Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
hawk .. i think i just focus on counting the perfect ew and fib on hsi !!! so far the prediction using ew principles is excellent .. later will attempt to count the targets again :) the same goes to crude ...
All these years, I never heard of good sentiment of the market. All I heard is just the 'market will die', 'the market very negative', 'there s impact here and there' and so on. This kind of things has been haunted us since the day we have borne. But the market still running very well until today, still plenty of people going into the market... and this is strange...
Good morning Connie. Riding the wave again? Make sure you know how to swim hor. Not saying good or bad but just a reminder to be prepared for anything loh.
Good Morning All! Wish everyone a good week ahead! Connie, this morning i read no road the HSI chart..until it bounced! now only i have little more confident of my reading.
subwave 1 a: 19488- 19139 = 349 b: 19139- 19271(38f) c: 19271- at least 18922(wave 3 always the longest) = 349 d: e:
let's recap what is happening after we predicted wave 2 of 5 rally :-
Feb 26, 2016 03:09 PM | Report Abuse let's look at the bigger picture first :- 1) 1 of WAVE 5 = 19546 to 18854 = 692 2) 2 of WAVE 5 = 18854 + (692 * 0.786) = 19398 ** so, me expecting 2 of WAVE 5 rally to reach 19398
now, micro-management of the subwaves :- 1) we know 2 of WAVE 5 comprises of 3-waves cuz this is corrective 2) a of 2 = 18854 to 19296 = 442 3) b of 2 = 19296 to 19127 (this is exactly 38F of a of 2) 4) c of 2 = 19127 to 19400 (this is 62F of a of 2)
confluence of calculations :- 1) 2 of WAVE 5 = 19398 (0.786 of 1 of WAVE 5) 2) c of 2 = 19400 (0.62 of a of 2) ** see how close these two figures are which are supported by fib calc
further observation :- 1) a of 2 has very steep slope 2) c of 2 is much shallow demonstrating waning momentum 3) when c is exhibiting such pattern, it's a harbinger that the LARGER trend is resuming (ie 3 of WAVE 5)
RESULT :- 1) 2 of WAVE 5 rallied to 19488 (versus prediction 19400) 2) after 2 of WAVE 5 rally, the LARGER trend did resume ie 3 of WAVE 5 now
NEXT PREDICTION USING EW PRINCIPLES :- 1) we need to count the tp for 3 of WAVE 5 doing the same ie (a) look at big picture first and then (b) micro manage the subwaves to arrive at a tp with confluence of calc
Hang Sang up 475 points,shanghai index 25 points.The regulator of China's Stock Exchange is replaced.Will it have a great impact on the world markets,G20 meeting and China's economic meeting with US?Let watch closely.
BIG picture first :- 1) 1 of WAVE 5 = 19546 to 18854 = 692 2) 2 of WAVE 5 = 18854 to 19488 3) 3 of WAVE 5 = 19488 - (692 * 1.618) = 18368 ** so, me expecting 3 of WAVE 5 to dip to 18368
MICRO-MANAGE subwaves of 3 of WAVE 5 :- we know that 3 of WAVE 5 comprises of 5-waves structure; so 1) 1 of 3 = 19488 to 19145 (343) 2) 2 of 3 = 19145 + (343 * 0.236) = 19226 (versus actual 19230) 3) 3 of 3 = 19226 - (343 * 1.618) = 18671 4) 4 of 3 = 18671 + (19226 - 18671 * 0.382) = 18883 5) 5 of 3 = 18883 - (19488 - 18671) * 0.618) - 18378 - note i have used 0.236 to count current wave 2 of 3 rally, if this is NOT the case, then the rest of the TPs need to be recounted accordingly
confluence of calculations :- 1) 3 of WAVE 5 from big pic = 18368 2) 5 of 3 from micro-manage calc = 18378
good morning stingray .. nothin' much to do so surfing hsi :) those counters i am monitoring are neither here nor there ie no confirmation of UP or DOWN :(
Posted by StingRay > Feb 29, 2016 11:09 AM | Report Abuse Good morning Connie. Riding the wave again? Make sure you know how to swim hor. Not saying good or bad but just a reminder to be prepared for anything loh.
The market does not react well on the sentencing of Repco Low. Which shark want to play the market leh. But bomoh hor, they can do whatever they want loh. No good loh.
bonarda .. i can see why u used 19139 (versus 19145) ! i drew the trendlines and decided 19145 as the terminus point and the rally unfolds an expanding flat and thus b goes beyond start of a ..
Posted by bonarda > Feb 29, 2016 11:13 AM | Report Abuse Connie, this morning i read no road the HSI chart..until it bounced! now only i have little more confident of my reading. subwave 1 a: 19488- 19139 = 349 b: 19139- 19271(38f) c: 19271- at least 18922(wave 3 always the longest) = 349 d: e:
oh yea wslywei .. let's see if 3 of 3 can reach 18671 or not !!
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace 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....
Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/