STI - The Heavy Maelstrom

Today I expect to see continuation of panicky selling in the market. I got a lot of emails and questions on whether if it is cheap to buy property stocks. On my blog, I said :" I will be timing my entry with the BBs the moment I see that they are ready to bring the prices higher." Obviously, they were not ready yet as there need to be more panic for them to buy at wholesale prices before a rally campaign can be conducted. However, please put those property stocks in your watchlist. When the market is ready, those property stocks will most probably be the first or second to run.

If you still think the news or announcements are the culprits which drives this maelstrom, you are dead wrong. It's the BBs whom put out shorts last Fri caused today's situation. For this current situation, I will never buy for a bounce or rebound, but instead short on every single strength when it turns weak. (a.k.a The K Turn) Don't get yourself into that sucker class or you shall pay for that hefty price! Treat every rebound with a pinch of salt. When the market is tanking, there is no support. Everyone will be looking at their charts to find the support level but only to be depressed later.  In my opinion, it is only the assistance and the lending hand of BBs that allows an uplift to the market. That is why I don't use support and resistance in my trading.

While we are heading to the weekend with all the volatility sell down, that leaves me with a note on where will STI end before a rally commence. I shall reveal it on the market outlook seminar this coming Sat and Sun.

Ronald K

STI - Mind Blow

Yesterday, I said that in the bigger spectrum, STI is weak. Although there was a rally, that doesn't bother me because I saw some hidden profit taking from the BBs, and after that BBs created an insidious maneuver to push the market higher and that's where I knew I need to take a short sell or I will regret. Obviously, BBs had emanated more shorts near 14:30PM yesterday and I took my short sell trade much earlier than that. Was I confident, oh yes, I would never take a trade that I am not confident in as that is like gambling and punting for the sake of making fast bucks. There is no fast or easy money in the stock market. When I take a trade and got it right, I planned to ride until I see BBs buying/selling big time and that's where I would take my profits and go. As I mentioned earlier, I never like intraday trade because there is too much emotion and the big money is never made there.

Today, I will witness panicky selling from the public and BBs putting out more shorts on any rally to suppress any buying from the public. I am not trading the market today as I am letting my profits run till its course end. From the attached, you can see that I shorted noble because according to my analysis, that's the weakness stock of all in my opinion. I think the market is going to correct big time and it shall blow your mind to depress you further. Don't chase the market, if you want to short, short on any rebound that you see. Chasing the market will only get you to do silly things. Finally, never underestimate the power of the BBs, they are cunning and most of the time, they psycho your actions to do the wrong thing at the wrong time.

Ronald K

Property Sector - Watch!

Watch the property sector like Capitaland, Yanlord, CityDev, etc..There is a high chance it is going to run, I will be timing my entry with the BBs the moment I see that they are ready to bring the prices higher.

Ronald K

Why I Never Trust News And Announcements

I got a lot of people telling me this week the Fed is coming out with a QE plan or this company earnings is good or Obama is trying to create more jobs etc..Everyday there are tons of news releasing from the media. How do I handle with all these news? I am listening to NONE of them. The only time I listen is for leisure purposes and it will NEVER be used as a medium for my trading plan.

Above is an example where Warren Buffer bought BAC shares and what happened after that day? Those who jumped in thinking that Buffet's deal is going to save you, you would be traumatized by now and would have already relinquished. The news and announcements are really good tools to guide investors and traders in a way that continually takes them in an opposite direction from where they wish to go and points them in a direction which allows them to consistently lose money. Financial news are only useful, if it is used as a contrary indicator. At least, that's the way how I view it.

http://dealbook.nytimes.com/2011/08/25/buffett-to-invest-5-billion-in-bank-of-america/

Ronald K

STI - Kill The Public Optimism

Today, I expect selling from BBs at the start of the opening bell. After cooling down a little and assiduous study of the recent movements, I still have not changed my view on shorting the market. A lot of people told me the market rallied yesterday and yes, I did took profits to protect myself first however, looking at the bigger picture, it is weak. It's only a one day rally, and it won't change the fact that BBs had put out shorts last Friday. For every shorts that I placed, I need to be extra prudent in case of an unexpected. STI is currently still in that trading range and it's not easy to trade if one is not skillful enough. As I mentioned earlier on my blog, I love challenges and I have no emotions when it comes to cutting losses or taking profit, but more important, I am fast in getting in and out. I will be timing my entry today again to short the market.

Ronald K

STI - The Twist

As I thought there was a continuation of a fresh liquidation, I am also aware not to expect a lot. The moment I saw a heavy public selling, I got very suspicious. However, I can't be 100% right until I see a few more bars. True enough, the unexpected happened and I am already out of the market. I am not pinning on hopes the moment it became more suspicious. It was a really busy day for me and I got to thank that person who SMSed me at around 2pm, else I shall be cutting a small loss instead of taking a small profit.

Ronald K

STI - Fresh Liqudation

Today, I expect the market to continue it's sell off after last Friday's unloading action by the BBs. Yesterday, the market had witnessed it's first wave of liquidation and that to me was BBs shorting big time and it shall continue today. A fresh new wave of liquidation will emerge to cause more panic selling and liquidation. A lot of public were traumatized by the selling as they expect a rebound since Dow Jones closed 75pts last Friday. Of course, I don't see that happening in STI and I posted on the forum on 17th Sep to let the public know that Dow Jones closing looks bad to me. I don't know how many people believe but the conviction in me was there. I will be watching Genting, Swiber and DynaMac today. I am no more longing, that's asinine thing to do for the moment!

While we cannot do as well as BBs, we can improve our bargaining power and make good gains by selecting stocks they are shorting and timing our purchases and sales to theirs. That in a nutshell has been the central theme of my strategy.

Ronald K

Market Outlook - Full House

I got a call from the organizer saying that registration is full and it is now closed. Thank you for those who registered for this event! I am looking forward to see you there!

Those who missed this seminar, no worries, you can email me and tell me that you are interested in the next market outlook. I will organize another one with the organizer.

Update: Tues, 20/9/2011 7:52AM:

If you had registered since last week till to yesterday 6pm, you are still eligible to attend the seminar this week. However if you registered after 7pm yesterday, the registration was already closed. You can still email me if you are interested and I shall speak to the organizer.

Ronald K

STI - Intraday Volatility

At 2.15-2.16PM, I saw an early signal where STI was about to have a volatile session very soon. At 2.17PM, I gave a warning and posted it on the forum and within 5-10 mins, STI volatility spiked and it trended down lower. Do I use volume or price or indicators or whatever traditional pedagogy? As you can see in the 1 min chart, there is no volume activity when I posted and how do I know? Well, the answer was The K Wave. That was the culprit affecting the volatility! Be careful if you are on the long side.

Ronald K

The Big Speculation - Back To The Future

Last Friday, I made a post on my blog at 7:12PM http://stockmarketmindgames.blogspot.com/2011/09/market-outlook-next-week-mind-games.html I said that I knew what's was going to happen next week (which is this week) before the opening bell in Dow Jones. The trading session for Dow is at 9.30PM every night. After I posted, I told everyone who emailed me to short on rally as the market is weak. See the above email. The first email I got was at 7:31PM and subsequently, it leads to many emails after that. How do I knew that? Because I saw unloading action and a bearish trap. I am not looking to long anymore until I see some signs of preparation for a rally.

If there is one stock that I look to short, that would be STXOSV, of course I won't be chasing, I will only short at the turn.

Finally, how did I manage to speculate the future accurately in the past few months? (If you had been reading my blog). I went through hardships and different stages in my life and I only manage to see the light only after cooling down and meditation. I shall leave this passage for some enlightenment. It helps me a lot during my down time and I would love to share with all my fans.

People who suffer will accordingly gain wisdom. If we don't suffer, we don't
contemplate. If we don't contemplate, no wisdom is born. without wisdom, we don't
know. Not knowing, we can't get free of suffering - that's the way it is. (This is to tell you that only by losing will you start to gain insights and slowly think of a way out.)

If you reach out and grab a fire in your neighbor's house, the fire will be hot. If
you grab a fire in your own house, that too will be hot. So don't grab at anything
that can burn you, no matter what or where it is. (This is to tell you to let go traditional teachings and don't hold on to anything that you knew in the past, be FLEXIBLE!)

Know your own body, heart and mind. Be content with little. Don't be attached to
teachings. Don't go and hold onto emotions. (This is to tell you to expect less and gain more when you trade.)

Ronald K

Market Outlook Next Week - Mind Games

After today's activity, I have a rough idea and know what is going to happen next week. I want to stress, I don't watch Hang Seng or Dow Jones or Nikki or whatever! I treat each market individually and I don't bother which market causes which market to move. Why am I able to forecast correctly each time before the market starts or before a breakout/breakdown happens? That's because I have thrown away traditional teachings and indicators and I use something that is even more powerful than volume, trends, indicators, tips, news, price etc..and that is psychology and mind games. It's something like if you can read someone's mind, then you can exploit him almost effortlessly in anyway you deemed. That's what I am after with and not indicators!

Anyway,I have already formulated my trading plan for next week. If you are interested for a market outlook, kindly email me. Lastly, I will reveal more information on my market outlook seminar on Sat 24th and Sun 25th September 2011. Sat 24th is full, so only Sun 25th is available. Seats are taken up fast, so please register if you can make it. Details are on the right hand side of my blog.

Ronald K

Noble - Weak Power

Noble warrants a short sell. It looks very very weak the past few days.

Update: Fri, 16/9/2011 5.53PM

Noble went down gradually! In lieu of today's action, it is even weaker than the past few days. I am holding my shorts and set a stop loss. Let's watch!

Ronald K

STI - The K Turn

I am seeing The K Turn now!

Update: Fri, 16/9/2011 5.44PM

At 9:30AM this morning, I saw a turn. Although it was not at the super day high, but it's high enough for my entry to short. At 8:48AM this morning, I said I am only looking to short at the TURN and true enough the market trend down gradually thereafter, http://stockmarketmindgames.blogspot.com/2011/09/sti-reverse-psychology.html The market was stagnant for the whole day and did not make any upward progress!! There were some unloading action in the market today and I believe the bull is not ready to charge yet. In the near term I am still looking to short. When there is no panic, there isn't going to be any major rally.

Ronald K

STI - Reverse Psychology

I am looking to short today at the TURN should the market open green and rally. The last 2 days, I said a rally will happen, and true enough, I believe today we are seeing one. This rally will tell me if the bull is dominant or the bear will be in to kill this bullish atmosphere. The horizontal line drawn will be the area I am looking for the market to turn.

Ronald K

Yanlord - Buy For Bounce

I am looking to long Yanlord. There is a paradigm shift of weakness to strength. I am looking for The K Turn and timing my entry to the long side. I believe it's time for Yanlord to show it's prowess when the buying activity starts.

Update: Fri, 16/9/2011 5.31PM

I have not seen the TURN yet. I am still monitoring.

Ronald K

STI - Bull Ready To Charged?

With each day progress, the market gets trickier with a lot of uncertainty and huge volatility. So the question is, is the bull ready to charge for STI? I strongly believe there are some secretive buying in the past 2 days for STI, however for today, I expect the market to open positive in the morning and maybe turn red later in the afternoon. I don't think the bull is ready to charge for a rally yet. The secretive buying is not yet finished and it takes time to accumulate and flush off the weak holders before a rally is warranted. Like yesterday, short in the morning and watch for the K Turn to cover shorts. The defining moment will appear where the bull will be taking lead strongly, but as of now, the time is not ripe yet.

Update: Thurs, 15/9/2011 10.44PM

The market opened green in the morning and came down later on. With the K Turn, the market rallies after that.

Ronald K

STI - Patience

Today, I expect the market to open green in the morning and subsequently it shall return to it's red territory. The market could be due for a rebound soon, however there need to be more secretive buying to take place first and I shall be watching for that to happen. For intraday trades, look to short in the morning when you see the K Turn and long back at the bottom should buying occurs. For swing trades, I shall give STI about 2 more days before we see the real motive of the BBs on whether a rebound will emerged or the downtrend resumes. For the near term, we need to break free away from the danger zone before higher prices can be expected.

Update: Wed, 14/9/2011 8.35PM

STI did went down south in the morning and made a turn back up in the mid afternoon. Those who spotted the K Turn, you covered at the low. Congrats to those who followed my blog in the morning. I am looking to long soon once the BBs are finished with their secretive buying.

Ronald K

Dow Jones - The K Mind

While explaining my theory to one of my students, I told him about how BBs perform a stunt like a V shape recovery for the purpose of first creating a panic and buying heavily at the bottom to elevate prices higher. Well, it is not difficult to detect these if you understand how BBs actually operate the market. There are signs of turning points before the rebound happens and if you could spot those, you will be handsomely rewarded! The K Mind comes into play for this factor where BBs scurry in to purchase heavily and discourage the public from taking the same train with them!

Ronald K

Market Outlook - Extention for 25th Sep 2011

Due to the overwhelming responses, the organizer is planning to host this event for another day at 25th Sep 2011. Registration for 24th Sep is closed. If you are unable to attend on 24th, then 25th Sep is your last day. Hope to see you guys there!

Ronald K

STI - My Trading Plan For Today

With the market being so volatile, I believe the best option for swing traders is to stay sideline and watch until the definitive wave plays out itself. STI is still in that trading range, however in this trading range, it whipsawed with huge spikes up and down which could prove fatal if one is not experienced and tactful in handling the situation.

For today's plan, I am looking to long for a rebound. Of course, I will not be entering at 9:00AM when the market opens but patiently wait for a reaction first before any proactive trades shall be taken. I am not particularly interested in intraday trades because it involves too much emotion and the big money is not made there. However, should I see a rally in the making, I shall time my entry prudently and let my position ride along with the buying wave.

Ronald K