My Trading Adventure

Bull Day ... DOW to breakout?

CP TEH
Publish date: Mon, 15 Aug 2016, 04:20 PM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.




DOW chart ... showing new high, and pending breakout again ... tonight. RSI at 62.

KLCI at 1689 ... we are heading 1700 and to me, time to reduce and sell.

Watching FCPO surge 80plus points today. Real crazy.

Have to do my RSI list starting tonight

TEH
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Discussions
Be the first to like this. Showing 5 of 5 comments

Weng San

lets see

2016-08-15 16:59

shortinvestor77

Teh has nothing to sell as he holds a lot of cash to prepare for market clash. Be honest! You know markets are up know, not clash!

2016-08-15 17:13

meathere

Sentiments now look bullish plus don't forget about yearly cyclic sentiments where Q3 usually better for majority counters. Also Budget 2017 another cyclic rally to be expected coming October.

2016-08-15 17:59

meathere

Opportunity cost. While one holding back now while waiting for the 'big one' (crash opportunity) that may come in 6 months, 1 year, 2 years or more while missing all the other opportunities. What is your annual return on your stock investment - 10%, 15%, 25% or hit some great counters that up 100-200% in 2 years? So if the 'big one' don't come that is how much opportunity cost you given up. Even if the 'big one' does come, how much your gain for that one round of so called one big chance, 50%, 300%? Or lost big chunk of your capital. The same theory also apply to the 'big one'- higher gain, higher risk.

2016-08-15 19:55

imoogi99

If the "big one" do come, it does not guarantee that you will make money. When you see the bottom, it could go bottom still instead of u-turn up. So dont expect that "big one" is where you make money....you may drop dead totally. Remember the 1997/1998 crisis....KLCI 1200 points drop till 600/700pts and people thought correction over....instead of u-turn it drops till 200pts. A lot of people cant recover at all.

2016-08-15 22:56

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