Freelance consultant in various fields drawn from/ based on a wide range of expertise ~ spanning over 33 years of professional services ~ benefiting international and local clients...
HAVE TOOLS WILL TRAVEL... Its a Financial Jungle Out There ~ Sharpen Your Grey Matter!

Monday 11 July 2011

Kopitiam Talk & Intellectual Discourse: Tracking an IPO - The Case for MSM ..

(c) ArifinLatif Consulting, 12jul11, 8:31am
Kopitiam Talk & Intellectual Discourse: 
Tracking an IPO - The Case for MSM
=> Bias reversal signals a potential downturn on 11 July 2011!

MSM-12jul11,advGET
 ==========

(c) ArifinLatif Consulting, 12jul11, 7:55am
 
How to Track a New IPO: The Case for MSM
=> Too early/insufficient data to get accurate signals???

=> Stochastics trending downwards - from 69 to 68.8, now at 55.9
=> Price oscillator....? insufficient data to invoke a calculation! 

My ANALYSES:

1. Stochastics => on the high side, from 69 down to 68.8 and now
at 55.9 (trending downwards!).
2. Mini EWA (Elliot Wave Analysis) => waves 1, 2, 3 completed... expect wave 4 to unfold.
3. Price reversals timing => fits into 2,3 and 8-day fibonacci sequence!
4. Wilder's Swing index => signals a 'short sell' Friday, 8/7!
5. Bill William's Profitunity Analysis => fake bars (last 2 days - categorised as 'slightly dangerous'!)
6. Japanese candlesticks => Inverted hammer on 7/7 + Three black candles appearing on 11/7!!!
 
My PROGNOSIS:
Take profits first... re-enter when mini wave 4 unfolds. 
Happy trading guys & gals! 

Salam.

MSM-12jul11,MetaStock11

2 comments:

  1. Time & Sales
    Date Time Type Last Done Change Volume ('000)
    Total Change
    07-12 11:04:26 Buy 5.490 0.000 2.5 0.5
    07-12 11:04:21 Sell 5.490 0.000 2.0 0.0
    07-12 11:04:21 Sell 5.490 0.000 2.0 1.9
    07-12 11:04:05 Sell 5.490 0.000 0.1 -12.1
    07-12 11:03:59 Buy 5.490 5.49 12.2 12.2

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