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TCSS
Dec 11, 2013 15:18:56 GMT 7
oldman likes this
Post by zuolun on Dec 11, 2013 15:18:56 GMT 7
zuolun bro, not sure if i shld also let go of my f&n but sti still above 3000 Odie, My gut-feel is that, STI is likely to break the next support at 3033. STI should have been much higher when measured in US$. pertama.freeforums.net/post/1369odie, STI as at 10 Dec 2013... With the H&S formed, I could see the rolling rock coming down clearer and more forceful now as compared to end-Aug 2013. In a bull market, extremely high volume is required for stock prices to hit HH. However, in a bear market, extremely high volume is not necessary as stock prices will fall LL by its own weight due to lack of demand.  |
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TCSS
Dec 12, 2013 8:49:12 GMT 7
Post by zuolun on Dec 12, 2013 8:49:12 GMT 7
zuolun bro, not sure if i shld also let go of my f&n but sti still above 3000 Odie, My gut-feel is that, STI is likely to break the next support at 3033. STI should have been much higher when measured in US$. pertama.freeforums.net/post/1369odie, STI as at 10 Dec 2013... With the H&S formed, I could see the rolling rock coming down clearer and more forceful now as compared to end-Aug 2013. In a bull market, extremely high volume is required for stock prices to hit HH. However, in a bear market, extremely high volume is not necessary as stock prices will fall LL by its own weight due to lack of demand. thanks zuolun bro for update will wait and sit on my fingers for time being odie, The STI broke the classical support @ 3033 and covered the gap at 3051 & 3071 created on 9 Sep 2013. It is extremely oversold now due to lack of demand. If you're interested to play the dead cat bounce, you may start your shopping of big-cap blue-chips slowly at current level, around 3033. STI broke the classical support @ 3033 with extremely low volume as at 12 Dec 2013 at 9.12am.
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TCSS
Dec 12, 2013 10:53:58 GMT 7
Post by odie on Dec 12, 2013 10:53:58 GMT 7
zuolun bro, now that mkt is bad
i jus got no bolas to buy
LOL
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TCSS
Dec 12, 2013 11:46:35 GMT 7
odie likes this
Post by zuolun on Dec 12, 2013 11:46:35 GMT 7
zuolun bro, now that mkt is bad i jus got no bolas to buy LOL odie, You may use The Fear and Greed Index as a guide for the best shopping time.  |
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TCSS
Dec 12, 2013 12:25:02 GMT 7
Post by odie on Dec 12, 2013 12:25:02 GMT 7
zuolun bro, now that mkt is bad i jus got no bolas to buy LOL odie, You may use The Fear and Greed Index as a guide for the best shopping time. zuolun bro, noted with thanks but now only 49 so will wait and see first |
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TCSS
Dec 12, 2013 15:50:15 GMT 7
Post by zuolun on Dec 12, 2013 15:50:15 GMT 7
thanks for update zuolun bro was going to go in if hit 690 odie, After my group has finished compiling a list of stocks for probable trend reversal play (long for mid-term), I will pm it to you. You can take your time to pick and choose from the list, which is strictly based on TA. (Members do have privileges over non-members in this forum.)  |
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TCSS
Dec 12, 2013 16:12:32 GMT 7
Post by odie on Dec 12, 2013 16:12:32 GMT 7
thanks for update zuolun bro was going to go in if hit 690 odie, After my group has finished compiling a list of stocks for probable trend reversal play (long for mid-term), I will pm it to you. You can take your time to pick and choose from the list, which is strictly based on TA. (Members do have privileges over non-members in this forum.) zuolun bro, thanks let me know if you need any help more hands make work easier as of now, i play my online games and look see look see shares only |
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TCSS
Dec 12, 2013 17:46:34 GMT 7
Post by zuolun on Dec 12, 2013 17:46:34 GMT 7
odie, After my group has finished compiling a list of stocks for probable trend reversal play (long for mid-term), I will pm it to you. You can take your time to pick and choose from the list, which is strictly based on TA. (Members do have privileges over non-members in this forum.) zuolun bro, thanks let me know if you need any help more hands make work easier as of now, i play my online games and look see look see shares only odie, Massive short-covering on heavy weight stocks, especially UOB, DBS and Singtel, mostly done by intraday "chicken runners".  The STI rebounded intraday and closed @ 3059.04 (-1.70, -0.06%) on 12 Dec 2013 but all the technical indicators are extremely bearish. |
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TCSS
Dec 12, 2013 21:48:44 GMT 7
Post by odie on Dec 12, 2013 21:48:44 GMT 7
zuolun bro,
looks like only kepcorp got some chance
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TCSS
Dec 12, 2013 21:57:42 GMT 7
oldman likes this
Post by odie on Dec 12, 2013 21:57:42 GMT 7
STI 3059.04 Volume: 282.12M Value: 709.45M no volume so buy also no Greater Fool to sell to Definition of 'Greater Fool Theory' A theory that states it is possible to make money by buying securities, whether overvalued or not, and later selling them at a profit because there will always be someone (a bigger or greater fool) who is willing to pay the higher price. Investopedia Says Investopedia explains 'Greater Fool Theory' When acting in accordance with the greater fool theory, an investor buys questionable securities without any regard to their quality, but with the hope of quickly selling them off to another investor (the greater fool), who might also be hoping to flip them quickly. Unfortunately, speculative bubbles always burst eventually, leading to a rapid depreciation in share price due to the selloff. www.investopedia.com/terms/g/greaterfooltheory.asp |
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Post by oldman on Dec 13, 2013 5:10:51 GMT 7
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TCSS
Dec 13, 2013 6:50:30 GMT 7
Post by odie on Dec 13, 2013 6:50:30 GMT 7
Business HK court orders insider trader to compensate investors December 12, 2013 A former Morgan Stanley banker convicted of insider trading will have to pay more than 290 investors a total of HK$23.9 million (RM10 million) they lost out on, a Hong Kong court ordered on Thursday, in an unprecedented legal ruling. Du Jun, a former banker for Morgan Stanley Asia Limited, was ordered by Hong Kong's Court of First Instance to make the payment for using inside information when he traded shares in CITIC Resources Holdings Ltd in 2007. The case marks the first time in Hong Kong that the Securities and Futures Commission (SFC) has managed to win a court order forcing an individual insider trader to pay investors money they lost out on as a result of trading with him or her. It contrasts with the approach taken by most other regulators, including the United States and Britain, which tend to levy fines for insider trading that go into government coffers rather than returning money to investors. "The investors had no means to detect they were dealing with Du, who was engaged in illegal insider dealing," the SFC's enforcement head Mark Steward said in a statement. "This case sends a clear message that the consequences of wrongdoing, including the costs of restoration or remediation, should be met by wrongdoers and not be borne by innocent investors or the market," he added. Du was convicted in 2009 of insider trading and sentenced to seven years in jail. The term was reduced to six years in 2012 following an appeal, though it still marks the longest sentence ever given in Hong Kong for the offence. This case, heard in the civil courts, was only resolved now following the end of criminal proceedings against Du. Du had been part of the Morgan Stanley team advising CITIC Resources on a proposed deal to buy oil field assets in China when he traded in their shares. The HK$23.9 million represents the difference between the price at which the affected investors sold shares in CITIC Resources to Du and the price at which they could have sold the shares had the price sensitive information related to the deal been known by the market at the time. - Reuters, December 12, 2013. |
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TCSS
Dec 13, 2013 11:26:59 GMT 7
Post by zuolun on Dec 13, 2013 11:26:59 GMT 7
thanks for chart zuolun bro will monitor this postman:) odie, I was told if you keep poking the ceiling; one fine day after numerous attempts of poking, it will be poked thru, eventually. As at 12 Dec 2013, SingPost hit resistance 1.35 thrice. |
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TCSS
Dec 13, 2013 17:05:09 GMT 7
Post by odie on Dec 13, 2013 17:05:09 GMT 7
thanks for chart zuolun bro will monitor this postman:) odie, I was told if you keep poking the ceiling; one fine day after numerous attempts of poking, it will be poked thru, eventually. As at 12 Dec 2013, SingPost hit resistance 1.35 thrice.Zuolun bro, My queue expired
singpost closed with a doji
will see if I can date ms post next week
LOL |
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TCSS
Dec 14, 2013 9:27:42 GMT 7
Post by zuolun on Dec 14, 2013 9:27:42 GMT 7
zuolun bro, noted with thanks but now only 49 so will wait and see first odie, The Fear and Greed Index is at 38 or Fear on 13 Dec 2013. ALL the technical indicators of the STI weekly chart are extremely bearish now; immediate support @ 3000, next support @ 2931. Based on these 2 signals, my gut-feel is that, the STI is likely to break the 3000 points convincingly to retest the last low of 2990 scored on 28 Aug 2013.  Red Alert |
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