Archive for October, 2008
Are you ready for a 100% return trade?
I’m not kidding. This is the trade to make back your past losses. The HK market is ripe for a huge rally. Today, Oct 31, 2008 is a Halloween treat to all patient and hardworking chartists out there.
Chalco is very much in accumulation mode. This [...]
Here’s what I believe in. The markets these days are gyrating so wildly that in order to preserve capital, I’d rather stay out rather than take up risks. Whether as a trader, or as an investor, I’m confident that my cash is better. However, I would advice that intraday trading is possible. You can do [...]
We know what panic selling is. It’s selling anything you have just so you can get some of your money back without even thinking about the losses. This is normally triggered by extremely bad news in the market that is enough for everyone to want to get out of their positions at the moment, no [...]
Things have taken a turn for the worse. We already broke through the 2000 psychological support level and the PSEi still hasn’t stopped dropping like a brick.
The DJIA has been trying to revive its own market but to no avail and it has dragged down everyone along with it, including us. The MACD of the [...]
Recapping the highlights of the previous week:
Treasury Secretary Henry Paulson said that banks receiving investments from the government are expected to loan the money out to spur liquidity. He said just do it! Do I hear copyright infringement?
Big job cuts [...]
For now it should have been known to you that the US Dollar performed its ultimate 2-day super jerk-off ever against its major counterpart (the Swiss, Euro, Pound, Au Dollar, NZ Dollar, Looney, Mickey Mouse Money etc). So where do we go from here? If there will be more selling and liquidation then we should [...]
There’s still no leads to when this market is going to turn. Even after better than expected quarterly earnings, economic concerns still hounds the market.
The local market continued to go down as it follow the world markets, driven by fear and liquidation by international and local funds as they move from equities to bonds.
I don’t [...]
I should note a warning especially for readers who follow my ideas in this treacherous market to rigidly stick to your cut loss levels. When the market is not agreeing, take profits (when you’re still up) or square off with as small a loss as possible.
Just as I had written that I went [...]
Don’t be fooled. It was a given for traders that when the Hang Seng market failed to hold its support levels, we would fall further into the abyss. The relief rally was good for only two days. The intraday chart pattern shown below states that the market could fall to 13,600. However, we have even [...]
Fear is still in the US market even after 3M and Apple, Inc. posted better than expected earnings for the last quarter. The DJIA closed at 9033.66; shedding another 231.77 points. Volatility remains high as the intraday chart showed that index wanted to rally above the previous close. But by the last hour, the bears [...]