MY TAKE ON INVESTING

Like everyone else, there is only one reason why I study, analyse and participate in the financial markets - and that is to make money. But the difference with me and most other people is that I am willing to use anything (legally) possible to do it. If counting the number of cockroaches that I see everyday gives me an edge in the market, I'll do it. If it works, I'll use it; be it keeping tabs on the economy, looking at charts and indicators (technical analysis), looking at value or growth potential (fundamental analysis), profits & earnings + other related market activity (quantitive analysis), through insider activity + consumer surveys (sentiment analysis) and yes even astrology.

I've spent over five years monitoring, studying, observing and trading the financial markets. My quest was to find out what makes the financial markets move, to find something substantial, something that will provide consistent monetary gains. I don't want to just accept what other authors say/write as gospel truth, I want to know why. In 2005, I took a masters degree in finance to see if what they teach in the university adds any value towards investing success - the answer is 'not really'. Investment knowledge builds up with time - what might seem unimportant to you now may become what you need to get you to the next 'level'. Such is my experience with fundamental, quantitative, economic and sentiment analysis.

What you see in this blog represents quite a number of item(s) and technique(s) that have met - like what W.D. Gann says - my '(utmost) satisfaction' and I hope that they can be of use to the investment pilgrim who's also on a quest for understanding and success.
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Thursday, May 19, 2005

End of Day Market Thoughts 19 May 05

Singapore stocks finished higher on the queue from US and the regional mkts. Two stocks that caught my attention with Type B divergence on the oscillator were Noble and Comfortdelgro. I found out that the divergence can appear on either on a 10-day setting or 15-day setting.

Offhand, Noble seems to be a better choice due to the lower volume (still room for volume expansion) whereas Delgro has had high volume for 2 days... might see some consolidation as it is still rather far away from the 10EMA.

After 3 days of rally, the US mkt might be taking a short breather soon, with that, Singapore might also consolidate, and hopefully setting up some continuation (RH or Sequential Breakout) setups.

Cosco is actually looking rather attractive in light of the recent sell-off that widened its gap from the target price, giving it room to move again....

posted by SmokingFlax @ 7:54 AM   0 comments

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