Monday, May 28, 2012
Saturday, June 17, 2006
Market Technical Rebound Started
Note that even if in a downtrend or bear market, there are bouts of rebounds, shorter term averages tend to converge with longer term averages if the former is too distant from the later one resulting in oversold situations that prompt the short sellers to cover back shorted positions due to temptations of fat profits from shorting, which is the case in the current market, an oversold one.
I noticed that about 81 stocks on my radar screen had formed small double bottoms and had broken above their respective db necklines. Some of these breakouts were backed by heavy volumes, especially for some China plays.
What does this mean? The market is mature for a relief rally or a sucker rally as mentioned in the market comment in this blog a few days ago.
China plays may lead this rebound until shorter term averages converge with the longer term averages, resistance of this rally. Most stocks may have abilities to rebound about 50% of total fall from high.
Bear in mind that maybe this is merely a relief rally in the bear market, which may resume dropping after this bear rally. Remember to take this excellent opportunity to exit all long positions since the bear has been in this market for a while already and may continue to stay for a prolonged period.
To participate in this rebound, we may focus on following counters, buy or add positions near necklines of DBs, sell after rebounding of about 50% of total fall (This principle applies to existing positions, too.). It is not necessary to stick to the same counters in hand if you want to average down, buy the strongest ones instead since they are the most possible ones to outperform the generla market and those laggards in large margins.
China Essence db .455 -.505
China Milk db .83-.92
Fabchem db.38-.41
Luzhou db .49-.59
FerroChina db .55-.61
Mediaring
China Dairy db .465-.51
China Paper tb nl .325
China Precision db .265-.32
MidasChinaPetro db .43-.50
EzyhealthXPress db .125-.14
LongcheerPac Andes db .635-.70
Link Hi db .15-?
HengXin db .32-.37
JiuTian db .395-.465
SkyChina db .295-.325
Note that even if in a downtrend or bear market, there are bouts of rebounds, shorter term averages tend to converge with longer term averages if the former is too distant from the later one resulting in oversold situations that prompt the short sellers to cover back shorted positions due to temptations of fat profits from shorting, which is the case in the current market, an oversold one.
I noticed that about 81 stocks on my radar screen had formed small double bottoms and had broken above their respective db necklines. Some of these breakouts were backed by heavy volumes, especially for some China plays.
What does this mean? The market is mature for a relief rally or a sucker rally as mentioned in the market comment in this blog a few days ago.
China plays may lead this rebound until shorter term averages converge with the longer term averages, resistance of this rally. Most stocks may have abilities to rebound about 50% of total fall from high.
Bear in mind that maybe this is merely a relief rally in the bear market, which may resume dropping after this bear rally. Remember to take this excellent opportunity to exit all long positions since the bear has been in this market for a while already and may continue to stay for a prolonged period.
To participate in this rebound, we may focus on following counters, buy or add positions near necklines of DBs, sell after rebounding of about 50% of total fall (This principle applies to existing positions, too.). It is not necessary to stick to the same counters in hand if you want to average down, buy the strongest ones instead since they are the most possible ones to outperform the generla market and those laggards in large margins.
China Essence db .455 -.505
China Milk db .83-.92
Fabchem db.38-.41
Luzhou db .49-.59
FerroChina db .55-.61
Mediaring
China Dairy db .465-.51
China Paper tb nl .325
China Precision db .265-.32
MidasChinaPetro db .43-.50
EzyhealthXPress db .125-.14
LongcheerPac Andes db .635-.70
Link Hi db .15-?
HengXin db .32-.37
JiuTian db .395-.465
SkyChina db .295-.325
Market Technical Rebound Started
Note that even if in a downtrend or bear market, there are bouts of rebounds, shorter term averages tend to converge with longer term averages if the former is too distant from the later one, which is the case in the current market, an oversold one.
I noticed that about 81 stocks on my radar screen had formed small double bottoms and had broken above their respective db necklines. Some of these breakouts are supported by heavy volumes, especially for some China plays. What does this mean? Seems the market is mature for a relief rally or a sucker rally as mentioned in the market comment in this blog a few days ago.
China plays may lead this rebound until shorter term averages converge with the longer term averages, resistance of this rally. Most stocks may have abilities to rebound about 50% of total fall from high. Remember to take this excellent opportunity to exit long positions since the bear has been in this market for a while already. Bear in mind that this is just a rebound, market will fall again after this rally.
To participate this rebound, may focus on following counters, buy or add positions near necklines of DBs, sell after rebounding about 50% of total fall, this principle applies to existing positions also,
China Essence db .455 -.505
China Milk db .83-.92
Fabchem db.38-.41
Luzhou db .49-.59
FerroChina db .55-.61
Mediaring
China Dairy db .465-.51
China Paper tb nl .325
China Precision db .265-.32
Midas
ChinaPetro db .43-.50
Ezyhealth
XPress db .125-.14
Longcheer
Pac Andes db .635-.70
Link Hi db .15-?
HengXin db .32-.37
JiuTian db .395-.465
SkyChina db .295-.325
Note that even if in a downtrend or bear market, there are bouts of rebounds, shorter term averages tend to converge with longer term averages if the former is too distant from the later one, which is the case in the current market, an oversold one.
I noticed that about 81 stocks on my radar screen had formed small double bottoms and had broken above their respective db necklines. Some of these breakouts are supported by heavy volumes, especially for some China plays. What does this mean? Seems the market is mature for a relief rally or a sucker rally as mentioned in the market comment in this blog a few days ago.
China plays may lead this rebound until shorter term averages converge with the longer term averages, resistance of this rally. Most stocks may have abilities to rebound about 50% of total fall from high. Remember to take this excellent opportunity to exit long positions since the bear has been in this market for a while already. Bear in mind that this is just a rebound, market will fall again after this rally.
To participate this rebound, may focus on following counters, buy or add positions near necklines of DBs, sell after rebounding about 50% of total fall, this principle applies to existing positions also,
China Essence db .455 -.505
China Milk db .83-.92
Fabchem db.38-.41
Luzhou db .49-.59
FerroChina db .55-.61
Mediaring
China Dairy db .465-.51
China Paper tb nl .325
China Precision db .265-.32
Midas
ChinaPetro db .43-.50
Ezyhealth
XPress db .125-.14
Longcheer
Pac Andes db .635-.70
Link Hi db .15-?
HengXin db .32-.37
JiuTian db .395-.465
SkyChina db .295-.325
Market Technical Rebound Started
Note that even if in a downtrend or bear market, there are bouts of rebounds, shorter term averages tend to converge with longer term averages if the former is too distant from the later one, which is the case in the current market, an oversold one.
I noticed that about 81 stocks on my radar screen had formed small double bottoms and had broke above their respective db necklines. Some of these breakouts are supported by heavy volumes, especially for some China plays. What does this mean? Seems the market is mature for a relief rally or a sucker rally as mentioned in the market comment in this blog a few days ago.
China plays may lead this rebound until shorter term averages converge with the longer term averages, resistance of this rally. Most stocks may have abilities to rebound about 50% of total fall from high. Remember to take this excellent opportunity to exit long positions since the bear has been in this market for a while already. Bear in mind that this is just a rebound, market will fall again after this rally.
To participate this rebound, may focus on following counters, buy or add positions near necklines of DBs, sell after rebounding about 50% of total fall, this principle applies to existing positions also,
China Essence db .455 -.505
China Milk db .83-.92
Fabchem db.38-.41
Luzhou db .49-.59
FerroChina db .55-.61
Mediaring
China Dairy db .465-.51
China Paper tb nl .325
China Precision db .265-.32
Midas
ChinaPetro db .43-.50
Ezyhealth
XPress db .125-.14
Longcheer
Pac Andes db .635-.70
Link Hi db .15-?
HengXin db .32-.37
JiuTian db .395-.465
SkyChina db .295-.325
Note that even if in a downtrend or bear market, there are bouts of rebounds, shorter term averages tend to converge with longer term averages if the former is too distant from the later one, which is the case in the current market, an oversold one.
I noticed that about 81 stocks on my radar screen had formed small double bottoms and had broke above their respective db necklines. Some of these breakouts are supported by heavy volumes, especially for some China plays. What does this mean? Seems the market is mature for a relief rally or a sucker rally as mentioned in the market comment in this blog a few days ago.
China plays may lead this rebound until shorter term averages converge with the longer term averages, resistance of this rally. Most stocks may have abilities to rebound about 50% of total fall from high. Remember to take this excellent opportunity to exit long positions since the bear has been in this market for a while already. Bear in mind that this is just a rebound, market will fall again after this rally.
To participate this rebound, may focus on following counters, buy or add positions near necklines of DBs, sell after rebounding about 50% of total fall, this principle applies to existing positions also,
China Essence db .455 -.505
China Milk db .83-.92
Fabchem db.38-.41
Luzhou db .49-.59
FerroChina db .55-.61
Mediaring
China Dairy db .465-.51
China Paper tb nl .325
China Precision db .265-.32
Midas
ChinaPetro db .43-.50
Ezyhealth
XPress db .125-.14
Longcheer
Pac Andes db .635-.70
Link Hi db .15-?
HengXin db .32-.37
JiuTian db .395-.465
SkyChina db .295-.325
Thursday, May 04, 2006
Interra
Major Player has not completed his job of flushing out the weak holders since volumes are still high. May need to flush up and down a few more times to achieve this.
Guess many are already very scared by actions of the major player. Look for contraction of volumes before buying or adding positions. I’m holding my positions firmly at this moment.
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