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China Sport

It breaks through 0.135 support. Confirm it is a "gravestone doji" or we call it "evening star".

 

Hi Bintang, dealer0168, fartist,

Thanks for the valuable info. See, one more new thing learnt. The "gravestone doji", abit scary.

Wow dealer0168, you still water run deep. kowtow u. So got to see tomorrow how it goes.

 

newtothis.. any comments? anyway, stop loss would be at .13.. 

 

Hi , dealer0168 , right or wrong , you are respected .

 

Yup a discussion, hope to know more. Anyway , emm i don't thk it is a Bearish Gravestone Doji.

Will know tomorrow.

Hope tomorrow STI index trading in positive, cheer.

Bintang      ( Date: 07-Jul-2009 22:06) Posted: Yes , dealer0168 , I hope that u r right , n I m wrong , for I have not hold any position . Good discussion . dealer0168      ( Date: 07-Jul-2009 21:50) Posted: Hi Bintang as per fartist say, the Bearish Gravestone Doji Pattern is a top reversal pattern n It should appears during an uptrend representing a possible reversal of trend just like its cousin Bearish Shooting Star Pattern. Anyway see tomorrow opening if it is below the Gravestone Doji. The larger the gap the stronger the confirmation that it is a  Bearish Gravestone Doji . Btw am i right?

 

Yes , dealer0168 , I hope that u r right , n I m wrong , for I have not hold any position . Good discussion .

dealer0168      ( Date: 07-Jul-2009 21:50) Posted: Hi Bintang as per fartist say, the Bearish Gravestone Doji Pattern is a top reversal pattern n It should appears during an uptrend representing a possible reversal of trend just like its cousin Bearish Shooting Star Pattern. Anyway see tomorrow opening if it is below the Gravestone Doji. The larger the gap the stronger the confirmation that it is a  Bearish Gravestone Doji . Btw am i right? Bintang      ( Date: 07-Jul-2009 19:48) Posted: If we still in doubt that yesterday 's closing isn't a candle which indicates the down trend , then today 's candle at closing has already given the confirmation . Today 's candle has a very uncomfortable name , called GRAVESTONE DOJI , It is said that those who bought at a high price level after this doji will die and become ghosts .Those familiar with candle patterns will know how this doji is part of a classic evening doji star pattern.

 

Hi Bintang as per fartist say, the Bearish Gravestone Doji Pattern is a top reversal pattern n It should appears during an uptrend representing a possible reversal of trend just like its cousin Bearish Shooting Star Pattern.

Anyway see tomorrow opening if it is below the Gravestone Doji. The larger the gap the stronger the confirmation that it is a  Bearish Gravestone Doji .

Btw am i right?

Bintang      ( Date: 07-Jul-2009 19:48) Posted: If we still in doubt that yesterday 's closing isn't a candle which indicates the down trend , then today 's candle at closing has already given the confirmation . Today 's candle has a very uncomfortable name , called GRAVESTONE DOJI , It is said that those who bought at a high price level after this doji will die and become ghosts .Those familiar with candle patterns will know how this doji is part of a classic evening doji star pattern.

 

Sports will go up. Hold your Shares. Its only matter of time.

 

As compare to the peak , this is bottom zone , but if compare to the rock bottom of only 7 cents , then 21  cents may be is the short term high . If the market correction won't last long , may be  this counter could make a key reversal , then those ugly candles could be overcome .

fartist      ( Date: 07-Jul-2009 21:12) Posted: Correct me if i'm wrong but the gravestone doji is of significant when the stock price is at it's top. When it's at the support level i don't think the significance is as great though. Bintang      ( Date: 07-Jul-2009 19:48) Posted: If we still in doubt that yesterday 's closing isn't a candle which indicates the down trend , then today 's candle at closing has already given the confirmation . Today 's candle has a very uncomfortable name , called GRAVESTONE DOJI , It is said that those who bought at a high price level after this doji will die and become ghosts .Those familiar with candle patterns will know how this doji is part of a classic evening doji star pattern.

 

Correct me if i'm wrong but the gravestone doji is of significant when the stock price is at it's top. When it's at the support level i don't think the significance is as great though.

Bintang      ( Date: 07-Jul-2009 19:48) Posted: If we still in doubt that yesterday 's closing isn't a candle which indicates the down trend , then today 's candle at closing has already given the confirmation . Today 's candle has a very uncomfortable name , called GRAVESTONE DOJI , It is said that those who bought at a high price level after this doji will die and become ghosts .Those familiar with candle patterns will know how this doji is part of a classic evening doji star pattern.

 

If we still in doubt that yesterday 's closing isn't a candle which indicates the down trend , then today 's candle at closing has already given the confirmation . Today 's candle has a very uncomfortable name , called GRAVESTONE DOJI , It is said that those who bought at a high price level after this doji will die and become ghosts .Those familiar with candle patterns will know how this doji is part of a classic evening doji star pattern.

 

Wait for the buy signal. Don't rush in unless u are a "commando".

Laulan      ( Date: 07-Jul-2009 14:11) Posted: China Sport is poised for takeoff from my observation.  I tried to queue last week at 14 cents but did not get a single lot.  Yesterday has a chance and today I could not buy as my budget for short term trading is used up.  Dared not take the challenge because my broker is fast with deducting my giro. waynekwek      ( Date: 07-Jul-2009 14:05) Posted: What has caused the low volume today? Why has investors lost interest when I see many posts here saying this is a good counter? Does this indicate that the price of this counter will not pick up in the next couple of days? Any comments?

 

That's right.

el7888      ( Date: 07-Jul-2009 16:10) Posted: I think you would agree with me that volume leads price during rallies. It is normal for volume to expand with rising prices and contract with declining ones. Anything to the contrary is abnormal and warns of an impending trend reversal. Example: if prices move higher and volume goes lower. It is a warning sign that the price is about to go to the downside.  pilotfish      ( Date: 07-Jul-2009 15:52) Posted: If volume pick up slowly in line with price better still. Sudden surge in volume --- good or not?

 

I think you would agree with me that volume leads price during rallies.

It is normal for volume to expand with rising prices and contract with declining ones. Anything to the contrary is abnormal and warns of an impending trend reversal.

Example: if prices move higher and volume goes lower. It is a warning sign that the price is about to go to the downside. 

pilotfish      ( Date: 07-Jul-2009 15:52) Posted: If volume pick up slowly in line with price better still. Sudden surge in volume --- good or not?

 

If volume pick up slowly in line with price better still.

Sudden surge in volume --- good or not?

 

We are at "Wait and See" state. Buyers are not enthusiast enough to pick up the stock.

Duirng bullish trends it is nornal for volume to lead the price.

 

I like it to "cheong" but I never say it will "cheong" now. Read my posting clearly....

free me first

 

my TA view same as bintang. SP will not cheong at the moment..

Bintang      ( Date: 07-Jul-2009 14:17) Posted: You must differentiate between  the volume done is the  buyer Q to buy or straight away buy from the seller , or the seller Q to sell or straight away give to the buyer . That wii be a great mistake if do not  find out . In   fact there is an indicator for this . pilotfish      ( Date: 07-Jul-2009 13:49) Posted: I agree that volume plays an important role esp with the amount of share floating in the public. The most important thing "learn through critique for improvement". I have to quote HongX as an example: March 12 2009 Volume is high but much lower than the recorded high and price pickup. Why? Positive divergence. May 26 2009 HongX has a recorded volume. The share price shoot up. The next day price trumble. Why? Negative divergence. You want another example?

 

Sorry which indicator u are referring?

I don't use too many indicator. " Too many cooks, spoil the soup"

Normally I use 2, the most 3. Divergence is detected with end of day data.

Significant can only seen after a divergence.

In my earlier post:

"One thing for such, if u have observed the market, is that with a negative divergence price will come down pretty fast. Unlike positive divergence, price usually will take a longer time to rise esp with external factors and human psyschology."

 

You must differentiate between  the volume done is the  buyer Q to buy or straight away buy from the seller , or the seller Q to sell or straight away give to the buyer . That wii be a great mistake if do not  find out . In   fact there is an indicator for this .

pilotfish      ( Date: 07-Jul-2009 13:49) Posted: I agree that volume plays an important role esp with the amount of share floating in the public. The most important thing "learn through critique for improvement". I have to quote HongX as an example: March 12 2009 Volume is high but much lower than the recorded high and price pickup. Why? Positive divergence. May 26 2009 HongX has a recorded volume. The share price shoot up. The next day price trumble. Why? Negative divergence. You want another example?