Thursday, January 31, 2008

Market drifts lower

We did not break 3000 support emphatically but surely the drift is also a cause for concern. With many market participants smart enough to stay clear of the market due to the volatile market, there was no good follow through buying in the market. Ever since the 3 days of rally last week, we have been drifting lower and lower since the week began. My anticipation of an up week seems remote. Ah Ben did me a favour by cutting the interest rate by 50 basis points and yet the market did not rally. The wisemen said, "If a good news doesn't spark off a rally, then nothing possibly will. " I'm long on 2 stocks and I have to be more cautious. My options include throwing out my line before the weekend and enjoy Chinese New Year.

3168 could be the high of this rebound and we could be heading towards 2746. Break that, we shall see more downside. If that level holds and we rebound, we could be forming a "W" bottom. This should be what many would anticipate.

Psychologically, I'm feeling bored by the market actions. It is very easy to tell my course participants to have patience and be discipline. Truth be told, this is easier said than done. I hate seeing my equity remain stagnant. There are times we have to stay sidelined and not losing unneccessary. There are 2 ways to overcome this itchiness. Firstly, close your watchlist and focus on your job. Secondly, which is a more expensive way, go for a holiday! Either way, just make sure you check the end of day data to retain the feel for the market.

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If i wake up, DJ close ugly, i shall use my CFD. If DJ shows resilience, my longs should be making money.


STI: The last candlestick formed was a graveyard doji and near the 50% Fibo support. We are still facing immediate and mid-term downtrend. The gap was closed and with a graveyard doji, we still have a chance this is the immediate bottom.

随着海峡的回弹,我们经历了四日来的不断套利和卖家的压力。原本有望在此周感受到市场牛气冲天,如今却一场欢喜一场空。非波纳斯分析指出,指数很有可能在50%的支曾。加上日本腊竹法,今天毕市后,给于我们一个“一指定江山“的形状。这有望意未着海峡已见底,攻牛大哥拿下3200点的柱力可说是视目以待了。大家可不要忘记,鼠年快要来临。市场有望回弹。鼠年一过,记得好好保重。

最重要的还是得看华尔街今晚和明晚的走势。必南齐减息但市场没所表示,这令我坐立不安。因为如果强心针没作用,恐怕市场便难逃结束。

错字连遍,尽请愿谅。

帝塞富上

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Tuesday, January 29, 2008

Expect the Unexpected

Truth be told, Monday was very very ugly. We thought US will follow suit and continue the onslaught from last Friday..... but to many people's surprise! It didn't! Instead, it's a whopping +170s gain! Yes, expect the unexpected! The no follow through selling today could mark the end of the retracement and it will be nice to be looking for market to push to the next high. People who have been following me in waiting for the higher low, this is not the higher low. This is just a retracement on the way up. The low may be created say next month? The kind of low we want is of sustained movement, just like when market rebound, we want a sustained upwards movement.

US side tonight reported friendly CPI numbers which may pave the way for Ben to cut rate. Also, durable goods order numbers was surprisingly better than expected. This means the economy is not that bad afterall. Another confident shot to the Feds.

The world awaits the statement from FOMC. But i'm not going to do nothing....infact according to my experience, market always know before hand. Hence i will be monitoring the market for any clues of what is likely to happen.

Now, if Ben really cuts, it doesn't guarantee the market will tua rally. I will track the price closely, coz' if the cut is priced in, the upside is limited. Let us be objective, the trend of the market is still biased to the downside. Most importantly, the real world problems still persist!

I'm still holding on to my Lian Beng. The retracement so far hasn't done much harm and I kinda like the price actions. I further added Tat Hong to my portfolio near closing when 2.65 did not give way. I eye 2.64 as possible support and my view last Friday maintained, that we should close higher this week. Again, tat hong is another rare stock still trading above the 200EMA.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Saturday, January 26, 2008

I have sinned; I had LianBeng for lunch

After seeing a strong and firm morning session, i skipped lunch and began to screen for stocks to analyse, formulating scenarios in my mind and came out with a few conditions. If those conditions are met, I shall try long. Firstly, Nikkei closed the week with a hammer on the weekly chart. HSI after the massive sell down on Thursday did not have follow through. If it was really that bad, HSI would not have rallied on a Friday where traditionally no traders will carry overnight positions. Nikkei, HSI & STI all three indices has something in common. Hammer candlestick on the weekly chart. This is one component of a reversal pattern and there is a chance next week, we will close higher. Hence for next week, any weakness could be a good chance to long. Especially those agri & commodities stocks.

When the market opened after lunch, I saw LianBeng's chart and salivates. One of the rare stock still trading above the 200MA. Price actions wise suggest there is a hungry Pacman at work. 585, 600 were the levels i was watching... I established my line at 585 to 595. Once 600 clears, it is expected it should fly. However, it is a risk i am taking. I anticipated a pull back and i could have waited for the pullback to strike. Alas, i'm human afterall.


With DJ selling off, Monday could start weak. Eyeballs should be transfixed at Nikkei, how it handles the selling. It is afterall normal to have a small reaction after the big rally. Let us look towards for a higher low. Huat ah!


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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.

Friday, January 25, 2008

Hold your breath!


The last 2 candlestick shows lots of market emotions and it came with high volume which confirms the panic. We had a hammer which is followed by an inverted hammer. I see resistance somewhere 3200s level. Incentives to move to that level include Fed's meeting which is coming up, we are some distance to the resistance level. Watching how the market behave at that level is important. We should not see heavy dumping and that after the healthy retracement, we see a higher low which to me marks the possibility of the start of an uptrend. After which we must observe the previous high and hopefully takes that out. I don't rule out a good uptrend which may last for a few months given that US Govt and policy makers are stepping in to help the market. But alas, it will only be temporary.

Currently after being shaken out of my Cosco, i am feeling frustrated. The sudden swing down of HSI caught my attention yesterday and I decided to take my profits and avoid risk.

About my macd histogram system. essentially it is a trend following system. Hence in recent weeks, no matter how you screen the market using XPertTrader, it is not going to give you any buy signals. It will also not give you any sell signal because we are on the way up! This is what having a trading system can benefit me and those using this XPertTrader rule. Signals will start coming only when trends are established. This is also why I am able to pick winners consistently for GrowMoney quickpicks.

However, since one has to wait, it also means that using this system, one has to have patience and discipline to wait for the signal to come along. Truth be told, the rally today did affect me psychologically. I am green with envy as i see Cosco going to 4.90. I am sad that I sold mine at 4.70 during the panic dumping of HSI. I felt greed and is tempted to latch on to the rally today but common sense and the past painful experience holds me back. Looooooooon ah!!! Once the trend is confirmed.. Hoot tua tua!

Patience..... orh mi tuo foo... :P

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Wednesday, January 23, 2008

Rebound arh!

If everything goes well, we could have seen the short-term bottom at Tuesday Low. I longed cosco taking that low as my support. My view is, that should be the low and we are heading for a rebound. This rebound should take us to STI 3100s thereabts and I will look out and becareful for dumping again. Conditions that favour this rebound include Fed's rate cut and more cuts to come when they meet? Also the traditional CNY rally. Earnings so far is disappointing. Apple gave a weak outlook for Q2 and Motorolla has a bad quater. But! Motorolla hasn't been doing well all along... hence i will be looking for strong results from the competitors to dispel worries that consumers are not spending. Anyway, Motorolla so far hasn't been producing cutting edge products.

Today I cut my loss on Cosco warrants which i took yesterday at closing. I fully deserved to lose this 2 bids trade. Though the loss is small, i am very tempted to just leave it aside because the position is small. But, i hate that kind of complacency in trading. I mean, what the heck! I didn't do my research properly and bought a call warrant which is high in premium and it will not move unless Cosco trades near 4.60s. Hence i choose to punish myself and face the music. I don't want the ill-discipline to manifest in me.

With 2 trading days to go, it will be nice if we can close above 2800s to give us a nice hammer on the weekly chart. There is no need to play god and predicts the ups and downs of the market. Like my ang mo shifu, Livingston said, "I let the tape tells me which direction it is going"

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Tuesday, January 22, 2008

Capitulation Time?




I refer to the high volume done today and the strong finishing actions in the futures market. We stands a good chance for a rebound in coming days. With the heavy volume marked, we saw how market recovered. I took small cosco call warrants with 2 minutes to closing when i saw FTSE coming back strongly and simsci gives a late late show. I was deciding between getting a HSI CW or an index stock. To take advantage of a rebound, I must go for index stock or index as second liners may not move. The logic is clear, when index rebounds, those stocks in the basket will move. Period.

Ah Ben cuts rate tonight. Was it a coincidence that FTSE & Simsci rebounds late in our trading time? Alas, market has never changed, the clues are there, I just need to be observant. As this is the second day of a 5% decline, a whopping 10% off the index!! Anymore, i suspect the circuit breaker will be on! Hence whole day, i have been looking out for clues of a reversal day, formulating scenarios in my head. At 3pm the first sign was there, but it was a trap. HSI futures rallied from -1800 to -1000, only to close -1800. Then with 10 mins to closing, FTSE recovered strongly suggesting they knew something and our simsci rises from the dead and at one stage was positive. The lowest of the day i think was -170s... These are the signs i needed to try long. This is even with DJ futs staring at me with -650. So long there's a reason to be long, i shall try. I assessed my risk and put up a small position. For if i'm wrong, i want to lose small. But if i'm right, and this turns out to be a Key reversal day, the reward will be many times more than the risk i took.




DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Monday, January 21, 2008

"I can feel it in my old bones"

This was the exact words my shifu told me since last week. He could feel the market will tua lao sai. And if you think today is the worse, veterans like my shifu who gone through 1987 will give you a proper definition of a crash. Crash would mean there are no bidders, market open with a huge gap down leaving many investors dumb struck. For example, XYZ stock closed $12 in previous session and today opened at $6. This is the definition of a crash. We still have not seen the worse of the bear market.

I scouted through forums and talked to many, just because the market showed resilient, many thought it was the right time to bottom fish. I for one traded like this in the past and guess what? We are fighting against the trend. Since market is heading down, there are only 2 things you should be doing, either you completely stand aside or you short the market with CFD or put warrants. There are proper ways to identify a market bottom, so far i have not seen it. Alexander Elder in his book mentioned, "for a man who fell down from a flight of stairs, will need time to stand up, dust himself before he continues on his way." This applies to the market as well.

If you feel helpless and down, COME join the ChartNexus team at Suntec Convention Centre this Thursday, 24th Jan, 7pm. It's a great chance to join our community of investors and the ChartNexus trainers to discuss and explore how to protect and grow our $$$ in this market turmoil.

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ChinaFish on the weekly chart. Fish is next to be BBQ'ed?


DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Friday, January 18, 2008

STI update


Blind no more! Finally i am able to see STI! Rebound looks to be on the cards. However, i will still be looking to short at rebounds, hence my sight is casted at 3200s thereabts. Another trading idea is to latch on to the long side at the first reaction after the rebound. I am still searching high and low for bullish divergence but ain't seeing any. HSI 24,200s stood like a rock, tested on 2 days and despite selling pressure from DJ's horror show.... this speak alot for the support.

Counters to choose form should be the ones with the most volatile movements instead of slow moving stocks as i want to take full advantage of a quick rebound. Otherwise when the rebound finish, the slow stock could have moved only a little.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Wednesday, January 16, 2008

S&P500 Just starting to crack


Scenario 1: Ah Ben cuts rate by alot because inflation data came in weaker than expected. Banks result are expected to be bad and there is some slowdown in the economy. Then we see S&P 500 rebound to the attractive level to attempt a short.

Scenario 2: We breakout out of the D-Triangle cleanly and target to downside 13,000

AVB from NYSE is the kind of stock i like... obvious downtrend! I shall initiate an outright put option on this baby because i couldn't find a good risk/reward strategy.

I am waiting patiently for a sustained rebound to my resistance levels and shall try shorts on CFD and also index. To me, the lilelyhood of a rebound is high now and it doesn't make sense for me to risk going short at such levels. For this strategy, i will be using my 4g1r system.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Where will the diarrhoea stop?


Final resting place for HSI maybe the gap support and the 200EMA. Global indices has broken down their 200EMA hence i see the odds of HSI to hold off the selling around here as remote. Any rebound, i think i will lookout for bullish divergence. It's a pity i didn't take full advantage of my correct opinion of HSI breakout to the downside where i took my put warrants profit yesterday. Nevertheless it was good profit. Wait for another chance! :P


DJ looks set to break the uptrend support line. I will be looking out for hammer on this line or any bullish reversal patterns should this line holds. Otherwise target base on D-Triangle is 11,800 thereabts.


DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Tuesday, January 15, 2008


Finally 26k gives way! Target price base on D-Triangle is 22k thereabts.. of course we won't go there one straight line. Hence at every rebound, i will look for opportunities to establish short positions. What about market bottom? will we have a complete reversal from this week onwards? I will look out for signs of a bottom like higher low and use the trend indicator to confirm before i even want to be interested in going long on hsi.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Monday, January 14, 2008

Wanna profit from the rebound?

The bearish breakout finally happened. Many descending triangles gave way. It was a pretty ugly sight. Along the way, when the descending triangles were forming, we had many decent rebounds. I got vested at one such rebound last month but only had to cut as there was no follow through buying. Follow through buying is a sign of bull market marked with tame selling. What I saw was gains very cheaply given back to the market by the brutal selling, volatile market actions...etc.. all these are not signs of bull market. As of now, i still do not see signs of a bottom as yet.

STI is now officially trading below the 200DMA. This is where in wall street they regard it as a bearish sign. All you need to do is to check 1997 and year 2000... compare the relationship between 200dma and STI, you will appreciate what is happening now.

Going forward, we may have some rebound. I for one a not interested to profit from this. For me, i want to establish short positions strategically. If the coming rebound is one of the lower high of the downtrend, then i would have shorted at a very good position. I trade with a longer view by the charts.

When HSI rallies to 27,400 last Friday, I initiated a put warrant position as I recognise that resistance level from the chart. True enough HSI closed down 400 on Friday and my position swings into profit. With DJ closing overnight losing -247 points, i beginning to fancy a 1k decline in HSI today..... it never did. Hence my plan is, I will add if the descending triangle breaks convincingly. Or if 27,600 gives way, I will cut my losses. I am still not interestedin stocks as of now, prefering to focus on HSI.

US side, plenty of data this week... so let us expect a volatile week!

Clue: Lookout for 4g1r!

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Thursday, January 10, 2008

Market cried wolf

Yesterday afternoon the spectacular rebound drew in loads of investors thinking a rebound is happening right before their eyes. Dow Jones close overnight with decent gains. However once again there was no follow through. I too was tempted to load up some stocks before closing. However I hold my horses prefering to wait to either short at strategic position in HSI or STI or go long when i detect strong buying interest. Should DJ rebound to my trendline resistance, i will attempt a small short. If proven right, show hand and double up. If i'm wrong, I gladly take my loss.. if i'm right that the market is going down until CNY, then tua tua huat liao. :P

Cheer up folks! Although I may not know you personally, but i believe we share a certain degree of affinity since you stumbled to my block. Let me guess, if you are a newbie, you should be stuck in some positions. Nothing to be ashame of, most of us start with losing. Trading is a game where failure is accepted! : ) It all depends on how u make use of the losses.

A good friend of mine called me up recently, we spoke and i came to know he is stuck in a position. I could really see a reflection of my younger self trading.

a) When market is rallying to new high, he was outside the market. When market falls, he naturally thinks it is cheaper now and that he should buy. He failed to understand what causes the market to retreat. There are 2 types, normal healthy retracement versus correction. Along the years, shallow pull backs and fast recovery has caused many to be complacent...especially enticing newbies, thinking it is easy money.

b) He feels that stock is cheap as compare to before the retracement now so can try. To trade or invest, one must have a working strategy be it FA or TA. By guessing, it is no different compared to a trip to Genting Casino. Trading should be treated like a business where one need to assess the risk and reward before putting on a position. There are proper techniques to identify trades.

c) Stock decline, because it is a fundamentally strong stock so it is not so bad to be holding. At this stage, i call it forced investor. My question is, what if we are really heading into a recession? credit crunch? high oil price... or worse, we goes into bearish mode? Should we hold fot 2 years? Or worse, the industry cycle is over and we have to wait for 10 yrs before we see that stock regain glory?

The above are exactly what I was doing previously! keke Everyone has to go through this stage of self discovery and losing. Everyone will pay his/her tuition fees to Market.... the challenge is, make yours an affordable one! Recently I finished reading Alexander Elder's second book, "Come to my trading rule". A number of key points:

a) winners focus on discipline and money management, amateurs always look for new indicators and methods.

b) beginners should target not to lose more than 10% of total equity in first year. Semi-pro will aim to make up to 20% consistently. Professionals will make up to 100% on some good runs.

c) Ask yourself this question.... when we first step into the world of trading, what do you think of first? The honest answer is to make money. Learning is secondary. This is wrong. We should have approached the market in the mentality to learn first and then make money. Didn't the high paying doctor or lawyer learn first as apprentice before they can perform their duty or fight in courtrooms? In trading, we did the opposite!! No wonder most of us loss money.

At my seminar last saturday, a woman participant told me a very shocking matter. She is full margin currently!!! That is scary! She doesn't understand risk... this stage of the market, no sensible risk management rule will say to go full margin. After I showed the many descending triangles around... I think i scared her.... nevertheless, i hope luck is with us and market to rebound from here. Notice the word is hope. We all know hope seldom works in the market.


Why is Capland so bearish?


The star of the week... jiu tian... holland loh.. 200EMA couldn't hold and bears will have their fun here... Celestial also the other with funds selling out. QDII? sold to QDII? Both were said to be good considerations as they are fundamentallicious. QDII fund has cried wolve for 3 times liao... I think look at charts better. So long down trend, either stand aside or short. Only buy when see uptrend... won't go too long.


Rotary: Very interesting development. 200EMA stood like a rock...toin toin toin!

YZJ: another QDII fund hot favourite....also recently added to the new FTSE STI... other than the lower high which I no like, the bullish divergence is something to cheer abt. As we near the apex of this triangle.. look out for actions...if support doesn't hold... yzj will become titanic.






DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Wednesday, January 09, 2008

DJ broken critical support level


DJ looks to have breakout of the Descending triangle pattern after last night's sell off. As it is still some way from the apex of the triangle and indicators oversold, i fancy a rebound soon (as shown in green). If this rebound hit the downtrend resistance line, shorting looks viable and good risk/reward.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Tuesday, January 08, 2008

Swung around like a monkey

I went long HSI just before HSI close yesterday. It closed with a hammer with a late flourish. DJ on the hourly chart has a bullish divergence and given the fact that it has gone down in successive sessions, it increases the probability of a T-rebound. Alas, it only manages a small gain in a volatile session. My position swung from profit to loss and then rebound into profit only to lose ground again before closing. I opt to cut my position versus hoping it will swing into profit again. The key word here is "hope". I am wrong, it will be a loser game to hang on to a position and hope. Trading index is different from stocks. We have to be discipline and hoping will lead to tremendous losses.

Looking at the whole market, the gains are given back very easily. No follow through in buying and the brutal selling. Looking at the bigger picture, all the lower highs is ringing alarm bell. Other than short sell signals using my 4g1r system, i did not receive any good buy signals for 4r1g system. This is the reason why i am shunning stocks for now and focussing on index.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Monday, January 07, 2008

Rebound on the cards?


Tonight, we must hold the Novemeber low. Otherwise.... it will really be ugly! The brutal sell off was one with a lot of volume.. 2 ways we can look at it, final capitulation or more shit to come. By Japanese Candlestick analysis, i would love to see a long tail tonight. It will be good to turn long if the long tail is found. Watch Asia markets for clues near closing. We all remember what happened in Aug'07, the markets miraclously rebounded.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Thursday, January 03, 2008

Then US$35......Now US$100

With US$100 per barrel staring at us and manufacturing contraction in the US helped by credit crunch and subprime loan woes..... how can market not go down? Each time it tested the downside, the rebound is equally fierce drawing cautiousness even for shortists. However it was noted that every rebound achieved a lower high. This phenomenon is also observed on most of the charts in the market. While major support looks well defended on 2 occassions but base on classical analysis, descending triangles are every where. To neutralise this triangle, we need to break the downtrend resistance line or trades out of the triangle.

I went short HSI when 27k gave way today and my view is 26k to be tested. I found no incentive for the market to head higher and surely panic and fear is in the air as the market took a sudden dive yesterday and it continued today. Since we are down for almost 3 months, i revisited the theory behind how a market bottom differentiates from a market top. Market top is known to be volatile with heavy volume... this is where the smart money ditch their shares as bullish sentiment took over sanity. Market bottom, is slow and price gains are small and controlled. Also volume is light as most will be in denial that the market has recovered. Last 2 weeks, market was exposed to lots of bad news yet Dow holds steady and gained during the last week amidst foreign investor funds buying into banks....not to mention dressing... now that we are officially into Jan 2008, undressing on the cards?

It's Friday tomorrow and i doubt many will want to risk carrying over the weekend hence any gains may be capped by profit taking. Jan 16th is CPI again and then we have Fed meeting on 30th Jan

Technical analysis seems to reflect the problems the US economy may be facing. While we see some decent gains in Dow recently, i thought it was given back rather cheaply. Nevertheless, opinions are often wrong and market is always right.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

HSI Update


DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

US Manufacturers taking the hit

This is not the kind of start many wanted. The late afternoon slump left many stone cold.

The curse of subprime problems spreading accross economy injected fears in to the US market. A quick check on the chart shows DJ broken down a symmetrical triangle pattern. 13,000 must hold to look pretty, otherwise no eyes see. Currently DJ is trading -164... With Ah Ben's meeting minutes reaching the market at 2pm their time, it will be nice to see a hammer! : )

Many stocks look like turning down from a lower high... a sign of downtrend stock. Hence I will still be careful abt trading stocks and look for index warrants for a change.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Wednesday, January 02, 2008

DJ to rebound tonight?


DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Tuesday, January 01, 2008

A Tricky 2008

It has been a wonderful 4 years rally and the risk going forward is higher. Many experts are warning to expect a volatile year in 2008. I think it makes sense. Going forward, if the stock isn't behaving, I will be prudent with my profits.

Most of the stocks still hasn't broken through their lower highs hence i will still trade light and not load too heavy. Sector wise, banks are definitely in my radar until they report a quater without subprime headache. Commodities sector including oil palm remains hot going into the year, while many thinks their prices are too high, do not forget the golden rule, the high goes higher, the low goes lower. Hence I am looking forward to build 2 positions in Jan. A long position in an uptrending stock and a short position in a downtrending stock.

As DJ closed into the negative by slightly more than 100 points. Tomorrow I will be watching how market takes the selling. Quickpicks should be back tomorrow evening!

I'm sorry that I didn't update the blog as regularly as i wished. 2007 has been a crazy year for me as i undertook major changes in life. A career change, marriage, moving all in the 2H07. I needed the time to adjust. Now as we are into day 1 of 2008, i shall find my rythem. The lacklustre market interest in the last month of the year also made trading challenging. As much as I like and wanted to trade, the wild swings in prices are very exciting to trade but may not be profitable. I cannot personally relate to it any better because I got swung around like monkey in 2004. I could have easily sucuumb to greed and took on a few positions, but somehow all the books and trading exprience seems to have internalised, not forgetting my shifus sharings.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.