whack hsi-hq... salted fish turn body soon!

HK40 26-10-2016


Still trap within downtrend channel from peak of 24372.. need to close above 23800 to swim out the channel.. still missing one more leg on daily to trend above 25K


http://chrissyconn.blogspot.my/2016/02/hang-seng.html

KLCI 26-10-2016

current correction from 1679 will likely end at 1670~~1663.
U turn from here if can close above 1680... CI will challenge 1690~~1700.
Wave D will have a TP at 1700 ~ 1730.

a close below 1645... KLCI will retest 1600 area again!
alternate count in (bracket).

trade cautious!

http://chrissyconn.blogspot.my/2016/10/klci-oct-2016.html

fp: might wanna add disclaimer on each of your post... index warrant for old kuku birds ONLY... not for newbie!:)

y budget no mention br1m extended to those playing hsi warrants?

ayam: double top.. y go for c??u r puzzlin me..

sing: u look at what time frame to trade your intraday? what other methods u apply besides rsi?

sing: y u go for 150 and 365ma instead of the usual 100 200?

teoh: try not to touch warrants!

gigy: y u said rchi smart ar???

fp: your rsi is on C`s or hsi?

skylift: etnet app for hsi better!

guys... any close below 23168 will trigger more sell down... rsi indicator can be a flat line at bottom for index to dive further... any rebound is for C's to cut loss...

price structure is forming lower high lower low... the price trend now is down... not UP...a break below 23000 will see wave C heading to 21XXX area.

as for those newbies that interested to trade warrant... what about learn how to trade equities 1st before get involve with index warrants? i hate to see your hard earned money vaporize in a blink of eyes and u still dont know what hit u!

ayam and fairplayer have mark ko jacket which bears a lot of bullet holes... means they have experience in trade index warrants.. they can cut if price dipped 10% in which many of u cannot do!

again, please stay away from index warrants if u r new to the market!

murali: sorry to hear your loss!
as for my % return.. haha... i am still in the learning stage..
Though ..I have set my target to be like that guy that earn car by car.

Probability: i agreed on what you said on TA shortcoming.. There's no fixed set of rules (TA) to determine the magnitude of change. Its all depend on how big the meal you want to eat. We can never buy the lowest or sell the highest. FA +TA would be the best combination.

as for me, i have my own set of trading rule. ride along the trend and sell when trend reverse. strict cut loss rule when trend is against me. I dont believe in long term investing. Business environment change too fast.. we can never know if this company will survive in the next 2 to 3 years. or when north korea gonna drop the nuke.

for pure TA chartis, cashflows, earnings or business information.. we treat them as noise.

Probability: I secretly follow your posts a long time Liao... I was hoping u can give me some TA shortcomings... So I can retune retune...like Murali said... U have a big heart!

aiyoh.... last nite play steel lantern didnt manage to reply...

I have updated my view on steel counters on this blog.. please scroll up and have a look.

probability: i am no fa/sa/pa on etc... i am just a short term trader from m1 to m60.. from h1 to h4.. my holding no longer then a month.
1.618 we respect that ratio... if break.. can go higher.. no doubt on that..
still have 1.728, 2.0, 2.618 and etc... those are probability number just like your name.

that day just ngam ngam 1.618 ratio when i chart those stocks that day.

you saw all the steel counters UP UP UP when CI berak berak...i felt the stock operators wanna finishing off the push asap.. dont know whats the hurry.

i dont look into financial thingy on those counters.. whether they are in good prospect now... economical wise.. nothing change.. if they wanna drag into MRT or megasteel closed down as a push factor... i think all these factored into the price already.

whats the reason i posted this blog? to create fear... no lei.. i dont hold a single share on them... the main reason i posted here cuz i saw weakness on charts. NO... i am not relying on fibo only.. i took into account of macd, trendline, BB, ichimouku , rsi and most important .. price structure..

and the other factor is ... when i3, research houses, the edge are flushing with steel counters news... it only meant its time to SELL. i posted this to give a warning to those retailers...steel theme might be ending soon.


anyway, I might be totally WRONG!


FA has its shortcoming... TA also has its shortcomings!
i prefer to go for TA!

who am i? just an amateur wave kaki :)

Actually.. if u guys make money on 1st or 2 nd round... Should buy rchi kopi O, Kueh chap, kitkat or mcD. As a token of appreciation... Let him take a break... instead of keep asking him what to buy next?

Likely he will ask u to buy KC for next counter.

KLCI 14-9-2016

wave c in progress... next support at 1666 and 1656!

http://chrissyconn.blogspot.my/2016/09/klci-sept-2016.html

:)

Old man: no monitor... If u have profit should sell already.

Rchi: weakness on mycron chart.. trade tight!

He is a registered PDT!

Rchi: thanks... Will take a steel price tonight.

Old man: we don't play contra! And never encourage also.

Rchi: btw, heard China gonna invest 3b in samalaju for steel industry. AnY idea on the local partner?

Rchi: he liked to talk historical price.. I am fine with it. Why go comment those area that he never laid a finger on?

Hawk: if he talked FA... I cannot lor.. he ngam ngam hentam 1.618 abc wave, i have to voice out lor.

Venfx: I learnt fibo from ah con. She is veli veli good!

I tot rchi will write this one :)

Murali: A gentle reminder 9month 9th day 9pm to9 auscipicous e∼meeting.

Rchi: good call... :)

Mycron 8-9-2016
http://chrissyconn.blogspot.my/2016/09/mycron-steel-bhd.html

YKGI
http://chrissyconn.blogspot.my/2016/09/ykgi-holdings-berhad.html


Rchi: both hitting upper resistance line... on my count ABC is done..
YKGI cut if drop below 0.295 .. MYCRON cut at 0.665.

Fairplayer: my view is... Whatever trade balance result... It's should be factored in the recent run already... Trade tight!

Morning

Rchi: I mean I will wait for retracemet before I go in..
If this is the 1st wave... There will be many waves up to follow. I prefer mycron over ykgi.

rchi: will check the stocks over the weekend..weakness on both short term charts!

KLCI 7-9-2016

Not managed to close above 1693... watch 1680 support.. if give way, will retrace more. Next resistance 1700.

http://chrissyconn.blogspot.my/2016/09/klci-sept-2016.html

Murali: I think we should join the e--meeting.. who know we might learn new things one or two... Don't be that biased.. :)

Murali: r u gonna join e-meeting to exchange opinion? Since he invited u :)

KLCI 6-9-2016

M60 broke above 200ma and broke out from downtrend channel.
Index is gaining strength

Rchi: a close above 1693.. the ball is yours 1720 :)



http://chrissyconn.blogspot.my/2016/09/klci-sept-2016.html

Acmillan: nobody can predict market up or down.. they just riding the market... Since u r new.. shall suggest u to focus on equities.

Yvonne,
my condolences to your family.

Rip!

Rchi: a close above 1687 I will go for 1720... Now I am very flexible :).
Trend is up... No doubt!

KLCI 5-9-2016

b / C hit 0.618 of a / C at 1679 today..
next test might try 1683 (0.786F)
Today didnt managed to close above 200ma at M60.
A turn from here will likely test 1651 c / C.


http://chrissyconn.blogspot.my/2016/09/klci-sept-2016.html

oldman: suggest u to skip these warrants... focus on equities... by the time fairplay posted here his buy sell call... it will be too late for u to act!

Old man:if u r new..don't play call or put warrants!

4-9-2016
KLCI
Likely to test 1680 tomorrow. 1651 Targe remain to complete wave C unless it manage to close above 1687.
http://chrissyconn.blogspot.my/2016/09/klci-sept-2016.html

HK40
Tail end wave of C. likely to test 1.618 of WAVE A @ 23800 area.
For those punting on HSI-Cs... do play intraday! Tide can turn anytime from now. watch support at 23200
http://chrissyconn.blogspot.my/2016/02/hang-seng.html

Genting
Have a target at RM7.25 if 7.82 not holding!
http://chrissyconn.blogspot.my/2016/02/genting-bhd.html

Gamuda
Playing ping pong within diagonal... waiting to break UP or down.
HSR project likely to push this counter higher.
http://chrissyconn.blogspot.my/2016/04/gamuda.html

Sime Darby
7.75@0.618F should hold well
http://chrissyconn.blogspot.my/2016/08/sime-darby-bhd.html

KPS
broke out from downtrend line
http://chrissyconn.blogspot.my/2016/09/kumpulan-perangsang-selangor-kps.html

Pesona
broke out from downtrend line
http://chrissyconn.blogspot.my/2016/09/pesona-metro-holdings-bhd.html

RCE capital
wave B bounce. need to close above 1.21 for new leg.
http://chrissyconn.blogspot.my/2016/09/rce-capital.html

DRB HICOM
Lower high is forming.. need to challenge 1.33 to try higher high on short term. A break of 1.20 will test 1.05. Last Fri & Thursday up cuz of CIMB added DRB in its top pick list.
http://chrissyconn.blogspot.my/2015/10/drb-hicom_26.html


disclaimer: All charts are drawn with pembaris, 2b pencil and rubber joo..
so its NOT reliable! For reading purpose only to waste your mobile data!

Necromancer: market is alive... Cant tell u which level it will go.! Let the market guide u!

KLCI 31-8-2016

break of 1673 will have a target of 1650.. correction still ongoing!
will cancel off 1650 if it manage to break 1687 from now.. that would create higher high from 1673 on short term chart.

http://chrissyconn.blogspot.my/2016/08/klci-aug-2016.html


HK40 31-8-2016

consolidation mode .. can go new high can go low.
likely C wave from 19600 is done. watch support 22700 @ 22200. break of 22200 will kick off correction.

http://chrissyconn.blogspot.my/2016/02/hang-seng.html

$: talak orang main lu mau saya update... lu pikir lukis itu chart senang... mau kira ombak mai kira pibo... mau angkat pembaris... nanti salah mau guna rubber joo gosok gosok... lu pikir wa bangla?

Stingkor: lu ini buka tingkap cakap terang lei.... nanti kena bendera bendera lu baru tau!