Let's talk about the current market...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031031  2.456   2.509   2.410   2.447     25,718    Bullish->Sideway
20031103  2.451   2.498   2.411   2.452     14,074    Sideway->bearish
20031104  2.457   2.521   2.434   2.484     18,448    Sideway->Bullish
20031105  2.495   2.544   2.431   2.486     19,023    Sideway->Bearish
20031106  2.443   2.475   2.388   2.418     17,169    Bearish


Hmmm.... the market seems to take a u-turn. Again, it's time to decide whether to keep your positions, or run with whatever profit you may already made, if you did made it.

Me? Hmm... I may consider to run, but I wanna see how the first hour goes. First trading hour, also called "the amateur hour" usually set the tone for the rest of the day...


Cheers and Good Luck!!

[ Last edited by Nora18 on 7-11-2003 at 09:05 AM ]

Originally posted by Nora18 at 7-11-2003 09:02:
Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031031  2.456   2.509   2.410   2.447     25,718    Bullish-& ...

keep or run.....????....the hour up oledi...I also got vested interests.....

Originally posted by kelley at 2003-11-7 10:03 AM:
keep or run.....????....the hour up oledi...I also got vested interests.....

I kept one, as it is still well supported. Just increased its stoploss in case it turn around.

I sold one at a small marginal profit. May enter again at lower price if no other interest me...

The market seems to go down with relatively small volume. Should I see numerous 1 or 2 mil on the KLSE 5 min chart, I might have run with my shoe off....


Cheers,

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031103  2.451   2.498   2.411   2.452     14,074    Sideway->bearish
20031104  2.457   2.521   2.434   2.484     18,448    Sideway->Bullish
20031105  2.495   2.544   2.431   2.486     19,023    Sideway->Bearish
20031106  2.443   2.475   2.388   2.418     17,169    Bearish
20031107  2.456   2.487   2.418   2.454     12,336    Sideway->Bullish


"Anticipate!..." That's what Linda Bradford-Raschke says in her website... That what we will be able to do when we can, to a certain degree, guess the direction on the market.

But how to anticipate anything when the market moving sideways? I dunno.... Dumb! When I feel dumb, I'll stay at he sideline looohhh...


Cheers!

DewaSeks

puan.....komen pasal tanah emas for today transaction,please???????

ada tak remiser yang ambil pembelian di masa hampir tutup / closing?

Originally posted by DewaSeks at 2003-11-10 10:23 AM:
puan.....komen pasal tanah emas for today transaction,please???????

Sowwi... Nora tak trade Tanamas....

Good luck with your Tanamas tho....

Originally posted by Peniaga Jalanan at 2003-11-10 10:50 AM:
ada tak remiser yang ambil pembelian di masa hampir tutup / closing?

Kalau trade online, ikut nasib... Biasanya, dalam masa kurang 1 minit order kita boleh sampai ke bursa... kalau tak ada queue, boleh lah dapat.... Kalau queue panjang, alamat tak dapat laa...


Cheers!

DewaSeks

Originally posted by Nora18 at 10-11-2003 10:59 AM:
Sowwi... Nora tak trade Tanamas....

Good luck with your Tanamas tho....

masih ada rally utk hari raya???? atau dalam kata lain index melepasi 850 in near term???

DewaSeks

one more things...hunzpty, apa komen u dengan proposal right issuenya???

Originally posted by DewaSeks at 2003-11-10 11:15 AM:
masih ada rally utk hari raya???? atau dalam kata lain index melepasi 850 in near term???

Susah nak cakap pasal KLSE ni. Yang nyata, KLSE tengah sideway. Berapa lama? tak ada sapa yang boleh bagi tahu. Strategy Nora ialah, by end of every day, identify sama-ada KLSE dah keluar dari sideway ni atau tak. Selagi KLSE belum ada tanda-tanda nak bullish, selagi tu la Nora akan dok tepi.... jadi penonton...

Hunzpty? Pun Nora tak trade counter tu...

Nora cuma trade 12 counters. Itu sahaja. Hari-hari tengok 12 counters tu. Tak lebih, tak kurang. Bila market bullish, Nora akan tengok ada tak dari 12 counters tu yang ikut bullish. Kalau ada, Nora trade counter yang tu... Sebab tu lah, Nora kena confirm dulu sama-ada market start nak bullish atau tak. Cara Nora nak tahu, ialah melalui Nora Index yang Nora dok post setiap hari tu...


Cheers!

DewaSeks

Originally posted by Nora18 at 10-11-2003 11:28 AM:
Susah nak cakap pasal KLSE ni. Yang nyata, KLSE tengah sideway. Berapa lama? tak ada sapa yang boleh bagi tahu. Strategy Nora ialah, by end of every day, identify sama-ada KLSE dah keluar dari side ...

nora trade kaunter aper yg 12 tu????nora analyst kat mana???

Originally posted by DewaSeks at 2003-11-10 12:18 PM:
nora trade kaunter aper yg 12 tu????nora analyst kat mana???

Hmmm... Nora analyst kat Cari dot com jer... Actually, Nora trade saham secara sambilan... untuk pocket money. Nora ada kerja tetap yang ikut waktu ofis...

Yang 12 counter tu... yang tu tak boleh kongsi... Sowwi... Strategi Nora di sebalik 12 counter tu ialah, Nora tak nak trade di serata KLSE, ikut apa analyst atau market guru kata, atau ikut tips atau rumours yang berteraburan kat forum-forum. Nora tengok 12 counter, day-in day-out... sampai Nora faham sifat-sifat 12 counters ni. Bila market start nak bullish, Nora akan zoom in mana-mana dari 12 counters ni yang akan react.

Awak pun boleh pilih mana-mana counter yang awak rasa awak boleh ikut secara rapat. Mungkin awak boleh pilih counter yang dekat dengan industry tempat awak berkerja, contohnya, kalay awak seorang officer bank yang minat kereta, awak mungkin akan pilih beberapa counter finance dan beberapa counter yang terlibat dengan industry permotoran....

Counter-counter yang awak pilih harus dekat dengan personaliti awak.....

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031105  2.476   2.527   2.409   2.467     21,426    Sideway->Bearish
20031106  2.426   2.462   2.370   2.401     18,504    Bearish
20031107  2.437   2.469   2.398   2.435     13,409    Sideway->Bullish
20031110  2.435   2.462   2.382   2.416     13,403    Sideway->Bearish
20031111  2.417   2.443   2.370   2.405     14,406    Bearish


Well... well... well... It's time to reindex the NI again. And its good that it coinside with the bearish market. Kindly noted that the NI figures above are new figures after I reindex NI over the weekend.

What to do now? It seems that the best way is to let go all positions now and buy back lower. Especially true when you see that the volume picked up on prices getting lower for the last few days... If the volume is very light on reduced price, and buyers keep coming at certain price level, you may want to hold to your breath and see if you can survive.

Market-wise, price gets lower at relatively lighter volume. What we need to see tommorow and day after is whether these volume increased on lower prices. If that happends, than the bear is real...

Cheers!

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031106  2.426   2.462   2.370   2.401     18,504    Bearish
20031107  2.437   2.469   2.398   2.435     13,409    Sideway->Bullish
20031110  2.435   2.462   2.382   2.416     13,403    Sideway->Bearish
20031111  2.417   2.443   2.370   2.405     14,406    Bearish
20031112  2.399   2.439   2.362   2.393     15,274    Bearish


Bad news is, the market is still bearish. Good news is, swingers can take a rest for a while... Just let the scalpers dog fights each other in the ring... We better sit tight on the sideline, watching... For how long? Dunno...  

Is it good to buy now? Some school of thought may say yes... The market is bottoming, there are a lot of good bargain everywhere... I'll say, just sit tight and wait till the market gave the right signal to enter. And that signal is when the market starts to pick up again...


Cheers!

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031107  2.437   2.469   2.398   2.435     13,409    Sideway->Bullish
20031110  2.435   2.462   2.382   2.416     13,403    Sideway->Bearish
20031111  2.417   2.443   2.370   2.405     14,406    Bearish
20031112  2.399   2.439   2.362   2.393     15,274    Bearish
20031113  2.403   2.443   2.362   2.398     12,812    Bearish->Sideway


Has the bear stops its march? Maybe... Is the market going north next week? Maybe... And maybe it will go flat or continue south too... Bottomline, its too early to say. The bullishness yesterday was coupled with lower volume, indicates cautioning market players. Looking at another piece of data, that is the number of counters making new low, it seems that that number has reduced. That's a positive sign, and it is now to see if the positive sign will continue today... which happend to be a Friday!

Well, it won't harm to get prepared to swing again.... So start filtering those counters, and see if any of them has the tendency to move up. May the force be wth you...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031110  2.435   2.462   2.382   2.416     13,403    Sideway->Bearish
20031111  2.417   2.443   2.370   2.405     14,406    Bearish
20031112  2.399   2.439   2.362   2.393     15,274    Bearish
20031113  2.403   2.443   2.362   2.398     12,812    Bearish->Sideway
20031114  2.403   2.433   2.357   2.386     10,450    Bearish


Wel... the positivity shown on Thursday does not hold... the market continue it southward direction, but on shrinking volume... If volume is air, then this bear will get choked soon...

A shrinking volume while the market is moving in one direction usually means that most players just wait and see on the sideline. So, beware for their movement after this... An increased in volume while price continue south is an ugly picture you don't want to see... That means those who sit on the sideline have jump an unload!

Me? Dunno what to do maaa... Sit tight only...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20031111  2.417   2.443   2.370   2.405     14,406    Bearish
20031112  2.399   2.439   2.362   2.393     15,274    Bearish
20031113  2.403   2.443   2.362   2.398     12,812    Bearish->Sideway
20031114  2.403   2.433   2.357   2.386     10,450    Bearish
20031117  2.348   2.363   2.273   2.301     11,195    Bearish


What can I say... the only people who can smile are those who already unload last week... and they are the one who will eye for the next buying opportunity.....

Buuutt... they probably sleeping right now.... :2cool:

..see everything now & avoid the big rush..

Originally posted by whitepig at 18-11-2003 10:03 AM:
..see everything now & avoid the big rush..

rushing to go where....?