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14-Jul-2009 09:46

China Sports / China Sport

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Hi dealer0168,

U can try chartNexus (www.chartnexus.com.sg/products/download.php), there is free and paid version.

For me, the free version is good enuf as I do my own analysis.

dealer0168 ( Date: 14-Jul-2009 08:06) Posted:

Ok. Btw Bintang the METASTOCK software u used is it a freeware?

Bintang ( Date: 13-Jul-2009 23:44) Posted:

I m using METASTOCK soft ware , so the interpretation of all the indicators using in the metastock can be found in the user ,s manual .

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14-Jul-2009 09:42

China Sports / China Sport

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Hi Bintang,

Many thanks for your compliments.

Nah, I m not the most knowledge n skilful chartist, I m sure there are more better chartist in the forum, eg like you, pilotfish and others.

I still keep referring to my TA books n search the net for TA websites like those I posted in the thread "Learnibg TA" for reference. Learning is an ongoing process.

Bintang ( Date: 14-Jul-2009 09:18) Posted:

Metastock is not free but is reliable , it also provides a whole set of indicators , I got it almost 20 yrs ago . Now still not so familiar to its function . Anyway use you own charting n study the chart well , all charts are the same . I m still learning , here in this forum , I think richtan is the most knowledgable n skillful chartist . He knows almost every pattern formation n indicators .

pilotfish ( Date: 14-Jul-2009 08:37) Posted:

It not free. METASTOCK is a professional trading software and it is very expensive.

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14-Jul-2009 00:09

Others / DOW

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Wow!! DOW forms an engulfing bullish white candle

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13-Jul-2009 23:37

China Hongxing / Good News for China Hongxin

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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.

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13-Jul-2009 23:30

China Sports / China Sport

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Even if the price moves up, the 3 emas pose a strong resistance.

I would prefer to enter only when it is above the 3 emas n either test

it as a support or then forms a higher high n higher low after breaking

above the 3 emas and the 3 emas gradient flattening.

richtan ( Date: 13-Jul-2009 22:59) Posted:

Below is my weekly 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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13-Jul-2009 23:23

China Sports / China Sport

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No, I have never use the Chaikin Oscillator, as I find with too many indicators n when they conflict with one another, the mind gets clouded n confused, too many cooks spoil the broth, so I try to keep to the minimum possible tat is commonly used.

dealer0168 ( Date: 13-Jul-2009 23:15) Posted:

Hi Pilotfish/ Richtan/ Bintang,

Have u guys use the Chaikin Oscillator indicator b4?

To my understanding, it is a helpful volume based technical indicator that helps confirm the price movement or divergences in price movement.

And according to my interpretation, based on current China Sport Chaikin Oscillator chart, the Chaikin Oscillator is making higher lows. And this signal a possibility that the previous downtrend may have ended.

Correct me if i interpret wrongly. (A discussion that hope to learn & understand more) Smiley

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13-Jul-2009 23:18

China Hongxing / Good News for China Hongxin

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Hi pilotfish,

Btw, pardon me as I m not good at Elliot wave, find it to complex and subjective, particularly with the labeling of the waves n sub-waves and all the rules, too many rules and waves n sub-waves till my head goes bonkers.

richtan ( Date: 13-Jul-2009 23:13) Posted:

Hi pilotfish,

Agree with u tat must at least 5 waves (a-b-c-d-e), wat I mean by 3 waves (a-b-c) is that

the a-b-c of the 5 wave forms the "a" of the 3 wave and the d-e of the 5 wave is the b-c of the 3 wave.

pilotfish ( Date: 13-Jul-2009 23:03) Posted:

Hi richtan,

Nope. For triangle or wedge, there must be at least 5 waves, each wave must consist 3 sub waves.

For A-B-C correction 5-3-5 or 3-3-5.

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13-Jul-2009 23:13

China Hongxing / Good News for China Hongxin

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Hi pilotfish,

Agree with u tat must at least 5 waves (a-b-c-d-e), wat I mean by 3 waves (a-b-c) is that

the a-b-c of the 5 wave forms the "a" of the 3 wave and the d-e of the 5 wave is the b-c of the 3 wave.

pilotfish ( Date: 13-Jul-2009 23:03) Posted:

Hi richtan,

Nope. For triangle or wedge, there must be at least 5 waves, each wave must consist 3 sub waves.

For A-B-C correction 5-3-5 or 3-3-5.

richtan ( Date: 13-Jul-2009 22:31) Posted:

Hi pilotfish,

Many thanks, I got wat u mean.

So it can either be viewed as 5 wave (a-b-c-d-e) or 3 wave (a-b-c) depending on how we labeled it.

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13-Jul-2009 23:06

China Hongxing / Good News for China Hongxin

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Yes, my view is , it may move down to test the lower sloping support at 13.5 and if it manage to bounce from there, then the contracting triangle is valid with a-b-c correction but if it breaks below it, then the contracting trlangle is void n next support at 12.5

pilotfish ( Date: 13-Jul-2009 22:51) Posted:

Hi richtan,

Thanks for sharing the chart. Notice the price is down with increasing volume not a good sign. Smiley

Agrre with bintang. Hongx is not likely to rebounce in near term...

Just my view

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13-Jul-2009 22:59

China Sports / China Sport

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13-Jul-2009 22:39

China Hongxing / Good News for China Hongxin

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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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13-Jul-2009 22:31

China Hongxing / Good News for China Hongxin

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Hi pilotfish,

Many thanks, I got wat u mean.

So it can either be viewed as 5 wave (a-b-c-d-e) or 3 wave (a-b-c) depending on how we labeled it.

pilotfish ( Date: 13-Jul-2009 22:22) Posted:

Oops, don't know what went wrong. Repost, should be able to see now.
Ogrinal chart copied here.

The whole correction is a 5 waves triangle. replaceing 1 and 2 with D and E respectively. Chart relabelled:

The whole correction is an a-b-c correction. A shifted, Move B to 1 and and C to 2. Chart relabelled:

Hope this clarifies.

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13-Jul-2009 14:57

China Hongxing / Good News for China Hongxin

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Hi pilotfish,

I dun see any chart at all but can see all other charts in the forum.

Can u see the chart u posted?

Can kindly re-post the chart

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13-Jul-2009 12:16

Trading Techniques / Learning TA

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Hi Fellow TA practitioner,

There is a wealth of TA stuff here, hope after learning, we can all share n contribute so tat we can exchange pointers n learn our mistakes or confirm our view with one another.

(1) https://chartnexus.com/learning/

(2) http://www.onlinetradingconcepts.com/index.html

(3) http://www.singaporestocks.com.sg/

(4) http://www.oilngold.com/

(5) http://www.incrediblecharts.com/technical/technical_analysis.php

(6) http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators

(7) free TA: http://www.youtube.com/watch?v=6bMO8Gjlwik

U can also see how the expert analyse charts, eg:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show&disp=p

Richard

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13-Jul-2009 12:10

China Hongxing / Good News for China Hongxin

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13-Jul-2009 11:52

Midas / Midas

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NEWS RELEASE - MIDAS SECURES ADDITIONAL FABRICATION CONTRACT WORTH RMB48 MILLION

- To provide fabrication and welding services for large component panels of metro train cars

Singapore, July 13, 2009 – Mainboard-listed Midas Holdings Limited (“Midas”) (麦达
斯控股有限公司) is pleased to announce today that its Aluminium Alloy Division, Jilin
Midas Aluminium Industries Co., Ltd (“Jilin Midas”) (吉林麦达斯铝业有限公司) has
secured an aluminium alloy train car body fabrication contract worth RMB48 million.

Awarded by Changchun Railway Vehicles Co., Ltd (长春轨道客车股份有限公司), the
contract involves the provision of fabrication and welding services for large
component panels used in the flooring, sides, front, back and roofing of metro train
cars. The contract value represents solely processing fees for fabrication and
welding services.

The contract is expected to be fulfilled between the fourth quarter of 2009 and 2010,
thus having a positive impact on the Group’s financials for the years ending
December 31, 2009 and 2010.

Said Mr. Patrick Chew (周华光), CEO of Midas: “The latest contract is the third
fabrication contract won by the Group this month. We are pleased to be making good
progress in our foray into the aluminium alloy train car body fabrication business,
which represents an additional revenue stream for the Group. This bodes well for us
as we gear up to expand our suite of services to tap the burgeoning opportunities in
the PRC railway market.”

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13-Jul-2009 11:32

Others / DOW & STI

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As per my chart below, STI must not break below 2240 on closing today, otherwise confirmed H&S.

If break above upper sloping resistance line at 2330, H&S void n confirm bullish contracting triangle pattern.

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 just my view, I may be right or wrong, so dyodd

richtan ( Date: 12-Jul-2009 16:47) Posted:

The bullish continuation pattern I m referring to in the chart below, is "contracting triangle pattern".

Do a google search on "contracting triangle pattern" n u will understand wat I mean.

richtan ( Date: 10-Jul-2009 14:24) Posted:

Below is my chart analysis of STI for sharing and exchange pointers.

I maybe wrong or right, so dyodd

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13-Jul-2009 11:22

China Hongxing / Good News for China Hongxin

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Hi pilotfish,

Soory to trouble u, Is it possible for u to kindly post a chart to explain as I can't figure out from your explanation.

Thanks a lot for your effort.

It is great tat we have a healthy exchange of views as at times we can be wrong in our interpretation.

Yes, I agree with u tat CHHX needs to come down 1st to complete the corrective wave b4 it can resume the up wave.

pilotfish ( Date: 13-Jul-2009 11:01) Posted:

It depends on how we look at it.

The whole correction is a 5 waves triangle. replaceing 1 and 2 with D and E respectively.

The whole correction is an a-b-c correction. Move B to 1 and and C to 2.

Comparing the chart from Hongx. To continue with the upwards move, price has to come down first to satisfy a positive divergence.

That's my view...

richtan ( Date: 13-Jul-2009 10:28) Posted:

Hi pilotfish,

U keep saying tat "A triangle will need at least 5 waves", but then look at the 2nd chart

"Couer D Alene Mines (CDE) - Nov 12th 2003" in

http://www.e-wavecharts.com/elliottwave/elliottwave.htm

which is a contracting triangle.

It doesn't look like 5 waves, more of a-b-c, 3 wave correction.

Wat I m saying is - triangles correction need not necessary be a 5 wave correction, can also be a 3 wave a-b-c correction.

This is just a discussion, exchange of views, wat is your comments or any articles to support your view tat triangles must have 5 wave correction as tat 2nd chart (a contracting triangle) doesn't look like a 5 wave, more of a 3 wave a-b-c correction.

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13-Jul-2009 10:28

China Hongxing / Good News for China Hongxin

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Hi pilotfish,

U keep saying tat "A triangle will need at least 5 waves", but then look at the 2nd chart

"Couer D Alene Mines (CDE) - Nov 12th 2003" in

http://www.e-wavecharts.com/elliottwave/elliottwave.htm

which is a contracting triangle.

It doesn't look like 5 waves, more of a-b-c, 3 wave correction.

Wat I m saying is - triangles correction need not necessary be a 5 wave correction, can also be a 3 wave a-b-c correction.

pilotfish ( Date: 13-Jul-2009 10:00) Posted:

No it's not a triangle. A triangle will need at least 5 waves.

For a-b-c correction, it may retrace to 0.16 or 0.14 or worst 0.12.

Currently support at 0.16. See how it goes.

richtan ( Date: 13-Jul-2009 09:55) Posted:

Yes, I agree with u, it could be possibly undergoing a-b-c, 3 wave bullish contracting triangle pattern correction

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13-Jul-2009 09:55

China Hongxing / Good News for China Hongxin

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Yes, I agree with u, it could be possibly undergoing a-b-c, 3 wave bullish contracting triangle pattern correction.

pilotfish ( Date: 13-Jul-2009 09:42) Posted:

No it doesn't look like a double 3. An a-b-c correction is more likely to be formed. Just my view...

pilotfish ( Date: 13-Jul-2009 09:30) Posted:

Link from CSI http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=6517&searchString=

CHHX look more like a double 3. Well still earlier to say.

Wedge or triangle need at least 5 waves.

Just my view...

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