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/
my dear slave ... we shall monitor the performance of mr postman again next week ! should he decide to deliver to addresses with postcode above 290 then we would reconsider his appointment :)
Rchi, usually I tracked S&P500 trend as my indicator rather than DJI, to me last week pull back from 2102.4 to 2065.3 which is 39.1 points drop is healthy. The past trend during the bull run is about 30-40 points pull back along the way. As long as next week S&P500 does not drop more than 50 points and continue to slide down then I'm quite confident the super bull-run is forming and at the beginning stage now. Don't underestimate the money printing power of central banks especially the Federal Reserve. If just the USA is doing it, we won't see a bull run, however, EU, Japan, China and some other countries are implementing easing policy also. The collaboration of these central banks is going to form a bubble, when is it going to burst? Nobody knows, only God knows. I underestimated the money printing power in 2009 and it burned a small hole in my pocket, a lesson learned.
haha pristine,as you said we are not God,in mkt nobody knows but experience does count a great deal...and i hv lots of experience...anyway no harm having plan b.
you may hv a thousand reasons mkt shud not go down,but if you dun listen to wat mr market is saying,you will not hv an easy time...n dun forget the 1mdb default n govt collateral damages...a whooping 20 bil RM.
All same same experiences and expert and kind heart. Newbie like us benefit the most from u guys sharing. Don't fight.
Who right who wrong who win who lose who argue who blame...
Facts and results will silent all those critics! I see so many ppl very EGO very EMO find thousand excuses for their analysis and then ended up talk also cannot talk.
pristine, this website is from duit and there is a TA on s&p if u like ... note he is also using ew to read the fractal waves plus fibo to come up with short-term targets !! as with all ew chartists, there is always an INVALIDATION point which if violated the 1st count is no longer valid and the 2nd count takes over .. this explains the notion of 'only god knows ..' as NOBODY can have 100% precision ! enjoy the charts :)
Conclusion Short-term bearish bias remains unchanged with the key short-term pivotal resistance at 2100 for a further potential push down to test the 2065 support and a break below the 2065 level is likely to add impetus for a deeper decline to target the key short-term support zone of 2044/36 in the first step.
On the other hand, a clearance above 2100 pivotal resistance is likely to INVALIDATE the short-term bearish expectation to see an upward choppy price action to retest the significant medium-term swing high of 2110 (weekly pivotal resistance).
duit .. MEDIUM view :) last nite i was watching hollywood MEDIUM with tyler henry ... oohhhhhhhhhh spooky !! he can feel the dead ... all celebs are lining up to have an appointment with tyler who is merely 19 years of age :) perhaps we need to ask tyler whether bear or bull view for bursa .. LOL
Ha..Ha.., Duit, we are not fighting just a discussion. In this kopitiam, there is no right or wrong, everybody is entitled to his/her views, only time will tell whether it is right or wrong. There is another person, "Gerald Celenti", using the same marketing gimmick also. You are not a newbie, don't keep your view to yourself, share it. Connie, short term wise, same view as yours, may be bearish in 2 - 3 weeks times.
note the sell off of the ctr gtronic,it has half its peak value of 6.90 now. the sellers knew that msian electronics sector is facing the bear,note that electronics made up a substantial % of our exports. the coming qtr trade figures may look ugly,add on the 1bodoh msia never ending saga,will our soverign ratings face downgrade?
yesterday foreign net sold RM50 mil only n it dragged klci 14 pts down at one point,it does show the bomoh is defending less now. the last mimute push up of 10 pts is due to the eating of tenaga 36 sen higher by the bomoh.
duit .. wud u be so kind to share how to trade that baby ??
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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/