ShareJunction - Member Posts

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Just my advice, plse dun flame me.

Dun chase after stocks thinking "I will not be the last one to carry the baby", remember the "Greater Fool Theory".

I may be wrong but I m a very cautious person, better to be safe than sorry, I m not a risktaker.

There are many other opportunities and counters to make money safely in the mkt

Best of luck to those who are risktakers.

It is up to u whether to take my advice as I might also be wrong as mkts are irrational but best not to get carried away emotionally. I rather dun earn this type of money.

Trade with care, dun chase after stocks, dun be the last one to carry the baby when the musical chair stops, when the ballroom clock strikes 12(remember Cinderella's ballroom clock has no hands) , be careful of itrrational exuberance,

Dyodd n BOSAYOR.

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Asia

Europe

America

Commodity(** = 30 mins delayed)

Index	Last	Change	%	High	Low	Time
STI	2597.04	52.18	2.05%	2600.90	2586.36	10:52:15
Hangseng	20638.69	439.67	2.18%	20649.96	20559.80	10:52:18
Nikkei225	10557.33	319.13	3.12%	10579.81	10388.78	11:00:44
SSE	2983.92	23.15	0.78%	2986.90	2944.92	10:52:14
KLCI	1169.97	6.18	0.53%	1173.03	1163.79	10:52:15
SET	644.63	3.65	0.57%	645.56	636.41	16:35:33

richtan ( Date: 24-Aug-2009 10:26) Posted:

Asia

Europe

America

Commodity(** = 30 mins delayed)

Index	Last	Change	%	High	Low	Time
STI	2593.45	48.59	1.91%	2600.90	2586.36	10:24:00
Hangseng	20573.33	374.31	1.85%	20649.96	20568.02	10:24:17
Nikkei225	10557.33	319.13	3.12%	10579.81	10388.78	11:00:44
SSE	2964.34	3.57	0.12%	2986.90	2944.92	10:23:48
KLCI	1170.88	7.09	0.61%	1173.03	1163.79	10:23:46
SET	644.63	3.65	0.57%	645.56	636.41	16:35:33

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Asian Stocks Advance on Signs Global Recovery Is Strengthening

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By Shani Raja and Masaki Kondo

Aug. 24 (Bloomberg) -- Asian stocks rose, led by commodities producers, as copper and oil prices increased and sales of existing homes in the U.S. surged the most on record, fueling speculation a global economic recovery is strengthening.

BHP Billiton Ltd., the world’s biggest mining company, gained 4.1 percent in Sydney. Woodside Petroleum Ltd. rose 3.9 percent, and Komatsu Ltd., a Japanese maker of construction equipment added 2.7 percent. Hyundai Motor Co., South Korea’s largest automaker, climbed 5.3 percent in Seoul after the company appointed a new vice chairman.

“The fundamentals of the global economy and corporate earnings are improving, supporting the resilience of the market,” said Yoshinori Nagano, a senior strategist at Tokyo- based Daiwa Asset Management Co., which oversees the equivalent of $91 billion. “The housing report confirmed the U.S. is clearly on a path to recovery.”

The MSCI Asia Pacific Index rose 2.1 percent to 112.37 as of 10:33 a.m. in Tokyo, with about 14 times as many stocks gaining as retreating. All 10 industry groups climbed, led by materials producers. Japan’s Nikkei 225 Stock Average added 3.1 percent to 10,559.40, with only four stocks falling. All Asian benchmark gauges open for trading advanced.

In New York, the Standard & Poor’s 500 Index climbed 1.9 percent on Aug. 21 to a level not seen since Oct. 6. Purchases of existing U.S. homes jumped 7.2 percent in July, the most since the tallies began in 1999, the National Association of Realtors said. Federal Reserve Chairman Ben S. Bernanke said the global economy is “beginning to emerge” from recession.

Mining, Oil

BHP added 4.1 percent to A$38.11 after copper futures climbed 5.1 percent in New York on Aug. 21, the steepest gain since June 1. Rio Tinto Group Ltd., the world’s third-biggest mining company, advanced 4.2 percent to A$58.70.

Komatsu, the world’s second-largest maker of construction machinery, rose 2.7 percent in Tokyo, and Mitsubishi Corp., a Japanese trading company that gets more than a third of its sales from commodities, advanced 3.6 percent.

Woodside Petroleum, Australia’s second-largest oil and gas producer, rose 3.9 percent to A$48.40. Also in Sydney, Santos Ltd., an explorer seeking to develop three liquefied natural gas projects, climbed 4 percent to A$15.50. Inpex Corp., Japan’s biggest energy explorer, surged 4.3 percent to 750,000 yen.

Oil traded near a 10-month high in New York today on speculation demand will increase as the global economy emerges from the deepest recession since World War II.

Australian Banks

Australian banks rallied on speculation a recovery will reduce loan losses and spur credit growth. National Australia Bank Ltd., the nation’s largest by assets, climbed 2.9 percent to A$26.42 in Sydney. Australia & New Zealand Banking Group Ltd., Australia’s fourth-biggest lender, gained 2.8 percent to A$19.57.

Shares on the MSCI Asia Pacific Index traded at 23.7 times their estimated net income on Aug. 21, the lowest level in a month. The gauge dropped 3.2 percent last week, the most since the five days ended June 19, on concern China will curb bank lending, hampering growth.

Hyundai Motor rallied 5.3 percent to 108,500 won, as the company named Chung Eui Sun, the only son of the company’s chairman, vice chairman in charge of planning and sales.

Japanese exporters got a further boost from the strengthening dollar, which lifts the value of overseas sales at Japanese companies when converted into their home currency. The dollar gained to as much as 94.70 yen today from 93.77 at the close of Tokyo stock trading on Aug. 21.

Canon Inc., the world’s biggest maker of digital cameras and which gets a third of its sales from the Americas, added 4.9 percent to 3,670 yen. Honda Motor Co., a carmaker which gets more than half its sales in North America, gained 3.2 percent to 3,050 yen, while bigger rival Toyota Motor Corp. rose 3 percent to 4,100 yen.

“Japanese exporters are discounted as investors are wary of U.S. consumer spending,” said Tomochika Kitaoka, a senior strategist at Mizuho Securities Co. in Tokyo. “The home-sales report will likely help narrow this discount.”

To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net; Masaki Kondo in Tokyo at mkondo3@bloomberg.net. Last Updated: August 23, 2009 22:01 EDT

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Asia

Europe

America

Commodity(** = 30 mins delayed)

Index	Last	Change	%	High	Low	Time
STI	2593.45	48.59	1.91%	2600.90	2586.36	10:24:00
Hangseng	20573.33	374.31	1.85%	20649.96	20568.02	10:24:17
Nikkei225	10557.33	319.13	3.12%	10579.81	10388.78	11:00:44
SSE	2964.34	3.57	0.12%	2986.90	2944.92	10:23:48
KLCI	1170.88	7.09	0.61%	1173.03	1163.79	10:23:46
SET	644.63	3.65	0.57%	645.56	636.41	16:35:33

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I m just a self-taught private trader tat reads many TA books and websites, horn my skills also by reading analysts TA analysis.

dcang84 ( Date: 24-Aug-2009 09:49) Posted:

richtan? no?

august ( Date: 23-Aug-2009 20:59) Posted:

Hi,

to be successful in trading, one have to master the TA aspect.

Does any body know of any good TA mentors in Singapore that provides such training at reasonable price ?

Thanks for sharing,

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Take a look at SAR cup and handle, Midas chart (see below) also shows such formation, in the nascent stage

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Below is my 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 and SOBAYOR.

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There is no violation of SGX regulation to play 1 lotters, unless u have evidence or valid grounds to suspect tat they cornered a stock (there are such incidences in the past which SGX steps in and penalise them and big news in Straits Times), u cam submit and lodge a complaint to SGX for their investigation.

bennykusman ( Date: 22-Aug-2009 18:26) Posted:

but i think midas is in BB hands.. not sure how many BB, but always playing with 1 lot to push the price down.. how to submit the complain ?

richtan ( Date: 22-Aug-2009 18:01) Posted:

I doubt so tat Midas (for tat matter, any other counters) can be in the hands of a single BB or even in the hands of a few BBs as tat is tantamount to "cornering" and violates SGX regulation n any complaints will result in SGX investigation n penalty imposed on them

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Hi benny,

BBs are not just in Midas but many others, mostly in small and mid caps, they are unlikely dare to touched big caps as it need humongous capital and the reason I prefer small to mid caps is imo, it offers better % returns, potential multi-baggers.

I m sorry if my explanation is not clear enuf, when I say Midas is not in BBs hand, I mean they are not in total control of it, holding majority shares and manipulating it, otherwise it is tantamount to "cornering", which is in violation of SGX regukllation and heavy penalty.

BBs playing in a counter does not mean it is in their hands, if it is, SGX will investigate and they are in big shit.

bennykusman ( Date: 22-Aug-2009 18:26) Posted:

but i think midas is in BB hands.. not sure how many BB, but always playing with 1 lot to push the price down.. how to submit the complain ?

richtan ( Date: 22-Aug-2009 18:01) Posted:

I doubt so tat Midas (for tat matter, any other counters) can be in the hands of a single BB or even in the hands of a few BBs as tat is tantamount to "cornering" and violates SGX regulation n any complaints will result in SGX investigation n penalty imposed on them

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Hi richman,

Many thanks for your compliments.

But remember, TA is not infallible, the mkt may prove me wrong and naysayers will seize the opportunity to pounce on me, but never mind, I m just human, to err is human as I m no saints with super-natural divine powers., so dyodd n BOSAYOR.

Jmo, should the price of Ausgroup starts shooting up tomoro, do not be to eager-beaver to take peanuts profits.

As a trader, I always remember my 3 golden mantras (pardon me for keep harping about these 3 golden mantras but the more I keep harping and reminding myself, the better will be my trading), one of which is:

"Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses
made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price.

Richman ( Date: 23-Aug-2009 23:43) Posted:

Very good analytical skill. Like No Others.

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Imo, Ausgroup is also forming cups with handle similar to Straits Asia (SAR), see my chart posting in SAR

Below is my 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 and SOBAYOR.

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Noted tat the bollinger band had constricted and now the upper band had turned upwards, so probably expect an explosive move in the direction of the trend, imo, upwards but I may also be wrong, so dyodd n BOSAYOR

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Below is my 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 and SOBAYOR.

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I cant speak for others, but definitely, I dun hate u.

I love and admire your guts to share something so extreme and unimaginable, it keeps me on my guard, as who knows (touch wood) it might turns out to be true, though unimaginable.

We are her to to exchange pointers, "hua sun lun chien'", fine-tune our stock mkt "martial art and sword-fighting skills".

cheongwee ( Date: 23-Aug-2009 17:14) Posted:

i hope he is wrong, if he is right, then also jiat lat...all ppl suffer...i cannot imagine what effect that will have on my business at dow 3800...durinf SAR..i suffer big losses...so far this recession,, slightly only...

hope all well...even those who hate me..really,,,they already hate me,so why shd i hate them..dont make sense...right???

richtan ( Date: 23-Aug-2009 17:04) Posted:

Hahaha... no offence to u, cheongwee, just a joke.

If my grandson ask me who is that guy..i would not say he is my Great Grand Father..., I dun want to disgrace my Great Grand Father. My Great Grand Father is from China, the land of the now roaring dragon, the saviour of the beggar country and the world. hahahahaha..

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Last week's SSE rocking to me is just a small blip, a correction, growth in China is for sure, being the richest country on mother earth now, they call the shots now, even US kwai-kwai, have to bow to them, pat their President's back, not the other way round..

cheongwee ( Date: 23-Aug-2009 17:07) Posted:

savior...last wk SSE ..rock STI..luckily Wall st..soar..if not got torpedo on both side sure sink deep...

richtan ( Date: 23-Aug-2009 17:04) Posted:

Hahaha... no offence to u, cheongwee, just a joke.

If my grandson ask me who is that guy..i would not say he is my Great Grand Father..., I dun want to disgrace my Great Grand Father. My Great Grand Father is from China, the land of the now roaring dragon, the saviour of the beggar country and the world. hahahahaha..

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Hahaha... no offence to u, cheongwee, just a joke.

If my grandson ask me who is that guy..i would not say he is my Great Grand Father..., I dun want to disgrace my Great Grand Father. My Great Grand Father is from China, the land of the now roaring dragon, the saviour of the beggar country and the world. hahahahaha..

cheongwee ( Date: 23-Aug-2009 16:37) Posted:

no , i bought his book, but i am not his fan, but he got some right..but this rd he seen right..so???..i bet he is right..

it is better like richtan said u trust your own action...it is better, you can only blamre yourself for your own action.....

wait first...wait oct we see then say.....afterall he did say oct 2010.or 20111...it is beginning oct 2009...very close..right??

buying his book to read does not make me a fan...i am a fan of money...hahahaha..

u know those fiat currency which got a picture of President...u know, my grandson ask me who is that guy..i said he is my Great Grand Father...hahahahaha..

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If wat he said is true tat by Oct 2010, DOW dropped to 3,800, tat is equivalent to a mkt crashed, real scary and nightmarish, maybe something even more severe than 911 - asteriods hit earth, etc (touched wood, hope not).

If by Oct, his predictions failed, he will definitely be another fallen star like wat I mentioned in my earlier post about a formerly well-known lady guru tat had fallen from grace and now trying to regain her former glory by making her predictions riding under the clout of a well-known brokerage (reminds me of the story of a wolf standing behind a lion)

cheongwee ( Date: 23-Aug-2009 16:37) Posted:

no , i bought his book, but i am not his fan, but he got some right..but this rd he seen right..so???..i bet he is right..

it is better like richtan said u trust your own action...it is better, you can only blamre yourself for your own action.....

wait first...wait oct we see then say.....afterall he did say oct 2010.or 20111...it is beginning oct 2009...very close..right??

buying his book to read does not make me a fan...i am a fan of money...hahahaha..

u know those fiat currency which got a picture of President...u know, my grandson ask me who is that guy..i said he is my Great Grand Father...hahahahaha..

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I beg to differ tat this round he is really right, having to revise his predictions which swing so wildly between his 2004 call for a Dow of 38,000 to 40,000 by 2010 and his 2009 interview calling for the Dow to drop to 3,800. even as 2010 still not yet reached.

cheongwee ( Date: 23-Aug-2009 16:37) Posted:

no , i bought his book, but i am not his fan, but he got some right..but this rd he seen right..so???..i bet he is right..

it is better like richtan said u trust your own action...it is better, you can only blamre yourself for your own action.....

wait first...wait oct we see then say.....afterall he did say oct 2010.or 20111...it is beginning oct 2009...very close..right??

buying his book to read does not make me a fan...i am a fan of money...hahahaha..

u know those fiat currency which got a picture of President...u know, my grandson ask me who is that guy..i said he is my Great Grand Father...hahahahaha..