6 October 2014

Wrong with others! Rain only starts when rain drops start dropping. When the rain drops stop dropping then the rain starts stopping. Likewise, only when the price action stop failing and retrace back to some critical level, this will consider you have catch the falling knife. Otherwise not yet! Do not try to catch the falling knife! But, nevertheless when you try to hold the falling knife, this is your choice.

Often we say rain when we see black cloud and strong wind. In fact, you just need to have umbrella and wait till the rain drops start dropping. …

Chart worth a thousand words. See the two STI daily charts for what the emotions behind.

This is what we see on Singapore Stocks benchmark, Straits Times Index, STI on September 30, 2014

geometry symmetry ab = cd, September 30, 2014 STI Daily

On October 3, 2014

Singapore Stocks Benchmark, STI, Straits Times Index, October 3, 2014 Daily

To read more on other posting:

1) What is next likely level might hold the “falling knife” – ST Index

2) Pressure’s On But Keep Focus – MACD False Signals, Moses’ Stock Column

3)  Buy? Sell? There are always profits!

Stock trading is not a get rich quick scheme.

Thanks for visiting the site, AmiBrokerAcademy.com.

Moses

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