It was an incredible day! Everything was pushed up and I have to trim my QuickPick list inorder to post here. The much anticipated capricon effect or window dressing is finally here. We waited till our neck grew longer in December and some even gave up, taking a bearish stand. Strong GDP expectations was the reason behind this rally. Next reason for a sustained rally? Elections! hehe Yeah, after all the talk, it will be coming to a polling station near you very soon. keke Lucky for us who are trading shares, at least this is one of the way we can benefit indirectly from Elections. hehe The tight trading in December should bring about a powerful rally. It should not just end abruptly. If it does, look out for a big correction, just like the one in Oct'05. Meanwhile, trade with our eyes open, it's grow money time! Huat ah!!!!
I scanned through the market with my rules and hundreds of stocks came up! haha 1 thing to note, though up, banking and property sector have not breakout in their volume yet. 2 scenarios here, either they are running up on thin gas or they are the next to pop up!
There is a download problem with my trading tool and I can't post my charts tonight. Nevertheless, the charts that caught my attention were DataCraft (Resistance at 1.08) and UTAC(Resistance 0.740 broken). There are certainly alot more out there today. But do not be fooled! There are some which were pushed up and will be the first to retrace badly when the rally is over. Lookout! In this case, i prefer to stick with the big guns or counters that has Average daily volume of at least 1 million.
Rotary! Trading was suspended pending news. This is one of my favourite lesson from the market. The stock market never change! Because humans never change! Why did Livermore said that? How many times did we see a counter moved up alot before it releases the news? Obviously someone has been buying in anticipation! But how did that someone knew about it? There...it's human nature to take advantage of situation through greed. It has happened 70 years ago in Livermore's time and it still happens today in 2006! The chart formations, technical indicators will tell us something is brewing, it's left to us to decide on the risk/reward to get vested. Those who truly don't know Technical Analysis will think we are wasting our time betting on history repeating itself and they will say it's no guarantee same thing will happen twice. How wrong they were for they do not truly know human nature.
Afraid to buy at high? Too high will retrace? Look at ST-Eng, it never looked back since testing and breaking it's 52 weeks high at 2.70! Change that mentality if you still have it! : ) But make sure it's breakout from a proper chart base ok? Those anyhow run up no count hor! haha
*GrowMoney QuickPick*
Singapore Airlines Ltd 200 Ordinary Share 12.9000
Singapore Airlines Ltd Ordinary Share 12.7000
Singapore Tech Engineering Ltd Ordinary Shar 2.9500
SIA Engineering Co Ltd Ordinary Share 2.9000
Sembcorp Marine Ltd Ordinary Share 2.8700
Datacraft Asia Ltd Ordinary Share 1.0700
Advanced Holdings Ltd. Ordinary Share 0.9600
Pine Agritech Limited Ordinary Share 0.7950
Fibrechem Technologies Limited Ordinary Shar 0.7700
United Test & Assembly Ctr Ltd Ordinary Shar 0.7650
DMX Technologies Group Ltd Ordinary Share 0.7550
MFS Technology Ltd Ordinary Share 0.7550
The Ascott Group Limited Ordinary Share 0.7400
CSE Global Ltd Ordinary Share 0.7300
Beauty China Holdings Limited Ordinary Share 0.7100
Ho Bee Investment Limited Ordinary Share 0.7100
Tat Hong Holdings Ltd Ordinary Share 0.6850
MMI Holdings Ltd Ordinary Share 0.6750
Aqua-Terra Supply Co. Limited Ordinary Share 0.6500
Celestial Nutrifoods Limited Ordinary Share 0.6350
Surface Mount Tech (Hldgs) Ltd Ordinary Shar 0.6050
Electrotech Investments Ltd Common Share 0.5500
China Sun Biochem Tech GP Co. Ordinary Share 0.5050
Midas Hldgs Limited Ordinary Share 0.5050
China Flexible Pack Hldg Ltd Ordinary Share 0.4350
Keppel Land MBL XCW060330 Warrant 0.4350
Longcheer Holdings Limited Ordinary Share 0.4250
Federal Int(2000) Ltd Ordinary Share 0.4150
Fischer Tech Ltd Ordinary Share 0.3850
Ferrochina Limited Ordinary Share 0.3550
Ellipsiz Ltd Ordinary Share 0.3550
K1 Ventures Limited Ordinary Share 0.3400
Full Apex (Holdings) Limited Ordinary Share 0.3350
Zhonghui Holdings Ltd. Ordinary Share 0.3350
Man Wah Holdings Limited Ordinary Share 0.3300
Technics Group Holdings Ltd Ordinary Share 0.3200
ECS Holdings Limited Ordinary Share 0.3100
Darco Water Technologies Ltd Ordinary Share 0.3000
Global Testing Corporation Ltd Ordinary Shar 0.2800
China Paper Holdings Limited Ordinary Share
Hongguo Intl Holdings Limited Ordinary Share 0.2650
Mediaring Ltd Ordinary Share 0.2650
Multi-Chem Limited Ordinary Share 0.2450
TPA Strategic Holdings Ltd Ordinary Share 0.2450
CDW Holding Limited Ordinary Share 0.2400
Global Active Limited Ordinary Share 0.2300
Ausgroup Limited Ordinary Share 0.2300
IPC Corporation Limited Ordinary Share 0.2250
Tiong Woon Corp Holding Ltd Ordinary Share 0.2200
Adv Integrated Mfg Corp Ltd Ordinary Share 0.2150
Global Voice Group Limited Ordinary Share 0.2150
Flextech Holdings Ltd Ordinary Share 0.2100
Hiap Seng Engineering Ltd Ordinary Share 0.2050
Shanghai Asia Holdings Limited Ordinary Shar 0.2050CG
Technologies Holdings Ltd Ordinary Share 0.2050
Junma Tyre Cord Company Ltd Ordinary Share 0.2000
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings
