ShareJunction - Member Posts

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Aredi broke above the double top formation n above 2700, will probably head towards the fibo retracement level of 61.8% at around 2965, but of course not in one straight line, with corrections in between.

Dyodd n BOSAYOR

ozone2002 ( Date: 10-Sep-2009 11:58) Posted:

STI now reaching double top formation..

downhill from here or do we move further upwards?

odds are greater for the downside as upside is limited..

DYODD..

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Intraday had aredi broke above 2700, will probably head towards the fibo retracement level of 61.8% at around 2965, but of course not in one straight line, with corrections in between.

Dyodd n BOSAYOR

richtan ( Date: 10-Sep-2009 12:23) Posted:

STI is very close to breaking above the 2700 mark.

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STI is very close to breaking above the 2700 mark.

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Asia

Europe

America

Commodity(** = 30 mins delayed)

Index	Last	Change	%	High	Low	Time
STI	2691.58	41.10	1.55%	2691.58	2676.54	12:08:15
Hangseng	21183.58	332.54	1.59%	21228.16	21124.57	12:08:17
Nikkei225	10461.46	149.32	1.45%	10490.59	10382.99	13:08:01
SSE	2918.56	-27.70	-0.94%	2950.79	2911.21	11:30:11
KLCI	1209.26	12.80	1.07%	1210.11	1196.46	12:08:30
SET	705.60	10.01	1.44%	706.68	702.29	11:08:21

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AK,

Many thanks for your concurrence with my views.

AK_Francis ( Date: 10-Sep-2009 10:20) Posted:

Comrade R, AK agreed. Newbies, need more to learn liao, esp in d buoyant stock markets, with cuts n wounds here n there, at ds moment.

AK will not laugh at d momentary failures, but give them d encouragement to stand up again, as AK was a failure before. God bless. N cheers, may be till end of d yr.

richtan ( Date: 10-Sep-2009 10:11) Posted:

With an investment frame of mind, u can end up riding the roller-coaster with the price moving like a roller-coaster (just pull out any chart n see the long term chart n u will get to know wat I mean) n miss many entry n exit opportunities n many forgone profit-taking opportunities

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Div is $6.40/lot, ex on 21/10, payable on 6/11.

Remember, a trader trades for capital gains, not solely for the div, if have, is just an added bonus.

guppy724 ( Date: 09-Sep-2009 12:02) Posted:

looks like there's some selling pressure.....hope it doesn't slide further & break the down resistance.

Anyway, when is the XD & how much per lot?

richtan ( Date: 09-Sep-2009 10:51) 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.

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"Time n Sales" shows heavy buying-up at 0.75 (1674 lots) n 0.755 (1391 lots):

5GJ (AusGroup)

DAY HIGH : 0.760	NET CHANGE : 0.015	TOTAL VALUE : 10,569,975
DAY LOW : 0.740	LAST DONE : 0.750	VOLUME : 14,097

< />

Time	Last	Vol	Buy/Sell
10:32:21	0.760	30	S
10:32:06	0.760	10	S
10:31:59	0.755	15	B
10:31:45	0.755	1	B
10:31:37	0.755	50	B
10:31:15	0.755	32	B
10:31:14	0.755	38	B
10:31:12	0.755	30	S
10:31:11	0.755	200	S
10:31:03	0.755	300	B
10:30:54	0.760	5	S
10:30:38	0.760	10	S
10:30:22	0.755	100	B
10:30:11	0.755	1,391	S
10:30:03	0.750	35	B
10:30:02	0.750	1,674	S
10:30:01	0.750	300	S
10:29:39	0.750	100	S
10:25:24	0.745	20	B
10:25:16	0.745	72	S

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It is like a spoilt brat, spendthrift kid asking for money from their parents.

AnthonyTan ( Date: 10-Sep-2009 10:45) Posted:

I never never like cash call from co.

No hassel, just get the $$$$$$$$ from shareholders.

Alot of paperworks needed if get $$$$$$$$ from bank loans.

Sometime bank loans are rejected if your are bleeding all these years.

Just my views.

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Look at the daily chart, showing Midas is stealthily creeping upwards the last 7 days n now above all the emas (15ema to 200ema) n all the emas trending up.

thomas_low ( Date: 09-Sep-2009 21:32) Posted:

Chart looks like going sideways, keep collecting, wait patiently and it will break up. Matter of time, dont be distracted by what is currently hot, stay focus on good value stocks, and minimise buy and sell for small gain and pay heavy commission, so this is one worth waiting for, also Abterra, Yanlord from the Sino sector.

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Repost as earlier post cant see the charts:

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.

aleoleo ( Date: 28-Aug-2009 11:22) Posted:

SHANGHAI, Aug 28 (Reuters) - China's benchmark stock index sank more than 3 percent on Friday, led by bank stocks, after local media reports that Chinese banks' August lending may drop sharply from earlier in the year, trimming liquidity flowing into the market.

The market was also hurt by a series of announcements of new share supplies, including a $1.6 billion additional offer by property developer China Vanke <000002.SS> announced on Thursday.

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Daryl Guppy: Secret escape from the panda bear

Blog Heads

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 sustainableuptrend.

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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Daryl Guppy: Secret escape from the panda bear
Saturday, 05 September 2009

Last Updated on Monday, 07 September 2009 10:48

aleoleo ( Date: 28-Aug-2009 11:22) Posted:

SHANGHAI, Aug 28 (Reuters) - China's benchmark stock index sank more than 3 percent on Friday, led by bank stocks, after local media reports that Chinese banks' August lending may drop sharply from earlier in the year, trimming liquidity flowing into the market.

The market was also hurt by a series of announcements of new share supplies, including a $1.6 billion additional offer by property developer China Vanke <000002.SS> announced on Thursday.

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Resistance aredi broke

n2dave ( Date: 07-Sep-2009 11:15) Posted:

STI break prior high!Support 2624, Resistance 2633

x 1

With an investment frame of mind, u can end up riding the roller-coaster with the price moving like a roller-coaster (just pull out any chart n see the long term chart n u will get to know wat I mean) n miss many entry n exit opportunities n many forgone profit-taking opportunities.

richtan ( Date: 10-Sep-2009 10:06) Posted:

I beg to differ, to be successful in trading, u have to have a trader's frame of mind.

I m speaking from my years of trading experience, once been an investment frame of mind, making wrong entry without looking at the charts and end up, really a long term investment (bcos of losses) n bcos I was reluctant to cut-loss, but tat is history now, pheww!!

As a trader frame of mind, we time our enrtry n exit based on or interpretation of the chart, but of course TA is not infallible, thus need to set stop-loss n let profits ride with trailing stops to cover all those losses n yet make net profits. (Read my 3 golden mantras in the 3 threads I specially created with newbies in mind)

stupidfool ( Date: 10-Sep-2009 09:52) Posted:

Alas,ppl still cannot understand the difference between TRADING and INVESTING.

I agree that if u want to TRADE,then u need tools to help u like charting ,etc...And u have to master this and that b4 u begin TRADING.

Statistics alr shown that 90% of TRADERS lost money and thus there are alot of books in the mkt to "help" u win the market.

What they never tell u the secret is that share mkt should be treated a san INVESTMENT.

To be rich there is no secret...........need to have an investment frame of mind.

x 1

x 2

I beg to differ, to be successful in trading, u have to have a trader's frame of mind.

I m speaking from my years of trading experience, once been an investment frame of mind, making wrong entry without looking at the charts and end up, really a long term investment (bcos of losses) n bcos I was reluctant to cut-loss, but tat is history now, pheww!!

As a trader frame of mind, we time our enrtry n exit based on or interpretation of the chart, but of course TA is not infallible, thus need to set stop-loss n let profits ride with trailing stops to cover all those losses n yet make net profits. (Read my 3 golden mantras in the 3 threads I specially created with newbies in mind)

stupidfool ( Date: 10-Sep-2009 09:52) Posted:

Alas,ppl still cannot understand the difference between TRADING and INVESTING.

I agree that if u want to TRADE,then u need tools to help u like charting ,etc...And u have to master this and that b4 u begin TRADING.

Statistics alr shown that 90% of TRADERS lost money and thus there are alot of books in the mkt to "help" u win the market.

What they never tell u the secret is that share mkt should be treated a san INVESTMENT.

To be rich there is no secret...........need to have an investment frame of mind.

x 0

U.S. Stocks Advance as Goldman Advises Buying Industrial Shares

Share | Email | Print | A A A

By Jeff Kearns

Sept. 9 (Bloomberg) -- U.S. stocks gained for a fourth straight day after Goldman Sachs Group Inc. advised buying shares of multi-industry companies and investor Michael Price said he’s finding value in American equities.

General Electric climbed above its highest close since January and Illinois Tool Works Inc. jumped the most since June as Goldman Sachs said multi-industry companies tend to outperform the market when manufacturing returns to growth. EBay Inc. rallied 4 percent as Sanford C. Bernstein & Co. said the core online auction business is “turning around.”

The Standard & Poor’s 500 Index added 0.5 percent to 1,030.02 as of 11:10 a.m. in New York. The Dow Jones Industrial Average rose 32.2 points, or 0.3 percent, to 9,529.54. Europe’s benchmark index added 0.7 percent, climbing for a fifth straight day, while Asia’s slumped 0.3 percent.

The S&P 500 has rebounded 52 percent from a 12-year low on March 9 as reports from consumer confidence to home sales signaled the recession is easing and companies from Johnson & Johnson to Goldman Sachs posted earnings that beat analysts’ estimates. Price said the U.S. stock market resembles 1975-1982, when the S&P 500 doubled, and he’s finding value in small banks.

“We made very good returns from ‘75 to ‘82,” Price, who managed some of the best-performing mutual funds during the 1980s and 1990s and now runs New York-based MFP Investors LLC, said in an interview broadcast on Bloomberg Radio and Television. “Pick your spots, pick your stocks, do your work, and somebody’s going to be selling something too cheaply.”

Industrials Rally

General Electric added 1.7 percent to $14.74. Illinois Tool Works, the maker of Hobart food mixers and Duo-Fast nail guns, rallied 4.5 percent to $43.73 after Goldman Sachs added the company to its “conviction buy” list.

Goldman upgraded multi-industry companies to “attractive” from “neutral,” saying the stocks tend to outperform the S&P 500 when the Institute for Supply Management’s gauge of manufacturing climbs “sustainably above 50.” The index for August rose more than forecast to 52.9 on Sept. 1, with readings above 50 signaling growth. Goldman said in a note to clients that industrial momentum will continue to build, with low risk of a “mid-cycle pause.”

Industrial shares in the S&P 500 added 1.2 percent today, the steepest advance among 10 groups. The gauge of 56 companies is up 8.7 percent in 2009.

EBay, owner of the most visited U.S. e-commerce Web site, advanced 4 percent to $22.70 after Bernstein raised its rating to “outperform” from “market perform” and lifted its share- price estimate 17 percent to $28.

MasterCard, Capital One

MasterCard Inc., the second-biggest credit-card network after Visa Inc., rose 0.3 percent to $207.98. Capital One Financial Corp., the McLean, Virginia-based credit-card company, climbed 4.7 percent to $37.09. “The credit cycle has begun to recover for U.S. credit cards,” Citigroup’s Donald Fandetti wrote in a report.

Morgan Stanley climbed 1.7 percent to $28.27. The sixth- biggest U.S. bank by assets was raised to “overweight” from “neutral” by analysts at JPMorgan Chase & Co., who said they are “switching preference from investment banks to credit banks on regulatory changes.”

The six-month rally has pushed valuations for the S&P 500, the benchmark for U.S. equities, to about 18.9 times the reported earnings of its companies, near the highest level since June 2004, according to weekly data compiled by Bloomberg.

‘Be Prepared’

“Investors should be prepared for some additional near- term corrective action,” Robert Doll, the global chief investment officer at BlackRock Inc., wrote in an e-mail to journalists yesterday. “Stocks are no longer as cheap as they were several months ago. Conditions may be overbought and there is still a great deal of uncertainty over the outlook.”

Lazard Ltd. dropped 3.8 percent to $37.50 after the investment bank led by Bruce Wasserstein said some shareholders agreed to sell 5.22 million shares in an underwritten public offering. Lazard said it won’t receive any proceeds from the sale.

Vivus Inc. soared 70 percent to $11.76. The developer of treatments for sexual dysfunction and obesity said its Qnexa drug helped patients lose enough weight in studies to allow the biotechnology company to seek U.S. approval to sell the treatment this year.

To contact the reporter on this story: Jeff Kearns in New York at jkearns3@bloomberg.net. Last Updated: September 9, 2009 11:12 EDT

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Wear banana leaves.

Peg_li ( Date: 09-Sep-2009 23:49) Posted:

If your boss continues to short, I think she will lose until she have no clothing to wear!

hahaha!

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handon ( Date: 09-Sep-2009 23:29) Posted:

my boss said DIE... quit and come back another day.... loss BIG TIME.... hehe.... Smiley

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Good for you.

Nothing is easy in life, we r born with an empty brain n learn as we grow, likewise we need to learn how to trade.

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"

Try to 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: 09-Sep-2009 23:31) Posted:

well...

i am learning TA..i am learning candlestick..

use chartnexus to view the trend...

so far, i only look at MACD,RSI, momentum and stochastic...

as for the FA based,

i look at Revenue, profit margin, loan, cash flow, EPS and P/E ratio...

any others to look ?

thanks...

but i am still in learning stage...well, it cost my lot of times to read up and understannd all these things...