Latest Posts By richtan - Supreme About richtan |
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15-Jul-2009 14:24 | China Hongxing / Good News for China Hongxin Go to Message | ||||
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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.
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15-Jul-2009 14:17 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Great to read tat, remember "Plan your trade n trade your plan", set your stop-loss. All the best to u. Cheers
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15-Jul-2009 13:10 | Sakari / Straits Asia Go to Message | ||||
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Hi Thomas_low, No hard feelings n no offence intended, how about why not u give a shot n share your TA. If u r new to TA, I had created a thread "Learning TA", search for it n learn as much as u can, hopefully one day, u u can join us in the TA camp here to share n exchange pointers. I always say: Master TA n you r the master of your trades n the adage: "Learn how to fish n u can fend for yourself forever, relying on others for fish n forever u r reliant on others. I will try to share my TA if time permits, as I m quite pre-occupied today.
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15-Jul-2009 13:00 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Hi el7888, No, u shouldn't thanks me, u must buy based on dyodd and set your stop-loss point as my analysis is neutral based on my knowledge n my interpretation of the chart n I maybe right or wrong or I m right but as TA is infallible, due to certain unforseen circumstances, it just wrong the right. Ideally, u should buy based on real breakout on closing as intraday maybe a fake n if more kiasu n kiasi, wait for another huigher high n higher low or re-test of tat broken resistance as support.
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15-Jul-2009 12:25 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Ausgroup, so far so good, had touched 49 (ie the resistance line), hope it will break thru on closing to validate the bullish falling wedge pattern.
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15-Jul-2009 12:22 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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Hi maxcty, Many thanks for your support. Refer to my posting to Kassanne about the thread "Learning TA". Hope u too can one day contribute your TA for sharing n exchange pointers.
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15-Jul-2009 12:16 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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Wow!! STI had broke the upper sloping resistance at 2328 and now at 2349. Hopefully, it stays above the resistance line at closing and next few days, form a higher high and hgher low and preferably re-test tat line as a support to confirm the bullish contracting triangle pattern.
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15-Jul-2009 12:10 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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Hi Kassanne, I suggest u learn TA, master TA and u are the master of your trades. I had created a thread "Learning TA", search for it and learn as much as u can and practice makes perfect, post your analysis n learn from fellow forumers opinions n exchange pointers. Remember the adage: 'Learn to fish n you can fend yourself forever, relying on others to fish for u n forever u r reliant on others" No offence intended n no hard feelings.
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15-Jul-2009 12:03 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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Hi des_khor, Yes, I do agree tat this is a public forum but as a matured adult, we should act and comment responsibly and not behave like insane lunatics, to add value to the forum and not to abuse and make a mockery of the forum.
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15-Jul-2009 11:59 | China Hongxing / Good News for China Hongxin Go to Message | ||||
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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.
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15-Jul-2009 11:46 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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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. |
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15-Jul-2009 11:42 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Hi Fellow forumers tat appreciate my sharings, I still see some clown (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, abusing and making a mockery of the rating system, 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. |
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15-Jul-2009 11:34 | Others / DOW Go to Message | ||||
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Thanks for your compliments but I still see some clown (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, 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. To learn more about TA, search for the thread "Learning TA" which I had created, hope you too can master TA and share with us to exchange pointers. U can also click on my nick to read all my past posts on advice to newbies and the 3 golden mantras
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15-Jul-2009 11:16 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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As per my chart below, Ausgroup needs to break above the upper down-sloping resistance line at 0.49 on closing followed by next few days higher high and higher low and/or re-test of the broken resistance line as support (optional) to confirm the bullish falling wedge continuation pattern.
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15-Jul-2009 10:44 | Midas / Midas Go to Message | ||||
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Hi fartist, As a TA practitioner, we have to look from all angles, eg (1) Line chart (easier to see the reversal and continuation pattern of wedges, triangles, flag and pennants, support, resistance, higher highs n higher lows or lower highs n lower lows), (2) Candlesticks (to look out for candlesticks reversal candles pattern, candlesticks continuation pattern), (3) daily charts, weekly and monthly chart. Hope my reply helps
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15-Jul-2009 10:18 | Others / DOW & STI Go to Message | ||||
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Asian Stocks Rise on U.S. Earnings, Metal Prices; Samsung Gains By Jonathan Burgos July 15 (Bloomberg) -- Asian stocks rose for a second day after Intel Corp.’s sales forecast exceeded analyst projections, Goldman Sachs Group Inc. reported record earnings and metal prices climbed. Samsung Electronics Co., the world’s second-largest maker of semiconductors after Intel, jumped 3.8 percent in Seoul on optimism demand for personal computers is recovering. Advantest Corp., the world’s biggest maker of memory-chip testers, added 1.5 percent in Tokyo. Rio Tinto Group, the world’s third-largest mining company, rose 1.6 percent. PetroChina Co., China’s largest oil producer, may be active when Hong Kong trading opens after its parent said the company’s refining profit climbed. “Confidence in the market is returning as economic data have been showing signs of stability and earnings have been positive as well,” said Chris Hall, who helps manage $2.4 billion at Argo Investments Ltd. in Adelaide. “The recovery is still fragile. We’re still waiting for signs that U.S. consumption is recovering.” The MSCI Asia Pacific Index added 0.4 percent to 100.92 in Tokyo at 10:32 a.m. in Tokyo, adding to yesterday’s 2.5 percent gain. The gauge has rallied 43 percent from a five-year low on March 9 on optimism government stimulus policies will revive the global economy. Japan’s Nikkei 225 Stock Average rose 0.2 percent. South Korea’s Kospi Index climbed 2 percent, while Australia’s S&P/ASX 200 Index advanced 0.8 percent. The U.S. Standard & Poor’s 500 Index added 0.9 percent yesterday as a government report showed retail sales advanced 0.6 percent last month from May, exceeding the 0.4 percent gain projected by economists. Goldman Sachs also reported a 65 percent jump in quarterly net income as revenue from trading and stock underwriting reached record highs. Intel Sales Futures on the S&P 500 climbed 0.9 percent after Intel, the world’s largest chipmaker, forecast sales will reach as much as $8.9 billion in the current quarter, surpassing the $7.86 billion estimated by analysts. The report came after U.S. markets closed. Technology shares were the second-biggest boost to the MSCI Asia Pacific Index today. Samsung climbed 3.8 percent to 658,000 won, while Advantest gained 1.5 percent to 1,741 yen. Taiwan Semiconductor Manufacturing Co., the world’s largest maker of customized chips, added 1.5 percent to NT$53.30. Intel’s forecasts and Goldman’s profit “indicate company earnings here won’t be as bad as some fear,” said Hiroichi Nishi, an equities manager at Tokyo-based Nikko Cordial Securities Inc. Metal Prices Rio gained 1.6 percent to A$49.86 after a gauge of six metals in London gained 3.4 percent, while copper futures added 3.4 percent in New York. Fortescue Metals Group Ltd. added 1.9 percent to A$3.67. Rio also said it’s continuing to sell iron ore on the spot market to Chinese customers, denying a report in the Financial Times. PetroChina’s American depositary receipts rose 1.7 percent yesterday. The company’s refining profit climbed to a record in the first half, parent company China National Petroleum Corp. said in a statement in Beijing today. To contact the reporter for this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net. Last Updated: July 14, 2009 21:33 EDT |
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15-Jul-2009 10:11 | Others / DOW Go to Message | ||||
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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. |
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15-Jul-2009 09:42 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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STI had broke the upper sloping resistance at 2328. Hopefully, it stays above the resistance line at closing and next few days, form a higher high and hgher low and preferably re-test tat line as a support to confirm the bullish contracting triangle pattern.
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14-Jul-2009 23:32 | Others / DOW Go to Message | ||||
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Treasuries Fall as Retail Sales Rise, Reducing Demand for Debt By Cordell Eddings July 14 (Bloomberg) -- Treasuries fell for a second day as sales at U.S. retailers rose more than expected in June, adding to signs the steepest recession in 50 years may be easing and crimping demand for the relative safety of government debt. Ten- and 30-year securities pared losses as the Standard & Poor’s 500 Index, which yesterday rose the most in six weeks, fluctuated between gains and losses. Prices paid to U.S. producers rose in June by twice as much as forecast. U.S. Treasury Secretary Timothy Geithner said today the world economy is on a “gradual” path to recovery. “The economic numbers are a positive because it shows that some of what the Fed has been doing has been working,” said Ajay Rajadhyaksha, head of U.S. fixed-income strategy in New York at Barclays Capital Inc. “They have been trying to induce some inflation to make sure disinflation or deflation don’t occur, so this bodes well for their efforts.” The yield on the 10-year note rose seven basis points, or 0.07 percentage point, to 3.42 percent at 10:13 a.m. in New York, according to BGCantor Market Data. The price of the 3.125 percent security maturing in May 2019 fell 17/32, or $5.31 per $1,000 face amount, to 97 18/32. President Barack Obama and Fed Chairman Ben S. Bernanke have committed $12.8 trillion to thaw frozen credit markets and snap the longest U.S. economic slump since the 1930s. Sales, Prices The 0.6 percent increase in retail sales was larger than forecast and the biggest gain since January, Commerce Department figures showed today in Washington. Purchases excluding automobiles and gasoline dropped for a fourth consecutive month. Prices paid to U.S. producers rose 1.8 percent in June, twice as much as anticipated, led by surging gasoline costs. The increase followed a 0.2 percent gain in May, the Labor Department said in Washington. Excluding food and fuel, so- called core prices rose 0.5 percent. Goldman Sachs said net income in the three months ended June 26 was $3.44 billion, or $4.93 a share, the New York-based bank said today in a statement. That surpassed the $3.65 per- share average estimate of 22 analysts surveyed by Bloomberg and compared with $2.09, or $4.58 per share, in last year’s second quarter. “The main driver in the market will be earnings performance,” said Thomas L. Di Galoma, head of U.S. rates trading at Guggenheim Capital Markets LLC, a New-York based brokerage for institutional investors. “By all indications it will be quite good today which puts pressure on bonds.” Credit Markets Treasuries rose earlier as the Fed prepared to purchase notes due from May 2011 to April 2012 today, the first of four buybacks over the next two weeks. The period coincides with a lull in the Treasury Department’s record borrowing schedule, with the next auction of coupon-bearing securities on July 27. The Fed said in March it would buy as much as $300 billion of Treasuries over six months in an effort to reduce borrowing costs. Declining 10-year note yields, which have fallen about 60 basis points since touching 4 percent on June 11, have helped the central bank’s mission. Thirty-year fixed-rate mortgages were at 5.30 percent July 13, down from as high as 5.74 percent last month, according to North Palm Beach, Florida-based Bankrate.com. The government more than doubled note and bond offerings to $963 billion in the first half of 2009 as it tries to end the recession. It may sell another $1.1 trillion by year-end, according to Barclays Plc, one of the 17 primary dealers that trade with the Fed. The second-half sales would be more than the amount sold in all of 2008. Treasuries have returned 1.1 percent in July, after a 4.5 percent first-half loss that was the most in 30 years, on speculation the U.S. recession will last into 2010. German government bonds rose 0.9 percent this month and Japanese securities gained 0.3 percent, according to indexes compiled by Merrill Lynch & Co. Consumer Prices The difference between rates on 10-year notes and Treasury Inflation Protected Securities, or TIPS, which reflects the outlook among traders for consumer prices, narrowed to 1.54 percentage points from as wide as 2.13 percentage points in June, which was the most in 2009. The spread has averaged 2.21 percentage points over the past five years. The financial crisis, which started with the collapse of the U.S. property market in 2007, has triggered $1.47 trillion of writedowns and credit losses at banks and sent the global economy into its first recession since World War II. Geithner said he sees several indications of stabilization and improvement in the U.S., along with “initial signs” of global progress. Government intervention across the world “substantially reduced the risk of much deeper and more prolonged global recession,” he said in Jeddah, Saudi Arabia. Libor-OIS Government and central bank efforts to revive credit markets that froze last year are showing some signs of success. The London interbank offered rate, or Libor, for three- month dollar loans was 0.51 percent today, near a record low. Libor is 26 basis points more than the upper end of the Federal Reserve’s target rate for overnight loans between banks, the narrowest difference since March 2008. The Libor-OIS spread, which measures banks’ willingness to lend to each other, narrowed to 31 basis points from 364 basis points in October. Former Fed Chairman Alan Greenspan said he would not expect a return to “normal” before markets reach 25 basis points. To contact the reporters on this story: Cordell Eddings in New York at ceddings@bloomberg.net. Last Updated: July 14, 2009 10:15 EDT |
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14-Jul-2009 23:29 | Others / DOW Go to Message | ||||
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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. |
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