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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bystander123
785 posts
Posted by Bystander123 > 2018-02-15 11:07 | Report Abuse
today's descending triangle can turn out to b an ascending triangle further down the road.
The battle between the Bulls n the Bears has been ongoing since stock markets started.
The current wounded Bull, is a ferocious animal,only a foolhardy Bear will dare to underestimate this aging 10 year old Bull's remaining strength.
No else a respected chartist, technical analyst, trader like Daryl Guppy, who made the right first call on Dow Jones being in bubble territory n overdue for a major correction, was made to beat a hasty retreat yesterday.
Daryl Guppy made a subsequent call that unlike the Shanghai Index which is expected to rebound after CNY, the Dow Jones index will not b so lucky n will stay at the lows.
He has since revised his writeup with a more sober 'The fall in the Dow holds no firm promise of a rebound'.
Envy our kaisu neighbour's day traders who have been making money by the lorry loads IN BURSA Malaysia.
Unlike our local traders/tehnical analysts/experts in I3, who seem to place 'being right ' as the ultimate goal/objectives, the kiasu traders prefer to work silently, having mastered the art of riding the waves, n profit even if they were initially wrong.
These kiasu traders, know that u can lose money being right, n u can make money even if u were initially wrong. What's important is to know that the market is much bigger/complex than what we think, n not to have to a fixed view of things in the stock market. Yes, the stock market changes by the second.
Cheers !