Did you see how the big boys create fear and panic?
Did you see how rebound take place especially on Friday?
Who lead this rebound?
Once again Taiwan market took the lead. The rebound took place on Monday. Fear and panic also took place on the same day.
Monday Taiwan opened with a gap down of almost -2%. Then it continue dive south. Around noon hour, it turned and went straight up, closed high with a whole day range of 207 points. Next few days, roller coaster ride continued but it did not go lower than its Monday low which was 7627. And Friday it followed other indices, closed 2% higher.
US DOW has a hammer on Wednesday. Thursday confirmed and triggered. However, on Wednesday before that hammer was formed, at one point, DOW dropped by 500 points. This was how fear and panic was created by the big boys.
Japan Nikkei, the champion on Friday rebound. Up 5.88%. Hang Seng, Friday up 2.9%. DAX up 3.1%, FTSE up 2.19%......
How I know rebound is going to take place? And how I know before any rebound take place, the big boys will create fear and panic to scare off the retail investors/traders? Two weeks of dipped, I started to see analysts, expert, articles everywhere........even Chinatown, coffee shops uncles and aunties......everyone shouting to "SELL" .......... So everyone sell then where the buyers come from?
This is the trick - people use to listen to others and follow the majority. Investors/traders - 90% losing money and only 10% make money. So now you know why?
How long and how far this rebound will last/will?
As I mentioned in by last 2 posts:
Now, people start asking - rebound, that is the case can we start buying now?
It is a bear market right now. Papa bear is pounding on the tire bull. As I mentioned twice in my blog, any rebound is a 逃命反弹.(http://achua138.blogspot.sg/2016/01/here-comes-papa-bear.html). Any pull back is an opportunity for you to sell if you are holding any long position. Until now, I don't see a way that the markets has a chance to go back to its peak.
Then another group of people ask me - they know only the usual way - buy first then sell. So they are waiting to buy on rebound 反弹. And of course, some of them, do not has any position right now and they are looking to make some money on the rebound.
I have a piece advise to this group of traders/investors. Rebound, can be a pull back or retracement. We won't know the distance/length of any rebound. The pull back can be 23%, 38% or 50% or 61.8%. Shorter than 23%, it could be a retracement instead of pull back.
It could be a short rebound........fierce rebound....... it could be a rebound plus consolidation....... No body know. Watch for signal and indicator at any resistant level. Beside that, watch out for any political involvement or any surprise thing happen.
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Did you see how rebound take place especially on Friday?
Who lead this rebound?
Once again Taiwan market took the lead. The rebound took place on Monday. Fear and panic also took place on the same day.
Monday Taiwan opened with a gap down of almost -2%. Then it continue dive south. Around noon hour, it turned and went straight up, closed high with a whole day range of 207 points. Next few days, roller coaster ride continued but it did not go lower than its Monday low which was 7627. And Friday it followed other indices, closed 2% higher.
US DOW has a hammer on Wednesday. Thursday confirmed and triggered. However, on Wednesday before that hammer was formed, at one point, DOW dropped by 500 points. This was how fear and panic was created by the big boys.
Japan Nikkei, the champion on Friday rebound. Up 5.88%. Hang Seng, Friday up 2.9%. DAX up 3.1%, FTSE up 2.19%......
How I know rebound is going to take place? And how I know before any rebound take place, the big boys will create fear and panic to scare off the retail investors/traders? Two weeks of dipped, I started to see analysts, expert, articles everywhere........even Chinatown, coffee shops uncles and aunties......everyone shouting to "SELL" .......... So everyone sell then where the buyers come from?
This is the trick - people use to listen to others and follow the majority. Investors/traders - 90% losing money and only 10% make money. So now you know why?
How long and how far this rebound will last/will?
As I mentioned in by last 2 posts:
Now, people start asking - rebound, that is the case can we start buying now?
It is a bear market right now. Papa bear is pounding on the tire bull. As I mentioned twice in my blog, any rebound is a 逃命反弹.(http://achua138.blogspot.sg/2016/01/here-comes-papa-bear.html). Any pull back is an opportunity for you to sell if you are holding any long position. Until now, I don't see a way that the markets has a chance to go back to its peak.
Then another group of people ask me - they know only the usual way - buy first then sell. So they are waiting to buy on rebound 反弹. And of course, some of them, do not has any position right now and they are looking to make some money on the rebound.
I have a piece advise to this group of traders/investors. Rebound, can be a pull back or retracement. We won't know the distance/length of any rebound. The pull back can be 23%, 38% or 50% or 61.8%. Shorter than 23%, it could be a retracement instead of pull back.
Therefore before you enter a trade, make sure you know where is your cut loss. And make sure you discipline enough to follow the rules.
It could be a short rebound........fierce rebound....... it could be a rebound plus consolidation....... No body know. Watch for signal and indicator at any resistant level. Beside that, watch out for any political involvement or any surprise thing happen.
One advertisement:- Our family teamwork has allowed our first Amazon Kindle E-Book launched.
Title: Memory Improvement
Those who have an amazon account, I/we would really appreciate your support if you could help to buy one book from us. After reading it, posting a good review on our book will also be much appreciated.
Appreciated your kindness support.
http://www.amazon.com/dp/B01AHOG29G/ref=tsm_1_fb_lk
The crucial resistance for Nifty SPOT is now seen at 7605 and above this 7635.Best accurate stock tips
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