Friday, July 27, 2007


Some people reckon that charting is nonesense. But in so many examples, charting works. Draw a simple line and the share price somehow retraces back to that level during panic times or boom times.

Check out this chart- its the one on Lian Beng, a construction company.

Right now, if the market does take a turn for the worse, it may come to between 45 -40. That may be a good re-entry level. Notice how the chart came back to the line during the correction in February of this year.

But then again who knows. You'd be better of speaking to someone else who bought it when it was at 12. lol.

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