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| Thursday, October 04, 2007 |
| That's why I said don't predict |
http://nenixdreams.blogspot.com/2007/10/brief-summary-of-some-counters.html
Lol. Seems like it's really the case. Buying based on prediction surely isn't the way to go. News releases are so random and reason for HangSeng's fall might be due to regulations on simultaneous listings in both Mainland China and Hong Kong. Who would have expected this news?
Singapore as usual, is spooked by their actions and everyone just sells off. At least for today, at low volume, we see some recovery. Yesterdays trading shows that not many are spooked and those that sold off are those contra risk takers (If they know what they are doing, their cutloss will be pretty tight due to the risk they are taking).
In conclusion, price charts should be use as a guidance to plot your next move (follow trend) and not act as some form prediction (blindly using predifined chart patterns). There is a difference between predictive TA and ermm hindsight TA (cant think of better word. haha)?
P.S. All methods, if you know what you are doing are profitable, so I'm not bashing methods |
posted by Nenix @ 11:42 AM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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