Thursday, December 28, 2006

Last Trading Day of 2006

It began fantastically and is going to end in the similar fashion. Congratulations to all those who made money this year! : ) Those who lost instead of win, something is not right! Please do something about it. I am like you losing money in a bullish year before and if I can reverse the situation, so can you!

I think throughout the year, I have sent only a couple of message to my yahoo group. It began in January where I pre-empted the move of property and banks correctly, then when market crashed in May, I highlighted ship repair sector to watch and a possible rebound in stock market in July and the latest message was to buy on weakness in the week leading to the last week of 2006. I am glad I have been helpful in your quest to GROW MONEY!

2006 will also be remembered for my venture into public speaking and training for Technical Analysis. Thank you to all those who have attended my courses or workshops and I look forward to meeting the hundreds of you again in 2007! Huat arh!

It's a pity that I couldn't be online to share my analysis over the last week, my girl was hospitalised with suspected dengue fever and i have to step up to take care of her. For those who have sent your regards via email, a big thank you. : ) Great news, her blood palletes rebounded and today formed a bullish reversal pattern! keke Her fever is hitting into resistance and anytime will reverse into a downtrend and then can be discharged liao!! : )

This week was suppose to be a great chance to make money but alas I have to give it up. No regrets though... read on. Wealth or Health, which should come first? I believe everything happens for a reason in life. If I haven't lost heavily in the market before, I will definitely not appreciate how to be patient and learn the right way to trade. Destiny wants me to spend the last week of the year in hospital and miss trading for a reason, to witness the suffering of the many patients warded. It reminded me that money is not everything. If you do not have the health to enjoy the wealth, you will spend the wealth to mend the health.

Decipher would like to take this chance to wish everyone a healthy and bountiful 2007 ahead!

Happy New Year Folks!

Yours sincerely,
Decipher

P.S For those interested to spend a Saturday with me, reserve your seat at www.chartnexus.com/events

Year End Open Positions:
Cosco Corp
Tat Hong
ChinaSky
MediaRing

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Wednesday, December 20, 2006

Market got Thai *Hokkien

Market was whacked on Tuesday by the stupid currency policy by Thais. They must have shorted the market! Because they reversed their policy at night! Maybe they are partying at some part of Bangkok last night? Why? Because as soon as they cover back their shorts, they went long! hahaha Thai market rebounded 11%!

I sold my HSI CW which i caught last Friday. In theory, after a breakout of it's 19.1k resistance, there should be a pull back. Hence I took my profit and waited for the pull back. It came, but the pull back was hard and fast and sharp! This is news induced and hence theory was thrown out of the window. Instead, I related the incident to that of the Thailand Coup earlier in the year. I went with my view of a market knee jerk reaction and bought another HSI CW. I haven't sold yet as I see 19.4k possible target. Global markets are recovering from the Thai cock up and I think after the flushing, now we have buyers ready to step in after cutting loss.

I am still not aggressive on stocks as i think most of them are in trading range. However my eyes are on window dressing next week. Friday should pick up 1 or 2 more.

Current Holdings:
Cosco
ChinaSky
MediaRing
Tat Lui
HSICW
OCBC CW

GrowMoney QuickPicks
CDL Reits

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Sunday, December 17, 2006

Good CPI, Good PPI too?

Can it be double happiness for US market? CPI numbers came in good and we are expecting PPI number on Tuesday. If that turns out good as well, u la la~~~ I have been stopped out of my last STI PW. Looks like this bull is very strong. Last week was a super good chance to drag all investors and traders into mourning but Ah Gu came back and lift us up. A check on the weekly charts of major indices globally shows that the trend is still intact and more upside could be coming.

I have gotten a HSI CW on Friday after cutting loss on my STI PW. Also for the rest of the week, my strategy will be to buy on down days for the Capricon Effect.

I have good news! GrowMoney group has the most members in the yahoo investment and trading groups! Our community has indeed grew alot of the past year. I hope as the moderator, I had served you well. : ) Cheers!

And for those who missed my last Technical Analysis Class, mark your calendar, I will be kick starting ChartNexus series of courses and workshops with Cracking the Stock Market Code.....6th Intake! Information can be obtained at www.chartnexus.com/events

GrowMoney Quickpicks
OCBC

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HSI Chart:




DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Thursday, December 14, 2006

Red Bull

Once again STI defied gravity and we are back into the green once again. This is a warning sign to me. The big retracement didn't happen and what we saw is firm actions. Hence I took my losses in DBS PW and the STI PW at 2700. It doesn't pay to argue with the market. I'm wrong in my analysis of a big retracement so I gladly take my losses while still small. I reckon that it is not going to happen in the near future and hence I took my losses first as i was too early. Instead I kept my STIPW at 2800 as it is near the money. In between I traded HSI PW for quickies. Market to me is range trading for the moment. Deploy your fishing rod at support and sell at resistance.

I am still wary of a sudden correction and hence am not too aggressive in my buying. Prefering to watch my position closely.

For those interested to learn Technical Analysis, please register here >>> www.chartnexus.com/events It's the last event of the year! Freebies like XPertTrader subscribtions up for grabs!

My Holdings:
Cosco Corp
ChinaSky
Tat Lui
MediaRing
STI-PW

GrowMoney QuickPick
Enviro-Hub
RafflesEdu

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DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Tuesday, December 12, 2006

STI loses steam

The market finally showed weakness. However alot depends on Big Ben's speech tonight. If US tua lao, we won't get away scott free. The selling now is a perfect setup for post X'mas Rally where we will have our Window Dressing. One of my fellow Trader friend joked, "Undress now so that later can dress up!" haha Although I am singing bear tune for last 2 weeks but believe me i do not want market to crash from here. Just a normal retracement is what the market needed.

Some of the china plays are badly hit. HSI is showing weakness as it is unable to close above 19k after numerous attempts.

GrowMoney QuickPicks
Bayan Trees
SunTec Reits

Charts Gallery









DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Wednesday, December 06, 2006

The bad signs

I took profit from FerroChina and added another batch of STI PWs. I didn't like the gap up yesterday and no follow through today. Indicators are shouting for reversal. STI hit trendline resistance. Trading volume crossed over 2 billion mark. Banks had moved... ulu stocks hogged the top volume.. it pays to be alert. Seriously, downside risk is higher for now. I will feel alot happier if there is some form of correction or retracement. Today's STI closed with a possible bearish harami. We need a black candle tomorrow to confirm. Let's watch on.

No quickpick for tonight as I am not looking to buy any stocks tomorrow.

My holdings:
Cosco
Lao Hong
DBS PW
STI PW

ChartNexus's Cracking the Stock Market Code is enrolling it's 5th intake! It's affordably priced for those keen in learning the tricks in Trading from OCBC Analyst Ritesh Menon. Details can be found here >>> www.chartnexus.com/events

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Tuesday, December 05, 2006

STI to break new high?

The high goes higher! This bull is getting crazy! Refusing to head for a rest. I shall not argue with the market and may go the long side today while still hanging on to my DBS and STI PWs for a hedge.

Last week I managed to scalp HSI PW 2 times. It was suppose to be a hedge for my Lao Hong and Cosco. But in the end, my stocks went up and I still profit from HSI PWs... Happy Irony! hahaha

GrowMoney QuickPicks
FJ Benjamin
FerroChina

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.