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They beat me to it in saying this......
https://www.cnbc.com/2018/02/08/the-cause-of-this-brutal-market-sell-off-was-a-piece-of-good-news.html
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this morning.
Luzern ( Date: 09-Feb-2018 08:07) Posted:
| I expect the speed of online tradong today to be very slow if possible. For those desperate to trade, try calling thw hp of your remisers. IMO. We migjt see a 2000+ pt drop in HSI today.... and maybe a halt. IMO |
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I expect the speed of online tradong today to be very slow if possible. For those desperate to trade, try calling thw hp of your remisers. IMO. We migjt see a 2000+ pt drop in HSI today.... and maybe a halt. IMO
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I feel i must get this off my chest. for those who blames me for talking down the mkt....... i can only say that if i have that kind of power, i would be a billionaire now. I am only here to share my opinions and hopefully assist people in making some money and for others, reduce their loses by making them think twice about averaging down or to cut or reduce their positions at the early stages of this correction. Cheers!
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I do not think we r done with wave 3. wave 5 need not be 100% of wave 1...... it depwnds on a few factors and the timing on the release of pro and con news. Not forgeting the supports on the dow. these will play a part on how low the dow will go. IMO.
engineer ( Date: 09-Feb-2018 07:24) Posted:
Going by sgyuan past record, w5 is 100% down of w1? That will be another -1000pts.
Do you have a target value?
Luzern ( Date: 09-Feb-2018 07:22) Posted:
| yes, wave 4 up and wave 5 down, need not be huge or spiral |
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And also go goggle on this chart. very useful as a.reference.
Luzern ( Date: 06-Feb-2018 18:02) Posted:
Huat to you Bro!........ I always keep in mind the " How NOT To Invest Chart" when trading.
TraderBen ( Date: 06-Feb-2018 12:41) Posted:
| thanks.. lucky i keep myself at the sidelines.. didnt add on extra position.. now waiting to go in at my comfortable prices.. Huat to u |
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For easy reference.
Luzern ( Date: 07-Feb-2018 16:13) Posted:
For those who " catch no ball" ..... here' s a simple explaination on EW Theory.
http://www.rookietrader.com/learn-to-trade/elliot-wave/
Luzern ( Date: 07-Feb-2018 15:58) Posted:
| So yah, I am still doing what I did for the past 2 days. And I intend to keep some of my HSI position overnight in anticipation of Dow doing a EW 3. I could be wrong though. |
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yes, wave 4 up and wave 5 down, need not be huge or spiral.
engineer ( Date: 09-Feb-2018 06:34) Posted:
Supposed ew applies, wave4 will be dead cat bounce & w5 will be huge downward spiral?
Luzern ( Date: 09-Feb-2018 06:18) Posted:
| Wave 3 down finally come. based on EW theory, we are not done with W3 yet..... i expect dow to test the 22,500 support if bond rates hols or increase some more |
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$3 is a good price for Singtel.
Goldfinger ( Date: 09-Feb-2018 06:20) Posted:
I am salivating over what I hope to buy today - SingTel at $3 :)
Luzern ( Date: 09-Feb-2018 06:15) Posted:
| yes. no prize for guessing what my positions are. hehe |
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Right not?
Luzern ( Date: 07-Feb-2018 15:54) Posted:
| I am still Bear on the market as I believe that there is a shift in the fundamental of the markets......... IMO what we are seeing on last Friday was the start of the Elliott Wave down trend. this will probably be featured in the Algo. |
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Wave 3 down finally come. based on EW theory, we are not done with W3 yet..... i expect dow to test the 22,500 support if bond rates hols or increase some more.
Luzern ( Date: 08-Feb-2018 11:35) Posted:
| Many Retailers have no directions..... still stuck in the greed/fear situation. The Funds would have a sets of trading plans.......probably the key parameters are the Bond rates, Technicals (like EW) and Big Data they are getting......the Big Data is the scary part. |
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yes. no prize for guessing what my positions are. hehe.
famouspinky ( Date: 09-Feb-2018 06:12) Posted:
Ooh..busy with trading.
Luzern ( Date: 08-Feb-2018 15:19) Posted:
I was busy with ahem....' working (trading)" .
And there you have it, " one see what one wants to see........ " |
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Paiseh really cannot resist but to reply this....... the Market dun do photosynthesis, it creates Wealth. 
onionknight ( Date: 08-Feb-2018 15:31) Posted:
Are you fueling yourself from breakfast and lunch and whatever fats you accumulated previously, or the dinner you plan to have later?
Which direction should the market look forward to without the past trade numbers to serve as a reference point?
without the previous trades, what can drive the market forward? or the market can do photosynthesis?
onionknight ( Date: 08-Feb-2018 15:20) Posted:
Funny you talk about " forward looking" but still quote china as export dependent economy.. they made it VERY CLEAR long ago that their long term goal is to transform from export dependent to consumer oriented economy.
trade number in JAN is literally history yes but the stock market in feb is ready to throw it out of the window?
and you need to come up with more impactful news... those news you quoted sounds like articles used to fill columns its so weak its almost pathetic to read |
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Ouch! 
onionknight ( Date: 08-Feb-2018 15:22) Posted:
yeah when there is a rose and a pile of shit on the side of the road,
some people see the shit
some people see the rose
and some actually has the intelectual capability to notice both.
I believe you belong to the first category.
Luzern ( Date: 08-Feb-2018 15:19) Posted:
I was busy with ahem....' working (trading)" .
And there you have it, " one see what one wants to see........ " |
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Bro, don' t try to catch me off guard.
KAMAL0883 ( Date: 08-Feb-2018 15:17) Posted:
Bro, tot you said you CLOSED and going for CNY how come you are still here ?
Luzern ( Date: 08-Feb-2018 15:01) Posted:
| The Stock markets are forward looking. The trade numbers are " history" whereas the news I quoted are on going...... which news do you think the market will be more affected by? |
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I was busy with ahem....' working (trading)" .
And there you have it, " one see what one wants to see........ "
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The Stock markets are forward looking. The trade numbers are " history" whereas the news I quoted are on going...... which news do you think the market will be more affected by?
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Here' s a piece of news that is not so positive for the China Export dependent Economy.
Here&rsquo s the latest sign that China is loosening its grip on the yuan.
https://www.marketwatch.com/story/heres-the-latest-sign-that-china-is-loosening-its-grip-on-the-yuan-2018-02-07
And another piece of news that is worring for both China and US.
China&rsquo s latest trade maneuver is worrying. Here&rsquo s the story.
https://www.washingtonpost.com/news/monkey-cage/wp/2018/02/06/chinas-latest-trade-maneuver-is-worrying-heres-the-story/?utm_term=.3b6f4da7b612
Asfor the import and Export numbers, generally an increase is good. However, it might be wise to have a breakdown of what are the exports and especially the imports. are the Capital goods, raw materials or luxuries? It makes a difference.
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Many Retailers have no directions..... still stuck in the greed/fear situation. The Funds would have a sets of trading plans.......probably the key parameters are the Bond rates, Technicals (like EW) and Big Data they are getting......the Big Data is the scary part.
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Hong Kong also under pressure.
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