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.
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ringgit depreciating quick rapidly,apart frm crude cud it be due to the impending change of BNM governor come april? n ppl's lack of confidence? rob...of course can add.
Hit low of 20254 today roughly 0.382F from 20512. Now sitting on parallel lower trend support and BB line. Tomorrow will be interested to see how it move from here.
AAsia : I suspect the Captain pilot might make a "smart" retreat by cashing out at 1.81 and sellingdown 10cents to 1.70-1.72 close, "smart strategy" to pre-empt adverse reaction to FED/FOMC announcement.... running first before the ikanbilis that rush in tomorrow.
(DJI 17Mar2016) IF the above come true, post FOMC reaction should be a n embarrasing surprise (to the Captain) of +500 jump next 2-3 days from 17150/17180 +500 = 17680
Also expect the wall-street's contrarion and defensive over-reactions , profit-takings on either the good or the bad (or both) news on the FOMC announcement day itself, leading to a tug-of-war between the bears and the perma-bulls, and if things go ugly,expect fed to trooping out its board members,one by one,to talk up the market. If the low of 17120 is not breached .upping the dow by 500 points to 17680 is not unachievable, a must do when the presidential election is on right now...
I scrutise babytin chart this morning and would agree with sifu archie i.e. 0.36 is NOT enough for the operator/syndicate/this-fierce-shark who will be robbing-the-SAME-BANK-TWICE-WITHIN-6-Mths,especially the end feb sharp drop 0.60-0.40, the seductive easy $$$$(40,50,60 cts) this shark MUST steal next 3-4 weeks.
You may have to get back into the game again, and ride with the SHARK!!!!
basically a lot stuck at jjt son at 0.60...so those ppl wont simply throw the jjt son with loss during current uptrending....they will keep eating to average price.
while currently those a buyer 0.30 possible selling but by calculate at 0.30 line buyer not many compare to 0.60c
so long uptrend is possible...beside mm also wont run at this lvl.
mslee .. firstly, i want to work on my take that wave 4 expanded flat has terminated at high of 20504 (note am using the prices on intra-day chart which are slightly diff from daily !!) .. 1) wave 4 toppish at 20504 2) sw1 of wave 5 = 20504 to 20261 3) sw2 of wave 5 = 20261 to 20434 (38F of sw1) 4) expecting sw3 downleg of wave 5 to unfold ** however, ps note market will INVALIDATE this count if start of wave 5 at 20504 is taken down
mslee .. secondly, let's take a look at twobits' count !!! he is expecting another upleg ... he has these two question marks on his chart 4? and 5? !! we shall start from the last 5-waves structure on this chart ... 1) wave 1 = 19833 to 20197 2) wave 2 = 20197 to 19852 3) wave 3 = 19852 to 20504 4) wave 4 = 20504 to ??? (his 1st question mark) 5) wave 5 = ??? to ??? (his 2nd question mark) ** this count will become INVALID if wave 4 trades into the range of peak of wave 1 at 20197 .. meaning shud this take place, then there shall not be another upleg on wave 5 !!!!
mslee .. kindly take note i am merely counting based on ew principles without taking any news / economic data whatsoever into consideration !!! when one trades very short-term, those become immaterial and one wud just go with the flow of waves awaiting market to confirm or invalidate the ew patterns ... if u are trading longer term, u may want to consider other factors besides my very straightforward count !
sorry ... error on the fib ratio on point (2) ! shud be 62F not 38F of sw1
Posted by connie > Mar 16, 2016 10:58 AM | Report Abuse X mslee .. firstly, i want to work on my take that wave 4 expanded flat has terminated at high of 20504 (note am using the prices on intra-day chart which are slightly diff from daily !!) .. 1) wave 4 toppish at 20504 2) sw1 of wave 5 = 20504 to 20261 3) sw2 of wave 5 = 20261 to 20434 (38F of sw1) 4) expecting sw3 downleg of wave 5 to unfold ** however, ps note market will INVALIDATE this count if start of wave 5 at 20504 is taken down
Posted by Bilis Bilis > Mar 16, 2016 11:44 AM | Report Abuse X
Posted by sharonsee > Mar 16, 2016 10:52 AM | Report Abuse
Bilis Bilis, HSI already closed the gap this morning, now start to move up?
----------------
No no yet read my previous posting about HSI futures vs HK40 vs HK50 charts , with gaps at different locations/level....
My rough counting bottoms possible at 3 lower levels :
20202 20160 20082 20056
for example HSI-C14 IF you see 0.22 --0.25 it is a MUST BUY!!!!!
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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/