NEWS EXPLANATION OF:-
ECONOMIC DATA AND STOCKMARKET
if economic data is good,index rises, news will say investors optimistic
if economic data is bad,index rises, news will say QE3 hopes reignited
if economic data is good, index falls, news will say QE3 hopes dimmed
if economic data is bad, index falls, news will say investors pessimistic
GOLD AND STOCKMARKET AND ECONOMIC DATA
if gold rises,stockmarket rises, inflation higher,news will say inflation pushes asset classes up.
if gold falls,stockmarket falls, inflation higher,news will say inflation erodes asset values
if gold rises,stockmarket falls,inflation lower,news will say investors run to safe havens due to economic contraction.
if gold rises,stockmarket rises,inflation lower,news will say asset classes rises on weak usd
if gold falls,stockmarket falls,inflation falls,news will say economic pessimism
if gold falls,stockmarket rises,inflation higher,news will say investors ditch gold as safe haven status
if gold falls,stockmarket rises,inflation lower,news will say investors ditch gold as no need to hedge against inflation
MUCH MORE EXCUSES...EVEN IF ECONOMIC DATA IS DIRECTLY OPPOSITE THE NEXT DAY,NEWS WILL JUST GIVE ANOTHER EXCUSE AS IF STOCKMARKET INVESTORS ARE ALL DIFFERENT PEOPLE!!
PATTERNS ARE MUCH MORE RELIABLE AS IN THE HANGSENG 1 YEAR DOWNTREND CYCLE,4 OUT OF 5 DOWNTREND CYCLES ARE 1YEAR EACH,SP500 7 YEARS TIMING TO THE NEXT RESISTANCE AND SUPPORT,EG.2000-2007-(2014?),AND 2002-2009-(2016?),ETC.
I GRADUATED FROM ECONOMICS AND MATHEMATICS FROM MATIONAL UNIVERSITY OF SINGAPORE AND YET I NEVER USED ANY SHIT ECONOMICS IN ANY OF MY STOCKMARKET ANALYSIS.
I AM NOT A LABOUR UNION CHIEF NOR AN ECONOMIST BY JOB.MY JOB IS A STOCKMARKET TRADER AND I KEEP EVERYTHING TO THE STOCKMARKET CHARTS ONLY.PLAIN AND SIMPLE.
HOW MANY OF YOU WAITED TILL THE ECONOMY TO GET BETTER,THEN BUY STOCKS?FOR EXAMPLE, HOW MANY OF YOU WAITED TILL SINGAPORE TO BE OUT OF RECESSION IN END OF 2009 TO 2010 THEN BUY STOCKS??BY THAT TIME STI HAS ALREADY GONE UP BY NEAR DOUBLE FROM 1455 TO 2700 IN JUST A FEW MONTHS.
WHEN YOU WAIT FOR THE RECESSION TO BE OVER,CAN U GUARANTEE THAT THE NEXT CRISIS WONT BE AROUND THE CORNER??FOR EXAMPLE,WHEN THE USA CAME OUT OF RECESSION,SUDDENLY COMES THE EUROPE CRISIS.
IF YOU HAVE A THOUSAND AND ONE REASONS NOT TO ENTER THE MARKET NEAR LOWS,GET A VIBRATOR AND ENTER YOURSELF.I AM PROUD TO ANNOUNCE I BOUGHT STOCKS HEAVILY AT THE END OF MARCH 2009,IGNORING SINGAPORE'S LEADER MINISTER MENTOR LEE KUAN YEW STATEMENTS THAT SINGAPORE RECESSION IN 2009 OPTIMISTIC SCENARIO IS 2 YEARS.
Or it could take up to six years; export model is still the best, says MM
By Clarissa Oon, Senior
Political Correspondent
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MINISTER MENTOR LEE KUAN YEW SAID ON MARCH 21ST 2009, I BOUGHT STOCKS IMMEDIATELY NEXT WEEK,AFTER THE WEEKEND HE SAID IN THE NATIONAL NEWSPAPERS.MANY IDIOTIC SINGAPOREANS ASKED ME "WHY ARE YOU SO URGENT TO BUY STOCKS WHEN MM LEE SAYS RECESSION OPTIMISTIC 2YEARS to recover?"
IN THE END WHO IS RIGHT?THOSE WHO ENTERED STOCKMARKET AFTER SINGAPORE'S LESS THAN 1 YEAR RECESSION ENDED,ALL BOUGHT WHEN THE STI WAS AT 2.7K - 3.2K. MAY I ASK THOSE WHO ENTERED SO LATE IN THE GAME-HAVE YOU EARNED ANY PROFITS BY HOLDING TILL NOW,2012??
BTW,I SAID YESTERDAY,THOSE WHO SHORTED THE HANGSENG AND STI YESTERDAY ARE IDIOTS.THE VERY NEXT DAY,STI ROCKET UP 35POINTS TODAY.
I CRITICISE PEOPLE IS WITH PROOF.I CALL THEM IDIOTS IS WITH PROOF-
TRADERS WHO SHORTED YESTERDAY IGNORED MANY MANY BULLISH SIGNALS FROM THE MARKET:
1) WHEN DOW WAS -180 ON LAST FRI NIGHT,THE VIX WAS ONLY +3%.
2) DOW CLOSED -120 ON LAST FRIDAY NIGHT,THE VIX EVEN ENDED NEGATIVE!!
3) USD WENT UP AND MET TWO RESISTANCE TRENDLINES
4)VIX DOWNTREND CYCLE IS MORE THAN A YEAR FROM TOP TO THE NEXT TOP,NOW IS STILL TOO EARLY
WHEN ONE IS WRONG,DONT BLAME ANYBODY ELSE BECAUSE THE ANSWERS ARE IN THE CHARTS.YOU HAVENT SEARCHED THE CHARTS HARD ENOUGH.
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