Technical Analytics & Charts (2)

How can i add point to reputation

Pitbull - Fireball

To Catch A Trader

hi shark, thank you very much for your new videos.    

fireshelter wrote:How  can i add point to reputation

Ok. I will give one to you.    

SHARK wrote:

@ shark, I see bullish bat on lgl.
[You must be registered and logged in to see this image.]
AB leg is the retracement of 0.5 of XA leg.
BC leg is the retracement of 0.76 of AB leg
CD leg is the extension of 1.61 of BC leg.
Blue pichfork is standard and LML @ 34 (SUP)( I also keep believing this LML may not break)
Red Line is the LML of Schiff pitchfork @ 33.5 (Sup)
D point is around November -December.
correct me if I'm wrong with this pattern. However, this pattern may fail break of AC leg.

Note: This chart is for only educational purpose and not representing any buy/sell recommendation or any such hint.

dear NC,
I have a Butterfly bearish to complete at 38rs.
For this to be validated we need current leg to test rs34 and shoot to 38rs

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

it would be interesting to see your long term reversal verses mine.
rs 38 will be still below last HIGH that is exactly 88.6on fib so your bullish bat pattern may still be valid by then as long as it does not break 100% fib

Hello NC,
You seem to be quiet knowledgable about charting. Good. Curios to know where were you all this time ? I see you opened account recently.

Anyway keep giving support to Shark. It good .

SHARK wrote:dear NC,
I have a Butterfly bearish to complete at 38rs.
For this to be validated we need current leg to test rs34 and shoot to 38rs

[url=/image_preview.php?i=100&u=18820041][You must be registered and logged in to see this image.][/url]

it would be interesting to see your long term reversal verses mine.
rs 38 will be still below last HIGH that is exactly 88.6on fib so your bullish bat pattern may still be valid by then as long as it does not break 100% fib

Shark,

Though some of us were silent , we all watched what you said and did and also wrote in the forum .
So no need to explain.

Just keep doing your chart thing, which is what you are good at. Good luck.

SHARK wrote:Thanks for all the lovely comments.

Yes DG Gintonic & DB.
I have never been in Bad Acts ... please ..all i have done was to safeguard our SLEF.
If you were referring to the recent spat   
I do not wish to revisit it..... & Thanks for saying that btw.

BTW my youtube videos have hit 200 views i guess
Regards
SHARK

@ Shark, We can see which pattern will win in near future !!! Chrz   
@ Dougieboy, I found this forum recently. before I join this, the biggest issue I had was, picking up good trending stocks, you know I cannot watch every company chart. But, this forum is a great place to pick up good stocks and understand many views of investors, if you're knowledgeable. Since we're part time investors/traders we haven't any communication with other investors, hence this's great place to share our knowledge, experiences, and educational materials, if people use this properly.
@ Admins: Before, I join this, I had my own database with some formulas, in order to pick good stocks, I have to update it every day, thus it wasn't much helpful. Even though, I find better stocks than what's recommend by broker, so I don't have much confidence about broker. hehehh. But after joining here, many issues has solved, especially, picking up good stocks and so I had a good return than earlier.
So I strongly belive, Administrators/Moderators will do their best to keep the quality, trust and transparency of SLEF and do research and posting good ones in future too...

- Goodluck
  NC

NC wrote:@ Shark, We can see which pattern will win in near future !!! Chrz   
@ Dougieboy, I found this forum recently. before I join this, the biggest issue I had was, picking up good trending stocks, you know I cannot watch every company chart. But, this forum is a great place to pick up good stocks and understand many views of investors, if you're knowledgeable. Since we're part time investors/traders we haven't any communication with other investors, hence this's great place to share our knowledge, experiences, and educational materials, if people use this properly.
@ Admins: Before, I join this, I had my own database with some formulas, in order to pick good stocks, I have to update it every day, thus it wasn't much helpful. Even though, I find better stocks than what's recommend by broker, so I don't have much confidence about broker. hehehh. But after joining here, many issues has solved, especially, picking up good stocks and so I had a good return than earlier.
So I strongly belive, Administrators/Moderators will do their best to keep the quality, trust and transparency of SLEF and do research and posting good ones in future too...

- Goodluck
  NC

Thanks NC for all the chart readings you are doing for us.
Your sharing of same will enable us to see from different angles. And this would really great.
If one analyses our old HPP posted in the forum, most counters have fullfilled our expectations 7 out 10.
Thats a very good ratio.
Example
LFIN,JKH,TPL,SFS,PLC,SHL,SPSL20 to name few.
Whilst some are in near completion...
If 1 analyses from beginning to end the TA&C thread they will personally see what i am seeing.

@NC - Please also check the ChartSchool website to get a understanding about conventional Chart Patterns like, Head & Shoulder, Symmetrical Triangle, Ascending, Descending,Flag, Rounding bottom,DTop & Dbottom etc.

This has immensely helped me to see most shares reacting to various charts pattern apart from HPP.

Its always good for us to spend time on few good shares and to monitor its path, this way can maximise profit
I am happy to note you are doing a great job, and keep it up.
@DB - A Big Thank you... what else could i say ....

in my opinion we should have max 10 or 20 counters depending on PF size.

Thanks for all your support & for keeping the forum trouble free btw
SHARK

Buy-and-hold investing is impossible

For years, there have been two principle adjectives used to describe the buy-and-hold investment style: Dead or alive.

The buy-and-hold style was, of course, labeled as dead during and after the financial crisis of 2008, when anyone who stayed with their investments saw their portfolios get cut in half.

The same style is purportedly now alive and well, as anyone who stuck it out after their losses — or jumped into the market after the turmoil — has seen a years-long rally that has recouped the losses and reached record highs.

Truthfully, the problem may be less with the style and more with the adjectives, because at least one leading money manager and behavioral finance expert now suggests that buy-and-hold is unrealistic and impossible.
This week, Natixis Global Asset Management committed $1 million to a three-year research project by the Laboratory for Financial Engineering at the Massachusetts Institute of Technology to help figure out how investors can bridge the emotional gap between a desire to generate superior investment returns and an aversion to taking risk.

In discussing the project, Andrew W. Lo, director of the Laboratory for Financial Engineering — and manager of the ASG Diversifying Strategies fund , , a Natixis issue — noted that the research is designed to tackle the really tough part of investing, the one where you put your hand back in the fire after you’ve been burned.

Standard advice typically amounts to “the market will be up in the long run,” encouraging buy-and-hold for decades.

“That might sound like good advice because on paper when you take a look at the S&P over the last 10, 20 or 30 years the performance looks pretty good the longer you go,” Lo said during an appearance on “MoneyLife with Chuck Jaffe.” “The problem is that advice is just not realistic. You can’t expect an investor to live through 2008-2009 and be perfectly happy to see their investments decline by 50 percent.

“You literally would have lost half…nobody is going to be rational to the point of not taking that information and reacting to it,” he added. “We are all emotional in that context.”

As a dedicated long-term investor, I can argue that point empirically by looking at my own portfolio, which went through the financial crisis virtually unchanged, with just a few small moves on the fringes but with the primary investments remaining the same.

I can also think back to those rough market times, however, and remember the nausea as the core of my portfolio was being gutted.

That emotion, in hindsight, is precisely why pure buy-and-hold can be, for most people, unrealistic.

Whether it is making moves on the edge of a portfolio or hiring a money manager who adapts and tries to guide the portfolio, it’s basic human nature to want to avoid pain.

Lo compared it to a different human imperative.

“It’s not credible to say to an investor, ‘Here’s a stock index fund, you ought to just keep your money in it and don’t worry about it and leave it there for 10 or 20 years,’” he said. “That’s like telling a teenager he or she ought to abstain; it might be reasonable advice in the long run, but in the short run it’s very difficult to follow.”
No matter what strategy investors opt to follow — whether it is buy-and-hold or some rapid-trading, momentum-driven methodology — the necessary personal ingredient for success is emotional discipline, the ability to stick it out.

C. Thomas Howard, director of research at AthenaInvest and author of “Behavioral Portfolio Management,” told me recently that the biggest problem investors face comes in accepting an investment strategy and following it as it is; they pick a strategy that they understand and like, follow it easily during good times, but then have a tough time the moment they question a trade, a stock pick or the results in the market.

“You can’t invest like a great investor if you’re not investing just like that investor,” Howard said. “You start to think you know better, or that there’s just this one thing they are doing that you don’t like, and suddenly you are changing. Now you are not following a successful system, you are modifying one; that may work out for you, or it may not.”

Howard noted that by cherry-picking the parts of a methodology they like — but ignoring or changing moves they’re less comfortable with — investors typically give themselves the wrong scapegoat for when something goes wrong. Invariably, they blame the adviser, newsletter editor, investment service or guru for failing when it was their own moves that altered the strategy.

“There’s lots of ways to make money in the stock market, to be successful,” Howard said. “The key is that you have got to master your emotions, follow a narrowly defined strategy, and consistently take only high-conviction positions over time.”

Bring that back to the buy-and-hold strategy and recognize that the market is going to test your conviction. Ultimately, that’s what leads Lo to say that buy-and-hold forever can’t be done, even if most behavioral-finance guys say that it’s the strategy investors might benefit the most from.

That said, investors need to do some self-examination and perhaps give their portfolio several different approaches, one where the core of their holdings is something as simple as buy-and-hold, but where there is enough money being invested in other ways that it creates enough conviction to stay invested in good times and bad.

In the end, it may not be that buy-and-hold is dead, impossible or unrealistic so much as it’s that one piece of a puzzle for those investors who stomach it as one strategy in a multi-pronged attempt to come up with a portfolio they can live with in all market conditions; if you can’t live with buy-and-hold when it feels more like a fruitless duck-and-cover play — if you don’t think you can witness the carnage of 2008 all over again and remain invested — then you need to prepare for the days when the market again punishes buy-and-holders.

Knowing that now means you can protect against a downturn; finding out too late guarantees that your story will include the worst outcomes at the worst times.
http://www.marketwatch.com/story/buy-and-hold-is-impossible-2014-07-25

Will LLUB Test 335 and then Touch Last High 375 with an extension to 500 in the period ahead.

Kabba,
Regarding ASIY i think you need not worry. Could be increasing Public Holding. If you seen from below 9% as per latest it has increased to 10.5% or something in line with SEC requirements.

http://www.cse.lk/cmt/upload_report_file/668_1408590189052.pdf

Interesting LLUB research report by Copal.Available on CSE website.Published for the benefit of Retailers. All copyrights belong to respective owners.

SHARK wrote:


Since some are feeling edgy on the ASI breaking 7000 and whither ASI, i thought of doing another video on All Share Price Index.
This is not to cause you panic but to be aware of what may happen should the trend start correcting before the move towards 7500.

We should anticipate some corrections given the MACD indicating a negative divergence.

The correction could happen now or at 7500 so please have enough cash ready to load your portfolio

SHARK

Reposting ....

The Rise is not yet over IMO.

7200 -7600 Are critical reversal levels, I am more of a bullish toward 7600

With Shot towards 8000+ can not be discounted.

Nice song know... i like the rhythm

thanks shark...

SHARK wrote:

Nice song know... i like the rhythm

Rhythm of the music or that of the body?

Dear Members
i did one more youtube video today on allshare price index. you need to listen to it after seeing my previous video on asi short term take.i discussed about possible reversals in that owing to neg divergence formation.
and if you see some counters have appreciated quite a lot,and i notices the market is basically looking for direction after it failed several times to break and hold 7000 key level.
this is worrying me a bit.
i still feel asi has room to go towards 7500 but 7100/7200 or 7500 are critical.
so prefer people scale down their speculative shares, market could be heading towards a pull back if this continues.
i may be wrong... just be cautios with speculative holding something i do not trade and dont encourage.
try and buy shares that have not appreciated so far.
plantation sector is one, one need to look. ans there may be other counters too.

trade with care
and
good luck

Watch out ODEL.N MACD divergence ! on daily charts.

This is my Fav Band in 80s
I remember my good old days in Matale


We had SLBC blaring this hit in the early morning show i guess