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.
"To investors willing to buy and hold common stocks for the long term, the stock market has offered excellent rewards over the years in terms of both dividend growth and capital appreciation. The market is even more challenging, fulfilling, and rewarding to resourceful investors willing to learn the art of cyclical timing through a study of technical analysis.
The advantages of cyclical investing over the "buy and hold" approach were particularly marked between 1966 and 1982. The market made no headway at all – as measured by the Dow Jones Industrial Average (DJIA) – in the 16 years between 1966 and 1982. Yet there were some substantial price fluctuations. Although the DJIA failed to record a net advance between 1966 and 1982, the period included five major advances totalling 1500 Dow points. The potential rewards of cyclical investing were therefore significant."
~ Except from Book "Technical Analysis Explained"
By Martin J. Pring
*. Think long term when trading
*. Avoid outcome bias (tendency to judge a decision on the basis of its outcome rather than process).
*. Believe in the effects of trading with positive expectation.
“A Turtle never tries to predict market direction but instead looks for indications that a market is in a particular state. This is an important concept. Good traders don’t try to predict what the market will do; instead they look at the indications of what the market is doing”
- from Book “Way of The Turtle”
Following markets are close today due to:
Australia – Easter Monday
Hong Kong – Easter Monday / Ching Ming Festival
China & Taiwan – Tomb Sweeping Day
Thailand – Chakri Memorial Day
* +DI line indicative of how strong the buyers are and the -DI line indicative of how strong sellers are.
* ADX above 40 (some use other lower numbers) and raising ==> Strong Upward Trend.
* ADX below 20 ==> Ranging Market.
* +DI line above -DI line, buyer is in control.
* -DI line above +DI line, seller is in control.
* Do not use trend trading strategy when the ADX is below both the +DI and -DI lines.
Trading Success = Winning Psychology x Effective Money Management x A Trading Plan with An Edge
How do these elements assist the trader? As traders, our psychological state,
or mental mind-set, can lead to consistent profitability; our money management
ability determines the size of our position and bet size; and our trading plan
delivers the edge, defining how and when the edge occurs.
~ Ray Barros
Book: The Nature of Trends:
Strategies and Concepts for Successful Investing and Trading
Go to account opening page now
Existing Clients
Refer A Friend And Be Rewarded!
Reuters Business News Singapore Business News Business Week Investing / Finance News Articles from Motley Fool
