TA experiencing panic selling.

dammit! i'm watching my unrealised profits crumble!
long way to fall to my buy in price though

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Added on July 29, 2009, 2:43 pmok who's holding lions.

ok, i've changed my outlook, market sentiment's gone really south. there's a lot of volume dumping today. my best guess is retail investors and contra traders all dumping. conspiracy theories suggest EPF's dumping to revise their positions.

speculate speculate

im waiting alam to come down .. sorry david

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Added on July 29, 2009, 2:58 pmif drop than drop more so i can accumulate more ..

lemme see

paper gained dropped 2% as compared to yesterday

very mild only, sometimes holding boring counters are sweet too

The US dollar index is testing resistance aka previous support. As you can see, the SPX is trying to test the inverse h&s neckline with RSI at 50 which shows tremendous support.

Like i said, this is a bull market, rather than a bear market rally. The main reason is,
Investors want the market to drop so they can buy before its too late. Those investors are "underinvested". So believe in your analysis, oil dropping at 4 dollars are a reaction of euro dropping like a rock along with a bearish inventory.

Good thing is, China will reduce fuel prices.

DB, i am not too sure if you received my newslettter yesterday but i did say its better to stay on the sidelines and wait for dips to long.

If you want to contra, you should wait for the price to fall close to near 10 sma, then purchase and then sell at 3 sma. (Applicable on high volume stocks only)

August 1st is Chinese PMI, so be very wary tomorrow and friday.

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Added on July 30, 2009, 12:32 amWill it be useful if i hold a technical analysis class for stocks and futures held at OSK HQ?

DB,

IT's all about buying when there's a panic selling, such as today when shanghai crashed. That was a good opportunity to daytrade some high volume stocks. For Tanjong, it's all about your timeframe, how long do you want to hold and do you feel comfortable buying at that PRICE?

Here are some tips that might help to identify a dip.

Contra play requires a very capable technical ability to identify short term oversold base on the timeframe you are using. Since contra is T+4 for some, it is highly advisable to only purchase stocks when 4 hr chart is oversold, with possible candlestick (inverted hammer, hammer, doji, piercing engulfing) Please use 2 technical indicators the most with moving averages as support and resistance.

IF you are a pure chartist, support and resistance  or (SR) and trendline are useful to identify possible entry and EXIT points.

IF i do hold a class, i will explain this in further details.

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Added on July 30, 2009, 12:52 amDB, if you don't do contra, please focus on the weekly and daily chart patterns, or technical indicators.

hm, not sure how OnG gonna hold out tomorrow.

Shell and ExxonMobil posts profit drops of 66% and 67% respectively in 2Q.

Crude Oil USD66+ 

The mad bulls of NYSE attacking again.. 
DJ rallying up 150+ 

Oil going back to $65, following stocks with weak fundalmentals.

Exxon (Esso) posted loss. missed earnings, lacking revenue.. but market still rallies.

People are buying like crazy.

The mad bulls of NYSE attacking again.. 
DJ rallying up 150+ 

Oil going back to $65, following stocks with weak fundalmentals.

Exxon (Esso) posted loss. missed earnings, lacking revenue.. but market still rallies.

People are buying like crazy.

Definitely Irrational Exuberance.

We are so top heavy, I'm expecting a nice pullback.. but just too many
dip buyers at the door.

The earnings are guided so low, most companies can beat 'em easily.

All "less bad" become "Recession is Over!"
This is pure madness!! I tell ya!

Everyone is taking ecstasy pill. By next quarter, reality may come in and say..
hey.. where's the earnings, where's the growth, where's the jobs?

Woit..u track my account ka ..50k to be exact..

Well, I only worry we will be suffering as there are rumours that US Govt is giving incentives for MNC to redeploy back to US. So if that is the case, I wonder how the unemployment in Msia would look like

Hopefully DB, hopefully...

if it go down, will use 100k at 80 cents and another 150k at 70 cents

LOL apa big shot, me kasi pagi, makan pagi, kais petang, makan petang fella. Sometimes no money eat yesterday's leftovers, haha.
Decided not to jump to CCB.

For one, I have just look at the charts, no research done. And i've seen that the counter is inactive most time of the year, so might have liquidity issue there.
And by the look of things, I believe people will Q like crazy tomorrow, so the price will soar, since the shareholders would rather keep the stocks for dividend than to realise their capital.

Hopefully it rallies.
If not, then Bursa is the only stock exchange that forgot to take via g ra.
But then, maybe it' already taken to much, OD, suddenly got heart attack, and terkulai di tepi jalan, haha.

Bursa, 

OT : Agree what ? That I'm not a big shot, that I'm a pauper ? Isy ini menimbulkan marah ! LOL