Programme for Monthly Meeting of the SMS Stocks and
Shares Interest Group, November 2007
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SMS Tel: 6243-3965
Date: Friday, 9 November 2007
Time: 1930 - 2130 hours
Venue: Blk 831 Hougang Central #01-502
How to get there : http://www.sms.org.sg/html/sms-venue.htm
Fee: FREE for SMS members ; $10 door fee for non-members
Topic: Trading the Gap Down
Presenter: Mr Ng Chee Seng
Chairman, Stocks & Shares SIG, SMS
About the speaker:
Speaker is a remisier with a Bank based broker house for over ten years.
He serves in the executive committee of The Society of Remisiers (Singapore).
Being a practitioner of technical analysis, he is an active member of Technical
Analysis Society.
Synopsis:
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1.Definition of Gap
2. Does Gap always get filled?
3. Trading Rules by Oliver Velez:
3.1 Watch and wait.
3.2 Mark the 5 min low.
3.3 Sell half the position if prices go below 5 min low.
3.4 Mark the 30 min low.
3.5 Exit the remainder of the position, if prices drop below 30 min low.
3.6 Use trailing stop loss for rest of the day.
4. Q & A.
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Organised by Stocks and Shares Interest Group, SMS
