DIRTYDOG IS ON VACATION AND WILL RETURN ON 1 APRIL WITH NEW INSIGHTS.
HAPPY TRADING DEAR READERS!!
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Archive for March, 2007
I’ve received quite a few challenges regarding my distinction between economists and traders so I thought I’d respond here.
To begin with, I just wanna point out that economics is a huge area. This discipline covers everything from international trade policies to company expense accounts. It’s extremely complex, fascinating, and a powerful tool. That is why [...]
Take the lead from the technical traders..
Published by March 15th, 2007 in Investment Notes. 0 Comments It has been hard to find any opportunities this week. And I’m talking globally. Almost every country and sector was in the red (except bonds). I’m convinced that something, somewhere must be oversold, but I’m just not sure what.
The one thing for sure is that the bulls did encounter resistance, this time from the technical [...]
As I mentioned in my last post, KLSE has hit resistance. This was characterised by a spike up in the early morning session followed by profit taking for the rest of the day. This means that Thursday’s price action emboldened many investors who put in their orders after market close which were filled in the [...]
Yesterday the KLCI touched my identified aread of resistance before selling off again (I drew the line in the sand at 1200 and it hit 1201.45). So for that, I’m pleased, but it really doesn’t matter because the important thing about being a good trader is not about being able to predict prices. [...]
Yesterday the KLCI touched my identified aread of resistance before selling off again (I drew the line in the sand at 1200 and it hit 1201.45). So for that, I’m pleased, but it really doesn’t matter because the important thing about being a good trader is not about being able to predict prices. [...]
Underneath today’s generally strong performance on the KLCI was a lot of “choppiness” i.e. there were a lot of counters displaying “hanging men” or “doji” formations. This means that a lot of people were actually getting out of the market whom I think are the weak bears. With those getting out of the market, we [...]
If you’re a technical short term trader you should only be out (or short). If you’re a medium or long term trader you’re probably starting to wonder whether it’s time to start accumulating.
This is what’s going on in the minds of most people at the moment, and the reason why I think that a bounce [...]
If you’re a technical short term trader you should only be out (or short). If you’re a medium or long term trader you’re probably starting to wonder whether it’s time to start accumulating.
This is what’s going on in the minds of most people at the moment, and the reason why I think that a bounce [...]
***UPDATE on 01-03-07***
Bkawan had a bonus issue yesterday which caused the price drop, so the setup is not valid. Hence I did not go in.
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Bkawan hit my accumulation level today. I set this target back in August last year so I never expected to get my setup but it has happened so I’m going to [...]
