执子之手，与子偕老

With my wedding and honey moon coming up, it's time to take a break from the market. I wish everyone tua tua huat and may the market leave some money for me when I am back in December.... Huat arh! keke

P.S I have taken my profit off YZJ inorder to cut down on my exposure. I shall sit through with the rest of the stocks that I owned unless the market really forces me to run clean clean.

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

Abnormal Market Behaviour

I do not like the way how market is behaving lately. Firstly, the recovery from the August low was too fast. Secondly, I observed that the price swing has been very wide and loose on the way up. This could be signs that the smart money are getting out. At the top, there shouldn't be alot of selling (volume) because there are limited over hang shareholders. The only explanation for the high volume is, smart money liquidating. Thirdly, the incredible run at HSI. Murphy law applies in the market too.

Inorder to cut down risk, i sold HongXin when the selling persist. I had wanted to ride this on the way up but the price actions has been too loose and i didn't like the wild swing. If everything is fine, i will look to buy back again.

I derive 2 opinions about the market.
1) Market trades in a range and we see major support levels hold.
2) Market breaks the major support levels and we crash south creating a lower low in price actions.

GrowMoney Quickpicks
SPC (Bull)
Ezra (Bull)
UOB (Bear)
SMB (Bear)

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

Focus on market not on paper gains/losses

A quick tip about controlling your psychology in trading is never to focus on the paper profits/losses. By now, this golden rule has been internalised. 4 weeks ago, I began to have doubts about my opinion on China shares when my growth fund is having measley returns. The paper profits did not bother me. I was focussed on the general movement of china Shares and the market as a whole. Even as of now, with Hongxin rocketing off the base, I am still feeling indifferent than when I did not make any money. Alexander Elder said, "Take care of your losses and your profits will take care of themselves". What this guru meant was to cut your losses small and ride your profits long. When Genting, Adv Hldg, Ausgrp are not moving the way I anticipated, I was quick to take whatever nett profit I had from them because technically, I was either wrong or early in buying them. When I am right in my trade, I will not be eager to take profit off the table so soon prefering to ride them as far as I can. The ability to ride the profits doesn't mean ignoring risk. Instead, it meant to know what are the risks and how to manage them inorder to ride the trend. To understand the risk, I derive this important information from Technical Analysis. If you haven't notice by now, price always precedes news. Those who are skeptical about Technical Analysis, you only need to look at Labroy Marine today. Is the news really that surprising? Well at least not to the technical traders for we already see something brewing from the charts.

Just another reminder, the last ChartNexus Technical Analysis Course will be held on the 15th & 16th of December 2007. With more than 1 month away, seats are selling fast. If you have always been interested to learn the art of trading, do not miss this last course of the year because, come 2008, the course fees will be adjusted due to the increased in hotel rates.

XPertTrader Screening Result
SSH (GrowMoney Trading System)
LianBeng (GrowMoney Trading System)
Biosensor (Bollinger Breakout)

P.S Running out of trading ideas? Are you confused over what to buy? With XPertTrader, trading opportunities never run dry. Get yours today! www.chartnexus.com

GrowMoney Growth Fund
HLH
Jasper
LC Dev
YangZhiJiang
Jiutian
ChinaHong
ChinaWheel

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

Red Army tries again

I sold my ausgrp at 1.81 (bought 1.81 4 weeks ago). During the 4 weeks, Ausgrp went as high as 1.92 yet i didn't sell for profit. It also went as low as 1.74. My trading system is trend following and I tend to sit on a trend. It became obvious to me that i am early in the trade. Also the recent movement of the market is, good news and bad news doesn't move the market. In 2005, we plunge after trading sideways. In 2006, we traded sideways and then surprise everyone in November by going on a strong bull run that leads us to 3k.

I respect risk. Although I still have a portfolio of stocks, i must agree readily that we are behaving like in a market top. The inevitable can happen. But, we will not know when. The only thing we can do is to manage our risk. When it happens, just remember to run away. The plunge from market top can take a few months to happen, so there is still upside to make from. This is why i will not just sell everything and wait for the crash to happen. Who am i to decide if market should plunge. The best thing to do is to form an opinion of what are the signs and take care of the risk.

Tonight i have more than 36 stocks in my XPertTrader screening. There should be a broadbase rally tomorrow. Best time to add should be during intra day weakness .

As November will be a busy month for me, there is only 1 Technical Analysis course. The last one for the year will be on 15th Dec. This course is computer based and many feel that it is very good to have the laptop for practise versus pencil and ruler with old charts. This is the last time the course is offered at the special price. Next year onwards, it will be charged at the usual rate. This is because hotel rates are increasing.

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

Is it really that bad?

Yes, the index does closed very ugly and that accross the board, bloodshed. However using my screening, i searched and found that despite the big sell off, we didn't go down further. Although this does not guarantee we don't go down further from here but I am able to produce 2 opinions:

a) in recent weeks, there wasn't any sucker rally and that mostly shares did not close up higher and i could feel a lack of participation from the retail side. Hence there will not be alot of panic selling.

b) DJ is near support at 13,400... it will be nice to see this level holding. Furthermore, alot of stocks are trading at their major support levels. If all these levels start to crack, my CFD account is ready.

I just concluded my course over the weekend and remembered something valuable which I have forgotten. As I introduced alot of strategies and techniques in the course, by the second day, I could usually see the "information overload" syndrome in the room. One participant asked, "So many things how to apply all" ..... then it struck me! Technical Analysis shouldn't be difficult. It should be fun and easy to apply. Hence my reply was, pick up 1 or 2 of the strategy learned and then slowly add on as you get comfortable. This way, it will be more effective and you can still have loads of fun. For the benefits of newcomers to trading, I urge you to learn price movement and identifying support and resistance first before even looking at indicators. Indicators can fail and WILL fail, it is the understanding of support and resistance with price movement which will limit your risk and LOSS!

As the market corrected today, for the brave ones, you might be wondering which stock to pick up if you believe this is the lowest market will go. Tonight, I made use of XPertTrader Fibonnaci rule to screen out stocks that had closed near the Fibonacci levels. Hence I can save precious time and focus on analysis rather than charts flipping.

XPertTrader Screening Results
No. Stock Name Triggerred Date Triggerred Rules
1 Allgreen 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
2 Biosensors 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
3 China Hong 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
4 ChinaAngel 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
5 ChinaAOil 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
6 ChinaPDye 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
7 CITYDEV 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
8 FerroChina 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
9 FORELAND FABRICTECH HLDS LTD 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
10 Full Apex 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
11 HG Metal 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
12 HL Asia 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
13 Oculus 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
14 Olam 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
15 Pac Andes 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
16 Penguin 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
17 Rotary 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
18 SeeHS 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
19 Sing Tel 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
20 SingHldg 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
21 Sky Petrol 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
22 StamfordLd 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
23 STX PO 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
24 Ultro 22 Oct 2007 ((Fibonacci retracement around 38.2% ))
25 AdvaHldg 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
26 AnnAik 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
27 Ascott 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
28 Asia Env 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
29 AsiaPharm 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
30 C&G Industrial Holdings 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
31 China Sky 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
32 CHINA SPORTS INTL LIMITED 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
33 China XLX 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
34 Dutech 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
35 FUJIAN ZHENYUN PLAS IND CO LTD 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
36 Hongguo 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
37 Jiutian 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
38 Manhattan Res 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
39 MapletreeLog 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
40 MiddleEastD 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
41 Ouhua 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
42 Parkway 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
43 SingPost 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
44 StarHub 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
45 Superbowl 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
46 Tai Sin 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
47 Wing Tai 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
48 Yanlord 22 Oct 2007 ((Fibonacci retracement around 50.0% ))
49 AllcoReit 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
50 BakerTech 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
51 BeautyChina 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
52 China Sun 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
53 ChipEngS 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
54 Contel 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
55 ETLA LIMITED 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
56 HLN Tech 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
57 Ho Bee 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
58 Hongwei 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
59 JK Tech 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
60 KingWan 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
61 Midas 22 Oct 2007 ((Fibonacci retracement around 61.8% ))
62 TianjinZUS$ 22 Oct 2007 ((Fibonacci retracement around 61.8% ))


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

Treacherous Market

Broad market showed weakness after lunch and many finishes off their highs. Now this trading pattern is very different from how we traded from 2006 through to 2007. Infact the last 3 weeks, market seems to be hitting invisible wall but yet unable to plunge. Screening through the market, there are still some individual stocks who showed strength. A quick check on STI saw that the RSI and 20SMA is supported and just yesterday we rebounded from that level. However there is a slight negative divergence on the weekly chart. So long daily chart holds, this divergence should be able to negate. Although market was down today... 2 of my stocks rallied. So long my stocks stayed up, market can swing all it wants! :D haha

Something about JiutTian, they are going to issue the warrants with strike price at 80cts. With current market price trading at low 60s, this warrant will only have time value with almost no premium since it's so far out of the money. I personally think the risk/reward favours. Well it all depends how much does the warrants trade. Furthermore, it looks to me a chart base is forming. My favourite characteristics are there.

Tonight, I'm going to share with you my own set of XPertTrader screening rules. These are the stocks i will study in more details tonight.
GrowMoney Quickpicks
1 AdvSCT 18 Oct 2007
2 China Hong 18 Oct 2007
3 Datapulse 18 Oct 2007
4 Epure 18 Oct 2007
5 Fung Choi 18 Oct 2007
6 Pan Hong 18 Oct 2007
7 SembMar 18 Oct 2007
8 SunVic 18 Oct 2007
9 Superbowl 18 Oct 2007
10 Tat Hong 18 Oct 2007
11 TianjinZUS$ 18 Oct 2007
12 UOB-KayH 18 Oct 2007

Get your own weapon in the market today! Feel the power of empowerment! Get XPertTrader today!

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

Reading multiple time frame

Let me start tonight's blog by sharing one of my methodology of Technical Analysis: Analysing multiple time frame.


SeeHS on the weekly chart, a classic rising wedge has formed. Why classic? Because the volume is declining just like a textbook rising wedge. My own interpretation of RSI current shows that the weekly price chart is under selling pressure. If price close near the lows on the weekly chart, my CFD is ready... keke Today I was abit more hardworking and walked over to finally get the account ready after months of talking about it. What I don't like is the cost of finance which stands at 4%...


The daily chart of SeeHS paints a totally different picture. Oscillators showing oversold, bullish engulfing pattern is formed based on last trading day and of course, I was attracted to this stock because of my daily XPertTrader screening rule, MacDHistogram signal. Looks like coming days we may see higher price for SeeHS.

No follow through in selling! Hurray! For a moment, I thought market is going to teach me a lesson for being too opinionated. I noticed many stocks finish the day closing away from the lows. Tonight, I am interested to know all the stocks that behave this way. How am I going to do that? : ) Using XPertTrader, I screened and found 35 nice hammers. Just by a click of a button! It cannot get more simpler than this. Tonight I shall share this list with you.

ChartNexus XPertTrader Screening Results:
No. Stock Name Triggerred Date Triggerred Rules
1 AdvSCT 17 Oct 2007 ((Hammer))
2 Ascendasreit 17 Oct 2007 ((Hammer))
3 Asia Env 17 Oct 2007 ((Hammer))
4 BakerTech 17 Oct 2007 ((Hammer))
5 CapitaComm 17 Oct 2007 ((Hammer))
6 Celestial 17 Oct 2007 ((Hammer))
7 ChinaAOil 17 Oct 2007 ((Hammer))
8 ChinaFish 17 Oct 2007 ((Hammer))
9 ChinaKangda 17 Oct 2007 ((Hammer))
10 ChinaMilk 17 Oct 2007 ((Hammer))
11 CITYDEV 17 Oct 2007 ((Hammer))
12 CourageMa 17 Oct 2007 ((Hammer))
13 DBS 17 Oct 2007 ((Hammer))
14 Ellipsiz 17 Oct 2007 ((Hammer))
15 Enzer 17 Oct 2007 ((Hammer))
16 GuangzhaoIFB 17 Oct 2007 ((Hammer))
17 HG Metal 17 Oct 2007 ((Hammer))
18 Hiap Seng 17 Oct 2007 ((Hammer))
19 Jade 17 Oct 2007 ((Hammer))
20 KS Energy 17 Oct 2007 ((Hammer))
21 LC Dev 17 Oct 2007 ((Hammer))
22 Lian Beng 17 Oct 2007 ((Hammer))
23 Man Wah 17 Oct 2007 ((Hammer))
24 OKP 17 Oct 2007 ((Hammer))
25 OrchardP 17 Oct 2007 ((Hammer))
26 Ouhua 17 Oct 2007 ((Hammer))
27 Parkway 17 Oct 2007 ((Hammer))
28 Pine Agritech 17 Oct 2007 ((Hammer))
29 RafflesEdu 17 Oct 2007 ((Hammer))
30 SembCorp 17 Oct 2007 ((Hammer))
31 SingHldg 17 Oct 2007 ((Hammer))
32 Sinwa 17 Oct 2007 ((Hammer))
33 SPH 17 Oct 2007 ((Hammer))
34 SuntecReit 17 Oct 2007 ((Hammer))
35 Synear 17 Oct 2007 ((Hammer))

XPertTrader is not just a software... it is a lifestyle choice... with it, you are spoilt for choices of what you can do. It saves time and makes analysis fast, simple and efficient. Our job as a trader is to analyse charts and identify the next opportunity. It's your choice if you want to run or walk in trading. I have chosen to saves precious time. 3 easy steps each night..... Start XPertTrader, click Stock Screener, click Start Screening. The next golden opportunity is just a click away!

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

Red Army Perished?

Massive selling! Looks like I may be wrong about china plays as they were sold down in tantem today. Contra players and weak holders should already be shaken out last two weeks. Today's selling may be the final washout. I am observing we are near oversold levels and yet at the same time many of the China stocks are still seeing strength, trading at overbought levels. Key support levels are still holding. I think I had been reminded many time through my XPertTrader screening, there are hardly any quality stocks that I see leading the rally. Anyway, with 19th Oct the dreaded anniversary drawing near, I will be careful incase the market really celebrate it by selling down. Also, 17th Oct is a bradley turn date. Now that we have been sold down, perhaps we turn up instead of down? :P Tonight must check with Zhuge Liang who is master for astrology analysis.



All is not lost for Xiao Hong. Trading at a level which is attractive to pick up. The above chart shows how resistance may become a support. This line has supported the price once. Today it did again refusing the price to close underneath it. This technique is part of the many strategies taught in ChartNexus Technical Analysis Course, you may find more details at >>> http://www.chartnexus.com/events/details.php?eid=1138 . This course has been hugely successful and the time limited introductory price is very attractive which comes with 3 months free of XPertTrader. I urge you to take advantage of this package and learn how to take care of your money in the market today!

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

QDII Fun no more

My opinion of a short term pause in China plays was short lived as we goes into third week of wilderness. They were trading in a tight range without going higher or significantly lower. Their counterparts in HK and Shanghai were so much better. My opinion remains for now that the play will rotate back into China plays unless PRC government make some unfriendly comments about QDII fund. I was never convinced that China's interest rate hike will affect the price. This is because it is widely anticipated and should have been priced in. The current frenzy in Hang Seng and China reminded one and all about how Nikkei rallied to 30k in the 80s and they too were in self denial when warned about the bubble. They said, "This time its different". From a high of 30k, it then went as low as 8k after the bubble burst. The same is said of China this time round. I heard many people said the 4 dreaded words...."This time its different" Olympics, China market cannot margin, cannot contra... With so many warning signs around, markets at all time highs, indeed we ought to be more prudent. My strategy for now will be to observe my buy signals that comes along and I want to see quality stocks moving versus the wild random price spike now.

Growmoney quickpicks
Allgreen
BerlianLaju
F&N
Federal
Full Apex
Netelusion

GrowMoney Growth Fund
HLH
Jasper
LC Dev
Ausgrp
YangZhiJiang
Jiutian
ChinaHong
ChinaWheel

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

Right Time, Right Place

Like I always advocate in my course, keep things simple. The truth is, the simplest Technical Analysis will work. In the example above, when Hiap Seng was being sold down, it caught everyone by surprise. It was the only oil gas company that was being sold when we see a broad market rally. Armed with just an oscillator (RSI) and classical T.A, I found a "growmoney line". This is nothing more than a trendline which i drew. keke In 2006, I give all time high a name, blueline...so here we go, another new name! :D haha My perceived support was about 80 cts, and I found 200 SMA trading nearby, fibonacci 61.8% was near too and last of all, my growmoney line. Even a gap support is nearby. I drew a conclusion that this must be a very strong support. There is no guarantee that I will be right that this stock will hold at my perceived support. Fear about it going down after buying? What if it goes up and I don't have a position? All I need to do is to put in a position size that is subjected to my money management rule. The GOLDEN RULE is, when i am wrong, i lose small, but when i am right, i win big big. Dare to pull the trigger! The longer i am in the game, the less feels i have for wins and losses. I was trained to focus on the craft and not the money. The old saying goes like this, "You get good at what you are doing, money will take care of itself".

I anticipate red chips play to be back this week. Most of them are forming flags or what we call short term price patterns. This week i will be pretty tied up at work, 1 workshop and a seminar at SGX happening. Hopefully I don't miss the breakouts!!!

There are so many stocks listed in the market, why Hiap Seng??? I am no superman. I just had a great companion in XPertTrader. I ran one of my rule to screen for stocks trading near Moving Averages for support. Hiap Seng came up. : )

Free online tutorial about Trading Moving Average can be found here >>> http://www.chartnexus.com/support/tutorials/xperttrader/CaseStudy_MA.php

I saw a couple of request for the mandarin version of T.A training. I think it is about time, I should help the chinese educated community. Let me see if can slot in a 2 hrs introductory special in December and close this amazing year at a high!

GrowMoney Growth Fund
HLH
Jasper
LC Dev
Ausgrp
YangZhiJiang
Jiutian
ChinaHong
ChinaWheel
HiapSeng

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

Fair Game?

EI-Nets has a great trading day where it's volume and price shoots through the roof. SGX queried as per SOP and the company replied in a so standard fashion that is all too common....they are not aware what could have caused this. Remember this stock, according to past experience, weeks later it will be in the open what caused this unusual trading activity. Stock Market a fair game? I doubt so. keke

It was good to see late buying. Although late buying is typically good, it could also be due to shorts covering. Today I picked up one more stock, Hiap Seng. Interestingly it is trading near the 200 DMA while the rest of the oil & gas play are still firm. My view is fundamentally is sound, technically it's ugly. I remember their contracts are up to the brim. Hence I am trading my opinion on this stock. If i'm wrong, I will bite the bullet.

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

Portfolio makeover

A perfect chance for me to load up more red chips as the market took a pause today. I think it is largely affected by the -700 closing on HSI. HSI have a big gap near 27,200 for support. It could test this. Over the last 2 days, I cashed out of Genting and Adv Hldg to take up ChinaHong and ChinaWheel. Holding on to Genting and Adv Hldg to me was opportunity cost and of course i be badly exposed to market risk should i not reduce some positions before adding. Anyway, pulling the trigger is easy for me because I already had the plan in mind on Monday. When the time comes, i only have to act. The price actions of my china plays must be firm or more upside by Friday.

Do not hesistate to join our seminar at SGX Auditorium where I will be sharing on how to trade effectively with Fibonacci. What's more, look out for ChartNexus special promotion! Register at http://www.chartnexus.com/events/details.php?eid=1133

GrowMoney Growth Fund
HLH
Jasper
LC Dev
Ausgrp
YangZhiJiang
Jiutian
ChinaHong
ChinaWheel

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

Hail the Red Army !

China funds may flow into Singapore! I really hope our china shares go crazy just like what happens in Hang Seng. The last time the market interest is so strong on China shares is probably in 2006. The other best time was in 2004-2005 season, fwah!! That was when 1 china stock cheong, the rest will follow ! It makes making money looks easy. However this time round, the gains are more spectacular. By the way, the money is not in yet... hahaha Imagine on 15th October, China Govt say, NO! Money will not go out... we shall see how all the gaps will be covered! keke Well... just be more careful and prudent. I would love to see intra week weakness..that will be the greatest chance to load up again.


Today I picked up Jiutian during intra day pull back. I only have 1 China stock in my portfolio and it is simply not good enough! Hence I searched high and low, flipped through many charts... before I selected my trade. A number of observations that i made, on 21st Sept 2007, my trading system using XPertTrader picked up JiutTian, it broke it's all time high...blue line theory... those from my technical analysis course, check out my trading protocols in the first section of the course notes. And finally, we know most of the china stocks will go up the charts, however some will crawl some will fly... hence i had to choose the one that fits best into my stock selection process.



C2O Hldings, 1 of the stock that was discussed in the 2 day ChartNexus Technical Analysis course. Wooo la la, the kind of base characteristic we like.... pennant formation which fits into the time essence very well. Classic chart to trade on.


By the way, don't miss the next Technical Analysis Course scheduled on 20th Oct. Limited seats left! Huat arh! Come, come learn the art of interpreting the charts to forecast the future!


Enough of Red Army.... amidst the chaotic red army rally, construction and oil gas sector quietly joined in the fun as well! It will be wonderful if they continue to move up tomorrow!


GrowMoney Growth Fund
HLH
Jasper
LC Dev
Adv Hldg
Ausgrp
Genting
YangZhiJiang
Jiutian

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

守得云开，见明月

Just as the title of tonight article suggest, patience was rewarded sweetly. After being frustrated by the market for no less than 3 weeks. The rotational interest went to the mid caps and also oil & gas sector. This round, I managed my emotions very well. Instead of acting out my emotions in the market, I fired away on the keyboard on Monday night. Managing one's emotions is very important in trading. I never forget, other than T.A, money mgmt and psychology are the pieces to the jig saw puzzle. I would have made the same mistake of the yester years should i have sold just because the stock doesn't move. All the expensive lessons of the past has served me well.

I went on a shopping spree today and bought Genting alongside YangZhiJiang. With 5 stocks in my portfolio, i won't be in a hurry to add more. Instead i'll be looking to harvest. Genting's resilience caught my eyes and YangZhiJiang had a chart formation breakout known as inverse H & S.

My Malaysia counterpart Mr Justin Tan will be kick starting a series of Technical Analysis workshops in collaboration with theStarOnline in Kuala Lumpur. If you are trading the Bursa, you can check out the details at www.chartnexus.com/events . For Singapore investors, our next date with you will be at SGX Auditorium, details can be found at http://www.chartnexus.com/events/details.php?eid=1133

Screening results from GrowMoney Trading System shows at least 25 stocks. The market looks likely to extend its gains. I be watching any follow through buying.

If you notice i haven't been talking in the shoutbox recently....something is bothering me... why is that a powerful and simple to use software which is affordable to the typical retail investor isn't selling like hot cakes? I am indeed a poor salesman. No matter how I showed that trading system can be easily downloaded from the Library for a quick start, or how easy it is to look for buying or selling opportunities once you have your rules defined in the XPertTrader. Long time ago when I was still using "X" charting software, I had to flip so many charts everynight to determine what to buy sell. Eversince I adopted ChartNexus XPertTrader, things got so much simpler! Everything I wanted to know about the market can be retrieved by click of a "Start Screening" button. Anyway, i will try harder to show how great a companion XPertTrader is.

Quiz of the day, there is one obvious sector that had gone quiet for quite sometime.... time to tikam?

Also if you are interested to learn about short term price pattern trading techniques, i am invited to speak at next month's Smart Investment and International Expo 2007 happening at Suntec City. You know what's the best part? Admission is free!

GrowMoney Growth Fund
HLH
Jasper
LC Dev
Adv Hldg
Ausgrp
Genting
YangZhiJiang

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

Frustrations

Over the last few weeks, i revisited one of the most torturing emotion known as frustrations. This feeling stems from being able to get the market direction right and yet the portfolio didn't generate any profits. The worst thing to do when emotion gets the better of me is to trade on impulse. The great Livermore said, when you are trading, it's important to have a stable emotional state and inner peace is very important.

The wrong thing to do is to cut my positions just because they frustrate me. This is because from the charts, the critical supports have not give way. Nothing on the T.A side i had done wrong. I conclude that i was too early in the sectors i bought. Was it too early or am I proven wrong by the market? Also, to miss the banks and properties rally, i have only myself to blame. Yes, no one else, not the market, not the chng kay but myself. Because i was slow to react. I DID NOT pull trigger. I was retarded!

If anything, the way i saw all the bad FA companies rotate to rally, again seems like warning sign. MEdia Ring???? Got sala or not??? then again many breakouts no follow through. A friend reminded me end of Sept liao.... fund may be dressing up until nice nice.

Also, i cannot stand the magnitude of HSI going up north. It's ok to go up but not when it's without me!!!! Again here i was retarded! A strong word but yes. I took too much time in reading the market and didn't pull the trigger.

With a strong Monday, tomorrow and Wednesday i will be looking for weakness followed by firm actions.

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

Good Finishing

Last Friday's closing is a show of strength as we see broadbased buying. Lian Beng closed significantly higher and many of the construction plays came back roaring. I too observed buying interest across the board. Construction and oil & gas plays has been quiet for nearly 2 weeks after they came out of the rut strongest. Banks and Properties followed after rate cut. Then we saw baltic sensitive stocks STX and NOL rock the charts. Mid and small caps went sleeping. One by one, punters favourite came alive and often times it was shortlived. Banjoo, Jade...C2O, Atlantac... It made me very tempted to hunt for the next probable old flame and punt waiting for chng kay to push up.

I saw many stocks start to turn in my trading system. Good sign. I'm using a trend system and hence if i continue to see those signals coming up and those stocks keep going higher, it only means the market is trending higher. If I see those stocks with signals stop short in a trading range, i will know market is probably not going anywhere soon. I shall then do swing trading and not ride a trendless market.

If you havealways wanted to know about Fibonacci and it's application in trading, do not hesistate to join me at SGX Auditorium as I share with you practical trading experience with Fibonacci. Register at http://www.chartnexus.com/events/details.php?eid=1133 now!

Quiz: What does ChinaTranscom, Sunvic, UnionMet has in common?
Ans: Cessation of substantial shareholder

GrowMoney Growth Fund
HLH
Jasper
LC Dev
Adv Hldg
Ausgrp

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

A glimpse on indices

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

Market refuses to head lower

I decided to cut my Federal last Friday after a failed breakout. Today I cut my HSIPW after HSI did not follow through yesterday's selling. After monitoring the price actions for the whole day, it seems to me that it doesn't want to go down. At every dip, there is plenty of buyers. As I am buying the warrants, i cannot forget it is a wasting asset due to the time decay factor. If I had shorted the futures, then I can perfects trade my short position higher, or do a scale up selling.

My plan was to lift either my stocks or puts according to where the market is likely to head, when europe market opened steady, and hsi close firm, i had to lift my puts in favour of a positive reaction by the market tomorrow.

Another reason for lifting my HSIPW is that, I don't want to risk the upside due to a possible interest rate cut. Although I do not think cutting the interest rate can solve the problem, but who am i to go against the market? Rather than holding on to the put warrants and stand against the tide, I believe after this rally, we may risk a possible downside. I don't know how far can this rally goes, but since it's going up, i shall long until the market showed otherwise.

Plenty of banks are giving results this week in US. This is key to understand the impact of subprime or credit crunch.

Next week's Technical Analysis class is sold out once again and October's class is filling up. The current demand for Technical Analysis knowledge is just amazing. This sets me thinking, with more and more retail investors knowing how to avoid risk, can this bull run be more sustainable than we thought?

I will also start to kick start a series of Technical Analysis training videos. As you can see, the first on Fibonacci has been posted. I hope to help in a small way. Every week, i will upload a new training video hence stay tuned! : )

GrowMoney Growth Fund
HLH
Jasper
LC Dev
Adv Hldg

If Ah Ben really cut rate, reits, properties should benefit. Ausgrp was picked up by my Trading system.

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

No eyes see

With my stocks not going up, and HSI going against my trade strongly..... I stepped into Federal upon breakout and once again, breakout no follow through....

Under-estimating China Money

I had under-estimated the power of China money as Hang Seng finished new high once again. Seems like the word sell or profit-taking is not in the chinese dictionary. My short position is out of the money. It will be foolish of me to counter the trend. I will look to trade up my short position ahead of Fed's meeting. Also if the market refuse to head lower, I will be looking to add more stocks.

AdvHldg looks to be holding well with volume drying up. LC Dev, i don't like the way it failed at the breakout and once again there is no follow up buying in the sector. Infact this syndrome can be observed accross the market. Some glaring forgotten stocks like unionmet, sunvic, had an incredible run. Also, it seems like the market tone is firming up. I will be watching the next leg down since we are not able to maximise the gap up over the last 2 days. Gaps are very powerful as it marks th strong conviction of the market participants. If 2 successive gap ups unable to propel market higher, i must be prudent.

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