Did You Trade

Analysis:

Signs of profit taking on DOW

Upside:

1. Upside TSC (UB 10000, LB 9888)
2. Closed above Diff R/L
3. Closed above PDH

Downside:

1. Decreasing  +ve ROC
2. W% near extreme
3. Upside sparrow W%

Trading Plan:

• Watch DOW if it trades below 9888 (LB)

Analysis:

Buying Pressure on NK

Upside:

1. Upside TSC (UB 10145, LB 9985)
2. Upside croc W%
3. Closed above Diff R/L
4. Failed Peak Theory
5. Increasing +ve ROC

Downside:

1. N.A.

Trading Plan:

• Watch NK if it trades above 9985 (LB)

Analysis:

Selling pressure on HK

Upside:

1. Upside TSC (UB 21825, LB 21417)
2. Closed above Diff R/L
3. Closed at PDL

Downside:

1. Upside sparrow W%
2. Change in ROC
3. Closed below TAOS S/L 21471

Trading Plan:

• Watch HK if it trades above 21438 (SC) or below 21417 (LB)

Analysis:

Buying pressure on STI

Upside:

1. Upside TSC (UB 2694, LB 2670)
2. Upside croc W%
3. Closed above Diff R/L
4. Tested but closed above V3Go SC
5. Closed above V3Go BC
6. Closed at DH

Downside:

1. N.A.

Trading Plan:

• Watch STI if it trades above 2673 (TAOS) or below  2670 (LB)

V3Go Team

Disclaimers Apply

This Stock just suffered a bad case of “internal injury” when it actually made shareholders very unhappy with a pretty low placement.

Because of that, I can expect selling to keep coming in for the time being as contra and retail traders get out on force selling.

But what caught my eye is the support at 38cents. It been tested twice over the last 2 trading days and my Indicators are putting at a potential recovery on this stock soon. So based on my PERSONAL experience, if this stock can close above 40cents by 12.30pm today.

It will be the first signal to take note. If this stock can go past 411cents, then traders should be looking to enter small on this counter. A closing above 41 will give traders something to work on.

But of course, the stock may just stay flat again so lets see…

The above levels mentioned above are for  TODAY only.

Kelvin Han
Chief Trainer
Originator of the V3Go Mentoring Program
29 batches and still going strong

Good Morning,

Based on our V3Go TSC charting tool, the expected range for the STI today, will be between 2677 to 2661 for today.

Based on our V3Go W% Indicator, since the STI gapped up, there should be some initial selling/profit taking once the STI goes below the OP of today.

But based on our V3Go DIFF Indicator, the downside may not be alot as the buying pressence are still around.

So traders, do expect a tight trading range unless we see the STI going above the OP of today.

Cheers!

Kelvin Han
Chief Trainer
Originator of the V3Go Mentoring Program
29 batches and still going strong

Good Morning,

With less than 2 1/2months to the end of 2009, many economists/analysts/traders/fund managers are separate to 3 camps. Bear Camp, Bull Camp and Chicken Camp.

Based on my personal research: About 40% are still expecting the market to turn down as believe that this is just a Bear Trap for the buyers. Well known people like George Soros and Roubini are in this camp. While about 30% are in the Bull Camp as they believe that the global economy is bottoming out soon. Well known people like Warren Buffet and Bernanke are in this camp. The remaining 30% are staying on the sideline as they are lost because it seem too expensive to buy as compared to the low but seem still cheap if to compare the highs. Well known people like ‘the Retails’ are inside this camp. So the best way is to stay away from the market. One rather to miss out the market than to be wrong, would be the common mentality for most of them, for now.

For me, I called for the bottomed out in March itself and been visioning the upside of the market ever since. I am still very positive on the market as  I use a very simple trading system that I developed for longer term investment direction. As long as the market doesn’t turn down and break my chosen support cycle levels, I will continue to stay long on the market and expect more upside from the market despite many people still expecting huge correctional movement to come.

To me, I still expect Crude Oil to hit US$90/barrel while the Dow to break past 10,000 with ease very soon. Dollar Yen is expected to cross 91 by this month while Gold ( I have predicted that it will hit US$1050, 2months ago when it was trading at US$927.20) to hit US$1100 soon but I am not encouraging traders to buy now until we see a correctional pullback to below US$1000 first.

After pouring through my very personal TA indicators over the weekend, this is my very personal predictions on 4 different markets. I’m not a fortune teller so this is purely for sharing thus Disclaimer as usual, applied here.

Kelvin Han
Chief Trainer
Originator of the V3Go Mentoring Program
29 batches and still going strong

Good Morning,

Gold has rallied relentlessly for a few days. In fact, It has created historical high recently. However, There is a SHP formation and ROC has changed from +ve to -ve. There is a new Diff formation. Risk/Reward favors the selling side. Hence, Watch GOLD if it trades below 1049.5 (LB).

Good Luck!

CK

Disclaimers Apply

Good Morning,

I was coaching V3Go Grads over the weekend for the entire day!

WOW! They are definitely very enthusiastic. How could I possibly reject them right??? *wink*

One of the grads (Pak Djoko) have pointed out to me that BUMI is a good buy.

Indeed, BUMI calls for a buy based on TSC (Up), V3Go (Above BC), W% (Upside croc maiden crossing), ROC (Change in ROC) and TAOS (New TAOS S/L). There is a new Diff Peak formation on 8 Oct. Hence, Watch Bumi if it trades above the Diff R/L (2925).

In addition, JKSI is showing signs of reversal. Since DOW ended positive last Friday, there is a good chance of an upside candle formation today.

Good Luck!

CK

Disclaimers Apply

Analysis:

Buying interest on DOW

Upside:

1. Upside TSC (UB 9933, LB 9821)
2. Upside croc W%
3. Closed above Diff R/L
4. Increasing +ve ROC
5. Closed near DH and above PDH
6. Closed above TAOS R/L (9830)

Downside:

1. N.A.

Trading Plan:

• Watch DOW if it trades above 9830 (TAOS) or below 9821 (LB)

Analysis:

Potential trend reversal on HK

Upside:

1. Upside TSC (UB 21832, LB 21390)
2. Closed above Diff R/L
3. Closed above PDH
4. Closed above TAOS S/L (21471)

Downside:

1. Upside sparrow W%
2. Decreasing -ve ROC

Trading Plan:

• Watch HK if it trades above 21471 (TAOS) or below 21390 (LB)

Analysis:

Selling activity on STI

Upside:

1. Upside TSC (UB 2671, LB 2651)
2. Closed above Diff R/L
3. Closed above V3Go BC
4. Tested but failed V3Go SC

Downside:

1. Peak Theory
2. Upside sparrow W%

Trading Plan:

• Watch STI if it trades above 2667 (SC) or below 2651 (LB)

V3Go Team

Disclaimers Apply

Good Afternoon,

First, before I continue my usual market commentary, we will be using this blog www.didyoutrade.com for all our future postings. The previous blog, www.v3go.net will be taken over by our Ex Event Organizer, Vigor Inc.

We, the V3Go Team, is undergoing a transitional move away from them, to start afresh on our own.

To contact us, you can send an email at enquiries@didyoutrade.com .

Our usual regular V3Go ExPRESS sessions will temporary be ‘halted’ as we undergo this transition. Once we are ready for the V3Go ExPRESS Sessions, we will inform everyone via this blog.

Do let your friends know about this Brand New Blog of ours and channel them to this blog for more market updates from us. Cheers!

=================================================================

The STI continue to trade higher as US Dow continue its rally upwards. It have hit my first resistance of 9789 before closing at 9786. This show that there could be initial resistance for the time being. But if the Dow can re-test 9789 tonight, then 9829 will be the next closest resistance. An outbreak above 9829 will only mean that the Dow is going to hit 10850 very soon. I am expecting the US Chief to tighten monetary policy by increasing interest rate to signal to the world that the US economy is recovering and if that happen, then 10850 will not be too difficult to be achieved. I am looking at 10,850 to tested by Christmas, 25th of December 2009.

If that happen then STI should be 2933 by then while Hang Seng to hit 23260. These are my long term projection on the Asian markets as I’m still very bullish in the emerging markets. Every correctional, to me, is a good opportunity to re enter into the market despite people like George Soros (my idol), Roubini (Dr. Doom) are all calling for a sell in the market.

Based on our  V3Go TSC today, the STI must maintain above 2661 for any further upside. The selling point is at 2654, which happen to co incide with before lunch closing. Thats why you can see the Index coming down to a low of 2642 after breaking 2654 level.

We are very bullish on the NIKKEI since it actually bottomed on the 6th of Oct 2009, hitting a low of 9635. It actually went lower on the 5th of Oct, during the CME session but the late buying and the recovery of the Dollar against the YEN, 2 days ago, confirmed my bullishness view.  Based on our V3Go TAOS technique, 10,110 will be our first profit target for the next 3-5days. But do remember to set trailing stop to ensure your profit don’t be given back easily.

For the Hang Seng Futures, if you have read our previous posting, the Long Call came on the 5th of Oct at 20274 (ask anyV3Go Graduate in the market, they should be able to show you, why 5th of Oct was a good long candidate, based on V3Go TSC and V3Go ROC pattern). And since it broke the first V3Go TAOS resistance at 21013 on the 7th of Oct, it just continued it march up. For today, as long as the market stay above OP of today, the upside will  be there. But do expect some profit taking to come in when it goes to 21692 as that will be the next resistance level.

Local Singapore Stock in Mind:

(1) Genting is moving up nicely to hit 1.15, expect to hit 1.17 soon.

(2) MIDAS had move up as expected. Resistance will be at 87.5 cents which was tested this morning and came back down. A closing above 87.5, will see 90.5 level to come back. If not, it may fall to 80.5

(3) SINOTEL is edging up very slowly and the first resistance will be at 71.5cent while supported at 56cents.

(4) UTD, to me, seem to be still suffering from ‘internal injury’ from its recent request to buy shares of Asiawater but this morning, it actually changed its mind. Based on V3Go Rules, the support will be at 38.5.  The level been tested 3times over the 3 consecutive days. I am expecting an outbreak on this share soon but for today, it must close above 40cents to be convincing.

Have a great weekend ahead.

Disclaimer as usual for the above article.

Kelvin Han
Chief Trainer
Originator of the V3Go Mentoring Program
29 batches and still going strong

Good Afternoon,

Today could be the 7th day whereby the market ends with a V3Go -ROC  formation on the daily chart and usually, this spell trouble for the market as that mean that the buyers are not able to withstand the sellers selling.

But if the buying can over come this 7days of selling then I strongly believe the upside will be strong and mighty to even break past 2700 again. I am expecting an upside to above 2700 once we see a clearance at 2672 for this round of upside. And if that happen, 2819 will be next.

I am expecting more countries to step in to raise interest rate soon, just like the Aussie Market as its very clear that the global market is recovering and prices been edging higher, more competitive and sales been improving as compared to 11months ago.

Increasing interest rate on a low interest environment + an economy that being slammed recently = positivity in the market and recovery.

This will actually strengthened the country currency and actually reduce trade deficit.

So honestly speaking, I am still very positive in the market as long as I don’t see a lower low in the cylical wave of the market. I will come out a chart on my rational on holding long onto the market later in the evening.

Meanwhile, I expect HK Future to 21722 (now at 21500) and Dow to 9829 soon. ( in a week time )

Local Singapore stock in mind: United Environment Tech, Genting, MIDAS and Sinotel.

Cheers!

Kelvin Han
The Originator of V3Go Mentoring Program
29 batches and still going strong

Good Day Everyone,

It’s been sometime since I’ve last posted Indonesian stock due to the holidays (I went back Singapore to take a break).

Health isn’t too good for me but can’t say that for JKSCI, which has created historical high today!

So the question would be:

1) Will this rally be sustainable?

2) Should I take profit on my stock or add more new position?

Frankly, this is a difficult question to answer since there is high probability of profit taking should US market doesn’t sustain its rally.

As such, I would advise not to go heavy if you aren’t prepared for the temporary correction that might happen.

From the chart, Upside for JKSCI is pretty strong (UT TSC, Closed above Diff R/L, Increasing +ve ROC). However, as W% is near extreme, there is a good chance of profit taking should JKSCI gapped up tomorrow.

Trading Plan:

• Good long for Indonesian stocks should JKSCI stayed above 2494 (LB) and above OP
• Consider to reduce position should JKSCI trade below 2491 (Diff R/L) and below OP

Stocks Pick based on KH technique:

1. Bakrie Sumatra Plantation (UNSP): Above 870
2. Bank Danamon (BDMN): Above 4800
3. Bank Negara (BBNI): Above 2075
4. Bank Rakyat (BBRI): Above 8200
5. Elnusa (ELSA): Above 355
6. Indah Kiat Pulp & Paper (INKP): Above 1820
7. Lippo Karawaci (LPKR): Above 680
8. Telekomunikasi Indonesia (TLKM): Above 8500
9. Timah (TINS): Above 2175
10. Unilever (UNVR): Above 10950

Good Luck!

CK

Disclaimers Apply