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Yanlord showing it's ugly head :-) .... Managed to short CitiDev at 11.44.
As I anticipated, many counters form climactic top, shooting star and exhaustion gaps on high volume... The writings is on the wall and this time round I'll be going for the killing.
yeah. those that rallied are dollar plus stocks and pennies stocks which mean this rally will be the last rally before a big correction is coming. nevertheless. move where the market tells you dun counter trend
chartreader ( Date: 14-Sep-2012 15:00) Posted:
Commodities counters were battered badly and they had been the laggards ... Laggards usually rally the last, just before the market correction takes place. |
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Commodities counters were battered badly and they had been the laggards ... Laggards usually rally the last, just before the market correction takes place.
more or less that. left over will be the commodities counters to trade after the euphoria is dimmed.
US stock is good to trade so is HK stocks. can consider HK stocks if you wanna divest to other countries shares.
Bro, my bearish view still doesn't change. In my humble opinion SG market is under heavy distributions and this hasn't change a bit. I think we'll see many counters forming the climactic top patterns by end of today.
More and more I get to agree with some of my more experienced friends and traders that, SG market is not for investing. Except for a couple of blue-chips and defensive counter that pays regular dividend, one may be better off investing in US market.
The champagne has been popped and the market operators intentionally make everybody drunk with euphoria. The only thing left for next week will be just the hangover and it ain't be pretty.
didnt get kreit today. aim for comodity counters.
Shorting CitiDev
Thanks will take note -)
cashiertan ( Date: 13-Sep-2012 16:29) Posted:
I share the same bearish sentiment (as posted earlier in other thread) as you guys but i strictly follow my trading rules, discard sentiment and trade when signals is here to buy or sell or stop. KReit is for you guys to take a note of this counter wanna huat huat together.. lol |
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I share the same bearish sentiment (as posted earlier in other thread) as you guys but i strictly follow my trading rules, discard sentiment and trade when signals is here to buy or sell or stop. KReit is for you guys to take a note of this counter wanna huat huat together.. lol
it doesnt matter to me, i dun hold counter exit and take profit when i sense something not right or TP reached.
iPunter ( Date: 13-Sep-2012 16:22) Posted:
I would say sentiment now is tip-top due to impending QE with big-time bond-buying...
But how long the good sentiment will last is another matter... 
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I would say sentiment now is tip-top due to impending QE with big-time bond-buying...
But how long the good sentiment will last is another matter...
Bro, TA textbook said ascending triangle is a bullish continuation pattern. But market sentiment is so poor, I really am not confident to long anything at the moment. Sometime a somewhat bullish pattern will just result in a fail breakout when market sentiment is so poor.
Are you anticipating a breakout?
take a look at kreit. beautiful ascending triangle
CitiDev gapped down before I got a chance to place my short ... Unless it rebounded back to the reaction zone, I pretty much has missed the good shorting opportunity yesterday.
No worries, let's see if I'll be lucky with Yanlord
... I'm watching how the price move in my anticipated reaction zone. It will trigger my long / short anytime from now, depends on how it moves. Though bias is it will develop to a false breakout from today to the next few days.
Especially after all the bull(" shit" ) news that fuel the market euphoria is about to end with Ben speaking tonight ... and we'll start hearing about fiscal cliff, bla bla bla bla
today can short yanlord i think.
I am waiting to short Yanlord at the right entry points. The other 2 that I'm looking at is UOB and Citi Dev
I am waiting to short at the right entry points. The other 2 that I'm looking at is UOB and Citi Dev
still bearish about the market. will take profit from cosco when it hit my immediate TP
