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Good Morning,
I believe this title will make some of the people in the stock forums very happy as they have a field day when they ‘bombarded’ on my blog posting yesterday.
Yes, no denying, I was bullish and my indicators are warning me about the market being oversold for some stocks and I was tracking them vigilently. My Volatiltiy Indicator is saying that the selling pressence is still there thus that’s why I gave specific support levels to exercise caution and specific resistance levels to exercise buying entries but of course, people chose to read what they like to read… just like the Class 90.5FM Gold Advertisement.
Well… in this financial industry for more than 10years now, I have seen such incidents enough to handle it, psychologically and emotional. I even continued with my Preview last night and continued to share information with the people who took the effort to attend.
Please kindly read the blog posting (yesterday) again….
http://www.didyoutrade.com/posts/sti-will-go-up-to-2850-within-this-2-3-days-look-at-the-cpo-stocks-and-banks-today/
I mentioned:
(1) DBS must cross S$14.80 for any chance of upside. The highest level it went was S$14.70 – How to buy?
(2) UOB must cross S$18.66 for any chance of upside. The highest level it went was S$18.60 – How to buy?
(3) OCBC must cross S$8.40 for any chance of upside. The highest level it went was exactly S$8.40 – Didn’t cross, how to buy? Isn’t it precise enough???
(4) I mentioned that HK must stay above its Opening Price and goes above 20714 then one can buy… but this market highest level yesterday was only 20543!! – How to execute buy??
(5) I mentioned that Shanghai must stay above 3114 for more upside but this index highest point was only 3098 – How to execute the buy order???
(6) Jakarta Index was the only one that I got it wrong in way. I say that I think there is a support at 2586 but I didn’t give entry level to go long. - But still I got this one wrong, so no doubt.
Overall, with 6 calls given and 5 didn’t get to execute, may I ask, how “haywired” can I get with my forecast? Honestly, the only WRONG that I made was that I didn’t call for SHORT and the market tanked 2.7%. So too bad, I missed the fun and money making opportunity from shorting but if anyone can recall since 7th-8th of Jan when everyone is buying the STI at above 2900… I was already giving warnings about the market being toppish for this cycle and of course, I was also “bombarded” by people in other forums… but again, the selling from 11th of Jan proved it nicely…
Honestly, many of my close friends and grads who tracks my micro reading of the market knows one thing… most of the time I can be deadly spot on for that day but incredibly, at big volatile occassion like yesterday, I am always 1-2days early because market yet not react to the prediction yet.
But nonetheless, I won’t debate further.. I believe those who really read the blog posting, are wise and mature enough to have avoided the bloodbath since the levels mentioned were not executed.
For today, I am expecting to see STI being supported at 2732 for today. As long as the STI maintain above the Opening Price of today AND ABOVE 2741, the market should see some potential UPSIDE.
If the market fail to stay above 2732, then I advice traders to wait again… don’t jump into the long side. Short?? I am NOT LOOKING to short today… But if your own technique/system/indicators say yes… please kindly go ahead. I just prefer to sit back and relax and have a cup of coffee and wait for my levels to appear TODAY.
Last of all, thanks to the cyber, behind the nick forumers, as because of their ‘bombardment’, my blog attracted more than 6000 views, 20% more than usual. It is a great advertisement for me. Thank you. *smile*
Everyone, have a great day ahead!!
Disclaimer Apply:
Overall, as long as the market that I mentioned above doesn’t break and go below the support levels that I mentioned above, I am going to see some reversal of the trend and will look forward to buy shares than selling.
But if the market does go below the support levels then I will suggest traders to exercise cutloss measurement to ensure capital protection.
Watch the CPO stocks today again, wait for entry… as crude oil seem to looking at some support around the US$74-75 /barrel level.
Have a great trading day ahead.
Disclaimer apply as usual.
Cheers!
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
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A very good morning to everyone,
By 6.30am this morning, I already received 12 SMS from my friends, starting from 11pm yesterday, seeking and asking for advices about today’s market as Dow cracked down with more than 200points, the biggest selloff since 30th of Oct 2009.
The reasons for the selling were a handful; from Obama Adminstration annoucing a proposal to increase regulation of the nation’s biggest financial firms, including limiting the size and scope of their trading operations, to lingering worries about China’s lending practice which indirectly hit the commodities and the broader market as the country is noted to be, one of the primary key buyer. An unexpected rise in the US Jobless Claims and a drop in the manufacturing activity also gave traders the triggering reason to dump shares.
Honestly, to me, being a more optimistic trader in this current situation, I see the above reasons as good riddance for us to purchase shares at a cheaper price/bargains instead. My views.
(1) Obama is doing the right thing. It is like giving a child an antibiotic injection even though he/she is not sick at the moment. The child will be upset as it is going to be painful when the needle goes into the flesh but the child will be grateful, in the later stage, that such measurement was taken.
(2) Sugar, Crude, Copper etc have risen to new high over the last 12-18months while the global economies slammed into recession over credit issues. China being one of the biggest buyer of commodity is doing the right thing to be concern about their expenditure as inflation and deflation will be the last thing any country wish to suffer on. But nonetheless, with the ever increasing human population in China and the unmatched consistency of its GDP numbers since 1998, China will still be in demand for these commodities. So a pullback will actually give one a good reason to absorb for the next wave. As what Commodity King, Jim Rogers say, commodities,in logically sense, have only one direction, and that is UP.
(3) Jobless Claim increment = there are people still unemployment and the Dow is trading at 10,500 level. Since 90% of global leaders, economists and analysts are expecting 2010 to 2011 will see reasonable growth in GDP in their own country, I cannot see why we are concern about this residual jobless claim figure during this period. We are just recovering from a bout of serious fever/flu thus one cannot expect the body to run 10s/100m right? We need time to let people return back to society but we can see that the Dow already move from 6500 to 10,500… so I really wonder, WHERE will the Dow be when these people return back to employment force, doing their part in their contribution to the society/country’s growth?
I am expecting the Dow to recover to 11,715 by end of this year. Dow closed at 10,389 last night.
At the end of the day, because I am bullish of the market, it might seem that I am pretty biase towards each buying opportunity whenever there is a big correctional like last night. But evidentally, we have proven that it makes loads of sense to follow the major trend and reading the chart from RIGHT to LEFT than the conventional LEFT to RIGHT, have shown that we were consistently right in our calls.
As mentioned yesterday,
The pivotal point for the STI was 2888. Should the market fail to go above this figure, there will be selling and indeed, it happened.
As for today, I am not going to SELL once I see the market trades above the OP of today.
Instead, I am looking to buy stocks that I think will be a great time to load since the market will sell as expected. I expect the STI to open around 2786 to 2800 level. It closed at 2850.98, DAY LOW, yesterday (something I wished for yesterday). There is a first support at 2876 level. If the Index can recover above 2837 today, it will be a GREAT DAY to buy shares today. Please mark all these levels now.
Hang Seng didn’t go above 21312 yesterday despite the good China data and slammed down 400points instead. So one couldn’t have bought the call warrant. But for today, one can start to load on the call warrant IF they see HK testing 20261 first THEN rebound. It closed at 20743 yesterday. If not, no go for the time being.
Crude Oil failed to closed above the US$78/barrel level thus I didn’t give any buy calls on the commodities related stocks. As mentioned in the previous entry, there are 2 support level. One is US$77 and the other is around US$75. Last night, the Crude lost another US$1.72 to close at US$75.87, with a low of US$75.66. Using Conventional TA(Technical Analysis), there should be some support around US$75level. So I will be watching very closely on this market. Do regularly check your email inbox, for those who paid for the Crude Oil Pattern Sessions.
Dollaryen rockected to a high of 91.87 last night before dropping like a rock to 90.10 level on US economy weakness. Currently, it is indicating at around 90.20 level. No buying until you see it going above 91.30+ level.
With that, I wrapped up my expectation for today. In summation, as long as the stock/index is trading above their OP (Opening Price) of today, I am NOT SHORTing them.
Remember: Every Successful Transaction is between a willing BUYER vs a willing SELLER… If everyone is deem to be selling and there is a transaction made… who is BUYING????
As quoted by the market, trading is about using common sense but the problem is common sense is not as common in the market when trading is a concern.
By 9.30am, I will be sharing some stocks that I think you can long for the next 1-2weeks for some short term profits. Refresh this blog regularly for today.
Cheers! Hope everyone make MORE MONEY!!!
ps: Since yesterday, we are receiving registration emails for our Real Life Trader SPECIAL Edition. Once we reach maximum capacity, we will cease registration. The invited trader will only share this 6.8million yen trade once.
Disclaimer apply as usual.
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
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Good Evening,
For those who attended the post-preview Crude Oil Pattern special, you should have remembered what I shared with you. A Special Email has been sent to those who paid the S$50. Another email with the charts will be send to you tomorrow morning. Please kindly check your email box. If you didn’t receive it, please contact my assistant, Evelyn to forward it to you.
Cheers!
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
No Comments »
Good Afternoon,
Upon the released advertisement for this coming Wednesday preview, emails had began to flood in. We will be showing you WHY we chose Genting today since last week and how we helped a graduate to overturn a deficit US$757 intraday loss to a profitable US$1718 on the SAME DAY, using a S$8000 capital on the Futures Market.
RSVP NOW: Sales@cronwell.com.sg now. Very Limited Seats!!
We will show Live trades on NIKKEI, SIMSCI, Dollaryen and the Crude Oil.
We will showcase the reason of the charting and Entry/Exit Printshots.
You will get to see the POWER of knowing V3Go system, especially V3Go TSC (The Secret Channel) and why V3Go teach graduates to read from RIGHT to LEFT instead!
As predicted the Crude Oil have fallen from US$83/barrel to now below US$78…. another great opportunity to make money is here…. for those of you who are interested to know more about this Crude Oil V3Go PATTERN, you can place a S$50/pax deposit for the upcoming V3Go Mentoring Program and you will be entitled to a 20 minute, closed-door consultancy on SPECIAL stock information, similar to this V3Go Crude Oil Pattern. If the information turns out correct, I am very sure you will participate in our upcoming programs, through which hundreds of people from Singapore and Indonesia have witnessed the TRUE POWER of knowing V3Go methodologies.
After the Preview,
NOTE: The Preview from 7.30-9.30pm is FREE. The SPECIAL V3Go PATTERN consultancy is after the Preview. S$50/pax to hear Kelvin speak on the V3Go PATTERN and how to profit from a bunch of his personally selected stocks, with precise entry prices! An event not to be MISSED!
PS: For those who paid for this event last week, you are entitled to listen again, to get an update. Its FREE for you as long as you bring along your S$50 reciept. If you have misplaced it, please kindly contact Evelyn and let her know about it.
Contact us at sales@cronwell.com.sg now!!
V3Go Team
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Good Morning Everyone,
I am alittle beat after last night’s wonderful preview therefore with a running nose now, I think it make loads of sense to take a break for today, to nurse myself back to health.
Over the last few days, I have been calling for sell/get out from the market and honestly, many people questioned me on this call as the market continued its broadbase buying by the pennies.
But I remained steadfast on what I believe and saw the selling in the FOREX market first… then the Commodities… then the Blue Chips…. then the 1st Liners… I know that the U-Turn is just around the corner. That’s the POWER of knowing V3Go techniques and use it around all markets.
Honestly, I am bearish because the techniques calls for SELL but I am overall, Bullish for 2010 thus, this selling will actually give me another OPPORTUNITY to be able to BUY LOWER later, to ride this BULL.
Again, I may be wrong shall the market fail to recover but since we are believers of PATTERNs and we have consistently profited from these PATTERNS, it make sense to continue following it.
If I am right for today, I foresee more selling in the afternoon upon the opening of the European markets. HK may lose 400-500points over this 2 days.
This should give some investors/traders the jitteries and let go of their holdings and when that happened… we all should know that, its time to locate GOOD Stocks to load for the next BUY UP again.
Hope you see where I am coming from AND wish that you won’t be asking me at THAT time, how come I am NOT asking for short then… *smile*
>>> Kelvin Han’s trading methods:
When the market is on the DOWNTRend, look out for Buying opportunities
WHen the market is already DOWN and Selling kept coming in but price remain steady, look for ENTRY levels.
When the market rebound from this wave, Stay on the Long side and set trailing stop, not profit level… and ride the WAVE UP…
When the market is on the UPTREND, look out for Selling Opportunities
When the market is already UP and Buying kept coming in but price remain steady, look for EXIT levels.
When the market stops from this wave, stay out from the long and prepare to sell and ride the WAVE Down… with a trailing stop…
>>> The cycle repeats again…
Cheers!
Disclaimer as usual applies
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
No Comments »
Good Evening Everyone,
We really hit our maximum capacity for tomorrow’s Preview..
We still have many on the standby list .. we really didn’t expect such overwhelming response from you. Thank you so much for your support!
For those who received our confirmation email, please kindly be at the location from 7.15pm onwards so that we can start it punctually at 7.30pm.
Have a good rest everyone, see you tomorrow!
V3Go Team
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Good Morning Everyone,
With the Dow ending 155points higher, covering 31st of Dec 2009’s selling, many traders might be thinking the worse is over and might be jumping into the buying wagon.. Honestly, I prefer NOT to do that. This is what I shared with my graduates this morning before the market started at 8.36am our V3Go Grads-Only Skype Conference.
Good Morning Everyone.
(cash) (cash) (cash)
Today will be a good day to BOOK profits for the Long side. Sell into strength and try not to be lure into over-bought stocks. The Blue Chips and some of the regional stock indicies are showing signs of potential weakness. We have made good money from the long side while other traders were having jittery.
Now they seem wanting to jump into the long side today… its time for them to buy from us.
If you insist of buying, then ensure you know what/where your potential risk is.
For me, as long as the SIMSCI and NIKKEI are below OP, I am not going to long any stocks.
Hang Seng is expected to gap up and fall ( closing price below UT TSC and upside sparrow formation )
Cheers!
KH
———————————-
Of course, I may be proven wrong shall the market rally today but I rather play safe. We are not contrarian but traders who used our techniques to gauge the market sentiment for ENTRY and EXIT. I suspect Taiwan and Hong Kong Market to fall more, then follow by NIKKEI, Shanghai then Singapore and Indonesia market. Pound is expected to fall too.
Nothing is 100% but since everyone have benefited from the run, why not take a breather for today? The choice is yours! Cheers!
Disclaimer applied as usual.
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
No Comments »
Good Afternoon,
Remember on the 16th of Dec, (Use the blog search engine on the right side), we call for long on Indon Agri, Genting, SAR, Swiber, Golden Agri and Yingli??
Most of them are up more than 8% since. That’s less than a month of investment!! Isn’t it incredible??
Later this week, we will be doing an overview of how we know these stocks will move up… and then you may really want to consider to join our 31st V3Go Mentoring Program in late Jan 2010. Some have already paid the full course fee, way before their course because they want to see ‘live market calls’ of ours in the V3Go Grads-Only Skype Conference. I heard that one of them already made S$500 on Olam recently!! Isn’t it fantastic!! Which course in Singapore give you market idea before the course even start??
Join US now by contacting us at sales@cronwell.com.sg and find out HOW you can join the ’live market commentary’ as a V3Go Grad.
Cheers!
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
V3Go Team
No Comments »
Good Afternoon,
Since March 2009 when STI was at 1450, I been very bullish on the local STI and regional Asian Equities market despite the Experts, Analysts and Economists calling for sell or get out.
Then came June, when it was trading at 2350, based on mathematics, its UP by 62%. Based on any TA textbook, its overbought but I stand firm on my stand that the market still got plenty of room to go up highly. But again, many Experts were looking at a double bottom formation to ocur then.
Then we saw Sep, the index hit 2680 and again, based on Mathematics, its UP by 84% since March’s low of 1450. Versus June level against Sep level, isn’t it super duber overbought? And more people fear on possible correctional move to come. More people went short than going long. More people are staying on the side but again, I stood firm with my stand.
Now is Dec 2009, the Index is trading at 2856, based on Mathematics, it is UP by 96%!!! Are you selling??? Based on some survey in Hong Kong, more than 70% of the investors there are less than 50% invested in the market!!!
At V3Go, we don’t re-invent the WHEEL, we just make it better.
Cheers!
Disclaimer apply as usual
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
No Comments »
Good Afternoon,
With less than 30mins to go, we will end today’s postings.
On our trading radar, we are eyeing on Sinotel and Olam for next week, on the long side.
We will cover more as next week progress.
Meanwhile, on behalf of every in V3Go Team, I wish everyone a Very Good Christmas Eve today and see you on Monday. For those partying, please kindly put your car at home and take the TAXI instead. It’s your social responsibility to do that. For those going to eat alot of the Christmas goodies, go slow and watch your intake as you don’t want to overstuff yourself.
If not, have a great day ahead!
MERRY CHRISTMAS!!
Kelvin Han
V3Go Team
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