The Market now is into correction, any rebound will be temporarily, reduce you stake or withdrawn your stake and away the market. We human being need to have a rest and market also need to have a rest. World Cup is coming in the corner, have some fun on world cup. A monemt of rest will allow you to go long journey. After the world cup will be another new trend.
Pls note that this indicator is a thermometer to the overall market, is not specified to any particular counter.
11 comments:
Dear Sagil,
I agree what r u saying, the volumn n momentum r getting less;the market need rest. Thanks for yr IPOWER tips n now i already reduce the stake n hand over for a moment.
Smartyoung,
A word for you " Price is momentum and the volume is his cousin" , and this is what the market situation now. now is a good time for us to think back what is our achievement and failure , we need to improve or else we will be eaten by the big fish.
My plan In this down turn time is to read more book, develop and fine tune the TPS formula. list out what are the failure and achievement , to improve the trading syatem.
I will not alllow the same mistake happened again in my stock selection , in order to achieve that , a hard work must be imposed.
I hope the reader who come to my blog also take this opportunity to improve yourself, do a assessment of your performance for the past 5 months, in order to know your strength and weakness.
Jimz,
At this moment of time better dont predict the lower price to enter. wait for the overall sentiment indicator to give the buy signal then we look into the chart pattern to select the potential counetr.
DJburger,
Now is a good time for us and market to rest, as you can see that my bull/bear sentiment indicator has shown correction, mean that in short term the market wont be able to recover. Of course the market re-bound will appear, but remember , in correction market the re-bound will be temporarily. Dont worry, i will update my indicator is any good signal appeared.
I would expect technical re-bound when it touch 900-910 , becareful for those doing bottom fishing, must know how to cut loss and profit taking.technical re-bound in correction market is temporarily
Hi, i would like to get the comment on my bull/bear sentiment indicator feedback, if you think this indicator can accurately tell us where is the market located before it really goes to bear or bull.pls give a comment here, thanks
The charateristic of Bear/Bull sentiment index:
1)The formation of the index is base on the EOD market sentiment.
2)The sentiment index also need to combined with Composite Index and volume pattern to do the analysis, with these combination it will increase the accuracy.
3)The sentiment index above zero is consider uptrend market where the below zero is consider down trend. (we need to refer to where is the trend come to or go to zero as a refernce)
Technical re-bound start at 1030am 23/5/06, watch out on time engineering now at 0.60
those with bottom fishing and catch technical re-bound, pls prepare you profit taking and cut loss point
Tomorrow is a good day to determine the potential counter after today re-bound.after tomorrow we will know which counter is the strongest and which counter has been game over.
The detail of how to determine will be explained during TPS training.
Post a Comment