As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 2 June 2015

DBS : Straight Down!!!




























5 comments:

  1. CW,

    I guess some institutional funds are taking some money off the table ;)

    Let's make a wild guess who is taking the opposite side of their sell downs?

    ReplyDelete
  2. CW,

    The best thing about reading voodoo charts is that we see what we want to see ;)

    All I see is higher highs and higher lows.

    But if the price breaks below $19.30, all bets are off!

    By the way, all I see is a "ladle".

    LOL!

    ReplyDelete
  3. @SMOL, nothing wrong with taking the opposite side of institutional funds. Chances are that they will have a different agenda and time-frame, while the person taking the opposite side has a different time-frame

    ReplyDelete
    Replies
    1. Vatsa,

      Nothing wrong at all as liquidity is always welcomed as it lowers the cost of transactions ;)

      If there are no ones to take the opposite side of the trade, we would have a flash crash!

      Delete

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