Trust Bank Singapore, New Digital Bank Freebies!

Image
Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving
Post a Comment

Chart Patterns and Time

Technical analysts claim they can predict the market psychology by looking at chart patterns. However, my observation is they are unable to predict the time the chart patterns will complete. Some technical analysts use additional parameters to predict the time of market turns. Again, they have difficulty predicting the time the chart patterns will complete.

But when I use Fengshui forecast together with the chart patterns, the market timing was perfect. Fengshui can forecast the market psychology.

So, it takes time for the chart patterns to form and complete. A lot of patience is required before we can confirm the continued downturn or reversal in the chart patterns.

2 famous trend reversal patterns are the Head and Should Pattern and the M Pattern or Double Top Pattern. Below is an analysis done by Daryl Guppy on October 27, 2008:

"The DOW is using the slope of the Head and Shoulder pattern neckline as a resistance level. This will limit the ability for the market to recover. Strong resistance is at 10000. The downside support level is near 7500. Watch for consolidation behaviour near this level. The next strong historical support level is near 4000. This is true Depression territory.

S&P 500 is forming an M Pattern. The long term support near 1060 failed. It will act as a resistance level. The valley support level in 2002 is near 780. This is a strong rebound point, but prior to 2002 it had no historical basis as support. Traders will be very alert for rebound and consolidation activity to develop near this support level. Failure to hold puts a Depression downside near 420."

(click on the diagram to zoom out)

One method to confirm a trend reversal of the Head and Shoulder Pattern is the formation of a Double Bottom. A double bottom, followed by A and V patterns as shown in the diagram, confirms the reversal. Another reversal pattern is the inverted Head and Shoulder Pattern. It takes time for the patterns to complete. Time can be in months or years!

Can you tell when the M Pattern formation in the S&P 500 will complete? Can you see the long term trend?

Comments

Post a Comment

Popular posts from this blog

CPF@55 Policy Designed to Make the Rich Richer!

CPF@55  Policy Designed to Make the Rich Richer! Do you know that  CPF@55  policy can help you get richer with a bigger SA (Special Account Balance) after 55? Yes, provided your are rich with a big OA (Ordinary Account Balance) and SA which exceeds the FRS (Full Retirement Sum).  Assuming you have $240k (SA), $160k (OA) and FRS is $200k, this is how you can become richer after 55: 1.  2 weeks before your 55th birthday, buy a stable Unit Trust Bond Fund with $200k SA under CPFIS/SA investment scheme (minimum $40k SA must be maintained) 2.  On your 55th birthday, CPFB will transfer $40k (SA) and $160k (OA) to your RA (Retirement Account) to form $200k FRS. 3.  Next day, sell your CPFIS/SA investment of $200k, this will be returned to your SA. 4.  You now have $200k (SA) and $0 (OA) after RA is created! What happens on your 55th birthday if you did not do the hack (ie. step 1&3) above?  CPFB will transfer $200k (SA) to RA.  So after 55, you will have $40k (SA) a
Read more

Fengshui Forecast was Spot On Again!

Fengshui Forecast for August 2008 Stock Market was spot on again! STI had a major correction of more than 10%, dropping from 2906 on August 1 to 2574 on September 5. Too bad, I was not ready to short sell this bear market. But I felt very happy that I've exited the market before this crash. Thanks for the Fengshui Forecast! I prefer to simply wait on the sidelines, with my cash holdings earning interest from the bank or money market funds. This is a bear market! Capital Preservation is Key! Cash is King! Survival first, make money afterwards! Patience will be rewarded when the Time is Right! "Mr Market has never failed to recover from every setback. But not so for individual stocks!”
Read more

Stock Trader's Almanac 2009

After I started working, I was always at MPH or Times Bookshops on weekends, reading books to upgrade myself. With internet, I no longer do that except when I cannot find the information I want. Recently, I started visiting the bookshops again. I went to Kinokuniya this time as it has a wider range of books and uncontrolled (ie not shrink wrapped). I found the Stock Trader's Almanac 2008 and read it. I was disappointed as I thought I can find things mentioned in Amfraser's STI Forecast or useful information for the rest of 2008. A very expensive book costing S$70+, but I read it free! Ha ha, times are bad, many people do that at the bookshops! When the Stock Trader's Almanac 2009 is out, you can see me at Kinokuniya again!
Read more