Bon3260,

Let me quote prophet's post in another thread:

Prophet Member

Posted: 09-Oct-2009 10:22       Contact Prophet          *  Quote this Post!

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OKay lets be realistic now . AFter a week of rally . Friday is always the going to be profit taking of those weekly investor . The following days wont be strong like intial . It will be choppy . Fighting between bulls n bears . With investor waiting for other indication to re-enter the market . IF u listen to me and buy On Monday . U r Safe And u have a good gap By now . BUT rem if u re enter the market now buying more , it might be more risky  already . Coz the value u buy at this Pt is no longer the Lowest . What i suggest to you if u wan to re-enter . Is Buy around 30-40 % of what u bought on from the first time u bought . So if there is any downside u wont be hurt so much . Dont be greedy and buy more than what u have bought in the first place . LIke i mention . The market will be choppy . Any downside may hurt u if u do so .

Wah Lau! 0.74/0.75 hvn't reached yet, oredi dropped 0.71/0.715 liao...

Same like Midas... I guess Midas'll last 0.87, worst 0.86.

Hope nxt wk Ausgroup & Midas'll b better... ('',)

Hi pharoah88,

I m not so keen on genting, to me it is a form of internet casino gambling n I m not comfortable with its chart pattern (looks like apex of a flame, gives me a phobia of being burnt, I rather be safe than sorry), of course it may shoot up but likewise, on any bad news, it may also plummet, it is anybody's guess, the higher it goes, the bigger the bubble waiting to be burst.

Hi pharoah88,

U may take a look at chartist2009 n my chart posting fyi n exchange pointers.

Hi chartist2009,

Btw, if u are keen to learn more about 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 (which I formulated, distilled n condensed based on all my past knowledge n read-ups).

Hi chartist2009,

Sorry as I dun get wat u mean by "what method/ name of TA you using for this post"

Hope my reply answer your ?

The long term chart below is "cup n handle", besides this, I use a wide variety of tools, eg candlesticks pattern, candlesticks continuation pattern and reversal pattern, triangles/flags/pennants breakout pattern, support/resistance line, fibo retracement n the various supporting lagging indicators.

chartist2009      ( Date: 08-Oct-2009 23:18) Posted: Hi richtan, Glad to see ur chart sharing. May i know what method/ name of TA you using for this post? I would like to learn more method to enhance my TA. Thanks in advance for enlighten me.  richtan      ( Date: 08-Oct-2009 22:59) 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 intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly 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.

Hi richtan,

Glad to see ur chart sharing. May i know what method/ name of TA you using for this post? I would like to learn more method to enhance my TA. Thanks in advance for enlighten me. 

richtan      ( Date: 08-Oct-2009 22:59) 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 intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly 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.

Hi chartist2009,

I m glad to see your chart sharing, had been waiting very long for someone to share their chart analysis and exchange pointers.

I will be posting my chart analysis after this post for sharing n exchange pointers.

chartist2009      ( Date: 08-Oct-2009 22:47) Posted: Hi All ~ ! The AusGroup is start taking off to fly! After break out from ascending triangle, the counter retreats back to support line, to provide opportunity for ppl who lost the chance to buy before it break out from ascending triangle.  Who lost the second chance to buy up at $0.645 should not blame anyone. lol.. The stochastic is already back from oversold region and keep moving up. The Chaikin Oscillator is getting closes to 0 level. Its bull signal coming soon...

I m equally impressed by the 2 big big balloons, looks so seductive.