Wow, this sure is a long discussion. Heck man, those still believing in buy-and-hold gonna go down memory lane...dinosaurs' way you know. Ever heard of HFT? Sure you have. They're going from femtoseconds to attoseconds now....40 years?? Ah, just for some enlightening readings, please see Veryan Allen's @:
10-Apr-2010 11:26 PM
I suppose theres nothing wrong with making predictions based on TA as long as they are supported with well reasoned justifications. The other members can always check on the justifications and compare them against their own readings of the charts, and give comments if they think they need to. Its one way for others especially the newbies to learn. It make the site more fun too.
Tips is a different animal altogether. How do you check their veracity? Better go without them, unless you're a waiter in a restaurant...hehe!
18-Jan-2010 6:03 PM
Are you guys loading up on KPJ? Tomorrow's the last day to do so before the "BIG BANG" next week! Pretty exciting, eh?
30-Dec-2009 9:30 PM
Ahhah....some death cross, soon turning into a golden cross. Lucky I can't short the stock, otherwise I would be nursing some burnt fingers this afternoon...whew!
30-Dec-2009 9:20 PM
Lets analyse the chart: The SMA20 is turning up while the stock closed (at 0.65) above SMA50 today. These are good signs of a possible uptrend starting out. But the fact that it also closed above the upper Bollinger band could somehow negate the push by the bulls. If it does climb (or crawl more like) up, it has to take out the resistances at 0.66 and 0.69 before going further up. The MACD looks favourable. The RSI still has some room to go, upwards-wise. The stochastics looks a bit suspect. So, be alert to the possibility of a new uptrend with some downside risks still present. Lets see if this view worth 2 sen or none at all....hehheh!
28-Dec-2009 9:20 PM
Definitely not all, not even the components of the KLCI itself - some go up, others go down. When these individual movements were averaged out, taking into account each of their weightage, then you get the value of the index. So, the KLCI can be going up when some of its components stocks were going down.
There was some observable followings among non-component stocks to the old KLCI. Then I would wait for the KLCI to bottom out before buying certain stocks which promptly followed the KLCI upward. But not this new KLCI. I have been misled several times, when the KLCI surged up, but the stock I bought failed to do so, sometimes it even went down a few sens, instead.
28-Dec-2009 9:02 PM
Hey kind of missed the guy/s...LOL!! Now the place uncluttered, back to serious bizness...LOL again!
23-Dec-2009 10:05 PM
Right you are CYH1, its E&O. Also perhaps my SMA200 opinion reflects my risk tolerance. But then it doesn't matter here in Malaysia where as a small retail trader I can't short the stock anyway. The question now is, how far will it go down before turning up again? 0.40 again?
21-Dec-2009 6:29 PM
Forgot to mention: the SMA20 was crossing below SMA200 yesterday, 17/12/2009.
18-Dec-2009 12:22 PM
A death cross, just like the one in Oct2007? Another long downward drift? If only we can short this stock now.....!
18-Dec-2009 12:18 PM