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 .
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so, if i am right, this drop should be the end of the correction already if its stop at 61.8% fibo otherwise we shall see the correction reach as deep as 4.26@38.2 fibo
Hit low of 1699 today. I believe minor A done.. expecting minor B up to 1710/1715 area before minor c down to retest 1692 area (0.382F) to complete wave 4.
wave B bounce can go as high as 1720.
I cant confirm if correction ended today at 1699... will update more when wave are more clear.
wank, Dow ( weekly chart ) looks likely going into a combo corrections.A regular flat formed followed by a WX and now into a zz or triangle formations.This count will be violated if can closed above 18000.
Crude oil ( weekly chart ) It is in a ABC corrections.Now starting to unfold the last wave 5 of corrective wave C with a possible tp at 20.00
twobits,u r too modest,i think ur ew is very good.
btw,rchi is not juz trend..i cover global mkts,local sentiment,theme of the moment,stock of the moment,buying momentum,presence/absence of stale bulls etc etc...to arrive at the final buy/sell call.
it is a complicated process so i never post my analysis here.
sifu rchi's call is alwaz the most geng n the most accurate....
Posted by rchi > Mar 26, 2016 11:32 AM | Report Abuse
ah con is leng leng si che..kikiki.
twobits,u r too modest,i think ur ew is very good.
btw,rchi is not juz trend..i cover global mkts,local sentiment,theme of the moment,stock of the moment,buying momentum,presence/absence of stale bulls etc etc...to arrive at the final buy/sell call.
it is a complicated process so i never post my analysis here.
twobits ... always happy after a rather pricey facial :) but happier when i see more buddies in CC discussing stock matters :):) with regards to having decency to inform fellow buddies on cutting loss, i wud like to add one point 'what if the tipper does NOT cut loss ? cuz he/she is a position (not swing nor scalp) trader who can afford to hold a counter for weeks or months and who excels in entry management since there is a long time-frame to play with' .. or as JK puts it :- 1) some traders strongly advocate protective stops to limit potential losses 2) others simply don't use them at all cuz they believe floor traders know where most of the resting stops are located and so push prices into those stops and then letting price runs its original course ie upwards for me, if a tipper does not ask for anything in return be it monetary or even a simple 'thank-you', we ourselves have to manage our trades shud we choose to follow any FOC tips .. we are only entitled to ASK .. to DEMAND .. to EXPECT if we are paying for some kinda service ! we can't expect soup kitchen to dish out abalone soup to those who wait in line for free food can we ??
CONCLUSION - if one does not want to learn how to trade, at least spend some time to observe all the ever so generous tippers !! and ask 'do i have the same risk profile as the tipper ?'
HRISSYCONN Mar 17, 2016 04:18 PM | Report Abuse CHRISSYCONN Mar 16, 2016 09:43 AM | Report Abuse Dsonic : WATCH IT, the volume and the crossing of 1.35
Comcorp : the other pack who will be robbing the same bank twice in a few months
----------------------------------------
COMCORP Beware of chasing this counter if you dont want to be stuck, i am treating it as DEAD CAT BOUNCE trading only tomorrow to sell 0.68-0.72
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Re : ".....decency to inform fellow buddies on cutting loss, i wud like to add one point 'what if the tipper does NOT cut loss ? ............."
I did not cash out as the comcorp behaviour differs from the above 'Dead Cat Bounce' ,this last 3 days behaviour further confirmed the same previous behaviour of 'robbing the same bank twice in a few months ', so friday b4 close, i sold half near 0.80 (differ from 0.72 ) cos my over- cautiousness have a better of me, and leave the balance 1/2 for ex-monday 0.80-90-1.10.....
So at the cemetry i met up with one oldhand from okk who claimed that "2 weeks ago" he & his group were TOLD "by the INSIDER" (as per my lingo : the pack- and now i suspect : from okk) that the push is on and will end with an announcement of a 'surprising' good result in "2 weeks time"....which sadly i did not have the benefit of being told prior to this...
So the lessons I learned :
1. There were groups in kl who were told as early as 07Mar (2 wks ago around 0.55) to go in big (each of them went 2m and paid and hold as it was deemed cock-sure ) as price "WILL FLY WITHIN 2 WEEKS ON EXCELLENT RESULTS" --THEIR COSTS IS MUCH MUCH LOWER THAN THOSE OF US (ikan bilis who have the courage) WHO CHASED UP THE PRICE ON FRIDAY 0.62-0.83 coinciding with icon888's calls on its result on the NIGHT of " Thu, 24 Mar 2016, 08:25 PM "
2. Since this EXACT timing happened TWICE within a few months, as a trader who scrutinise/compare price (chart) movement, you MUST COME UP WITH THIS CONCLUSION : icon888's article IS DELIBERATELY TIMED TO CALL UP ALL THOSE DARE-DEVIL-TIP-CHASERS TO HELP (for common goods) TO HELP THE PACK TO RUN UP THE PRICE on FRIDAY 25March2016 (ALMOST exactly as in FRIDAY 18December2015) viz with an open gap of 3-4cts and closed to 1.5 cts off peak.
3. For those of us who AIM to make SURE $$$s in KLSE, there are better way chasing on tips : go and find out all your possible contacts who work as dealers at any of KL major hses (espec okk), eq yours or gf's mistress's or mum&dad's frens,relatives,ex-schoolmates,mistresses......anybody who is "inside the ring",or take instruction from the pack....then you can LUXURY of making $$$$s without fear ,without sleepless nights,without constant pains of losing to the "market".....
oopsi billy .. if i cud remember i have never done chin ming !! does this mean i lack filial piety ?? it's more important to visit our elders whilst they are alive not buried ... to bring them out for a nice meal not the offerings at cemetry ... aha interesting PACK story on comcorp !! yup insider news is above ALL FA / TA / EW and what-nots :)
Posted by Bilis Bilis > Mar 26, 2016 06:41 PM | Report Abuse Caught you on the board!! No Chin Ming do, paying respect to ancestors at the cemetry kah? I just came back from one, and will tell you one that i got at the cemetry which is relevant to your topic here : Comcorp!!
tony89 .. u may try :- 1) EW principle by frost and prechter 2) visual guide to EW trading by gorman and kennedy 3) the ultimate technical analysis by kennedy 4) and ps venture into slideshare for a lot more reading materials on EW esp those practical tutorials which help to use EW principles in real-world trading
Posted by tony89 > Mar 27, 2016 08:12 AM | Report Abuse guys, can anyone recommend what book is best for elliot wave? thanks!!
Yes connie. This is the news I've been hinting since 2 weeks ago. Heard from my friend but told not to reveal as mana tau last minute tak jadi.
1.67 ah? Susah lor if follow how the big boys support. Higher and higher each time. They dont let if fall once it breaches a certain level. With this news out, below RM1.80 hard unless ...all the big boys dump same time to let Tony accumulate
Usa economic growth revised up,monday will be a good day.
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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/