Insider transactions - as at 01/08/09  

Stock Transacted   Date           Substantial  Shareholder/Director       Buy/Sell/    No of Shs ('000)     Price Per Share $    % Before Change    % After Change

Midas Hldgs Ltd     24-Jul-09   Chen Wei Ping                                  Buy            30000                       n.a                              17.16                         18.14

Midas Hldgs Ltd     24-Jul-09   Chen Wei Ping                                     Buy            30000                       n.a                              17.16                         18.14

Midas Hldgs Ltd     24-Jul-09   Chew Hwa Kwang Patrick                  Buy             90000                       n.a                              3.64                            12.52Stock Transacted   Date           Substantial  Shareholder/Director       Buy/Sell/    No of Shs ('000)     Price Per Share $    % Before Change    % After Change

Hi jasonsg,

Not to worry, we are matured adults, nothing to be offensive at all, we are here to exchange pointers and must agree to disagree.

The rules of recognition of shooting stars:

1. Prices gap up after an uptrend (yes, Midas is in an uptrend and gapped up)

2.A small real body is formed near the lower part of the price range. (Yes, fulfilled)

3. The upper shadow is at least 3 rtimes as long as the body (almost, very close to 3)

4. The lower shadow is virtually non-existent or very short. (yes)

5. It is not a major reversal signal.

A inverted hammer looks exactly as a shooting star, except tat it appears in a downtrend

whereas a shooting star appears in an uptrend.

When a shooting star condtion is fulfilled, it will forms a mkt top but a fake shooting star

does not result in trend reversal, thus cause a continuation of the uptrend, hence will not form a mkt top.

Yes, I too do not just rely on candlestick, I also look at the mkt in perspective together with FA and

confirmation of other indicators.

My purpose of posting this chart of fakes candle is to create an awareness and alert newbies and fellow TA practitioner

not to be tricked by such fakes and best to wait for confirmation.

Hope this clarifies. 

Ooops, sorry about the mistake in the chart, should be "fake bearish engulfing", not "fake dark cloud cover", labeled wrongly. .

The black candle after the 1st candle at the beginning of the chart (ie before 9th March), is a fake  'dark cloud cover"

richtan      ( Date: 31-Jul-2009 23:28) Posted: Below is my daily 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.

Hi jasonsg,

No offence intended, from your post, I know u dun even know wat is a shooting star.

My view too is tat Midas will most likely trending up with the 15ema n 25ema providing very good support,

so even if Mon appear even a lower low n lower high black candle, I will not be unduly worried, unless,

Mon's close break below 25ema, then will I exit. But dyodd.

jasonsg      ( Date: 01-Aug-2009 11:07) Posted: I think friday's shoot is not so fake. look at the intraday chart, majority (80%) of the volume occur when the price is rising. which is actually very healthy chart, indicating that this chip will cheong next week. I dont know how to upload pic, but u can see that in yahoo. richtan      ( Date: 31-Jul-2009 23:28) Posted: Below is my daily 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.

Hi jasonsg,

Just for your info, a shooting star, by definition, is supposed to be bearish, but it is a fake unless it is confirmed the following day

on close by a lower low and lower high black candle.

Look at my chart below of all those fakes, ie not confirmed by a lower low and lower high black candle the following day.

But in any case, did u notice tat for Midas, the 15ema n 25ema has been providing very strong support,

For me, unless there is a closing break below the 25ema, will I exit, but of course,

the final trading decision is up to individual, thus why I always say, dyodd, as nobody is responsible

for our losses n blame nobody but ourselves for any losses.

jasonsg      ( Date: 01-Aug-2009 11:07) Posted: I think friday's shoot is not so fake. look at the intraday chart, majority (80%) of the volume occur when the price is rising. which is actually very healthy chart, indicating that this chip will cheong next week. I dont know how to upload pic, but u can see that in yahoo. richtan      ( Date: 31-Jul-2009 23:28) Posted: Below is my daily 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.