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Forum KLSE (Stock Market) Market Talk
Market sentiment 2007 - the bear awakes! (23 Nov 2007) (0 viewing) 
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Market sentiment 2007 - the bear awakes! (23 Nov 2007)
#769
acerlimit (User)
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1 Year ago
  
To my limited knowledge in trading and investing... i foresee the Great bear has awoken.

If my chart reading is correct 5 waves has been completed as of the last dip.. in mid of August 07

Most likely the market will begin slide down south to what level i am not sure. I guess the correction would be around 30 to 40% of current.. i.e. 200 ~ 300 points to bottom.

Can we pleae have a confirmation on my half past 6 readings?
 
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Last Edit: 2007/11/25 16:01 By acerlimit.
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#773
leno21 (User)
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1 Year ago
  
No...no...no...
U read the 5 waves upside down !
The market most likely go up or may be stay flat for few days not more. No way the market will go down and it is a total absurd to even mention 200-300 downside !

The great bear has NOT awoken. What U hear is just the bear SNORING not roaring.

Yours sincerely

The Great Bull
 
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#774
Leremy (Admin)
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1 Year ago
  
leno21 wrote:
The great bear has NOT awoken. What U hear is just the bear SNORING not roaring.

Haha, I like that sentence, good one Leno ;)
 
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#775
Jeff (User)
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1 Year ago
  
Hi, I'm new here and i dun understand wat do u means by 5 waves completion?

Thx
 
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#784
Ben (User)
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1 Year ago
  
To know about the five waves, refer to the Elliott Wave Theory.
This Theory is not easy to understand and master. Believe me, little knowledge is dangerous.
 
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Last Edit: 2007/11/24 00:57 By Ben.
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#812
Max (User)
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1 Year ago
  
I dont put much weight to EW.
The concept is interesting and perhaps to an extent, refreshing and important for growth. But as said before - Great traders do not predict, they react. EW attempts to predict or makes one attempt to predict - hence the drawback which would impede one's development.

Anyway, if u like, post your chart with your wave counts. Then we may be of assistance.
 
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#814
acerlimit (User)
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1 Year ago
  
I use yahoo to do the count. I thought i posted the correct link but didn't work out.

Anyway, my count started at the last huge dip i.e. mid of August 2007 to 22Nov2007

p.s.
try yo attach a screen shot but can't.. dunno why.. it keep timeout on me!
 
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#818
Max (User)
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1 Year ago
  
Check with Leremy what to do.
Then post a chart labelling the waves.
 
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#842
leno21 (User)
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1 Year ago
  
monday 26.11.07

Market already up more than 6 points but it is not too late to go in right now.
What U noted is what we call false break down of 5 waves.

It is time for the great T wave the coming next round or also known as "The Tsunami."

Will market touch 1400 point? U bet.

So,don't wait on the beach and get splash. Surf with it ... surf with the T wave.

Yours sincerely

The T-Bull
 
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#854
Edmund Tan (User)
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1 Year ago
  
U r right, for the first time, i able to hear a good post. I agree with you, the bear has been awaken, KLSE has completed the 2 wave up and 2 wave correction, now there are on the wave down .......u r damn right. forget about those noobie who is still postive on the market. visit my website www.beatbursa.blogsp ot.com
 
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