We are experiencing a historical big crash in Oct 2008. This could happen once in our life time. For those who trade stocks base on
long strategy may find hard to gain profit last month.
Due to this reason, I grap the last month many crash opportunity & had implemented a method i called it "V" pattern formation. And it excited me because this method had work so well for me.
Now come back to the month of Nov, we saw a market quick upturn at the beginning due to the oversold last month. I work out my own system that is to help alarm me the market trend & direction.
Some will ask why dont use technical analysis ? No doubt TA did a great job for me & cannot be ignored, but when u are in the practise of intraday basic, TA may not be as accurate as always due to the delayed signal.
A stock guru might have follow tones of good habbit & trading rules but this should not stop them to work with their own system & enjoy their own style of trading. I think a good trading system that can associate well with individually character is also important too.
Cheers for the good trading system together with success !
This counter had high sell volume for the past 4 days, i shall buy it today as a swing trade provided if it is turned to me a bottom up signal together with STI index. Finally i bought at $8.28. Cheers
High trading vol today and its now fighting to breakout resistance at $0.61.
This counter has a strong support at $0.455. However the vol remain thin. If today vol can increase further, it will help to push up the price further. Next target price can be $0.535.
This counter show a shooting star on Dec 19, and volume has decreased from there on. Looking at the RSI (14d) which indicate the counter is at over bought region. Shall take the opportunity to short and earn some profit for your christmas present. Cheers !
