Since everyone is almost bear.. time for me to cover shorts and go LONG!

1310 is nice pivot point. I'l put a stop at 1300.

The key to play this game is not how well you can hold the pain.

This game is NOT for the novice. It is no longer for the aunties and uncles where they can
hoard around the remisier counters or nowadays trading forums and ask for tips on what to buy, and "hope" for profits later.

The big boys know how much stocks they've sold, how much pain the small guys can hold and how much money at stake.
When the market turns against them, little guys just throw up and ran away and never come back. Like I'm seeing most players here in this forum.

Like I've said over and over again..it is how to manage your risk.

Wow.. seems like a porn scene from your description.

Anyway, I don't see any shortsqueeze here.. just that bears are resting now to give bulls a chance to recover after the slaughter from last week.

My short term longs tonight are working nicely..playing with house money now taken from the bear raid from last week.

It better 'coz I'm long now.

Moving stop higher.. need to see it goes above 1357. Let see how strong the bulls are today else
we'll continue to blame the bulls for this weak market.

This post has been edited by danmooncake: Sep 27 2011, 09:42 AM

Going to hit my sell soon.. the bulls are really weak here.

Come mon bulls.. show us what you got...

The bears are laughing at you!!!

No. I think the local investors are weak! The foreign players have exit the game, local investors are scare to play by themselves. The game being dominated by local sharks who continue to punish the little guys.

The close of higher than 1357 is what I was looking for, the bulls didn't disappoint after all.

This is a confirmation to ride up for those late comers.. load 'em up boys and girls.

No, like I've said. I'm LONG now since Monday! I want KLCI to go up!

Thanks to those weak hands for the past two weeks, I got the house money to play the long side now.

Now it is BUY BUY BUY!

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Added on September 27, 2011, 8:56 pmMy near term target is 1410-1425 area, this is where I will lighten up.



This post has been edited by danmooncake: Sep 27 2011, 08:56 PM

LOL! No, I'm bullish now because those foolish analysts in the local business papers are beginning to sound bearish!
That's the sign. I just trade against them. It seems to work.

This post has been edited by danmooncake: Sep 27 2011, 08:59 PM

HSI ?

I would use the US market as derivative to trade Hong Kong shares.

For example: FXI, EWH

Just exactly how I shorted Malaysia's KLCI the last two to three weeks. I use EWM and MAY.
No need to worry about short selling restriction in Bursa.

Yes.

If KLCI dives to 1275 tomorrow, even BEARs will be scared.., so, I don't think so.

We need the dead cat bounce back up to the 20dma line.. near term price target: 1410-1425 area.
Hopefully, the bulls are hungry for more green shoots or green bears like me.

In that case 1375 should be easy.. if bulls can't reach 1375, then we need to punish them even more during the next down cycle.

Never fear.. buy this dip!

Bulls.. better hold that line at 1340.

You know why we drop at open?

It is call SHAKE that tree game.

Weak hands holding shares will drop.. they will grab your shares.

That's how the big boys controlling the market play this.

Now, hang on to your seat belt. Watch that support line, push the bulls to move this up!

Good luck to all!

This post has been edited by danmooncake: Sep 28 2011, 09:39 AM

I'm long both actually.

As for US ETF, EWM will follow KLCI the next trading session but also affected by somewhat
SP500 movement at times.

The benefit trading of EWM allows me to long and short at the same time as hedge play.
As long it moves and form a nice pattern (whether up down or sideways), I can make money.

This post has been edited by danmooncake: Sep 28 2011, 10:05 AM

Nice.. keep cheering for bulls to move this up. Need to get over 1377, then momentum play will take over later.