ShareJunction - Member Posts

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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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Midas now break up of the down-sloping resistance line on higher vol than yesterday

Patience does has its virtues.

The tortoise will eventually win the race.

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Dun mind justify your reason (with substances like facts, figures, TA, etc) tat make u say tat.

Thks

ozone2002 ( Date: 11-Sep-2009 15:02) Posted:

BIG BIG BUBBLE FORMING..

erictkw ( Date: 11-Sep-2009 12:57) Posted:

China assures world on stimulus efforts

08:09, September 11, 2009

China will not end its stimulus initiatives at a time when the global economy is starting to see "slow and zigzag" recovery from its free fall, Premier Wen Jiabao assured global business leaders Thursday.

Instead, he said the country will "enrich its stimulus package" to better link it to the creation of new engines of China''s growth.

"We cannot and will not change the direction of our policies at an inappropriate time," Wen said at the opening of the World Economic Forum in Dalian, Liaoning province.

"The foundations of China''s economic recovery are not stable, not solidified and unbalanced and the global economic outlook is uncertain," he said.

"The top priority of our work is to maintain stable and quick economic growth, so we will unswervingly stick to a relatively loose monetary policy and an active fiscal policy," said Wen.

Economists and analysts saw Wen''s rejection of an early "stimulus exit" as a firm international commitment to shore up the global economy and they said the subject is sure to be further debated at the upcoming G20 leaders summit in Pittsburgh, Pa., late this month.

Foreign Ministry spokesperson Jiang Yu said yesterday in Beijing that China hopes the forum will help tackle the world economic downturn and send a "stronger signal" for global recovery.

"It''s too early to discuss the stimulus exit timetable because the global economy is still filled with uncertainties," Bi Jiyao, a senior economist with the National Development and Reform Commission, told China Daily.

Bi said developed economies may consider withdrawing their fiscal stimulus measures around the middle of next year, if the world economy steadily picks up.

China's Premier Wen Jiabao (L) waves next to World Economic Forum (WEF) founder Klaus Schwab after his speech at the opening ceremony of the WEF meeting, in China's port city Dalian September 10, 2009. (chinadaily.com.cn/Agencies)

"For China, I think we will continue with strong fiscal spending but we should readjust where the taxpayers' money is going," said Bi.

Wen said China would insist on policy consistency to ensure high-speed economic growth.

"We should fully implement and continuously improve policies and discover and resolve new problems in a timely manner," said Wen. He warned about the risk of inflation even though the country was still experiencing deflation.

"We should be alert and prevent all potential risks, including inflation," he said.

China Daily learned yesterday from reliable sources that industrial growth last month was believed to be up by between 8.0 and 8.5 percent from 7.5 percent in July.

The financial crisis led to the figure plunging to 3.8 percent in February, compared to its average of 15 percent before the financial turmoil.

China began the year with many economists predicting that it would fail to hit its target of 8 percent growth for the year, which is crucial if China is to generate enough jobs for its millions of migrant workers.

Hitting 8 percent is now within reach after China's economy expanded 7.9 percent in the second quarter, according to the central bank.

Analysts have applauded the effectiveness of China's two-year, 4-trillion-yuan ($585 billion) stimulus package, but some have fretted that, in emphasizing investment, China has slowed the much-needed transition to a consumption-driven economy.

Full Coverage:
Davos at Dalian

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Asia

Europe

America

Commodity(** = 30 mins delayed)

Index	Last	Change	%	High	Low	Time
STI	2684.58	2.56	0.1%	2696.79	2679.75	14:58:30
Hangseng	21137.46	67.90	0.32%	21306.11	20980.15	14:58:32
Nikkei225	10444.33	-69.34	-0.66%	10522.23	10407.97	15:00:41
SSE	2988.10	63.22	2.16%	2999.33	2915.90	14:57:09
KLCI	1206.60	5.32	0.44%	1210.36	1201.28	14:57:15
SET	707.30	4.21	0.6%	710.90	704.44	12:30:03

richtan ( Date: 11-Sep-2009 12:36) Posted:

Asia

Europe

America

Commodity(** = 30 mins delayed)

Index	Last	Change	%	High	Low	Time
STI	2681.35	-0.67	-0.02%	2696.79	2679.75	12:34:00
Hangseng	21237.48	167.92	0.8%	21284.74	20980.15	12:30:02
Nikkei225	10422.66	-91.01	-0.87%	10522.23	10422.66	13:34:02
SSE	2960.00	35.12	1.2%	2964.90	2915.90	11:30:07
KLCI	1207.73	6.45	0.54%	1210.36	1201.28	12:20:15
SET	705.87	2.78	0.4%	710.90	705.87	11:34:48

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U must remember all these indicators are lagging indicators used primarily to support the leading indicators such as the candlesticks pattern, not the other way round.

richtan ( Date: 11-Sep-2009 14:42) Posted:

Besides interpreting the 2 ma lines for crossover, divergence, u can also interpret the MACD histogram for divergence n the crossover the zero line. U have to do some reading to understand better.

I wish u all the best.

Cheers

richtan ( Date: 11-Sep-2009 14:40) Posted:

Hi Kelly,

Read my STI chart post in "Prepare for risk of double-dip recession" thread for an example.

I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books. Read as many TA books and money management books, it will definitely stand u in good stead.

3. "Advices to newbies" particular the 3 golden mantras which I formulated, distilled n condensed based on all my past knowledge n read-ups).

Take your time to read and learn, dun rush, remember "Rome was not built in one day"

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Besides interpreting the 2 ma lines for crossover, divergence, u can also interpret the MACD histogram for divergence n the crossover the zero line. U have to do some reading to understand better.

I wish u all the best.

Cheers

richtan ( Date: 11-Sep-2009 14:40) Posted:

Hi Kelly,

Read my STI chart post in "Prepare for risk of double-dip recession" thread for an example.

I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books. Read as many TA books and money management books, it will definitely stand u in good stead.

3. "Advices to newbies" particular the 3 golden mantras which I formulated, distilled n condensed based on all my past knowledge n read-ups).

Take your time to read and learn, dun rush, remember "Rome was not built in one day"

kellychang ( Date: 11-Sep-2009 14:22) Posted:

well..i am using chartnexus...i know candle... but regard those indicator...esp the macd...i dunno how to interpret...

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Hi Kelly,

Read my STI chart post in "Prepare for risk of double-dip recession" thread for an example.

I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books. Read as many TA books and money management books, it will definitely stand u in good stead.

3. "Advices to newbies" particular the 3 golden mantras which I formulated, distilled n condensed based on all my past knowledge n read-ups).

Take your time to read and learn, dun rush, remember "Rome was not built in one day"

kellychang ( Date: 11-Sep-2009 14:22) Posted:

well..i am using chartnexus...i know candle... but regard those indicator...esp the macd...i dunno how to interpret...

richtan ( Date: 11-Sep-2009 14:14) Posted:

hHi loushare,

The data comes free with the free software but u must download the EOD data at the end of day.

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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.

x 1

x 0

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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hHi loushare,

The data comes free with the free software but u must download the EOD data at the end of day.

loushare ( Date: 11-Sep-2009 12:44) Posted:

hi richtan, do we have to subscribe for data or can we put in our data when using the free charting software from chartxus. If we can put in our data, how to do it. If we have to subscribe, what is the cost ?

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"Trade Summary" at this point in time shows more buying-up, but of course, nothing is
guaranteed, may change, so dyodd n BOSAYOR:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.7462	LAST DONE PRICE : 0.740
SPREAD/PRICE RATIO : 0.0068	AVG TRADE SIZE : 54.645

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.740

30

941

831

0

110

0.745

52

2,593

1,116

0

1,477

0.750

25

2,313

521

0

1,792

TOTAL

107

5,847

2,468

0

3,379

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Quote from "Big Trends" below:

Trade What You See, Not What You Hear

The numbers to watch on the SPX include 1044 for a breakout, 2060 on the Nasdaq and 9635 on the Dow.

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Quote from "Big Trends" below:

Trade What You See, Not What You Hear

The numbers to watch on the SPX include 1044 for a breakout, 2060 on the Nasdaq and 9635 on the Dow.

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Asia

Europe

America

Commodity(** = 30 mins delayed)

Index	Last	Change	%	High	Low	Time
STI	2681.35	-0.67	-0.02%	2696.79	2679.75	12:34:00
Hangseng	21237.48	167.92	0.8%	21284.74	20980.15	12:30:02
Nikkei225	10422.66	-91.01	-0.87%	10522.23	10422.66	13:34:02
SSE	2960.00	35.12	1.2%	2964.90	2915.90	11:30:07
KLCI	1207.73	6.45	0.54%	1210.36	1201.28	12:20:15
SET	705.87	2.78	0.4%	710.90	705.87	11:34:48

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Daryl Guppy: Secret escape from the panda bear

Written by Daryl Guppy

Saturday, 05 September 2009 15:00

ONE SWALLOW DOESN'T make a summer and many believe that a few days of rebound in the Shanghai market doesn’t drive away the bearish mood. There is no question that the fall below the long-term trendline is particularly significant. It changes the nature of the trend in the market and the nature of the trend behaviour. The long-term trendline will now act as a formidable resistance to future rises in the trend. The shallow slope of the long-term trendline suggests a slower rate of a future trend rise for the Shanghai market. This is a good outcome because it will develop a more stable and sustainable uptrend.

Fundamental analysts use arbitrary measures to distinguish between a retracement and a bear market. The measures of 10% for a technical correction and 20% for a bear market are convenient, but misleading ways to gauge market behaviour. They do not take into account the behaviour and development of trends. In an environment where the Dow Jones can rise or fall routinely by 3.5% or more a day, it makes little sense to define a technical correction based on a 10% figure.

The characteristics of a bear market are related to the behaviour of the trend and not to a particular figure. This difference is very important when we consider the Shanghai Composite Index. A bear market is preceded by strong and clear chart patterns which give early warnings of a major change in the trend. The most common is the head-and-shoulder pattern. The rounding-top pattern is also a relievable leading signal of trend change. Both these chart patterns developed over several months. The head-and- shoulder pattern in the Shanghai Composite Index started in June 2007 and was confirmed six months later in January 2008.

When we look at the Shanghai Composite Index behaviour in recent weeks or months, we cannot identify one of these bear-market patterns. There is no rounding-top pattern. There is no head-and-shoulder pattern. These patterns forecast a significant and prolonged change in the trend. Without these patterns, the significance of the recent index retreat and trend change is analysed differently.

Further analysis indicates the market is showing the opportunity to apply Strategy 8 from the Chinese 36 Strategies. This is a Secret Escape Through Chen Cang. Analysts are focused on the bear market development, or distracted by the idea of a bubble collapse. They ignore the developing Relative Strength Index (RSI) divergence pattern. The rally rebound in the last several days has confirmed this RSI divergence. This points the way to the secret escape from the bear market.

Divergence occurs when two trendlines move in opposite directions during the same time period. Analysis starts with the Shanghai Composite Index chart. The first trendline is drawn between the low of Aug 20 and the low of Sept 1. This trend line slopes downwards.

The next step is to consider the RSI indicator display. These index lows are compared to the low points on the RSI indicator for the same dates. These two RSI lows are joined with a trendline. This trendline moves upwards and confirms the RSI divergence pattern. This is a powerful and reliable trend reversal pattern. This pattern strongly suggests this market will develop a recovery uptrend.

The RSI divergence pattern has one problem — it is not very good for understanding the time frame for the market recovery. When the divergence pattern develops, it does not mean the market will instantly recover and change the trend direction. The RSI divergence pattern warns that the current trend has weakened and a new trend is developing. This may be preceded by a period of consolidation and then develop a new uptrend.

The consolidation area is easily identified on the Shanghai Composite Index chart. There is a strong resistance level near 3,000. This is the upper edge of the consolidation area. The lower edge is at 2,600. There is a high probability the market will move in a sideways trading band for several weeks before developing a breakout above 3,000. A market consolidation between 2,600 and 3,000 will provide short-term rally trading opportunities. This indicates investors are accumulating stocks and getting ready for the development of the next section of the longterm uptrend in the Shanghai market. This has been a savage sell-off but, the RSI divergence pattern shows the market can make a secret escape from the bear. The pattern of chart behaviour suggests this is not a bear market, despite the degree of retracement.

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bennykusman ( Date: 11-Sep-2009 12:05) Posted:

not enuf

risktaker ( Date: 11-Sep-2009 11:17) Posted:

enough or not

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Hi kelly,

No offence intended.

Never be emotional, read the below article on "Trade wat u see, not wat u hear" (for tat matter, wat u think):

Trade What You See, Not What You Hear

Never pre-judge the mkt, let the mkt tells u, look at the trend, the TA, intraday, a lot of noises tat can affect u emotionally, u must learn to trade mechanically.

Remember my 3 golden mantras (which I formulated, distilled n condensed based on all my past knowledge n read-ups), particularly "Plan your trade n trade your plan" n ignore all this intraday noises.

If u r newbie to trading, below is my advice (whether to listen or not is up to u).

To succeed in trading, my sincere n genuine advice to newbies:

"Learn to master TA n u are the master of your own trades." - Learn how to spot reversal signs in candlestick charts for entry n exit

"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"

"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade"

Depending on your inclinations and whether u seriously want to learn TA, I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books. Read as many TA books and money management books, it will definitely stand u in good stead.

3. "Advices to newbies" particular the 3 golden mantras.

Take your time to read and learn, dun rush, remember "Rome was not built in one day"

U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn,dun waste your money, instead self-learn the skills n use tat money to trade. I rather save the money to trade and multiply it).

I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills till I m quite confident b4 start trading bcos the mkt is merciless.

Those TA courses, wat they teach, all are from books, nothing new.

For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much they input all the scientific knowledge into the software

If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.

To know how to post, follow the steps on how to post charts in "General", "Trading Techniques", "Learning TA".

kellychang ( Date: 11-Sep-2009 11:42) Posted:

look like STI now dun have much strength....

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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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Read my post in "Prepare for risk of double-dip recession" thread:

Trade What You See, Not What You Hear (or for tat matter, speculation)

ozone2002 ( Date: 11-Sep-2009 11:25) Posted:

i suspect what the funds are doing:

since speculators have waited so darn long.. now their chance to sell since it broke out of its consolidation range..

they will try to sell.. hence the funds pick it up and push the price further after they have accumulated enough

leaving those speculators banging themselves for letting go too early..

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I dun know at this point in time, I m basically a TA trader.

maseratiq ( Date: 11-Sep-2009 11:12) Posted:

Something is happenning??

RichTan, any news? Thanks!