Blog/Website:PracProphet @ tradeSignum
Investment Knowledge: Good
Intrested in: Technical analysis


Correct Prediction: 0
Total % Change: 0.00 %
Predicted: 2
I like to view myself as a pure technician. Prices do not lie, history repeats itself. The market is a gold mine and I am just going to dig dig dig :)
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[HWGB] HWGB Wave 2 Uptrend to Commence Soon

Elliot wave analysis perhaps....
7-Mar-2011 11:40 AM

[KLCI] KLCI outlook - 1st December 2010

[3rd January 2011 Update] Well it took a while but I guess it is worth the wait. Market successfully broke above the Nov 10 highs. The breakout was accompanied by pretty good volume too. There is no clear upside target as we are now in uncharted territory(fresh new historical high). The MACD seems to have some room to move higher as historically it is not overbought until +20 for the KLCI. Things are looking very good for the near future. Any pullback will be a good opportunity to add on to your (hopefully) winning positions.
4-Jan-2011 8:57 AM

[KLCI] KLCI outlook - 1st December 2010

[21st December 2010 Update] Just a quick update: Assuming that the low on 20th December of 1493 holds, we have just put in a higher low compared to 1474 few weeks ago. We seems to be putting in a symmetrical triangle formation over the past few weeks. It is very likely that the market will gather strength and break out of this formation to fresh new highs. The down sloping breakout line crosses around 1517 area. So, I am expecting some sort of attempt to breakout with good volume in the coming days.
22-Dec-2010 8:26 AM

[KLCI] KLCI outlook - 1st December 2010

We got our big bounce on Thursday away from the technical 'danger zone'. Friday was a consolidation day with just a small loss. We are now back above 50 sma line and the key psychological level of 1500. Things seems to be following the year end - pre CNY script. So far so good I would say... I've nothing more to add :)
6-Dec-2010 7:47 AM

[DRBHCOM] Apa berita dengan DRB

ya. Nampaknya saham ini akan cuba 'breakout'. Harga hari ini mungkin 52-week-high baru.
2-Dec-2010 3:50 PM

[KLCI] KLCI outlook - 1st December 2010

I'll continue to chart the market and discuss what I see for the market going forward in this new thread. As I've been saying for a while, the key level of 1477 remains important. We've touched 1477 area 3 times during this market correction and every time we have bounced and closed higher above this level, case in point: 1) Nov 24 we hit 1477 intraday low and bounced higher to close 1489. 2) Nov 29 we hit 1474 intraday low and bounced much higher to close 1496. 3) And more recently we once again touch 1478 yesterday just to finish strongly to recovered all losses by day's end. This confirms my believe that we have significant support at 1477 area. We simply fail to go below that level despite some pretty serious geopolitical shock waves(Ireland/Europe and Korea situation). I really like the recent action and I believe the consolidation is almost done. We should start to resume our uptrend VERY soon. Maybe as soon as today. This would be a good spot to enter the market or add to position as we have a well define stop out level, namely a solid close below 1477. For those that follow this discussion, I'll add to this thread periodically with fresh updates if I see any significant developments.
2-Dec-2010 5:25 AM

[KLCI] Ireland and Korea situation hurting market

Looks like KLCI is under pressure due to all these geopolitical problem. Events like this will test the strength of the bull market. We should watch how the index react near key technical levels. Perhaps 1477 level is once again back into the picture after all, especially if Europe's debt crisis worsen. If market slice through 1477 decisively, I'm going to lighten my positions... Let's see.
23-Nov-2010 4:12 PM

[KLCI] My KLCI Outlook

[Nov 20 2010 update] - Nothing much to add except that it looks pretty good now with today's green candle confirming yesterday's hammer reversal. The market is technically very strong. Looking forward to next week. :)
20-Nov-2010 1:04 PM

[KLCI] My KLCI Outlook

[Nov 19 2010 update] Since this discussion forum format is kind of messy, I'm going to reply to only the main thread :) (No offense tradesignum admins) As expected, we are in a mild down-sideways correction. The actions for the last couple of trading sessions spot very good looking candles(long legs), suggesting that the market is attempting to find its footings. Furthermore, volume is slowing down, which is always good and expected during any healthy corrections. I actually believe my previously cited level of 1477 likely won't even be challenged anymore. I expect market to resume it's uptrend within couple of days. So....very healthy correction and things are still looking good in my opinion!
19-Nov-2010 7:05 AM

[KLCI] My KLCI Outlook

Here is my take: Market finally got an excuse to correct in the past 2 sessions after an almost uninterrupted 3 weeks rally. This is very much expected for any healthy bull market. Now let's look at the key levels going forward. Immediately I want to see if we survive 1477(the lows of Oct 20th). If it does, we keep intact the "higher highs - higher lows". 1550 will be the next realistic target. However, if we breached 1477 decisively then I think we might go sideways with down biased to test the previous low of 1445(the lows of Sept 24th). In any case, with positive seasonality (CNY) + generally positive social-political environment (expectations of early GE13), I'm pretty comfortable with where we are heading in terms of the market. In fact, breaching 1477 will provide an opportunity to those that have missed the boat to jump on board. Happy trading!
15-Nov-2010 5:08 AM
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