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Midas

Hi Richtan/Bintan

Tks for your sharing of this VERY interesting info. :)

richtan ( Date: 27-Sep-2009 17:17) Posted:

Hi Bintang,

Many thanks for sharing this indicator, which unfortunately is not available in chart nexus (is this in your metastock?)

Anyway, just to share about aroon indicator (very cheem, dun really understand their explanation, but fortunately, chartnexus has "ADX" (also trending up n above 20 with +DI above -DI:

Aroon Indicator

What Does Aroon Indicator Mean?
A technical indicator, developed by Tushar Chande in 1995, used for identifying trends in an underlying security and the likelihood that the trends will reverse. It is made up of two lines: one line is called "Aroon up", which measures the strength of the uptrend, and the other line is called "Aroon down", which measures the downtrend. The indicator reports the time it is taking for the price to reach, from a starting point, the highest and lowest points over a given time period, each reported as a percentage of total time. Both the Aroon up and the Aroon down fluctuate between zero and 100, with values close to 100 indicating a strong trend, and zero indicating a weak trend. The lower the Aroon up, the weaker the uptrend and the stronger the downtrend, and vice versa. The main assumption underlying this indicator is that a stock's price will close at record highs in an uptrend, and record lows in a downtrend.

Investopedia explains Aroon Indicator
For example, when a stock's closing price is equal to the highest price over the given period, the Aroon up will have a value of 100, which indicates that the time it has taken for the stock to reach its highest price has elapsed 100%, indicating a strong uptrend. In addition to extreme values, transaction decisions can be based on instances when the two lines cross. For example, when the Aroon up crosses up through the Aroon down, the stock is said to be in a new uptrend and should experience some upward momentum.

This indicator is very similar to the directional movement index (DMI) that was developed by Welles Wilder, which is also a very popular indicator used to measure the strength of a given trend.

Investopedia explains Directional Movement Index - DMI
The scale for the DMI is from 0 to 100. The average directional movement index (ADX) is a moving average of the DMI.

Bintang ( Date: 27-Sep-2009 10:58) Posted:

Although Midas did not close above 90 cents on Friday , it did not derail the upward trend . By checking its monthly chart , the Aroon Up is at 100 , n the Aroon Down is at 21 , this indicates that the uptrend has just started from here . The same thing happened in 2006 , during the last bull run , the Aroon Up went up to 100 at Dec2005 n lasted for almost 3 years then went down to cross the Aroon Down in Mar2008, then the uptrend came to an end . Therefore , Midas long term uptrend may start from this month . ( Last bull run , Midas started from 36 cents n went all the way to $2.20 according to Aroon Up n Down .)

Hi Bintang,

Many thanks for sharing this indicator, which unfortunately is not available in chart nexus (is this in your metastock?)

Anyway, just to share about aroon indicator (very cheem, dun really understand their explanation, but fortunately, chartnexus has "ADX" (also trending up n above 20 with +DI above -DI:

Aroon Indicator

What Does Aroon Indicator Mean?
A technical indicator, developed by Tushar Chande in 1995, used for identifying trends in an underlying security and the likelihood that the trends will reverse. It is made up of two lines: one line is called "Aroon up", which measures the strength of the uptrend, and the other line is called "Aroon down", which measures the downtrend. The indicator reports the time it is taking for the price to reach, from a starting point, the highest and lowest points over a given time period, each reported as a percentage of total time. Both the Aroon up and the Aroon down fluctuate between zero and 100, with values close to 100 indicating a strong trend, and zero indicating a weak trend. The lower the Aroon up, the weaker the uptrend and the stronger the downtrend, and vice versa. The main assumption underlying this indicator is that a stock's price will close at record highs in an uptrend, and record lows in a downtrend.

Investopedia explains Aroon Indicator
For example, when a stock's closing price is equal to the highest price over the given period, the Aroon up will have a value of 100, which indicates that the time it has taken for the stock to reach its highest price has elapsed 100%, indicating a strong uptrend. In addition to extreme values, transaction decisions can be based on instances when the two lines cross. For example, when the Aroon up crosses up through the Aroon down, the stock is said to be in a new uptrend and should experience some upward momentum.

This indicator is very similar to the directional movement index (DMI) that was developed by Welles Wilder, which is also a very popular indicator used to measure the strength of a given trend.

Investopedia explains Directional Movement Index - DMI
The scale for the DMI is from 0 to 100. The average directional movement index (ADX) is a moving average of the DMI.

Bintang ( Date: 27-Sep-2009 10:58) Posted:

Although Midas did not close above 90 cents on Friday , it did not derail the upward trend . By checking its monthly chart , the Aroon Up is at 100 , n the Aroon Down is at 21 , this indicates that the uptrend has just started from here . The same thing happened in 2006 , during the last bull run , the Aroon Up went up to 100 at Dec2005 n lasted for almost 3 years then went down to cross the Aroon Down in Mar2008, then the uptrend came to an end . Therefore , Midas long term uptrend may start from this month . ( Last bull run , Midas started from 36 cents n went all the way to $2.20 according to Aroon Up n Down .)

AKAN-DATANG...

... short term target 1.20

Although Midas did not close above 90 cents on Friday , it did not derail the upward trend . By checking its monthly chart , the Aroon Up is at 100 , n the Aroon Down is at 21 , this indicates that the uptrend has just started from here . The same thing happened in 2006 , during the last bull run , the Aroon Up went up to 100 at Dec2005 n lasted for almost 3 years then went down to cross the Aroon Down in Mar2008, then the uptrend came to an end . Therefore , Midas long term uptrend may start from this month . ( Last bull run , Midas started from 36 cents n went all the way to $2.20 according to Aroon Up n Down .)

It seems like the rotational play are China counters now. All will cheong if dual listing can uplift the price. Let's wait and see Ozee and Sapphire.

richtan ( Date: 25-Sep-2009 19:28) Posted:

"Trade Summary" at closing shows heavy buying-up (almost doubled the sell-down) with most trades done at 0.905, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.9003	LAST DONE PRICE : 0.895
SPREAD/PRICE RATIO : 0.0056	AVG TRADE SIZE : 25.67

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.890	62	777	369	0	408
0.895	183	3,494	1,503	17	1,974
0.900	132	3,426	1,465	0	1,961
0.905	139	5,626	1,253	0	4,373
0.910	6	77	0	0	77
TOTAL	522	13,400	4,590	17	8,793

"Trade Summary" at closing shows heavy buying-up (almost doubled the sell-down) with most trades done at 0.905, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.9003	LAST DONE PRICE : 0.895
SPREAD/PRICE RATIO : 0.0056	AVG TRADE SIZE : 25.67

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.890	62	777	369	0	408
0.895	183	3,494	1,503	17	1,974
0.900	132	3,426	1,465	0	1,961
0.905	139	5,626	1,253	0	4,373
0.910	6	77	0	0	77
TOTAL	522	13,400	4,590	17	8,793

G20 Takes Center Stage in New World Order

The Group of 20 rich and developing countries were set to anoint themselves as caretakers of the global economy on Friday, giving rising stars such as China and India more say in world affairs.

Heading into their second day of meetings aimed at assuring the economy emerges from a deep global recession with better safeguards against another financial crisis, the G20 pledged to keep emergency economic supports in place until recovery is secured, according to a draft communique obtained by Reuters.

likely to push DOW JONE Cross 10000

Buddy Shall we finish the queue @ 0.91?

Very interesting "tug-of-war" between the black mice n white mice when the giant doze-off again.

When the giant wakes up again, they will again go into hiding except for a few adventurous "no scared die one".

"Trade Summary" at this point in time shows extremely heavy buying-up, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8990	LAST DONE PRICE : 0.910
SPREAD/PRICE RATIO : 0.0055	AVG TRADE SIZE : 32.827

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.890	62	777	369	0	408
0.895	124	2,693	702	17	1,974
0.900	10	1,496	0	0	1,496
0.905	29	2,540	364	0	2,176
0.910	6	77	0	0	77
TOTAL	231	7,583	1,435	17	6,131

The giant is waking up now n the mice gone into hiding liow

bennykusman ( Date: 25-Sep-2009 12:09) Posted:

ya.. hope Midas will wake up soon ;p

richtan ( Date: 25-Sep-2009 11:59) Posted:

When the giant wakes up (like Wed), the mice will go into hiding agai

it's show time again before lunch

bennykusman ( Date: 25-Sep-2009 12:09) Posted:

ya.. hope Midas will wake up soon ;p

richtan ( Date: 25-Sep-2009 11:59) Posted:

When the giant wakes up (like Wed), the mice will go into hiding agai

ya.. hope Midas will wake up soon ;p

richtan ( Date: 25-Sep-2009 11:59) Posted:

When the giant wakes up (like Wed), the mice will go into hiding again

richtan ( Date: 25-Sep-2009 11:35) Posted:

When the giant is taking a nap, the mice comes out to play

richtan 25-Sep-2009 11:59
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When the giant wakes up (like Wed), the mice will go into hiding again

richtan ( Date: 25-Sep-2009 11:35) Posted:

When the giant is taking a nap, the mice comes out to play

ozone2002 ( Date: 25-Sep-2009 11:32) Posted:

midas sleeping again..

richtan 25-Sep-2009 11:35
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When the giant is taking a nap, the mice comes out to play

ozone2002 ( Date: 25-Sep-2009 11:32) Posted:

midas sleeping again..

richtan 25-Sep-2009 11:32
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Oooops, sorry, should be "Black mouse playing against the white mouse"

richtan ( Date: 25-Sep-2009 11:28) Posted:

Black cats playing against the white cats

richtan ( Date: 25-Sep-2009 11:17) Posted:

When the cat is away, the mouse comes out to play

ozone2002 25-Sep-2009 11:32
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midas sleeping again..

niuyear 25-Sep-2009 11:28
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Game of mouse and cats - In this game you move the mouse to cross the river and take the cheese. There are pieces of logs flowing through the river and you can cross the river by jumping onto the logs. Beware not to fall into water and move away from the cat.

Looks like not easy for the mouse to have the cheese for it has to jump onto the logs after logs. Poor mouse.

richtan ( Date: 25-Sep-2009 11:17) Posted:

When the cat is away, the mouse comes out to play

richtan 25-Sep-2009 11:28
Contact Quote!

Black cats playing against the white cats

richtan ( Date: 25-Sep-2009 11:17) Posted:

When the cat is away, the mouse comes out to play

richtan 25-Sep-2009 11:17
Contact Quote!

When the cat is away, the mouse comes out to play

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Midas

Aroon Indicator

Aroon Indicator