Technical Analytics & Charts (2)

1. Know your business. Most people don’t have the details worked out in their heads past the dream phase. You need to need to be the expert or no investor will want to partner with you.

2. Be passionate, not crazy. Investors are easily deterred by a person thats not excited about their product or service. if your not passionate about it, don’t expect anyone else to be.

3. Be yourself. We all admire people who do something new, different and unique. There is no praise for counterfeit. But sometimes we find ourselves mimicking or following the people we want to be like. And while there are some eternal truths — returning calls, being on time and treating people with respect — each one of us has a unique story to tell and a unique way of doing it.

4. From my 10 commandments of selling, Thou shalt hustle. Before you go to pitch, do the work necessary to make investors feel like they need to get involved now rather than later. Creating urgency through results works.

5. Know what you want out of your investor. Smart entrepreneurs know that its all about relationships, money is a tool, like a shovel, a truck or a computer it has its uses, but its not everything. My business partners all bring something unique to the table. Differentiate your self by placing money behind the right partner. The right partner will make or break your business.

6. Don’t get greedy. I hear 3-4 pitches a week, and most of them are asking for too much money for for to little in return. Money isn’t everything, but if your asking for it, you don’t have it, always respect money and what people who have it have done to get it. When you offer a little for a lot you are showing that you don’t respect them or what they have done.

7. Whats in it for them? Another thing I always hear in these pitches is why its good for the person asking for the money. an investor wants to hear whats in it for them. think of it as a sale, would you buy a car from someone that only talked about how great it will be to get their commission check? or would you prefer someone who showed you how to get the car you wanted and didn’t mention what was in it for them. same principal. show them whats in it for them.

8. Posture, don’t beg, thats what dogs do. Instead stand tall, not proud or arrogant, but confident and secure. People want to do business with people that will represent them and their money properly. If you don’t normally wear suit, don’t. Your looking for a partner not a loan. if you want a loan, go to a bank.

9. Don’t over do it. Many people seeking investment dollars tend to over emphasize their successes and strengths, be conservative, its nice to surprise them when they do their due diligence instead of them uncover disappointment.

10. Know your investor. Find out who they are and if they are a good fit for you, remember money is just a tool, you may as well find a great partner to go along with it.

Warren Buffett’s 6 Fundamentals Of Investing
“You don’t need to be an expert in order to achieve satisfactory investment returns.” Buffett goes on to say that you should keep things simple, know your limitations and don’t swing for the fences. He adds: “When promised with quick profits, respond with a quick ‘no’”. (More on this point later on)
“Focus on the future productivity of the asset you are considering.” He says if you aren’t comfortable making a rough estimate of an assets future earnings you should forget it, and move on. This is a reiteration of sorts of his famous quote that you should “never invest in a business you don’t understand.” If you look at Berkshire Hathaway’s holdings you’ll see he puts this theory to work, as just about all of the top holdings have very easy business models to understand.
“If you instead focus on the prospective price change of a contemplated purchase, you are speculating.” This is an important point. Know the difference between speculating and investing. As Buffett says, “half of all coin-flippers will win their first toss; none of those winners has an expectation of profit if they continue…” Buying a stock because you think it will “go up” based on whatever factors you dream up, isn’t much better than walking into a casino and gambling.
“Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.” This is Warren’s way of reminding us to focus on the long-run. Day to day movements in stock price are inconsequential. We should be focused on investing for the years ahead, not for the next quarter. (Related: How Often Do You Check On Your Investments?)
“Listening to the macro or market predictions of others is a waste of time. Indeed, it is dangerous because it may blur your vision of the facts that are truly important.” In other words: Turn off CNBC and the rest of the 24 hour “news” networks, and don’t listen to the hundreds of talking heads that are out there (on any topic). The networks blow tiny things out of proportion because they have to fill 24 hours worth of programming with something. Likewise, Jim Cramer, Suze Orman or any other “expert” has no clue who you are or what your investing situation is. I’ve never once heard him say “This stock is a buy for Jay, because he’s in his early 30′s with no debt and wants to focus on building an income stream from the dividends in his portfolio” So until he does, I’ll be better off assuming his “buy” picks aren’t directed towards me.
“What the economy, interest rates, or the stock market
might do in the years immediately following – 1987 and 1994 – was of no importance to me in making those investments. I can’t remember what the headlines or pundits were saying at the time.” Speaking of his farm purchase in Nebraska and his second real estate purchase of a property near NYU in New York City, Buffett reminds us to focus on the fundamentals of our investments. Not on whatever macro issues are big news at the moment. He goes on to say that no matter what, corn would grow in Nebraska and students would flock to NYU. It’s easy to get caught up in the “The market is up today because of ____” or “The S&P 500 fell today due to fears over _____”. Regardless of what those headlines are, Visa will still continue to collect fees on the swipe of every credit card and McDonald’s will continue to sell millions of hamburgers. These fundamentals are what’s important. Short-term changes in interest rates, inflation and other factors will have little effect over your investments in the long-term.

Mr Shark, can you pls share the CTC chart. Thanks

geshan.weerakkody wrote:CTC - held Rs 1100 well (the rather big sell that happened was also handled well with price reaching Rs 1100 in a moment).

So 1200-1250 initial target and then 1400-1600 gets opened? I'm looking at Fib levels and that can happen. What do you say Mr Shark?

i am Not sure whether i posted a DIST chart here. Here is what i see for this counter.
As you see we are witnessing a negative MACD divergence.Which means the upward movement is falling apart on thin volume.Probably the reversal has already commenced and we are half way through there.

BUYING is encouraged around 175-180 levels should share price falls gradually.

Look for accumulation for target around 245 then onwards.

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Dist - can't expect to go below Rs 190 now.

Wasatch Frontier is collecting big within Rs 190-220 range

I think they are paying a premium on DIST nevertheless i prefer 160 on technical BUYING side. CMP is heavy on me to go with this.

But with LION its a different story.

Sometimes you mind says LION will touch 1000 so i have to go with my intuition

Collect more .....

@550-600 if possible if further appreciation

Lion - i couldn't collect more but thanks to you i didn't sell at Rs 480-500 range

SHARK wrote:i am Not sure whether i posted a DIST chart here. Here is what i see for this counter.
As you see we are witnessing a negative MACD divergence.Which means the upward movement is falling apart on thin volume.Probably the reversal has already commenced and we are half way through there.

BUYING is encouraged around 175-180 levels should share price falls gradually.

Look for accumulation for target around 245  then onwards.

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The price howering around 205/= for some time.

This is my chart on ASI. For the next few months. I am all looking bullish and do not expect a major correction to take place at least till about 7200 or 7500 levels.
We should see some red days that could on Fib measure 38.2 at most to 50.
The path for the Index would be piercing 113 or 127 Fib

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can anyone name the HPP pattern formation.   

stevenapple wrote:

SHARK wrote:i am Not sure whether i posted a DIST chart here. Here is what i see for this counter.
As you see we are witnessing a negative MACD divergence.Which means the upward movement is falling apart on thin volume.Probably the reversal has already commenced and we are half way through there.

BUYING is encouraged around 175-180 levels should share price falls gradually.

Look for accumulation for target around 245  then onwards.

[You must be registered and logged in to see this image.]

The price howering around 205/= for some time.

DIST is all set to go.

SHARK wrote:
can anyone name the HPP pattern formation.   

Butterfly   

[size=48]W[/size]hen you look at a harmonic pattern for the very first time you might think it’s complex. You might actually think it’s not worth figuring out, or at the first sign of difficulty you end up packing up your bags and going back so simple moving averages.

Knowing each pattern is important, just how each pilot knows the parts that make up the plane. And just like how each part of an aircraft is used for a certain purpose, each harmonic pattern has the highest probability when used in its own situations.

There are a few things that are common between most of the patterns and will help you remember their ratios:

1. Bat Patterns and Gartley Patterns are both classified as retracement patterns because their D point is closer to the B point
   
2. Crab Patterns and Butterfly Patterns are both classified as extension patterns and extend the furthest
   
3. The ABC part of our harmonic patterns is where we typically have the same ratio in every pattern between the 38.2  to  88.6 retracement
   

Steps to finding and validating all harmonic patterns

 
Step 1 – How to draw harmonic patterns:
Look for an extreme high or low on the chart. This will be labeled as your X point. Draw a line going from the high in our case to the nearest low:
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Step 2 – Drawing the A Point
The end of the nearest low would be considered your “A” point.
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Step 3 – Verifying the XA Leg and the Harmonic Pattern Ratio
We will now have to take out the harmonic patterns’ guide which has all the ratios for all of the patterns. If you do not already have this you can get it as the last page on the harmonic magazine issue 1. At this point you can use your Fibonacci retracement tool and draw from the X point to the A point. You will see the Fibonacci levels get drawn in and what we want to do is see how high the B point retraces on the XA segment.
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Step 4 – What pattern could this be?
You can see now we have completed the first two segments to form half of the almost completed harmonic pattern. At this point we can ask ourselves:

What possible pattern could this be?

Your answer would be revealed by referring back to your harmonic pattern guide. You will find that so far, the following patterns line up with the possible potential outcomes:

• Bat Pattern
  
• Crab Pattern
  

Both the Bat patterns and Crab patterns have XA segments that retrace between a 0.382 and a 0.618.
Please remember the Bat pattern is allowed to go up to a 0.618 retracement of the XA leg but this is not preferred. Although it does have some unique advantages which we discuss with those trading with us as members.
As long as the B point retraces between 0.382 and 0.886 we know there is a possibility of a pattern.
Step 5 – Drawing the harmonic pattern C point
So we will now continue to draw in our C point.
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Step 6 – Checking the AB Segment Retracement
Our C point of the harmonic pattern has to do a retracement of the AB leg between a 0.382% and a 0.886%. As long as it retraces enough and doesn’t exceed the A point we can continue drawing our harmonic pattern.
This 382 to 618 retracement of the AB leg (making the C point) will be common with all the major harmonic patterns.
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Step 7 – Drawing in the last part of the harmonic pattern
We can now continue on our way and draw in our last leg of the pattern. At this point we’ll find out if we are going to be trading a Bat pattern or a Crab pattern. The Bat pattern is a retracement pattern so we’ll always see it reverse before the X point. All Crab patterns will be extended beyond the X point and go much further. Let’s draw in our D point and complete the CD leg of the harmonic pattern.
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Step 8 – Verifying the Harmonic Pattern ratio
We’ve completed all the segments of the pattern, we now just need to make sure that the X point is a retracement of the XA leg to the value of 0.886. So take out your Fibonacci tool again and draw from the X point to the A point and see where your 0.886 retracement is and if your D point hits it.
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Step 9 – One last verification of the pattern
Bingo, it hit the 0.886. Now, we’re not done yet, but hang in there! We have to do one last measurement. The BC extension has to complete between a 1.618 and a 2.618. This is a large area so a lot of the time this will complete our harmonic pattern but it’s always good to double check. On some patterns you’ll find that this does not work out and the harmonic pattern becomes void.
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You are now finished
We have now completed the pattern. You can take a deep breath, if you’ve made it this far you’ve done very well. 

kabba wrote:

SHARK wrote:
can anyone name the HPP pattern formation.   

Butterfly   

This at presently taken BAT, Alternate BAT or CRAB.

Thank you TAH. I'm very keen to learn this thing.

kabba wrote:Thank you TAH. I'm very keen to learn this thing.

On This basis we can safe to expect ASI to make a BAT appearence, although i prefer a CRAB that will extend to 161.8 being the Current leg.
It would be worth to wish so most members will be rallying then around our SLEF and CSE.
 

So BAT pattern means 7500 is the Target for ASI this Run  

I hope we will have more successful IPOs in pipeline in latter part of 2014 and or 2015 to ASIs success

Come to think of it our Company Got listed in Saudi Tadawul Stock exchange.
Listed Price SAR55/- per share for 30% stake.
Within a month trading around 100SAR.

When will Srilanka have this type of successful IPOs

Why Adam Inv went from Rs 3 to Rs 6 within a month   

SHARK wrote:Come to think of it our Company Got listed in Saudi Tadawul Stock exchange.
Listed Price SAR55/- per share for 30% stake.
Within a month trading around 100SAR.

When will Srilanka have this type of successful IPOs

Here is the  HHL Chart on a longterm BUY around 45-50rs

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I bought 10,000 shares of HHL today. I didn't look at anything. Templeton had done their home work and I am just following them. I might exit at a better price beacase we have a better knowledge of the local market conditions.

Sstar wrote:I bought 10,000 shares of HHL today. I didn't look at anything. Templeton had done their home work and I am just following them. I might exit at a better price beacase we have a better knowledge of the local market conditions.

I hope you are not doing trading. This one is a Longterm Hold which has seen growth on Earnings as well as stronger Balance Sheet reflecting on NAV.

Could be a JKH in the making  

CAL Research Reports says 57/- as a target for me this is worth more than that. we are looking Rs 100/- initially.good to reassess after next years AR.

Thanks Shark for elaborating on kind of a Grey area.

Thanx Shark...

I have bought HHL at high values and sold a part of it at lower and rest I am keeping... thanx for this timely chart

SHARK how can we draw these charts. Is  there any special tools available.
CAn we draw these using DirectFN. Thanks

stevenapple wrote:SHARK how can we draw these charts. Is  there any special tools available.
CAn we draw these using DirectFN. Thanks

we can have a theme at SLEF G2G education session & chillout session to mingle with all   

Sharko, අරක්කු සිගරට් නැති chart එකක් දන්න බැරිද බං