/> ShareJunction - Member Posts
logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Forex Investor Insights Investment News Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back

Latest Posts By richtan - Supreme      About richtan
First   < Newer   2041-2060 of 3268   Older>   Last  

13-Jul-2009 09:52 China Hongxing   /   Good News for China Hongxin       Go to Message
x 0
x 1

Hi pilotfish,

Look at the 2nd chart "Couer D Alene Mines (CDE) - Nov 12th 2003" in

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

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 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...



richtan      ( Date: 13-Jul-2009 00:52) Posted:

Hi pilotfish,

CHHX is probably currently in the process of forming the contracting triangle continuation pattern.

Tat pattern will be void if it breaks below the sloping support line in the next few days.

Contracting triangle works on both daily n weekly chart n need not fulfil the 5 wave pattern, take a look at tat 2nd chart mentioned, it does not look like having 5 waves.

 
Good Post  Bad Post 
13-Jul-2009 09:15 China Sports   /   China Sport       Go to Message
x 0
x 0

Hi pilotfish,

Just exchange pointers n knowledge, it is not a contracting triangle but instead is a bullish falling wedge.

Do a google search, many resources, eg:

http://www.investopedia.com/university/charts/charts7.asp



pilotfish      ( Date: 13-Jul-2009 08:48) Posted:



Sorry missout the 5

For figure 2. Just relabelled 1 and 2 with D and E, u will get a 5 waves contracting triangle.


Good Post  Bad Post 
13-Jul-2009 01:29 Midas   /   Midas       Go to Message
x 0
x 0 		Hi Fellow Forumers,

Looks like the pest have morphed, mutated, re-incarnated or made another clone or got an agent (01101749) out to taunt me again in the "Ausgroup" thread.

Plse give me your support to rebut or lodge a complaint to admin to remove such pests from making non-value-added,

unconstructive post out to taunt people.

Our peaceful days only lasted a few days, the jaws/pests are back now and taunts are re-appearing. 

 
Good Post  Bad Post 
13-Jul-2009 01:27 China Sports   /   China Sport       Go to Message
x 1
x 0

Hi Bintang,

A rising wedge is bearish while a falling wedge is bullish.

To understand more, do a google search on both terms, "rising wedge pattern" n "falling wedge pattern"



Bintang      ( Date: 12-Jul-2009 17:50) Posted:

Hi  richtan , is the rising wedge also a bearish wedge ?
Good Post  Bad Post 
13-Jul-2009 01:23 China Sports   /   China Sport       Go to Message
x 0
x 0 		It is always advisable to buy on a break up of the resistance on increase volume, if weak volume, best to wait for a re-test of the broken resistance as a support

fartist      ( Date: 12-Jul-2009 18:36) Posted:



Okay another qns here guys, would it be a better entry to buy at the downtrend lower channel support or at the horizontal support? Which support holds stronger? Thanks!
Good Post  Bad Post 
13-Jul-2009 01:19 China Sports   /   China Sport       Go to Message
x 0
x 0

Hi pilotfish,

No offence or embarrassment intended, just excahnge pointers n knowledge, it is not a contracting triangle but instead is a bullish falling wedge.

Do a google search, many resources, eg:

http://www.investopedia.com/university/charts/charts7.asp



pilotfish      ( Date: 12-Jul-2009 20:41) Posted:



Thanks for richtan for the link in Hongx forum for recalling what I have learnt years ago.

CSI has formed or forming a 5 waves contrating triangle not a wedge. Pivoting point failed at 13.5 cents 12.5 provides another pivoting. Monday or the next 2 days will be curcial. Expecting volume to pick up.

Agree with bintang; Better entry point will be after the confirmation of a key reversal day.

See chart (increase in volume in needed) For reference only.


Good Post  Bad Post 
13-Jul-2009 01:12 China Sports   /   China Sport       Go to Message
x 0
x 0 		Hi Fellow Forumers,

Looks like the pest have morphed, mutated, re-incarnated or made another clone or got an agent (01101749) out to taunt me again in the "Ausgroup" thread.

Plse give me your support to rebut or lodge a complaint to admin to remove such pests from making non-value-added,

unconstructive post out to taunt people.

Our peaceful days only lasted a few days, the jaws/pests are back now and taunts are re-appearing. 

 
Good Post  Bad Post 
13-Jul-2009 00:52 China Hongxing   /   Good News for China Hongxin       Go to Message
x 0
x 0

Hi pilotfish,

CHHX is probably currently in the process of forming the contracting triangle continuation pattern.

Tat pattern will be void if it breaks below the sloping support line in the next few days.

Contracting triangle works on both daily n weekly chart n need not fulfil the 5 wave pattern, take a look at tat 2nd chart mentioned, it does not look like having 5 waves.

 



pilotfish      ( Date: 13-Jul-2009 00:24) Posted:

Hi richtan,

Personally I don't think that the entry will appear so soon.

Figure 2 in your link is not a weekly chart. Nevertheless, Hongx doesn't fit the 5 waves contracting triangle. (CSI already fullfil).

For Hongx to move up or down, volume plays an importance role. However, indicators are now unfavourable for the upside move.

Just my view....



richtan      ( Date: 13-Jul-2009 00:11) Posted:

Hi pilotfish,

Note my annotations in my chart whereby I stated tat the bullish contracting triangle pattern

will be void if it breaks below the lower sloping support line at 13 cts on close, have to monitor

for the next few days to see if the pattern is valid.

It will be vaild if it bounce up upon touching the lower sloping support line and then later on break above the upper sloping resistance line.

It could beundergoing  a 3 wave a-b-c correction.
Good Post  Bad Post 
13-Jul-2009 00:48 China Hongxing   /   Good News for China Hongxin       Go to Message
x 1
x 1 		Hi Fellow Forumers,

Looks like the pest have morphed, mutated, re-incarnated or made another clone (01101749) out to taunt me again in the "Ausgroup" thread.

Plse give me your support to rebut or lodge a complaint to admin to remove such pests from making non-value-added,

unconstructive post out to taunt people.

Our peaceful days only lasted a few days, the jaws/pests are back now and taunts are re-appearing. 

 
Good Post  Bad Post 
13-Jul-2009 00:35 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
x 1
x 0

Dun understand why when I copy a pdf, it always get jumbled up.

A retry :

 

A picture speaks a thousand words”, a well-known adage that speaks the virtue of

picture and the wealth of information that it contains and conveys.

 

In the interesting world of equity market where the law of supply and demand dictates

the direction of an equity instrument (e.g. stock) and the market where the buyer and

seller often wrestle with each other on the price of the equity. And then there are cases

when both parties decide to stay on the sideline due to lack of interest or fresh leads.

 

In any case, when we plot the chart based on the opening and closing price and the

volume transacted, it became clear that we can visualize and observe the action going

on, of course as to what is really going on, that is still open for interpretation.

 

This has lead to the adoption of Technical Analysis (TA) which includes charting, various

forms of simple and highly sophisticated technical indicators, Japanese candlesticks

among investors and traders, fund managers around the world in their short-term,

mid-term or long-term investment decision-making. They use TA to better understand

market behavior (or rather the collective human behavior) to uncover opportunity or

shun potential losses.

 

Another reason why TA has been gaining popularity, is because we human are emotional

creatures and can be easily affected emotionally. Emotions such as fear or greed

often make us susceptible to irrational exuberance or even excessive gloom. By employing

TA and having them implemented in computer programs, we can automate and

eliminate the emotion out of the decision making.

 

Quoting from the famous John Murphy (Philosophy of Technical Analysis), TA is

based on the following three premises:


 Market actions discount everything. Prices move in trends. History repeats itself.







richtan      ( Date: 13-Jul-2009 00:26) Posted:

I m not here to argue with u, if u are a TA detractor, plse just ignore n dun peep my chart posting n start

making unconstructive comments.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

Anyway, I will not be replying to u anymore as I m abiding admin's request not to reply to taunts.

 

The below is copied from chartNexus user manual, not created by me n remember, TA is not infallible

“

picture and the wealth of information that it contains and conveys.

In the interesting world of equity market where the law of supply and demand dictates

the direction of an equity instrument (e.g. stock) and the market where the buyer and

seller often wrestle with each other on the price of the equity. And then there are cases

when both parties decide to stay on the sideline due to lack of interest or fresh leads.

In any case, when we plot the chart based on the opening and closing price and the

volume transacted, it became clear that we can visualize and observe the action going

on, of course as to what is really going on, that is still open for interpretation.

This has lead to the adoption of Technical Analysis (TA) which includes charting, various

forms of simple and highly sophisticated technical indicators, Japanese candlesticks

among investors and traders, fund managers around the world in their short-term,

mid-term or long-term investment decision-making. They use TA to better understand

market behavior (or rather the collective human behavior) to uncover opportunity or

shun potential losses.

Another reason why TA has been gaining popularity, is because we human are emotional

creatures and can be easily a

often make us susceptible to irrational exuberance or even excessive gloom. By employing

TA and having them implemented in computer programs, we can automate and

eliminate the emotion out of the decision making.

Quoting from the famous John Murphy (Philosophy of Technical Analysis), TA is

based on the following three premises:

A picture speaks a thousand words”, a well-known adage that speaks the virtue of
ected emotionally. Emotions such as fear or greed



Market actions discount everything.



Prices move in trends.



History repeats itself.

01101749      ( Date: 12-Jul-2009 21:17) Posted:

richtan, no offense to you. nothing personal. I seen many TA analysis, you go to forex ever worse.

people drawing many line an analyzing every move at the end. they are still wrong always wrong. what a waste of time.

put so much effort yet still wrong again and again. yet people still try, sound familiar like TOTO or 4W. collect so much data

and always wrong yet people still repeat it like ground hog day or Amnesia??  no wonder broker can make alot of money or r you a broker?   : )
Good Post  Bad Post 
13-Jul-2009 00:26 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
x 0
x 1

I m not here to argue with u, if u are a TA detractor, plse just ignore n dun peep my chart posting n start

making unconstructive comments.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

Anyway, I will not be replying to u anymore as I m abiding admin's request not to reply to taunts.

 

The below is copied from chartNexus user manual, not created by me n remember, TA is not infallible

“

picture and the wealth of information that it contains and conveys.

In the interesting world of equity market where the law of supply and demand dictates

the direction of an equity instrument (e.g. stock) and the market where the buyer and

seller often wrestle with each other on the price of the equity. And then there are cases

when both parties decide to stay on the sideline due to lack of interest or fresh leads.

In any case, when we plot the chart based on the opening and closing price and the

volume transacted, it became clear that we can visualize and observe the action going

on, of course as to what is really going on, that is still open for interpretation.

This has lead to the adoption of Technical Analysis (TA) which includes charting, various

forms of simple and highly sophisticated technical indicators, Japanese candlesticks

among investors and traders, fund managers around the world in their short-term,

mid-term or long-term investment decision-making. They use TA to better understand

market behavior (or rather the collective human behavior) to uncover opportunity or

shun potential losses.

Another reason why TA has been gaining popularity, is because we human are emotional

creatures and can be easily a

often make us susceptible to irrational exuberance or even excessive gloom. By employing

TA and having them implemented in computer programs, we can automate and

eliminate the emotion out of the decision making.

Quoting from the famous John Murphy (Philosophy of Technical Analysis), TA is

based on the following three premises:

A picture speaks a thousand words”, a well-known adage that speaks the virtue of
ected emotionally. Emotions such as fear or greed



Market actions discount everything.



Prices move in trends.



History repeats itself.

01101749      ( Date: 12-Jul-2009 21:17) Posted:

richtan, no offense to you. nothing personal. I seen many TA analysis, you go to forex ever worse.

people drawing many line an analyzing every move at the end. they are still wrong always wrong. what a waste of time.

put so much effort yet still wrong again and again. yet people still try, sound familiar like TOTO or 4W. collect so much data

and always wrong yet people still repeat it like ground hog day or Amnesia??  no wonder broker can make alot of money or r you a broker?   : )



01101749      ( Date: 12-Jul-2009 21:04) Posted:

you have been showing arrow up, indicating up movement many time and you are wrong many many many time. :)

stock keep going down! this shows, TA does not work !!! 

you TA analysis is  pure  Nostradamus theory. keeping saying Up  and wait long enough eventually you are right. by then you have lost every dollar and gone bankrupt!  Do you agree??
Good Post  Bad Post 
13-Jul-2009 00:11 China Hongxing   /   Good News for China Hongxin       Go to Message
x 0
x 0

Hi pilotfish,

Note my annotations in my chart whereby I stated tat the bullish contracting triangle pattern

will be void if it breaks below the lower sloping support line at 13 cts on close, have to monitor

for the next few days to see if the pattern is valid.

It will be vaild if it bounce up upon touching the lower sloping support line and then later on break above the upper sloping resistance line.

It could beundergoing  a 3 wave a-b-c correction.



richtan      ( Date: 12-Jul-2009 17:37) Posted:



My chart analysis below for sharing n exchange pointers.

I maybe right or wrong, so dyodd n share your analysis.



Good Post  Bad Post 
13-Jul-2009 00:00 China Hongxing   /   Good News for China Hongxin       Go to Message
x 0
x 0

Hi pilotfish,

Dun get wat u mean by "Figure 2 is a weekly chart"

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

Look at the 2nd chart (nothing on the chart indicates tat it is a weekly chart) -  "Couer D Alene Mines (CDE) - Nov 12th 2003",

looks identical to CHHX,

CHHX is probably currently in the process of forming the contracting triangle continuation pattern.

Contracting triangle works on both daily n weekly chart n need not fulfil the 5 wave pattern, take a look at the 2nd chart mentioned above, it does not look like having 5 waves.

 



pilotfish      ( Date: 12-Jul-2009 19:41) Posted:

Hi richtan

Figure 2 is a weekly chart.

Hongx daily and weekly don't fit to have 5 waves contracting triangle.

Your link remind me about my waves study number of years ago. Recalling bit bt bit now. For CSI. It is not a wedge.

Will post it there later.

 

 



richtan      ( Date: 12-Jul-2009 17:57) Posted:

Hi pilotfish,

Do a google search on "contracting triangle pattern" and see whether my chart below conforms to it.

I did a google search on it:

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

Look at the 2nd chart "Couer D Alene Mines (CDE) - Nov 12th 2003", looks identical to CHHX.
Good Post  Bad Post 
12-Jul-2009 23:46 China Hongxing   /   Good News for China Hongxin       Go to Message
x 0
x 0

Hi Bintang ADX indicator are lagging indicator, dun believe, do a backtrack study n

correlate the price trend with the ADX trend



Bintang      ( Date: 12-Jul-2009 22:50) Posted:

Hi  fartist . Hi  pilotfish , like to share with u the  -DI ,+DI  n ADX , they are very important indicators in TA charting . now the -DI has crossed over +DI  from below , the ADX is going to turn up , all these have pointed to a accelerate down trend .

fartist      ( Date: 12-Jul-2009 21:33) Posted:



I totally agree with you on the volume partand indicator part and with heavy volume everything will change.

Gotta keep a look out the next few days :)
Good Post  Bad Post 
12-Jul-2009 17:57 China Hongxing   /   Good News for China Hongxin       Go to Message
x 0
x 0

Hi pilotfish,

Do a google search on "contracting triangle pattern" and see whether my chart below conforms to it.

I did a google search on it:

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

Look at the 2nd chart "Couer D Alene Mines (CDE) - Nov 12th 2003", looks identical to CHHX.



pilotfish      ( Date: 12-Jul-2009 17:49) Posted:

Hi richtan,

Hongx's chart doesn't look good. Indicators getting weak. Any rise in price may not sustain.

"Cut loss" should have been done before mid June.

Just my view....



richtan      ( Date: 12-Jul-2009 17:37) Posted:



My chart analysis below for sharing n exchange pointers.

I maybe right or wrong, so dyodd n share your analysis.




Good Post  Bad Post 
12-Jul-2009 17:46 China Sports   /   China Sport       Go to Message
x 0
x 0

I did a google search on "bullish wedge pattern":

http://www.tradingpricepatterns.com/bullish-wedge/



richtan      ( Date: 12-Jul-2009 17:42) Posted:

Hi pilotfish,

Can kindly post your chart to show the "bullish wedge" as I can't figure it out.

Btw, a rising wedge is bearish.



pilotfish      ( Date: 12-Jul-2009 17:38) Posted:

Hi richtan,

Noted with thanks. Smiley

CSI formed a wedge. Yes. pivoting failed at 13.5 cents 12.5 provides another pivoting. See how it goes on Monday.

It is not a rissing wedge. Rissing wedge normally signal the bull trend is ending.

The name for this wedge is commonly called bullish wedge which signifies a bear trend is ending soon that is probably the reason a positive divergence was noted earlier.

Just my view...
Good Post  Bad Post 
12-Jul-2009 17:42 China Sports   /   China Sport       Go to Message
x 0
x 0

Hi pilotfish,

Can kindly post your chart to show the "bullish wedge" as I can't figure it out.

Btw, a rising wedge is bearish.



pilotfish      ( Date: 12-Jul-2009 17:38) Posted:

Hi richtan,

Noted with thanks. Smiley

CSI formed a wedge. Yes. pivoting failed at 13.5 cents 12.5 provides another pivoting. See how it goes on Monday.

It is not a rissing wedge. Rissing wedge normally signal the bull trend is ending.

The name for this wedge is commonly called bullish wedge which signifies a bear trend is ending soon that is probably the reason a positive divergence was noted earlier.

Just my view...



richtan      ( Date: 12-Jul-2009 15:43) Posted:

Hi pilotfish,

If u are using the free chartnexus software, there is an indicator called "volume ma", the default is set at 14ma.
Good Post  Bad Post 
12-Jul-2009 17:37 China Hongxing   /   Good News for China Hongxin       Go to Message
x 0
x 0

My chart analysis below for sharing n exchange pointers.

I maybe right or wrong, so dyodd n share your analysis.


Good Post  Bad Post 
12-Jul-2009 16:47 Others   /   DOW & STI       Go to Message
x 0
x 0

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

 


Good Post  Bad Post 
12-Jul-2009 16:00 China Sports   /   China Sport       Go to Message
x 1
x 0 		U are welcome, still learning, everyday is a learning process, still continuously referring to TA books n do google search on those terms.

Bintang      ( Date: 12-Jul-2009 15:45) Posted:

Yes , richtan can provide a clearer  chart pattern , and explains  more in details . Thanks richtan , n hope fartist gets the points .
Good Post  Bad Post 
First   < Newer   2041-2060 of 3268   Older>   Last  



ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.