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Post by firecrest on Sept 23, 2014 18:17:47 GMT 7
DOW has a rough night last night and confirmed the shooting star, turning it into an evening star, signifying that this correction is going to be worst than the one in August. This can only be confirmed again when DOW breaks below the 200MA mark. As for the bank index $BANK, it has already broke below its 200MA, this will not help DOW to recover... it is good to stay sideline. www.investopedia.com/terms/e/eveningstar.aspMacro situation is going to be bad with the pulling out bond buying by Fed next month. I think is better to watch at the sideline and get ready your shopping list with the right stocks to buy.
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kenji
Junior Member
Posts: 6
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Post by kenji on Oct 1, 2014 4:03:27 GMT 7
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Post by stockpicker on Oct 1, 2014 9:36:46 GMT 7
The two pillars, the banks and housing indexes have just gone south, breaking the symmetrical triangle. Down trend will start..until recovered.
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Post by kenjifm on Oct 2, 2014 2:02:30 GMT 7
The downside can't be avoided but we will be reaching a critical support at 16615. Any upside from here will be sweet. Any downside will be nasty.
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Post by stockpicker on Oct 4, 2014 11:17:02 GMT 7
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Post by kenjifm on Oct 7, 2014 19:38:04 GMT 7
The upside with rebound at 16615 is again at a cross road. 16866 will be a crucial support for the upside to continue. in my opinion, any upside will be a good sign for everyone to have a Great Xmas! Any downside will need good objective in any investment for the roller coaster ride down.
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Post by kenjifm on Oct 9, 2014 2:08:20 GMT 7
Who said miracle don't exist? The magical 16615 brings back hope for Merry Xmas.
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Post by zuolun on Oct 9, 2014 3:41:18 GMT 7
Who said miracle don't exist? The magical 16615 brings back hope for Merry Xmas. That's the Basis of Technical Analysis — In an uptrend support holds (buy on dip); in a downtrend support breaks (sell on strength).
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Post by kenjifm on Oct 10, 2014 18:04:27 GMT 7
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Post by om on Oct 10, 2014 21:35:45 GMT 7
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Post by zuolun on Oct 11, 2014 6:15:02 GMT 7
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Post by zuolun on Oct 16, 2014 8:13:44 GMT 7
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Post by stockpicker on Oct 18, 2014 10:49:40 GMT 7
After having formed the shooting star on 19 Sept, DOW lose more a 1,000 points from 17,279 to 16,117. The night before, it created a long tail doji with a capitulation, signifying some bullishness. This bullishness was confirmed last night with a long green candlestick that even exceeded the last long red candlestick, forming a morning star to please the eyes. Many have thought that DOW will continue its way down on Thursday in a volatile trade, sending DOW to lose more than 250 points at one stage. But it crept back to form the long tail doji. The experienced trade would know that this would not happen because there was a divergence between DOW transportation (DJT) and DOW.
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Post by me200 on Oct 21, 2014 10:50:41 GMT 7
Value Investors Hoarding Cash
Warren Buffett, Chief Executive Officer of Berkshire Hathaway Inc., has said he is waiting for a “fat pitch,” his phrase for an opportunity to buy a stock at a favorable price.
Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) held more than $50 billion in cash at the end of June
“We prefer the risk of lost opportunity to that of lost capital,”
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Post by stockpicker on Nov 6, 2014 10:19:36 GMT 7
Some weaknesses observed in DOW as shown in the attached chart. But DOW is likely to ignore these weaknesses and continue to go sideways until more weaknesses are formed. Oil price was down lately, this will help investors to mind that business cost will be lowered and there will be chances for further growth in the economy. However, this oil price war will have to stop sooner as Saudis finds that it could stop the US shale oil producers from flooding market. Oil price likely to stay around US$80/= for a while.
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