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I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(30-09-2024, 09:31 AM)sgbuffett Wrote: HSI has taken out 21K level leaving those who hesitated behind now in FOMO state. My entry point was before the surge so I am not chasing. On Mondays morning is especially sharp because traders regret not buying and chase up market on Monday mornings...market tends to over shoot then cools off. Sliding down the rest of the day.
I will be looking at good exit points to take profits on my long positions should overall momentum wane ....
The biggest % move up in the current bear market is not this one but the Oct 2022 to Jan 2023. ..that rally stopped at 22700 !higher than what the HSI is today.
HSI is in a sideways market with sharp swings up whenever the Chuna govt does something. When investors fell what Iis done does not work it comes back down.
(02-10-2024, 01:51 PM)sgbuffett Wrote: I have closed my HSI long positions and gone shortbonce HSI hit 22700 level. It turn down from this resistance 3 times already.
You van check all my previous charts 22725 has been identified all along as the points to reverse long positions tk short.
(03-10-2024, 11:04 AM)Zannn Wrote: Detect up or down?
(03-10-2024, 09:56 AM)sgbuffett Wrote: I detect buyers just rushing in.....covered my shorts and going LONG.
Market remains strong.
For pro day traders these are the best markets as more amateurs come in to gamble their actions can be easily predicted as well as their psychology
(03-10-2024, 04:34 PM)p1acebo Wrote: Poor handbag Loo and Adam Khoo must be sibei tulan - only after selling all their china shares at a loss now then start to rebound strongly
(04-10-2024, 05:16 PM)winbig Wrote: A lot in this forum also caught it lah. For example the no kkj sentinel.By caught I mean all in near the bottom and loaded for the rally...
(04-10-2024, 05:42 PM)sgbuffett Wrote: By caught I mean all in near the bottom and loaded for the rally...
If one hapoen to invest and hold until now didn't catch anything they were bag holders who got rescued by the rally that minimise their losses or tip into some profits after sitting on losses for donkey yrs. These people were blur blur wondering how long they have to wait and probably regretted ever buying China stocks in the first place. There are many like this that got bailed out by the rally.
For.my self I enjoyed profits shorting HSI and managed to reverse and go LONG before this rally. But I never expect the move to be so fast and large even after hearing it from Master Leong.
(04-10-2024, 03:55 PM)sgbuffett Wrote: This is the most abrupt unexpected stock turnaround in history only David Tapper and Michael burry and master loeng of Singapore caught it ....