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Correction or Crash? (0 viewing) 
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Correction or Crash?

#1397
RL (User)
Plan to win, trade with a plan
Senior
Posts: 196
graphgraph
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Gender: Male Birthdate: 1981-00-00
10 Months, 1 Week ago
 
Hmm... a lot of panic is starting with our market these days... and with today's superb drop... how many of us can sit still? a lot of topics like "wat to buy? is it the time to buy? it is bargain time! everything is cheap!". now i think it is important to revise the posting.. http:// www.talkandshare.com /index.php/ Technical-Analysis/ 378-Volatility-Vs- Severe-acute- distribution- Crash......-P.html

why do i say it is good to revise? it is because, correction has its opportunities like volatile market...

now, how about correction? i'm unsure of the world market sentiment, as i am not good at fundamentals... but if we take out our market and analyze it technically, i think it is more likely under correction rather than a crash... why do i say it is a correction? because it is an expected move form the charts from a few days back... if the supports do not hold, then it may not be a mere correction anymore... if it is a mere correction, support will hold and rebound will come... if it is not... i also got no eye see liaw...

so, the crucial thing now if you were to trade with a heavy weightage on CI, you will need to decide if this is a correction or a crash before making your next move... both starts with C, but the meaning and outcome is very different...

Regards and good luck!
 
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Last Edit: 2008/01/16 12:57 By R L.
 
www.survivingstockma rket.blogspot.com

Trading using Technical Analysis has its limitations and hence, its Rules and Method of play... Understand, make and follow them...
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#1421
ijanmaster (User)
Junior
Posts: 57
graphgraph
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Kuala Lumpur Stock Pick
10 Months, 1 Week ago
 
hahaha... well said technically about the crash and correction.
Crash=support wont hold
Correction=after reached support level, the price rebound.
Recession=price will free-fall. haahahah!
 
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#1445
RL (User)
Plan to win, trade with a plan
Senior
Posts: 196
graphgraph
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Gender: Male Birthdate: 1981-00-00
10 Months ago
 
hmm... is the correction over? or is there more drops ahead? i think it may still be quite unsure... but my personal bias is that it may be time for some rebound or recovery... so, good luck guys and gals... and most certainly to me too... having said that... remember your stops... be it cut loss or profit locking... if things get messy... :P

Regards & good luck!
 
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Last Edit: 2008/01/19 09:34 By R L.
 
www.survivingstockma rket.blogspot.com

Trading using Technical Analysis has its limitations and hence, its Rules and Method of play... Understand, make and follow them...
  The administrator has disabled public write access.
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