Another red hot day, is anybody ready with their elephant gun?

maih.. finance still among top losers

FGV laosai

when u said that i'm swayed to look into MAS too....however.....

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Added on September 11, 2012, 12:11 pmwith this uncertainty, nobody does..... all at the sideline, including me

This post has been edited by nasni: Sep 11 2012, 12:12 PM

Still queing for my prefer price..

think everyone jus waiting to drop further

hi, wonder if got buddy here waited so long for this bloodshed?
Keep bleeding till next month?

eyeing entry price for fav counters

when everyone talks about drop guess is time to buy some

it is good to buy and hold for MAS.. as you see CI dropping.. but MAS is still in a very very strong support.. hahaha if you buy MAS-CG the winning will be 50% or lose also 50% lol..

Me first time seeing all 30 KLCI counter red red one... No exception.

MAS has formed triple bottom, break the lowest dy. to complete the formation, it should be on uptrend by then.

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Added on September 11, 2012, 1:28 pmwhen US debt rating downgraded, every stock open with big gap downward and continue to rush down. This time CI looks like that but less sell down with no greater volume than before.

This post has been edited by primepeng: Sep 11 2012, 01:28 PM

ppl use to say double bottom then rebound. Now triple bottom already. Accept the fact, there's more bottoms to come for MAS

Formed triple bottom, break the lowest dy.
?
The last two bottoms were exactly on the money at 1.02. MAS 'broke' that low today. It touched 1.00 briefly before trading at low volumes to close at 1.01. The day(s) is still 'young', and we do not know yet if this 1.00-1.02 will hold. If it doesn't hold, then this bottom will be a much lower bottom. Can still call a triple bottom if this bottom is much lower?

Another simple question. Why buy MAS now? Do you foresee MAS to return to profits soon?

Those who traded the double bottom formation in early Aug, has just experienced a failed double bottom of play by now, unless the traders were swift enough to exit at 1.10.

My elephant gun is ready but the million dollar question is: Is this the right time to fire?

Especially since I'm already 77% stocks/23% cash, which means my cash % is already lower than some fund managers like AA.

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Added on September 11, 2012, 1:58 pmBloodshed is good news, even though I also bleed.

This post has been edited by Veda: Sep 11 2012, 01:58 PM

if it rebounds above or below near 1.02, and uptrend. look at the support at 1.00. will rise soon? will it form triple bottom?

The thing is you are basing it on 'IF'.
IF it holds or rebounds around this price, then of course a triple bottom play is an 'option'.
What if the current bottom forms at a much lower price?

then it's a double bottom. I was aware it break the bottom price. sentiment is not good enough for majority to buy to risk further downtrend despite a risky bet on the Fed meeting outcome i suppose.

This post has been edited by primepeng: Sep 11 2012, 02:59 PM

The amazing of TA is if u see triple bottoms and yet it is not the real bottom.

Like u hear news that QE 3 coming, and still not yet to be seen

for a TA player, we do not predict what is the chart going to be ...

we just look at the previous history.. and setup our trading plan.. follow ur plan...