InvStock

CIMB Ups Yangzijiang To Outperform; S$1.68 Target.

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Market sentiment might turn cautious pending the U.S. employment number for the month of August on Friday.

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* News follow events, i.e. Market moves first, then news follows.
* Source of information: Wall Street Journal, Internet.
* TV: Everybody watching same ‘Tube’. Mood spread across market at the same time for the masses.
* Focus on: “Number News” / Major Earnings Release / Capacity Utilization etc
* Buy the rumor, sell the news.
* Standing aside when unsure – standing aside is a completely legitimate decision.

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"Learning to trade has been a long journey – with soaring highs and aching lows. In moving forward – or in circles – I repeatedly knocked my face against the wall and ran my trading account into the ground. Each time I returned to a hospital job, put a stake together, read, thought, did more testing, and then starting trading again.

My trading slowly improved, but the breakthrough came when I realized that the key to winning was inside my head and not inside a computer. "

~ Dr Alexander Elder
Book: Trading For A Living

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Charts (with different indicators) of MCL Land right after announcement of S$2.45/share delisting offer from parent company, Hongkong Land.
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STI Weekly Chart (as it is)

STI Weekly Chart (with indicators)

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"… I want you to be aware that this art (technical analysis) is not
perfect. It can and does fail from time to time. In technical analysis, we are
dealing in probabilities, and even when the odds are heavily in our favor, it’s
still possible that things won’t work out as we would like or expect."

~ Except from Book "Introduction To Technical Analysis"
By Martin J. Pring

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STI been more or less down for 6 consecutive days since 3rd of Aug 2010. The big question mark is how many more trading days before it make a turn. Only time will tell.

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