Dow had reversed it's course for now

I have just developed a tool or skillset that would allow me see reversal after a up or down trend. It is still work in progress but so far results have been pretty good. One reading I wish to share today is on Dow chart. This is a continuation of where I left behind from my last Dow post. You can see below how I used this new tool or skillset to confidently predict a reversal in Dow.

As you can see the whatsapp messages, I told a buddy that I saw reversal for Dow based on 24,880 level breached. This was a correct view. Dow effectly started to show weakness and then plunge downwards as of yesterday 29th May 2018.

I will be watching Dow's movements regularly and determine to catch the next reversal after this drop is over. Stay tune! 

Increase the odds in winning - ♡ Indexes reading

How do I get my confidence when I bought in a stock and expect the stock to move up? First step is to get the indexes direction right. Let me show you an updated Dow chart as an example.

if you zoomed the Dow chart above, the last bar ( Long red bar ) took place on 25th Apr 2018. The Dow index movement and direction were predicted and shared with members at that time. I have clearly drawn out that Dow will hit  support the third times before going in for reversal move. Wave 'e' move was terminated the moment index bounced. New wave / new structure will be in play after that. 

Today 14th May 2018, Dow chart looks like this. 

So, when you get the reading of indexes direction right, you will be confidence whenever you execute a buy order. Agree? 

Based on this latest 14th May 2018 chart for Dow, I already have a game plan and prediction in mind, I will be sharing the next Dow's movement with friends and members. For goodwill, I will leave a clue to you today, Dow is showing corrective move. So, what do I meant by that? 

Any TA gurus or TA gungduh - Lynlynnakamori will impart this info to you? I really do not think so. Good luck!

Differences between good calls vs poor calls

I think soon this blog will be changed name to #TrustNoToLynLynnakamori. Just joking, Well, if you follow TA guru-Lynlynnakamori in InvestingNote.com or most of the so called TA gurus out there, you will realised many of their stock calls were made after the stock had already ran up or so called 'break out' buy. Seriously, this kind of buy calls are so low level, so beginner. Well, one can argues that price may appreciate more from 'break out' buy, the truth is many actually lost money chasing all these so called ' break out' buy.  Very often, price will come off again and hit 'cut loss' price. Asked youself, how many times have you done this? How many times did you win? The answer is less than 50%.

I am going to show you examples of TA guru - Lynlynnakamori 'Right' calls. It is really a low class call, even a fool can do it. The stock she made her call today - ♤ Genting Singapore, dated 11th May 2018. She has a few more calls but I will only use this stock. See below:

See below, she expect bullishness to continue and price to appreciate to 1.38 level. That was after Genting Singapore reported a good set of Q1 result yesterday, and price had already shot up from 1.16 to 1.23 (open price today 11-May-2018). So, what is the percentage that price will go up to 1.38 level from here? You already missed 1.16 entry level, buying 1.23 today will exposed you to higher risks when you chase. So, in this case, can Genting move higher? What should you do? Look for me, I will give you an answer. 

So, I talked so much, what I have done to comment? Am I better or more superior? I am not showing off, I am just telling you all that the better ones are those who can predict prices before price actions have taken off. I made wrong calls as well, but I have more rights ones definately. See below.

All my three stocks, Singpost, Wingtai and Genting were called two days ago, dated 9th May 2018. They were shared with my members.

1. Singpost entry level 1.32 on 9th May, today 1.36, 1.03pm 11th May 2018

2. Wingtai entry level 2.03 on 9th May, today 2.09, 1.03pm 11th May 2018

3. Genting entry level 1.16 on 9th May, today 1.25, 1.03pm 11th May 2018.

So, who has the better call ? What levels have higher probability of winning trades or investments? Don't blindly follow TA gungduh-Lynlynnakamori. She is just as good as any others out there,  nothing special except some TA skills and good followers. 

Lynlynnakamori - TA guru or TA gungduh

Update 7th September 2019: -

I visited InvestingNote today and realised this old post was being put up to talk about lynlynnakamori. In trading, no one is above all, every trader's decision to execute a buy or sell is just one voice, one view. You will win money when market agree with your view and you made money, simple. 

If you pay money and join in a guru group or syndicate, each guru's call on a particular stock will likely to create massive interest on that stock. This is because your action to follow that guru's call also followed by others in the same group. So, this sudden spike in demand causes the stock price to go up..
So, is the guru's TA skill good or you are the reason why her TA skill good ? Think about that.

If you wish to join in a channel with all the profession traders, come join in this Telegram channel : https://t.me/Trading_Gram
There are free TA courses being shared in this channel.


I am just going to wind up my last comment on Hi-P showing some real time pricing today and show how Hi-P had done the magnificient drop since my first post.

Date : 4th May 2018, Hi-P last traded price was at 1.48!

If I have been a short, I would cover my short at current price and wait for some mini rebounds to take place. So will this mark the end of Hi-P drop? I see recovery short term but only to see further drops on longer timeframe. Why so?
Hi-P reported only $10Mil plus net profit first quarter, if I use $10Mil each quarter to project full year, the annual profits will only be $40Mil. Market cap for current price $1.48 of Hi-P is still at $1.2bil. This translate to PE 30 times. Expensive or not? You decide. Well, one can argue that quarter one is generally slow for the industry, so I take $20Mil for balance 3 quarters and derive at $70Mil net profit for 2018. It is still PE 17 times.

Ok, let us see what TA guru - Lynlynnakamori has to say about Hi-P this time. Oh by the way, when her stocks crashed, her blue blood also crashed. She claimed her bloodtest results not good when Hi-P price was plunging. I mean, my blood will also be bad if I watch my investment money burnt. Here it goes :

 

See, TA guru estimated price target for Hi-P to be $2.50 in a year time. Oh yah, this target has gotten to do with Apple share buy back. So, Hi-P now need Apple to support its results. How confusing it is. 

Let me share all Lynlynnakamori previous TA charts on Hi-P, you decide if she is indeed a TA guru or TA gungduh. 

1. Hi-P chart dated 10-Apr-2018

Verdict : Wrong, false break out, price came down.

2. Hi-P chart dated 11-Apr-2018. 

Verdict: Wrong, tripple tops seen, pointing down.

3. Hi-P chart dated 20-Apr-2018

Verdict: Wrong, support so weak, price came down fast and furious.

4. Hi-P chart dated 30-Apr-2018
Verdict: Wrong, price went below crucial support, head lower below 1.50 region

Four times! Four readings all wrong! How could Lynlynnakamori claimed to be TA guru with all these bad charts. Let us don't be a gungduh blindly following a TA gungduh.