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The Ideal Man
| STI
20040915
Close 2004 Chg 9.9 points. Be happy if you see more bulls than bears or bulls only!
One bear is bad, two is ugly, three is un-bearable. One bull is good, two is comfort, three is a stampede.
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A picture paints a thousand word
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Horses mean confused. Deers are foods; or fools? The warring parties are the Bulls and the Bears. This is short term or 2-4 weeks outlook using our proprietary technical and forecasting model. No emotion!
Copyright@Echartbook.com 2001
Who is Simon Sim, the webmaster and analyst of EChartbook? I am the former Head of Technical Analysis with the Union Bank of Switzerland (1985-1998). Technical Analyst since 1979. Graduated from the University of Singapore in 1977 with a BBA Degree. Rode the Gold Boom from $300 to $900 and back down to $400. Rode the US Bull from DM2.5000 to DM3.5000 and down to Dm1.5000. Saw the Nikkei boom and bust, and the crash to 5000! Experiences many booms and busts in currencies, interest rates, stock markets and commodities. I wrote the HTML program for my website. I wrote my own proprietary intelligent Technical Analysis softwares. I invented 3 Bars Charting Method. I am writing my first book now - 14 Years Cycle, and dedicating this book to Joseph, son of Jacob and Rachel (Genesis). This book should be ready before November or December 2003! To return, click back button.
Why Technical Analysis? Why it worked? Definitions of Technical Analysis:
Joseph Granville
Technical analysis is the art of tracking the market, following the footsteps of the "smart money" crowd. There is a readable pattern no matter what the guises, and the market has a set path to follow. James Dines
Technical analysis is the process of finding the significant patterns that best summarize the behaviour of people in the market. Charts not only tell what was, they tell what is; and a trend from what was to is (projected linearly into the will be) contains better percentages than clumsy guessing. Stock market success is not should be (a fucntion of hope) but is (a function of pragmatic fact). John Murphy
Technical analysis is the study of market or price actions, primarily through the use of charts, for the purpose of foreasting future price trends. Simon Sim
Technical analysis is basically statistical analysis and we are doing it in our everyday life; we learned it in schools and universities; the government uses it to forecast future directions and trends, the economists also uses charts to present and support their analysis. The difference between the pro TA and the everyday life TA is that the pro TA uses more advance mathematical techniques and statistical formula to smooth and filter the datas ie the open, high, low, close and volume, and then project the data distribution into an oscillator, with some advance users converting the art into "black box" or mechanical and intelligent systems. Feeling is subjective, fact is objective. The balance between subjective and objective analysis in trading is very important. A good trader feels the market but trade with the fact. | |
