x 0

Hi ozone2002,

Dun trust those buy/sell q that u see, they can appear n disappear at any moment at their whimps n fancy, most times are fake, trust the "Trade Summary" which are done deal.

ozone2002 ( Date: 11-Sep-2009 11:18) Posted:

are the funds dumpin @ 86.5 ? or collecting @ 86.5?

seems like the sell Q never ending..

x 0

Hi yonjp,

Take a look at the line chart, it is the down-sloping resistance line break up point based on EOD data.

yongjp ( Date: 11-Sep-2009 11:16) Posted:

Hi RichTan, I'm curious as to how you derieved 0.84 from your chart. Is it based on historical prices?

richtan ( Date: 11-Sep-2009 11:13) Posted:

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 0

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.

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.

x 1

x 0

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

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8449	LAST DONE PRICE : 0.850
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 46.77

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.835

2

50

0

0.840

57

1,116

733

0

383

0.845

9

1,162

0

1,162

0.850

6

1,133

52

0

1,081

TOTAL

74

3,461

835

0

2,626

x 1

x 0

Video commentary on DOW, US$ n Gold:

Thursday, September 10, 2009
Gold Breakout??
by Larry Edelson

http://www.gliq.com/cgi-bin/click?weiss_uwd+16702-3+UWD167SPLIT2

x 1

x 0

Video commentary on DOW, US$ n Gold:

Thursday, September 10, 2009
Gold Breakout??
by Larry Edelson

http://www.gliq.com/cgi-bin/click?weiss_uwd+16702-3+UWD167SPLIT2

x 0

China’s Industrial Output Rises 12.3% as Recovery Strengthens

Share | Email | Print | A A A

By Bloomberg News

Sept. 11 (Bloomberg) -- China’s industrial production grew at a faster pace in August, signaling a strengthening recovery in the world’s third-biggest economy.

Output gained 12.3 percent from a year earlier, after climbing 10.8 percent in July, the statistics bureau said at a briefing in Beijing today. That compared with the 11.8 percent median estimate of 15 economists surveyed by Bloomberg News.

A 4 trillion yuan ($585 billion) stimulus package, record lending and a rebound in property investment and sales have countered an export slump, helping China lead Asia’s recovery from the global recession. Premier Wen Jiabao said yesterday that the government “cannot and will not” pull back from stimulus measures.

“The recovery is becoming more entrenched,” said Peng Wensheng, an economist with Barclays Capital in Hong Kong.

The Shanghai Composite Index has tumbled about 15 percent from this year’s Aug. 4 high because of a slowdown in credit growth after a record $1.1 trillion of new loans in the first half.

“The biggest challenge now is how to guide monetary and credit policy to a prudent level without impacting the property and stock markets and the economic recovery,” said Isaac Meng, a senior economist at BNP Paribas SA in Beijing.

Urban fixed-asset investment for the eight months to Aug. 31 climbed 33 percent, the statistics bureau said. That was more than a 32.9 percent gain through July and the 32.7 percent median estimate in the survey of economists.

Retail-Sales Growth Accelerates

Retail sales rose 15.4 percent in August from a year earlier after a 15.2 percent increase in the previous month.

Surging auto sales are aiding the nation’s recovery. Hyundai Motor Co., South Korea’s largest carmaker, said yesterday that it will raise annual production capacity at its Chinese venture next year to 600,000 vehicles from 500,000. General Motors Co., the biggest overseas automaker in China, says the nation’s vehicle sales may reach 12 million this year, surpassing the U.S. as the world’s No. 1 market.

“Asia is recovering faster from the economic downturn than other regions, in part thanks to China’s gravitational pull,” European Union Trade Commissioner Catherine Ashton said in Beijing on Sept. 9.

China’s gross domestic product may increase 8.3 percent in 2009 and 9.5 percent in 2010, according to a Bloomberg survey of economists conducted the week ended Aug. 28.

Consumer prices fell -1.2 percent last month from a year earlier, declining for a seventh month and giving the central bank more room to keep interest rates at a four-year low to stoke growth. Producer prices dropped 7.9 percent compared with a record 8.2 percent fall last month.

Inflation Alert

Wen said yesterday that the government was on alert for inflation returning.

China will increase interest rates “around next spring” when inflation will climb to as high as 5 percent, economist Meng said. Inflation will rise to 1 percent toward the end of this year and for the whole of next year will average 3.9 percent, he added.

A rebound in the property market has added to signs that the recovery is maintaining momentum.

Investment in real-estate development grew 14.7 percent in the first eight months after an 11.6 percent gain in the first seven months, the statistics bureau said yesterday. House prices in 70 cities rose 2 percent in August, the fastest gain in 11 months.

Drags on growth include overcapacity in manufacturing, falling exports and elevated unemployment.

The government said Sept. 9 that unemployment is a “grave” concern even after improvements in the past three months, underscoring the need to promote economic growth to create jobs and preserve social stability as the Communist Party prepares to celebrate 60 years of rule on Oct. 1.

The urban jobless rate of 4.3 percent understates unemployment because it doesn’t include migrant workers.

To contact the Bloomberg News staff on this story: Kevin Hamlin in Beijing at khamlin@bloomberg.net; Last Updated: September 10, 2009 22:01 EDT

x 0

I agree with u, also the more than one mth consolidation could have more than mitigate n nullify the correction n it may instead break upwards of the horizontal bullish flag continuation pattern

Sporeguy ( Date: 11-Sep-2009 10:23) Posted:

Richtan, the only consolation is that the blue curve seems to be cutting the red curve from the bottom in the MACD chart.

x 0

This should (imo) be good news for Ausgroup, as it is in the mining industry:

Noble Group Jumps on Expectations for Iron Ore Demand (Update1)

2009-09-10 06:43:10.745 GMT

By Kyunghee Park


Sept. 10 (Bloomberg) -- Noble Group Ltd., the Hong Kong-based
supplier of raw materials, climbed to the highest price in more
than a year in Singapore on expectation it will benefit from
growing demand for iron ore, coal and other commodities.


Noble Group jumped as much as 9.4 percent to S$2.45, the
highest since June 26 last year, and traded at S$2.41 as of 2:12
p.m. in Singapore. The stock is the best performer on the Straits
Times Index today.


“China has been buying a lot of commodities in the last six
months and Noble is a good play into the bullish commodities
market,” said Andreas Bokkenheuser, a Singapore-based analyst at
UBS AG with a “buy” rating for the stock. “Noble has a high
degree of business in iron ore, coal and aluminum.”


China’s imports of iron ore jumped 29 percent in the first
half as the government’s 4 trillion yuan ($586 billion) spending
program to build railways and roads encouraged steel mills to
expand production.


The Reuters/Jefferies CRB Index of 19 raw materials yesterday
rose 0.3 percent to 253.22, the highest level since Aug. 31.


Noble Group will more than triple its fleet of ships as it
ordered five bulk carriers worth about $320 million from two
shipyards in China, according to a Aug. 20 company statement. The
vessels will be delivered between January 2010 and December 2012,
it said.

For Related News and Information:
Earnings: NOBL SP <Equity> TCNI ERN <GO>
Top commodities stories: CTOP <GO>

--Editors: Indranil Ghosh, Tan Hwee Ann

To contact the reporter on this story:
Kyunghee Park in Hong Kong at +852-2977-6611 or
kpark3@bloomberg.net

To contact the editor responsible for this story:
Teo Chian Wei at +65-6212-1541 or cwteo@bloomberg.net

x 2

x 0

Hi erictkw,

Many thanks for posting this write-up, dun mind I repost with red highlight which are to me, I think are the key points (u may choose to agree or disagree with me):

Is this rally for real?

Stocks have been on a record run. We asked the experts where they go from here.

By Scott Cendrowski, reporter

Last Updated: September 10, 2009: 2:10 PM ET

NEW YORK (Fortune) -- If you had the courage to buy stocks when the market hit bottom in March, congratulations! The S&P 500 and Dow Jones industrial indexes are near highs for the year after soaring around 50% since then.

But if you've been waiting on the sidelines as improving unemployment, housing, and GDP numbers surprise Wall Street pros, you may now be wondering, Should I still buy in, or is the rally over?

To try to answer that question, we talked to some of the smartest market watchers we know. Despite some big worries about 2010, most expect the combination of market momentum and government stimulus spending to carry stocks higher for the rest of this year.

Let's start with the most enthusiastic, Laszlo Birinyi, founder of Birinyi Associates, who notes that the current rally is the strongest ever. Since hitting its closing low of 676 on March 9, the S&P 500 (SPX) has risen 0.31% a day on average, he says. That is three times faster than the previous fastest recovery in 1982, which averaged a 0.12% per day rise. "This is the Usain Bolt of markets," Birinyi says. "We just blew through the records."

Birinyi, who warned his clients in October 2007 of impending doom in bank stocks, expects more gains this year, in part because "no one is calling this a bull market." Negative sentiment, of course, is a classic contrarian indicator that stocks will keep climbing. Birinyi advises buying S&P 500 SPDRs (SPY) to take advantage of the broad market rally.

Longtime bear Steve Leuthold, chairman of influential research firm The Leuthold Group, also takes comfort in the widespread fear of stocks. He sees the S&P index reaching 1200 to 1250 by year-end, a 20% jump from its current level of about 1000.

Leuthold, who was bearish most of this decade, says stocks are fairly priced now but will keep rising because they usually overshoot normal valuations in a recovery. "There's money to be made over the next six months," says Andy Engel, a portfolio manager at Leuthold Group.

Jeremy Grantham, the chairman of money management firm GMO, who encouraged his clients to buy stocks on March 10 with a note titled "Reinvesting When Terrified,'' says the S&P 500's fair value is 880 based on earnings estimates and historical P/E ratios.

Even so, Grantham thinks the index "can go quite a lot further in the next two or three months." He says the recent rally has not been based on fundamentals. Instead, the government's stimulus plan and bailouts of banks and carmakers artificially inflated sectors of the economy.

Grantham likes to compare today's market rise with the 1930 rally that followed the crash of 1929. That 47% surge came without bank bailouts and stimulus spending. "If you turn on the moral-hazard juice and stimulus, which we did this time, [the market] is entitled to do a whole lot more than 47%," he says.

Grantham thinks the S&P could rise to 1130 by year-end. But his longer-term view is cautious. He warns that the market may again fall below its March low before resuming tepid growth. Grantham advises buying U.S. blue chips for what he predicts to be "seven lean years'' for stocks.

Back in January, Bob Doll, global chief investment officer of equities at BlackRock, saw the potent combination of low interest rates and an expected wave of government stimulus spending. Doll, who oversees $400 billion in equities, forecast that the S&P 500 would end the year between 1000 and 1050. Now that the index has entered that range, he says that stocks could dip 10% at some point before year-end, since skittish investors are ready to sell on any disappointing economic data.

That would be a buying opportunity. In the short-term, says Doll, slow economic growth will help stocks by keeping inflation in check. In the first three quarters of a recovery, he says, GDP typically grows at a 6.7% rate.

For the current recovery BlackRock expects the rate to be half that. Doll recommends buying high-quality stocks -- those with strong franchises and solid balance sheets -- in health care, energy, and technology.

A more somber view comes from Robert Shiller, the Yale economics professor famous for calling the stock market and housing bubbles. He already considers stocks overpriced based on his P/E calculation, which averages earnings over 10 years.

And factoring in problems like still-troubled bank balance sheets and government stimulus propping up bad businesses, he says, "the stock market is not looking so enticing right now. It's already a little pricey, so the expected return is probably not the historical average."

Back to our question: Should you buy stocks today? For starters, don't expect the market to maintain the dizzying pace of the past few months. But don't hoard all your money and wait for a big pullback.

As always, the most sensible approach is to put money in at regular intervals, a strategy that lets you both participate in the rallies and buy on the dips.

First Published: September 10, 2009: 1:04 PM ET

erictkw ( Date: 11-Sep-2009 09:46) Posted:

Is this rally for real?

Stocks have been on a record run. We asked the experts where they go from here.

By Scott Cendrowski, reporter

Last Updated: September 10, 2009: 2:10 PM ET

NEW YORK (Fortune) -- If you had the courage to buy stocks when the market hit bottom in March, congratulations! The S&P 500 and Dow Jones industrial indexes are near highs for the year after soaring around 50% since then.

But if you've been waiting on the sidelines as improving unemployment, housing, and GDP numbers surprise Wall Street pros, you may now be wondering, Should I still buy in, or is the rally over?

To try to answer that question, we talked to some of the smartest market watchers we know. Despite some big worries about 2010, most expect the combination of market momentum and government stimulus spending to carry stocks higher for the rest of this year.

Let's start with the most enthusiastic, Laszlo Birinyi, founder of Birinyi Associates, who notes that the current rally is the strongest ever. Since hitting its closing low of 676 on March 9, the S&P 500 (SPX) has risen 0.31% a day on average, he says. That is three times faster than the previous fastest recovery in 1982, which averaged a 0.12% per day rise. "This is the Usain Bolt of markets," Birinyi says. "We just blew through the records."

Birinyi, who warned his clients in October 2007 of impending doom in bank stocks, expects more gains this year, in part because "no one is calling this a bull market." Negative sentiment, of course, is a classic contrarian indicator that stocks will keep climbing. Birinyi advises buying S&P 500 SPDRs (SPY) to take advantage of the broad market rally.

Longtime bear Steve Leuthold, chairman of influential research firm The Leuthold Group, also takes comfort in the widespread fear of stocks. He sees the S&P index reaching 1200 to 1250 by year-end, a 20% jump from its current level of about 1000.

Leuthold, who was bearish most of this decade, says stocks are fairly priced now but will keep rising because they usually overshoot normal valuations in a recovery. "There's money to be made over the next six months," says Andy Engel, a portfolio manager at Leuthold Group.

Jeremy Grantham, the chairman of money management firm GMO, who encouraged his clients to buy stocks on March 10 with a note titled "Reinvesting When Terrified,'' says the S&P 500's fair value is 880 based on earnings estimates and historical P/E ratios.

Even so, Grantham thinks the index "can go quite a lot further in the next two or three months." He says the recent rally has not been based on fundamentals. Instead, the government's stimulus plan and bailouts of banks and carmakers artificially inflated sectors of the economy.

Grantham likes to compare today's market rise with the 1930 rally that followed the crash of 1929. That 47% surge came without bank bailouts and stimulus spending. "If you turn on the moral-hazard juice and stimulus, which we did this time, [the market] is entitled to do a whole lot more than 47%," he says.

Grantham thinks the S&P could rise to 1130 by year-end. But his longer-term view is cautious. He warns that the market may again fall below its March low before resuming tepid growth. Grantham advises buying U.S. blue chips for what he predicts to be "seven lean years'' for stocks.

Back in January, Bob Doll, global chief investment officer of equities at BlackRock, saw the potent combination of low interest rates and an expected wave of government stimulus spending. Doll, who oversees $400 billion in equities, forecast that the S&P 500 would end the year between 1000 and 1050. Now that the index has entered that range, he says that stocks could dip 10% at some point before year-end, since skittish investors are ready to sell on any disappointing economic data.

That would be a buying opportunity. In the short-term, says Doll, slow economic growth will help stocks by keeping inflation in check. In the first three quarters of a recovery, he says, GDP typically grows at a 6.7% rate.

For the current recovery BlackRock expects the rate to be half that. Doll recommends buying high-quality stocks -- those with strong franchises and solid balance sheets -- in health care, energy, and technology.

A more somber view comes from Robert Shiller, the Yale economics professor famous for calling the stock market and housing bubbles. He already considers stocks overpriced based on his P/E calculation, which averages earnings over 10 years.

And factoring in problems like still-troubled bank balance sheets and government stimulus propping up bad businesses, he says, "the stock market is not looking so enticing right now. It's already a little pricey, so the expected return is probably not the historical average."

Back to our question: Should you buy stocks today? For starters, don't expect the market to maintain the dizzying pace of the past few months. But don't hoard all your money and wait for a big pullback.

As always, the most sensible approach is to put money in at regular intervals, a strategy that lets you both participate in the rallies and buy on the dips.

First Published: September 10, 2009: 1:04 PM ET

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.

x 0

Singapore's Casinos Will 'Flop' - Hang Lung Properties ' Chan Says

Hang Lung Properties' Chan Says Singapore's Casinos Will 'Flop'

2009-09-10 05:20:36.882 GMT

By Chia-Peck Wong and Bernard Lo

Sept. 10 (Bloomberg) --

Ronnie Chan, chairman of Hang Lung Properties Ltd., Hong Kong's fifth-biggest developer by market value, said the two casino-resorts in Singapore will fail because they won't be able to attract high-rollers.

Las Vegas Sands Corp., the casino company controlled by billionaire
Sheldon Adelson, and Genting Singapore Plc, a unit of Asia's biggest
listed gambling operator, are building Singapore's first two casinos.

Chan commented after attending the Bloomberg Leadership Forum in Hong
Kong.

"The big rollers are what make money in casinos, they will never come
to Singapore, it's a family entertainment" location.

"You think big-rollers will go to Singapore where they have teeth and
fangs coming out sideways? There are too many rules. I was in Sentosa
island, I really think that it's going to be a flop.

"The whole integrated entertainment industry, I'm worried for them.
The good thing about Singapore is that if you flop, you're given a
second chance."

For Related News and Information:
For more news on real estate: NI REL BN <GO>; For more news from Hong
Kong: NI HK BN <GO>

--Editor: Josh Fellman

x 0

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

Trade What You See, Not What You Hear

tanzq83 ( Date: 11-Sep-2009 09:40) Posted:

Agree that today may be profit-taking due to 9-11 incident, we wont know what other terriorism acts may happen today ~ the 8-years ceremony for them. :)

However, I see STI to be supported 2592pts region in the next 1-2weeks, just be cautious if it breaches above this level.

My ignorant 2-cents worth.

TuaPekGong9413 ( Date: 11-Sep-2009 09:33) Posted:

be careful...today may be a profit taking day since weekend coming too.....i believe most will take profit...

x 0

Quote from "Big Trends" below:

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

richtan ( Date: 11-Sep-2009 09:27) Posted:

S&P500 now touched 1044, a break above it would be bullish as per "Big Trends" chart mentioned below

x 0

S&P500 now touched 1044, a break above it would be bullish as per "Big Trends" chart mentioned below

x 0

U.S. Markets Wrap: Stocks Rise for Fifth Day, Bonds Rally

Share | Email | Print | A A A

By Jeff Kearns

Sept. 10 (Bloomberg) -- U.S. stocks gained for a fifth day, the longest streak for the Standard & Poor’s 500 Index since November, as rising forecasts for oil demand boosted energy shares and jobless claims slid to the lowest level since July.

Treasuries rallied, sending the 10-year note’s yield down 12 basis points to 3.35 percent, following stronger-than- forecast demand at a $12 billion auction of 30-year bonds. Crude oil gained and the dollar declined to the weakest level against the euro this year.

The S&P 500 advanced to its highest level since Oct. 6 after weekly jobless claims decreased by 26,000 to 550,000, lower than economists forecast. The VIX, the benchmark index for U.S. stock options, fell to its lowest closing level since July as investors paid less to use the contracts for protection against declines in stocks.

“The jobs number was another confirmation that the economy may have reached the bottom,” said Wasif Latif, who helps oversee $90 billion at USAA Investment Management Co. in San Antonio.

The S&P 500 added 1 percent to 1,044.14 at 4:06 p.m. in New York. The Dow Jones Industrial Average increased 80.26 points, or 0.8 percent, to 9,627.48, also the highest since Oct. 6. Europe’s benchmark stock index rose 0.2 percent while Asia’s jumped 1.4 percent.

Benchmark equity indexes extended gains after Treasury Secretary Timothy Geithner told Congress that the government is preparing to withdraw some of its support for financial markets as it moves from “crisis response to recovery, from rescuing the economy to repairing and rebuilding the foundation for future growth.”

54 Percent Rebound

The S&P 500 has rebounded 54 percent from a 12-year low on March 9 amid signs the recession is easing and better-than- estimated earnings at companies from Johnson & Johnson to Goldman Sachs. The rally pushed the index’s valuation to about 19 times reported earnings of its companies, the highest level since June 2004, according to weekly data compiled by Bloomberg. That’s up from a 24-year low of 10.11 times earnings in March.

Treasuries gained as stronger-than-forecast demand at this week’s three auctions of $70 billion of notes and bonds suggests that concern about record amounts of government debt sales is overblown.

Treasury Auctions

The $12 billion of 30-year bonds sold today drew a yield of 4.238 percent, below the 4.289 percent forecast in a Bloomberg News survey of seven of the 18 primary dealers required to bid on the auctions. The bid-to-cover ratio, which gauges demand by comparing total bids with the amount of securities offered, was 2.92, the strongest since November 2007.

Crude oil futures rose 0.9 percent to $71.95 a barrel in New York trading. World oil demand is likely to average 85.7 million barrels a day next year, according to a monthly report from the Paris-based agency. That’s 450,000 barrels a day more than estimated in August. Prices also advanced after U.S. oil inventories dropped more than expected and OPEC maintained output quotas.

The dollar depreciated 0.2 percent to $1.4585 per euro, from $1.4557 yesterday. It touched $1.4613, the weakest level since Dec. 18. The dollar dropped 0.4 percent to 91.72 yen, from 92.04, after reaching 91.44, the lowest level since Feb. 16. The euro fetched 133.77 yen, compared with 133.99.

Gold futures for December delivery slipped 30 cents to $996.80 an ounce on the New York Mercantile Exchange’s Comex division. The most-active contract has surpassed $1,000 in each of the past three days.

Sugar, Hogs

Sugar futures jumped 4 percent in New York on speculation that countries including India, the world’s largest consumer, are increasing imports to replenish inventories. Coffee fell. Hog futures rose to a five-week high in Chicago on signs bacon demand is climbing as the U.S. economy rebounds. Cattle fell.

The VIX, as the Chicago Board Options Exchange Volatility Index is known, lost 3.2 percent to 23.55 and dipped as low as 22.86, the lowest intraday level in a year. The index, which measures the cost of using options as insurance against declines in the S&P 500, has averaged 20.24 over its 19-year history and reached a record 80.86 in November.

“The break towards 23 definitely reflects that there’s less demand for protection,” said Philippe Trouve, the VIX options trader and vice president for equity derivatives at Bank of America in New York. “People are starting to feel better about this rally.”

The S&P 500 has gained about 2.3 percent so far in September, historically the worst month for U.S. equities. The index retreated 1.3 percent on average since 1928 in that month before this year, data compiled by Bloomberg show.

The S&P 500 plunged 9.1 percent last September after Lehman Brothers Holdings Inc. collapsed. The biggest drop occurred in September 1931 during the Great Depression, when the S&P 500 tumbled 30 percent.

To contact the reporter on this story: Jeff Kearns in New York at jkearns3@bloomberg.net. Last Updated: September 10, 2009 17:14 EDT

x 0

Another Bullish Indicator for Stocks

Written by Scott Downing

x 0

Hi salute,

All those prices lines are either support or resistance drawn based on individual analysis skill n those cups are drawn using chartnexus software drawing tools.

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".

Salute ( Date: 10-Sep-2009 23:27) Posted:

Hi Richtan,

Plenty Thanks for your sophiscated TA analysis. I am learning some TA tools but I don't know how you derived the prices of 0.91, .1.14, 1,48 and 1.91. is it from kind of calculation and how you draw the curve of the cup and handle. is it from some kind of "ready" TA tools or it's due to your experience.

Where can one learn these? If it's possible to share. Thank you.

richtan ( Date: 09-Sep-2009 15:17) Posted:

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 0

Hi starlene,

Congrats n really good luck to u but dun expect to pull-off such luck every time, at times letting go the tortoise (which will eventually win the race) to catch the hare may get u injured and miss both the hare as well as the tortoise.

starlene ( Date: 10-Sep-2009 23:47) Posted:

Slow and steady win the race..opportunity cost in waiting..by switching to a faster moving > than recovered liao,I sold off 84.5 to 90cts when it failed to break 90cts,and switch to sinotel,am richly rewarded,so wad if it can go,liklely $1.10 only

richtan ( Date: 10-Sep-2009 18:45) Posted:

Copied from "Loss making companies flying" post by jeremyow, as the analogy seems applicable to Midas:

jeremyow ( Date: 10-Sep-2009 14:17) Posted:

Have you heard of the story of the hare and the tortoise? The hare runs fast getting many's attention and people support the hare and cheer for it betting that it will emerge the winner because it looks like being confident of doing so. It will be in the limelight for a while with a cheery concensus for it to turn a winner. Little does one knows the tortoise is a slow but steady runner. It is focused and does not lose track of the final finishing point. The tortoise does not matter whether people are supporting it. It just remain focused on completing its task of reaching the finishing point. It has good endurance and focus and is intelligent enough to know also that it is focus and tenacity to keep improving that will determine the winner, not short-term glorious sprint. As such, it just keeps on running never losing its steam or focus. Eventually, the hare tires out after running the first lap at fast pace, and is full of confidence in itself that the tortoise is still far behind and so decides to take a rest. Just when it was taking its confident rest, then catches up the tortoise and eventually the tortoise wins the race.

So, what is the morale of the story? Slow and steady does win the race. Consistency in business profitability is better than short-term glorious sprint. A company that steadily and consistently grows its business (not necessarily at high supernormal pace and in the limelight) will eventually emerge the winner. Such a business will keep growing with consistent earnings growth and eventually investors just have to realise its value by bidding up its share price. Will one sell $1 per share for SPH's shares currently? Will one sell $1 per share for Keppel Corp's shares currently? Will one sell $1 per share for Wilmar International's shares currently? If someone is willing to price a consistent business's shares at such low value, I will gladly buy from him. Stability and consistency in earnings growth is long term winner that cannot be ignored (though sometimes prices get mispriced due to trading sentiments).

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