^V^ As TL said, TA is " KISS OF DEATH ! " ^V^

^V^

2 KS, why blame ppl ? u should blame u yrself ! told u olediii..TA is kiss of death ! now u see how useless TA is >> MACD ? bollinger band ? RSI ? ..all bullshitting ! u r not d first victim of TA n also not d last as well, b4 u , we have TA losers like CHINYK, BACKHAND seng ,price chart, pussylover n pegasus 101 as an example 4 u to see ! still not convincing enough ah ? think.. pls think a little !

Sometimes, i think what d feng shui lo said is correct, some r born 2 be winner n some r born 2 be loser , if all r warren buffet then who will contribute to their success ?

A mail from my fan, read this >>>

From: This sender is DomainKeys verified "Edmund Tan"

Add sender to Contacts To: "Zhuge Liang" , toah_soon2000@yahoo.com, aus2070@gmail.com, barisan_nasional58@yahoo.com, benjaminlau10@yahoo.com, bryanlee888@hotmail.com, bursajoker@ymail.com, calvintan@hotmail.com, cede_man@hotmail.com,

-----Inline Attachment Follows-----

BECAREFUL WITH THIS CUNNING OLD MAN, I KING SPARTAN EDMUND LOST 80K BECAUSE I WAS CONNED BY THIS MAD MAN TO BUY ZELAN-U ALL WANT TO KNOW THE TRUTH, THAT IS THE TRUTH, HE ASK TO BUY, BEHING HE IS SHORT SELLING IT. THIS IS WHY I HATE THIS CRAZY OLD BIG LIAR. MY ADVISE TO THE SPARTANS IS WATCH THIS MOTHER FARKER OUT FOR YOUR OWN GOOD. DO NOT JUST BLINDLY LISTEN TO THIS OLD MAN RECOMMENDATOIN.


ZELAN (2283) update 280808 From the 4 mths daily chart attached, you can see distinctively the Falling Wedge and the breakout from 1.66 off 1.60 low resulting in the EMA 7 (yellow) cutting above the EMA 21. However, weak follow through buying prevented ZELAN from scaling higher. This is obviously due to present mkt sentiments and trader's unwillingness to commit further buy positions. The encouraging outlook for ZELAN are the volumes past and present where the selling was much more severe back tracking few weeks back. Are the bears weakening or simply holding back? We will need to take a closer look at the indicators / oscillators to find some answers.

MFI - Monetary Flow IndexFrom the shorter timeframe daily charts (2 weeks +) the MFI or Monetary Flow Index which as it's name stated shows $$$ flowing IN or OUT of an issue. Instead of dipping with the small candles, MFI (14 days) is against all odds rising gradually to 47 which is above neutral. This denotes ACCUMULATIONS.

MACD - Moving Average Convergence DivergenceThe blue arrow shows MACD moving sideway when in all probability it should be pointing south. Sidewayness is enhanced by the Histogram which will start positioning itself below the ZERO or triggerline to form a round bottom pattern when sellers are stronger. MACD denotes even balance of power between bulls & bears. Watch this MACD to monitor which animal blink first.

STOCH - StochasticsZL prefer using the FAST STOCH instead of the slow. Fast %K & Slow %D is more cohesive and correlated to the MFI. Notice how Fast %K is about to form a Golden Cross which is a buy signal? This will not materialise once the bears decide to launch another assault. Any sudden bulls counterattack, the Fast Stoch will be the first to react. U figure out the rest ....easy as ABC.

VOLUMENothing exceptional other than a divergence reaction to the sideway and smaller bodied candles which we can interpret as defenders holding the fort well. Not getting overrun like 14 days ago where the volumes were comparatively much higher. Spike it ZELAN !

BOLLINGER BANDSLooking at the bigger picture, BB is contracting with the midBB acting as ZELAN immediate resistance. A narrow neck formation is in the works and if no sudden bear attack, the bulls will charge once they outflank the bears with a Pincer Formation. When the midBB is taken out, Zelan's candles will forklift the BB Top band resulting in the BB Lower band going the opposite direction. This BB expansion could be the move we waiting for.

IN A NUT SHELLMonitor the Stoch and MFI closely. When no signs of further detioriations an initial entry anywhere below 1.70 will be conservatively downside limitation. Ready cutloss at a comfortable price that won't burn too big a hole in your pocket. Exercise capital control displine according to your risk level. We are all quite different in this aspect. !0% should be reasonable all round.

NOTE : BUY AT breakout point 1.66 unless it is a false signal.

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Wait..what is buy @ break out point 1.66 unless it is a false signal ? come on kid !! u r telling me that d unborn baby should be a boy unless it is a girl !

Zelan closed @1.34 today , false signal again ? is TA always giving false signal ? what a pity boy ^V^

Old saying, is TA works ? MY FOOT ! time to wake up kid !