Early in the first quarter of 2014 when gold spot fell below the neckline, no more close monitoring after downtrend target price is drew.
早在2013 第一季当黄金跌破颈线,画了跌幅满足够就不再观察了。
Until recently the market (KLCI) and the global stock market crash then started to look back to the trend of gold spot, cause gold is the safe haven for all assets, discover that gold is breakthrough the uptrend support line, and entering a high band shock interval after all. Although it broke the second shock interval once before, but it took one trading day to recover and move above the support line, so this is means for the main force, also means big player is deploy since 8/2/2016, thus the starting point is won't broken easily. Ironically, gold spot strong signal occurred in 3/6/2016, meanwhile KLCI is breakthrough the downtrend resistance line in the same day. Then, the next trading day 6/6/2016 KLCI rose about 12 point, and rose about 11 point at 7/7/2016. However, 8/6/2016 the market is stared to crash, but gold spot is rose about 15 point. Finally, KLCI bearish is confirm at 10/6/2016 which is the fake signal is formed after fall below the support! This is what I means Monday Blue? Black? After that, what happened is the market collapse. Frankly, 7 days closing with a black candle stick continuously and decline almost 50 points, if this is not a bearish, then what is so-called bearish? Some more KLCI break the support by today.
Gold? Still rose until today! So, I believe the foreign investor is really amazing, pull up KLCI a bit, buy short options, then use the big event - BREXIT - in this month to make the market collapse, then earn from gold & options. So, I am learn from this incident, if wanted to become the top analyst, then is a must to conduct a comprehensive analysis to all the financial market, so that a bigger picture can puzzled in the financial market.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....