Buddies..we cant make money to the maximum..let others to make on next rally over the short term.M sitting back to wait to reenter puts..hopefully FF wud make it happen for me.

west..they had mentioned that further support wud be given if CI level is unreasonably low or UMA on CI!!!!

west..they wud be more concerned if it is at 1590-1600...think they r happy enough to c current level b4 budget...

gap down is well expected today...anyway most stocks r still looking frothy even with some corrections seen yesterday.

good morning..klci...based on my chart analysis,the major upleg from 1595 appears to have completed its final upleg,v3(C)at 1727.Its clearly within the correction mode now with a test at 1691 expected to be seen 1st,wave i4(C) b4 it forms a temporary tr,ii4,an upleg(upper limit-1716) n iii4(lower limit-1681).The downward correction I foresee comes timely with the overseas markets ahead of fomc,US debt ceiling deadline n adjustment to overbought conditions.good luck.

Jake..hg needs to cross over 22 on closing b4 moving into 25-26 area..it shud cross over 28 over the short term..maybe on the next upleg if there is, ie unless Ci is heading for another sell down below 1660.

west..yes the time premium is much lesser..now depends on vix..conversion price is at 1800 which is not too bad.

Hk has a tp at 27.5-0.28.

Masmi...if u already have hk then hold on to it...hw n hg both have declined quite a lot.so,any rebound from current level wud be strong also.

2bits..we may c frail shooting star by tom b4 it breaks below 1700 with an IMPULSIVE shooting star...Sori I know little about shooting stars..

Buddies..this is something for u to take note:1st target below 1700=1681-85 area...2nd target:1660-69 if it closes below 1681..n r expected to be seen b4 month-end.

2bits...expanded c is seen at 1729..that completes the whole v3 wave.

Duit...m fine..think mkt here n overseas wont be higher from current levels.

if u want to go for hw...buy with a stop at 0.25..there cud be a target at .405.

Connie/2bits...think it will break below 1708 tom....maybe one more day inside range trading..either way it shud be heading down soon.

2bits..that was my tp..1.69,after 1.42,based on fibo from the long term chart.

2bits...tks for sharing..will read his book when I hang up my boots.

2bits..AA..thats the apex point of the ascending triangle..cud hit 1.69.

That's the reason y I told u to look at the med or long term chart b4 u study the short term charts with more confidence.

2bits..talking about violating ew rules..u often c irregularities on forex esp over the short term price actions as there were times when weekly sets of economic data whioh were shown far different from consensus of renowned economists.I had to pay more attention to med long term charts.

2bits...yes..1470 cud be the completion of the whole process of the major bear trend on my alternate count from the long term chart.V positively CI wont go beyond 1896 for this year.The year to year pct gain had been decreasing over the past 6 yrs n this year wud be negative pct.

Connie..we shud not take the news of 6 billion funds injection to valuecap too seriously..we cant show that world that we r the leading market..we r gonna be a laughing stock.

Fitters..u may want to take profit at 0.58 n wait for dips to buy...

Fitters...it cud be in the process of making further progress over the short med term for test at 0.65..wud expect 0.52(clsg) to hold from now...lets c.

2bits...good morning..forgot to reply yr question yesterday..yes,wave 1 major downleg shud be at 1671 n not 1766 which isn't even shown in the long term LINE chart.tq for correcting me.

good morning...klci...we have not seen CI with a close above 1721 so far n as such it cud give a sell signal(temporary retracement) if it fails to succeed to close above 1721 today.A close below 1706 wud call for a test at 1692 or at 1681 which I think wud be the lowest point of the downward correction for this week.

on the long term chart outlook:it is clearly showing that the major upleg which started from 1504 is Wave 4 within the bear trend.One may argue that the major upleg,wave 5,has started n CI shud go thru the roof of the high of 1896 any time from now.I wud call for a trading range between 1626-1832,the most bullish scenario I cud think of for the rest of this year.

R FFs making a lot of money already at current level if they sell now..how cud it be..they bot v recently only abv 1690..

2bits....u might c a shooting star if it closes below 1716 today!!!!!

Connie..is that what he wrote?? quite common in forex.

2bits....on the 5 yrs line chart wave 1 is at 1766..

Connie/2bits...do yr analysis on the 5 yrs LINE CHART.With the same line chart,i cud c one of the tps at 1754.

Connie/2bits..irregular patterns we have to use irregular waves..1896-1766 can be wave 1 too n wave 2 at 1788...

Connie/2bits...those sets of rules r not updated in the books u have read.we have to change as we r dealing with different blood of traders n investors using more complicated techn tools.

Connie/2bits..in an irregular structure can happen...how do u explain the upleg from 1671 to 1867 going beyond wave 1 at 1796??

2bits...if the upleg from 1504 is the beginning of major wave 5(uptrend) it shud not go below 1567 or 1595 from now..

Connie...wave 1 1896-1671..2- 1671-1867...3 1867-1504..4-1504 to present still in process...wave 1(4) 1504-1691...2(4)-1691 to 1595..3(4)1595 to present..shud end at 1754 maximum if without extension..then we will c 4(4) n lastly 5(4)..the upleg from 1595 can be taken as wave 3 of major C n has yet to be seen completed b4 going down to develop wave 4 of C..n wave 5 shudnt go above 1796-1823 area.

Connie...wave 4 can be higher than wave 1 but its not if it is higher than wave 2 which is 1867.

tsy...good morning..u 2...tq

isn't it time for fitters to move up towards 0.56-58 area?

good morning...klci..Its clearly in the final stage of the major upleg which started from 1595...a wave v3(final upleg) of Major C which is still in process n wud remain to continue to move northbound as long as 1706(clsg sup) holds.A break abv 1723,my tp of my preferred count,may be seen over the v near term.On my alternate count,it cud reach hawk's tp at 1754 b4 we c a moderate correction on the downside.However,on my alternate count based on line chart(2 yrs)it might juz turn around from 1733-38 area instead of from 1754.
On the long term chart,it appears frothy to me n the long overdue correction shud be seen soon.

I wonder who r those smart FFs buying recently.

Rchi talked sense but m expecting to c a correction which can be quite a moderate one, not U turn or bubble.

West... Good evening..on my preferred count..it shud top out at 1723 though I agree with Hawk's tp at 1754 as its my alternate count .I won't chase from now to buy.U have to be v careful with yr selections.

Buddies..D Trump warned US stk market in the midst of the bubble..hehe

Connie/2bits..CI may not go below 1681 if a downward correction takes place over the short term...hawk may be rite..the whole process of the upleg wud end at 1754(clsg pt-1744) from 1595 b4 we c a drastic decline after looking at the long term chart.U wont c it on bar or candle chart.The tp at 1754 shud be seen b4 oct 26th 2015 if the aforesaid to be reached.

2bits...its easier n not too confusing if u follow the medium-long term chart wave analysis..look at them first b4 u look at the short term waves.

Connie...Those genuine FF who r still holding our stocks r still in big red although bursa has improved quite a bit...even if they r making money now,they r still sitting with heavy losses on ringgit.

Connie...juz one last push on the upside juz above 1721..we can sell.

2bits...this is the golden opportunity for fed to hike int rates as dji has recovered quite a bit.the end result is still minus pct by year end.

2bits..as long as u don't chase to buy u will be fine..u will or might c the most ugly correction on the downside as ppl r now scared to sell...that's when u can be a contrarian...