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Sigh.... I m still far from being "Near-GOD", as in my charts posting yesterday (see below), I can only add annotation "possible reversal doji hammer"

Posted: 16-Jun-2009 23:33 Contact richtan * Quote this Post!

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CHHX today formed a doji hammer, a potential possibly reversal candle (see below chart posting) n could possibly head up

towards the sloping resistance n also possibly break-up above it, repeating like the previous similar-looking flagpole with sloping channel

This is just my opinion, I may b wrong, so dyodd.

richtan ( Date: 16-Jun-2009 18:56) Posted:

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richtan
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Posted: 16-Jun-2009 23:19 Contact richtan * Quote this Post!

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Sorrry, this is not my baby, as a firm believer n die-hardcore TA practitioner, I dun fall in love with any particular stocks.

As a TA practitioner, I plan my trade n trade my plan, I m prepared to take profit the moment it closes below 0.15, period.

Sorry, no insult intended, but I m afraid your understanding of TA might be shallow, unless if u are really keen to master TA, read up more TA books n it will tell u tat all human pyschology, sentiments, emotions, greed n fear are all captured in the charts, this is not said by me.

U need not believe me in wat I said, if u are seriously keen to verify this facts, research TA books or do a search for the few TA books I had recommended, it is all mentioned in it, to name a few: "Technical Analysis of the Futures Mkts" by John Murphy, "Japanese Candlestick Charting" by Steve Nison n particularly, in this book: "Trading for a Living" by Dr. Alexander Elder

newtothis ( Date: 16-Jun-2009 19:06) Posted:

Share is control by people, and this week sell down is by a group of BBs.

There is a particular group has been trying to sell down China Hongx for a long time. Therefore based on the market wave, others BB join in the ride. China Hongx will not break $0.22 until you see a significant evidence that China growth can sustain its growth. The fundamentals of China Hongx on paper looks too good to be true.

You play shares not just based on charts, You have to consider other factors, such as the market, the operating environment, etc.... You got to have ground people in china to really know whats going on. Chart is trying to plot the behaviour it might work on the same BB sometimes but it often prove to be wrong as others BB will join in and mess up the whole game. If that BB is stronger than the other BB who try to hold. It will ultimately follow suit selling short on other account to cover its losses.

The post i say it was selling down was based on my calculation at @2:25pm. With all my information & data on hands. Then I have to meet some important people, so i wasnt inform of the latest development.

Anyway i have decided to stop commenting on this share :) since this is your baby.

Good luck

richtan ( Date: 16-Jun-2009 18:48) Posted:

No offence n no hard feelings.

Wat makes u think tat "preparing for another selldown", I/we would sincerely appreciate if u could care to substantiate with some facts to elaborate.

Let's make this forum a "top-notch" forum with value-added postings,where we can exchange pointers n learn from each other, instead of generalised, factless, unsubstantiated posting n not degrade this forum to be like other "fish mkt" forum which I dun even bother to visit once I know it is a junk forum.

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foucs6900
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Posted: 16-Jun-2009 19:47 Contact foucs6900 * Quote this Post!

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Pardon me, can knw wat's BB u guys been mentioned har? tks

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newtothis
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Posted: 16-Jun-2009 19:06 Contact newtothis * Quote this Post!

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Share is control by people, and this week sell down is by a group of BBs.

There is a particular group has been trying to sell down China Hongx for a long time. Therefore based on the market wave, others BB join in the ride. China Hongx will not break $0.22 until you see a significant evidence that China growth can sustain its growth. The fundamentals of China Hongx on paper looks too good to be true.

You play shares not just based on charts, You have to consider other factors, such as the market, the operating environment, etc.... You got to have ground people in china to really know whats going on. Chart is trying to plot the behaviour it might work on the same BB sometimes but it often prove to be wrong as others BB will join in and mess up the whole game. If that BB is stronger than the other BB who try to hold. It will ultimately follow suit selling short on other account to cover its losses.

The post i say it was selling down was based on my calculation at @2:25pm. With all my information & data on hands. Then I have to meet some important people, so i wasnt inform of the latest development.

Anyway i have decided to stop commenting on this share :) since this is your baby.

Good luck

richtan ( Date: 16-Jun-2009 18:48) Posted:

No offence n no hard feelings.

Wat makes u think tat "preparing for another selldown", I/we would sincerely appreciate if u could care to substantiate with some facts to elaborate.

Let's make this forum a "top-notch" forum with value-added postings,where we can exchange pointers n learn from each other, instead of generalised, factless, unsubstantiated posting n not degrade this forum to be like other "fish mkt" forum which I dun even bother to visit once I know it is a junk forum.

newtothis ( Date: 16-Jun-2009 14:25) Posted:

They have shorters already covered. Preparing for another sell down soon T.T

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richtan
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Posted: 16-Jun-2009 18:56 Contact richtan * Quote this Post!

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richtan
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Posted: 16-Jun-2009 18:48 Contact richtan * Quote this Post!

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No offence n no hard feelings.

Wat makes u think tat "preparing for another selldown", I/we would sincerely appreciate if u could care to substantiate with some facts to elaborate.

Let's make this forum a "top-notch" forum with value-added postings,where we can exchange pointers n learn from each other, instead of generalised, factless, unsubstantiated posting n not degrade this forum to be like other "fish mkt" forum which I dun even bother to visit once I know it is a junk forum.

newtothis ( Date: 16-Jun-2009 14:25) Posted:

They have shorters already covered. Preparing for another sell down soon T.T

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Ooops, I saw your "Congrats" posting in another thread, wow... dun know is it "fruit-shot" or always "soooo choon".

I will monitor your fortune-telling, if always so choon, then u are really "Near-GOD" man I kowtow to u Smiley Smiley Smiley I will ride on your coat-tails liow, no need to work so hard studying charts n probably burn away all my TA books liow.

richtan ( Date: 17-Jun-2009 15:26) Posted:

BTW, I did a search but couldn't find your congrats post n I dun think anyone would presume tat u hinted to buy at 0.145 as u said instead "why u didn't ask people to buy at 0.145", to me tat is not tantamount to be a hint, if u are so sure, then no need to even hint, just be forthright, make your call n hold your guns, rather than glorifying n making claims now on hindsight.

newtothis ( Date: 17-Jun-2009 15:08) Posted:

I already hinted yesterday the market will be positive today (check my congrats post) and hinted why you didnt ask people go in @ 0.145.... sigh................ give free money also dont want.....

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SAR could be consolidating as "Trade Summary" shows a "tug-of-war" between the bulls n bears.

AJ1 (StraitsAsia)

WEIGHTED AVG PRICE : 1.7964	LAST DONE PRICE : 1.810
SPREAD/PRICE RATIO : 0.0055	AVG TRADE SIZE : 23.688

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
1.760	3	83	83	0	0
1.770	89	1,923	1,261	0	662
1.778	1	4	0	4	0
1.780	101	2,691	1,472	0	1,219
1.790	114	2,449	1,378	0	1,071
1.799	1	220	0	220	0
1.800	70	1,648	696	0	952
1.801	1	142	0	142	0
1.810	169	3,609	1,944	0	1,665
1.820	89	2,377	759	0	1,618
1.830	4	62	0	0	62
TOTAL	642	15,208	7,593	366	7,249

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BTW, I did a search but couldn't find your congrats post n I dun think anyone would presume tat u hinted to buy at 0.145 as u said instead "why u didn't ask people to buy at 0.145", to me tat is not tantamount to be a hint, if u are so sure, then no need to even hint, just be forthright, make your call n hold your guns, rather than glorifying n making claims now on hindsight.

newtothis ( Date: 17-Jun-2009 15:08) Posted:

I already hinted yesterday the market will be positive today (check my congrats post) and hinted why you didnt ask people go in @ 0.145.... sigh................ give free money also dont want.....

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Oooops, typo errors n amendments:

WOW!!!!! U are real great n "near-GOD", u are even better than Temasek's n GIC's "creap-of -the-crop" "top-brains". It is their great losses "tat u did not join their organisation", as with their top-brains, they still can make $5 billions losses.

Since u are "near-GOD", if u had joined them, they would have probably instead made $5 billions instead of losing $5 billions. Such a waste of talents.

richtan ( Date: 17-Jun-2009 15:14) Posted:

WOW!!!!! U are "near-GOD", u are even better than Temasek's n GIC's "creap-of -the-crop" "top-brains". It is their great losses as with their top-brians, they still can make $5 billions losses.

newtothis ( Date: 17-Jun-2009 15:08) Posted:

I already hinted yesterday the market will be positive today (check my congrats post) and hinted why you didnt ask people go in @ 0.145.... sigh................ give free money also dont want.....

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WOW!!!!! U are "near-GOD", u are even better than Temasek's n GIC's "creap-of -the-crop" "top-brains". It is their great losses as with their top-brians, they still can make $5 billions losses.

newtothis ( Date: 17-Jun-2009 15:08) Posted:

I already hinted yesterday the market will be positive today (check my congrats post) and hinted why you didnt ask people go in @ 0.145.... sigh................ give free money also dont want.....

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Trade Summary shows more n more buyers are now buying up by snapping up from the sellers queue.

Not an inducenment to buy or sell. Dyodd.

BR9 (China Hongx)

WEIGHTED AVG PRICE : 0.1528	LAST DONE PRICE : 0.160
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 186.423

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.145	25	2,013	2,013	0	0
0.150	81	15,355	6,682	0	8,673
0.155	54	12,082	0	0	12,082
0.160	22	4,479	253	0	4,226
TOTAL	182	33,929	8,948	0	24,981

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Those whom have bot at 19 cts on their discretion (note: I only post facts, figurs n charts n did not ask people to buy n people have brains to dyodd) n did not cut-loss, only incur paper loss not realised monetary losses but must at all times set a "stop-loss point", this is a necessary prerequsite of trading to minimise losses.

For my personal trades, as indicated in my charts, I will exited (profits) the next day, only if it closes below 15 cts, period, no emotions, I plan my trade n trade my plan.

This is not an inducement to buy or sell. Dyodd.

richtan ( Date: 17-Jun-2009 01:02) Posted:

Again, no offence intended n no hard feelings, u claim tat u know TA but it seems either your knowledge of TA is shallow or probably u had forgotten wat u had read or either u are contradicting yourself as u dun really know TA, why I said tat, bcos if u had remembered or mastered TA n read up all those TA books, it is mentioned tat TA is not the "holy grail" n is "not infallible", thus the importance of "Plan your trade n trade your plan" n "set your cut-loss point", this is not said by me but in most TA books.

If u are really keen or wish to refresh your knowledge of TA, do some research or or do a search of my posting n read up those few TA books I had previously recommended, it is mentioned in most of these books, eg "Technical Analysis of the Futures Mkts" by John Murphy, "Japanese Candlestick Charting Techniques" by Steve Nison n particularly in "Trading for a Living" by Dr. Alexander Elder.

U are puting words in my mouth, I had n will never in any postings "ask forumers to jump in", I merely post the facts such as "TA analysis", "Time n sales", "Trade Summary" n likewise l will not go to the extent of "advice people to go in at 0.145", dun believe - just look at my below chart posting n I too always mentioned "dyodd", unless u dun know wat is "dyodd"

As I had mentioned in my previous posting (dun believe, do a search), I mentioned tat there will always be poor people as not all people read charts, there are those speculators, buying blindly based on friend's tips, even those tat read charts, they may either interpret it wrongly or if they interpret it correctly, there is this element called "unpredictability", thus why TA is not infallible, causing the candles to turn against them, thus the need to set cut-loss point, not possible tat every trades make money.

U may be right this time just as I had been right other times but not everytime, thus there is no need to gloat n blow your trumpet as u may be wrong the next time as u can't possibly know all the BBs in the whole world.

Also, if u really know or remembered wat u read in those TA books, u should know tat it is a bonus if u know "why the volume shoot-up" but a true TA practitioner do not need to know "why the volume shoot-up", except tat it is important to know n interpret the "price-volume" action just as u dun need to know how a car works to drive a car, how a TV works to watch a TV programme, how a pc works to use a pc, etc, etc, etc.

newtothis ( Date: 16-Jun-2009 23:55) Posted:

LOL. Didnt i mention it did try to plot the behavior of a share ? Maybe I need to be more specific ? :) I do understand TA.

Since China Hongx is $0.190 i read your post. At the same time i dispose all my shares. Why ? Because I know a sell off is coming ....

You keep asking people to jump in and buy china hongx. If those people really jump in and buy at 0.190 .... How much have they lost ? You tell people to accumulate at $0.190 ... which i signal its too danagerous and your not happy. But what have the recent market prove ? Since your TA is so good, shouldnt you advice people to go in at 0.145 ?

If TA can really predict what BBs will do ..... They will be no poor people already. There are so much strategy and so deep in trading shares done by the BB. I know your good in TA and i must admit that it is useful but with TA alone it is not sufficient.

When the price shot up with a huge volume do you know what actually happen ?

Anyway I am learning everyday. Shares are really smart game not just any TA can predict it. Anyway that just my 2 cents. No system in this world can really capture and predict the share prices of the future. Please use it wisely.

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Alemak, just dun know why always tends to get jumbled up, another try.

From DBSV: Midas secured RMB603m contract; expect more to be won in coming months.

•

Midas has secured two contracts worth an aggregate sum of

RMB603m, to supply aluminium alloy extrusion profiles for 100

train sets. Both contracts are to be fulfilled over the second half

of 2009 to 2011. Such a huge contract is positive for Midas, as

it brings their order book to over S$200m and more contracts

are expected to be won in the coming months, which is likely

to include metro train projects. Maintain Buy, TP S$0.82

richtan ( Date: 17-Jun-2009 14:39) Posted:

From DBSV:

•

Midas has secured two contracts worth an aggregate sum of

RMB603m, to supply aluminium alloy extrusion profiles for 100

train sets. Both contracts are to be fulfilled over the second half

of 2009 to 2011. Such a huge contract is positive for Midas, as

it brings their order book to over S$200m and more contracts

are expected to be won in the coming months, which is likely

to include metro train projects. Maintain Buy, TP S$0.82.Midas secured RMB603m contract; expect more to be won in coming months.

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From DBSV:

•

Midas has secured two contracts worth an aggregate sum of

RMB603m, to supply aluminium alloy extrusion profiles for 100

train sets. Both contracts are to be fulfilled over the second half

of 2009 to 2011. Such a huge contract is positive for Midas, as

it brings their order book to over S$200m and more contracts

are expected to be won in the coming months, which is likely

to include metro train projects. Maintain Buy, TP S$0.82.Midas secured RMB603m contract; expect more to be won in coming months.

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Trade Summary shows "Buy on rumours n lagi buy..buy...buy on news"

richtan ( Date: 17-Jun-2009 14:32) Posted:

Trade Summary shows more n more buyers are buying up by snappng from the sellers queue.

Not an inducenment to buy or sell. Dyodd.

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.7137 LAST DONE PRICE : 0.720

SPREAD/PRICE RATIO : 0.0069 AVG TRADE SIZE : 36.774

< />

Last Trades Vol BuyVol Mid SellVol

0.705 13 1,058 348 710 0

0.710 287 9,050 3,975 0 5,075

0.711 1 135 0 135 0

0.712 1 50 0 50 0

0.713 2 360 0 360 0

0.714 1 70 0 70 0

0.715 205 8,608 4,021 0 4,587

0.717 1 247 0 247 0

0.719 1 319 0 319 0

0.720 152 4,418 55 0 4,363

0.724 1 140 0 140 0

TOTAL 665 24,455 8,399 2,031 14,025

JJSeng ( Date: 17-Jun-2009 13:30) Posted:

Becareful, as what people said "buy on rumours and sell on news".

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Trade Summary shows more n more buyers are buying up by snappng from the sellers queue.

Not an inducenment to buy or sell. Dyodd.

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.7137 LAST DONE PRICE : 0.720

SPREAD/PRICE RATIO : 0.0069 AVG TRADE SIZE : 36.774

< />

Last Trades Vol BuyVol Mid SellVol

0.705 13 1,058 348 710 0

0.710 287 9,050 3,975 0 5,075

0.711 1 135 0 135 0

0.712 1 50 0 50 0

0.713 2 360 0 360 0

0.714 1 70 0 70 0

0.715 205 8,608 4,021 0 4,587

0.717 1 247 0 247 0

0.719 1 319 0 319 0

0.720 152 4,418 55 0 4,363

0.724 1 140 0 140 0

TOTAL 665 24,455 8,399 2,031 14,025

JJSeng ( Date: 17-Jun-2009 13:30) Posted:

Becareful, as what people said "buy on rumours and sell on news".

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Trade Summary shows more n more buyers are buying up by snappng from the sellers queue.

Not an inducenment to buy or sell. Dyodd.

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.5685	LAST DONE PRICE : 0.575
SPREAD/PRICE RATIO : 0.0087	AVG TRADE SIZE : 45.919

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.550

7

191

157

0

34

0.555

15

518

369

0

149

0.560

49

1,409

688

11

710

0.565

74

3,274

1,426

0

1,848

0.570

78

4,854

2,065

0

2,789

0.575

83

3,909

1,323

0

2,586

0.580

4

80

0

80

TOTAL

310

14,235

6,028

11

8,196

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Trade Summary shows more buyers are buying up by catching from the sellers queue.

Not an inducenment to buy or sell. Dyodd.

BR9 (China Hongx)

WEIGHTED AVG PRICE : 0.1502	LAST DONE PRICE : 0.150
SPREAD/PRICE RATIO : 0.0333	AVG TRADE SIZE : 145.797

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.145

25

2,013

0

0.150

79

15,255

6,582

0

8,673

0.155

34

2,852

0

2,852

TOTAL

138

20,120

8,595

0

11,525

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Trade Summary shows more buyers are buying up by catching from the sellers queue.

Not an inducenment to buy or sell. Dyodd.

SGX

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5EN (MIDAS)

WEIGHTED AVG PRICE : 0.7136	LAST DONE PRICE : 0.710
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 37.388

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.705

13

1,058

348

710

0

0.710

277

8,741

3,825

0

4,916

0.711

1

135

0

135

0

0.712

1

50

0

50

0

0.713

2

360

0

360

0

0.714

1

70

0

70

0

0.715

187

7,999

3,971

0

4,028

0.717

1

247

0

247

0

0.719

1

319

0

319

0

0.720

139

4,211

55

0

4,156

0.724

1

140

0

140

0

TOTAL

624

23,330

8,199

2,031

13,100

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Trade Summary shows more buyers are buying up by catching from he sellers queue.

Not an inducenment to buy or sell. Dyodd.

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.5673	LAST DONE PRICE : 0.570
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 45.48

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.550

7

191

157

0

34

0.555

15

518

369

0

149

0.560

49

1,409

688

11

710

0.565

74

3,274

1,426

0

1,848

0.570

60

4,174

1,807

0

2,367

0.575

49

2,057

759

0

1,298

0.580

2

20

0

20

TOTAL

256

11,643

5,206

11

6,426

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Article from Next Insight:

CITIGROUP: S-chips still cheap

http://www.nextinsight.com.sg/content/view/1217/60/

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Article from Next Insight:

Premature to judge the rally over

http://www.nextinsight.com.sg/content/view/1237/60/

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Article fro Next Insight:

Premature to judge the rally over

http://www.nextinsight.com.sg/content/view/1237/60/

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Stocks' rally could find more fuel through June

[Sunday, June 07, 2009 | 0 comments ]

NEW YORK (MarketWatch) -- With a much better-than-expected jobs report under its belt, the market might forge ahead next week, a fairly light one in terms of economic and corporate news.
"There are enough investors out there that do feel they have missed the market's rally since early March," said Michael Sheldon, chief market strategist at RDM Financial.

"The quarter end is approaching and funds are having to show how well they've done to their shareholders," he said. "I wouldn't be surprised to see it continue over the next couple of weeks."

On Friday, news that the U.S. economy lost fewer jobs than expected in May failed to provide much of a boost to a market apparently satiated with economic news that has turned out to be less bad than originally feared.

Payrolls fell 345,000, much less than the 500,000 expected by economists surveyed by MarketWatch, but the jobless rate still rose to 9.4%, a 26-year high