should stand out and voice and contribute his view/opinion instead of being a coward hiding behind the screen and attacking. Real cowardice.

lawcheemeng      ( Date: 16-Jul-2009 11:27) Posted: heh! richtan, we can"t get everybody  to agree with every view that we see. just ignore those who do not agree. think that a better way to conserve "chi" for better thing lah..cheer happy trading yah! richtan      ( Date: 16-Jul-2009 11:12) Posted: Hi hohokit, I believe in such thing as "cause and effect", we reap good karma for our good deeds (be it big or small) but bad karma for our bad deeds (be it big or small). There is a Chinese adage: "Ren chai chor, tein chai kan", which literally means, what people do, "up-there" is watching and the day of reckoning will arrive and those tat do bad deed/s will have their comeuppance.

 

Good News for all China stocks! 

China's economy bounces back with 7.9% growth in 2009 Q2
Posted: 16 July 2009 1043 hrs

	Photos 1 of 1 A couple use an automatic teller machine at a bank in Beijing.

 

BEIJING: China's economy grew 7.9 per cent in the second quarter of 2009, the government said Thursday, in a startling turnaround for the Asian powerhouse fuelled by a massive stimulus package.

Expansion in the world's third biggest economy picked up pace again after growing by just 6.1 per cent in the first quarter of the year, which was the slowest growth in more than a decade.

China's gross domestic product grew by 7.1 per cent in the first half of 2009 compared with the same period a year earlier, the National Bureau of Statistics said.

This put China back on track to achieve its goal of 8.0 per cent growth for the whole year, despite the global financial crisis, however the government warned many pitfalls still lay ahead.

"There are many difficulties and challenges existing in the current national economic performance," bureau spokesman Li Xiaochao told reporters.

"The base for recovery is still infirm. The momentum for picking up is unstable. The recovery pattern is unbalanced and thus there are still uncertain volatile factors."

Before the global economic crisis struck last year, China had experienced double-digit growth from 2003 to 2007.

The government in November implemented a four-trillion-yuan (580-billion-dollar) package in November last year that has had dramatic results.

China's urban fixed asset investments, a measure of government spending on infrastructure, rose 33.6 per cent in the first half of 2009 compared with the same period a year earlier, the bureau said.

Investments in urban fixed assets increased by 35.3 per cent in June year-on-year, according to the bureau.

China's consumer price index, the main gauge of inflation, fell 1.7 per cent in June compared with the same month a year earlier, a further decline from May's drop of 1.4 per cent, the bureau said.

However analysts said inflation could make a quick return and prove a problem for China's economic planners.

The consumer price index grew 5.9 per cent in 2008 but weakened significantly as the global crisis slowed China's economy.

China's industrial output, which illustrates activity in the nation's millions of factories and workshops, expanded by 9.1 per cent in the second quarter of 2009 from a year earlier, the bureau said.

In June, industrial output increased by 10.7 per cent, and by 7.0 per cent for the first half of 2009.

 

heh! richtan, we can"t get everybody  to agree with every view that we see. just ignore those who do not agree. think that a better way to conserve "chi" for better thing lah..cheer happy trading yah!

richtan      ( Date: 16-Jul-2009 11:12) Posted: Hi hohokit, I believe in such thing as "cause and effect", we reap good karma for our good deeds (be it big or small) but bad karma for our bad deeds (be it big or small). There is a Chinese adage: "Ren chai chor, tein chai kan", which literally means, what people do, "up-there" is watching and the day of reckoning will arrive and those tat do bad deed/s will have their comeuppance. hohokit      ( Date: 16-Jul-2009 10:51) Posted: So serious "bad" karma ? Just say that they will get stomach-ache or lost a bit of money from trading

 

Hi hohokit,

I believe in such thing as "cause and effect", we reap good karma for our good deeds

(be it big or small) but bad karma for our bad deeds (be it big or small).

There is a Chinese adage: "Ren chai chor, tein chai kan", which literally means,

what people do, "up-there" is watching and the day of reckoning will arrive and

those tat do bad deed/s will have their comeuppance.

hohokit      ( Date: 16-Jul-2009 10:51) Posted: So serious "bad" karma ? Just say that they will get stomach-ache or lost a bit of money from trading. richtan      ( Date: 16-Jul-2009 10:25) Posted: Below is my daily chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd.

 

So serious "bad" karma ? Just say that they will get stomach-ache or lost a bit of money from trading.

richtan      ( Date: 16-Jul-2009 10:25) Posted: Below is my daily chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd.

 

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

 

Broke above Monday's high of 16 and formed a higher high and higher low, confirmed a bullish reversal candle pattern.

Today's volume is higher than yesterday's volume and a reversal candle to yesterday.

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments.

This is only my view n I may be right or wrong, so dyodd.

 

I've been following this thread somewhat... and its interesting to see TA applied to a penny stock.

Although I'm mostly TA, I tend to avoid penny stocks because they are prone to BB cornering the price. 

Having said that, I note that this counter has unusally high volumes for a penny stock and that may provide some "protection" to retail players because the high volumes make it more difficult for BBs to control.

 

Intraday, had broke Monday's high, hopefully close above it to confirm the candlestick reversal pattern and ultimately break above the upper sloping resistance line at 17.5 to confirm the bullish contracting triangle continuation pattern.

 

richtan      ( Date: 15-Jul-2009 15:39) Posted: If it breaks above Monday's high of 16, it confirms a bullish reversal candle pattern. Today's volume is higher than yesterday's volume and a reversal candle to yesterday.

 

If it breaks above Monday's high of 16, it confirms a bullish reversal candle pattern.

Today's volume is higher than yesterday's volume and a reversal candle to yesterday.

 

CHHX need to break above the 3 ema at 16.5 and break above the upper sloping resistance

at 17.5 to confirm the bullish contracting triangle continuation pattern.

Hope it follows Ausgroup to the Tee.

richtan      ( Date: 14-Jul-2009 22:41) Posted: Below is my daily line chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments. This is only my view n I may be right or wrong, so dyodd.

 

Hi Bintang,

Many thanks for your compliments.

It is my pleasure, passion n my great desire to help fellow human beings as I believe in "One good deeds deserve another" n in accumulating good karma in the process for myself n my next generation.

I also learnt a lot from u n fellow forumers, thanks to u all for making this a wonderful place, less those unpleasant incidents.

Bintang      ( Date: 15-Jul-2009 12:07) Posted: Richtan , keep up your good works n great effort to post n comment on every topic n the concern to every forumer , we really benefit so much n learn so much from u , just ignore the bad rating n carry on to do our part , thank u so much . richtan      ( Date: 15-Jul-2009 11:59) Posted: Hi Bintang and fellow forumers tat gives me your support, I sincerely appreciate your support and will continue my sharing, if time permits despite all these undesirable noise and abuse.

 

Richtan , keep up your good works n great effort to post n comment on every topic n the concern to every forumer , we really benefit so much n learn so much from u , just ignore the bad rating n carry on to do our part , thank u so much .

richtan      ( Date: 15-Jul-2009 11:59) Posted: Hi Bintang and fellow forumers tat gives me your support, I sincerely appreciate your support and will continue my sharing, if time permits despite all these undesirable noise and abuse.  Bintang      ( Date: 15-Jul-2009 11:52) Posted: Do not worry , richtan , now I m starting to give all your post good rating , in order to support u n support the TA camp

 

Yup, u will have support from those who are interested to TA esp your candle stick analysis.

Bintang      ( Date: 15-Jul-2009 11:52) Posted: Do not worry , richtan , now I m starting to give all your post good rating , in order to support u n support the TA camp . richtan      ( Date: 15-Jul-2009 11:47) Posted: Hi Fellow forumers tat appreciate my sharings, I still see some clown/insane/lunatics  (must be some pest/clone tat has an axe to grind with me, forbidden by admin to taunt me, thus abusing and venting his/her anger thru this avenue) giving me "bad ratings" for nearly every of my postings, senseless abuse and making a mockery of the rating system, which I detest, though I ignore it as it does not really bother me and I will keep sharing. I really hope fellow forumers who appreciate my sharings to neutralise this bad rating to show your support.

 

Hi Bintang and fellow forumers tat gives me your support,

I sincerely appreciate your support and will continue my sharing, if time permits despite all these undesirable noise and abuse. 

Bintang      ( Date: 15-Jul-2009 11:52) Posted: Do not worry , richtan , now I m starting to give all your post good rating , in order to support u n support the TA camp . richtan      ( Date: 15-Jul-2009 11:47) Posted: Hi Fellow forumers tat appreciate my sharings, I still see some clown/insane/lunatics  (must be some pest/clone tat has an axe to grind with me, forbidden by admin to taunt me, thus abusing and venting his/her anger thru this avenue) giving me "bad ratings" for nearly every of my postings, senseless abuse and making a mockery of the rating system, which I detest, though I ignore it as it does not really bother me and I will keep sharing. I really hope fellow forumers who appreciate my sharings to neutralise this bad rating to show your support.

 

Do not worry , richtan , now I m starting to give all your post good rating , in order to support u n support the TA camp .

richtan      ( Date: 15-Jul-2009 11:47) Posted: Hi Fellow forumers tat appreciate my sharings, I still see some clown/insane/lunatics  (must be some pest/clone tat has an axe to grind with me, forbidden by admin to taunt me, thus abusing and venting his/her anger thru this avenue) giving me "bad ratings" for nearly every of my postings, senseless abuse and making a mockery of the rating system, which I detest, though I ignore it as it does not really bother me and I will keep sharing. I really hope fellow forumers who appreciate my sharings to neutralise this bad rating to show your support.

 

Below is my daily line chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments.

This is only my view n I may be right or wrong, so dyodd.

 

Not neccesary. Unlike others indicators it gives an advance indication what pattern the chart is likely to form. 

Just my view... 

richtan      ( Date: 13-Jul-2009 23:37) Posted: I find the EW useful only on hindsight after it is formed and completed but to label it while it is in the process of forming is very difficult and challenging, as too many rules to remember , thus why EW analyst always have alternative wave count. pilotfish      ( Date: 13-Jul-2009 23:23) Posted: Indeed is complex and subjective. Can go haywire esp when it comes to correction. But can't denial that it is a useful tool.

 

I find the EW useful only on hindsight after it is formed and completed but to label it while it is in the process of forming is very difficult and challenging, as too many rules to remember , thus why EW analyst always have alternative wave count.

pilotfish      ( Date: 13-Jul-2009 23:23) Posted: Indeed is complex and subjective. Can go haywire esp when it comes to correction. But can't denial that it is a useful tool.

 

Indeed is complex and subjective. Can go haywire esp when it comes to correction.

But can't denial that it is a useful tool.