As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



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

Saturday, 25 June 2011

Technical Indicators? (4) - Does it really matter in SG stock market?

Borrow the idea from La Papillion


** "BIAS" is a special feature in my blog where I get to say whatever I want with scant regards for your feelings. I'm not politically correct in this feature, so go ahead, judge me."


Read? Fundamental or Technical Analysis? (4)

Read? Technical Indicators? (3)

Read? Who Moves My Market? - Part 2

Read? Proprietary trader fined S$200,000 for manipulating stock market
Not enough? Want more?

Gohsip once commented:  Uncle8888,  you said "if you look at my charts posted with those technical indicators, they are just there to confuse people. LOL." You damn funny la!

If you happened to take a close look at my recent charts posted. I have decided not to be funny and stop confusing people.


Technical Indicators developed for which market?

Most of these common and popular technical indicators are developed by "ang mo" and they are tested and back-tested in the US markets to prove that these indicators are doable and may be reliable under certain market conditions.

But, you have to take note that these indicators are not developed for SG market and have not been proved by the developers that these indicators are still applicable here.

Well, sometime, I am really amused by some people who are trying to apply and test their TA knowledge on low volume stocks and blogging about it convincing. I think this is really a joke!

Especially for newbies to technical analysis, they may tend to trust and believe in some oldies showing off their TA knowledge in the cyber world.

Beware, if you choose to believe that these common and popular technical indicators which are NOT developed for SG stock market are still applicable and can be reliable here; then probably you need lots of money to exercise your brain.

Alternatively, you may be better off in learning to become pilot fishes and American cockroaches. Most likely you may be able to survive over market cycles.

1 comment:

  1. Hi CW,
    You are wrong lah, i am not a American cockroach; i am a Singapore cockroach. Singapore cockroach can survive also lah.
    And when the whole forest/world is burning with fire, cockroaches can survive after the fire. But not the big animals hoh. Ha! Ha!

    ReplyDelete

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