Blog and Rants

I believe there are profitable Elliot wave traders out there. No doubt. Though I have never met any of them yet. In fact, I have met a lot of wave analysts, not trader. I am not an wave trader and I definitely do not have bad feeling towards these wave analysts, I just have the […]

Though SIMSCI gapped up at opening, it drifted down after that. I see an opportunity for SHORT position on SIMSCI futures. In fact, short position has been established at 291.4.

I saw some interesting stocks trading candidates : -Hengxin Technology -FerroChina -Luzhou BioChem. These counters show me some potential upside for the coming week.

[photopress:SIMSCI.jpg,full,pp_image] Ok, this is another ‘do-nothing’day for SG market. There is no rewarding entry level for SIMSCI. It opened high with impressive +8 points gain, however, it was drifting down subsequently and staying flat for the whole trading day. Here I am showing how ugly is the SIMSCI 10-min chart for the day.

A three digit gain in DJ. Nikkei gains more than 300 points in the first hour of trading, SG gains around +8 points, pretty bullish day. I am watching for any possible entry to Long SIMSCI. With this type of big gap opening, patience is needed if one is to day trade. It might end […]

I did not have any position for TIMSCI today. It was rather volatile and boring. It failed to complete my setup. In fact, after watching TIMSCI for the past few days, I found that it is a little bit tedious to trade this index. Price action goes wild frequently. No setup for SIMSCI. I guess […]