Olympic fever hots up?

Wooo... so many words of encouragements... keke I'm fine i'm fine... i'm just shooting my mouth off here in cyberspace. keke trying to psyche myself up. Actually it's simple, while i have not lost my T.A skills, my psychlogy may have lost abit. Hence what i am doing now is acting out what i was doing when i was passionate abt trading. I think it is logical. It was writting in this trading diary that allowed me time to digest the charts i have seen to form an opinion on the market. Hence inorder to get back this passion, i just need to blog more. Infact, last few rounds of blogging, i already feel more commited. The next more exciting stuff will be the graduates gatherings and tutorial classes that i am going to plan. There are people out there who has attended my course. I intend to setup this support to help this people in trading. While i cannot guarantee you become a millionaire, i want to make you a T.A practitioner!

A scan on XPertTrader showed that many of the China shares are making a comeback. Most of them closed the week with good volume. Perhaps the Olympic effect is working it's magic? I can't say the same for our property counters. Capland's result really got its stock price whacked hard. How obvious can it gets? I remembered reading about it in the newspaper plenty of times about how th property market is getting quiet... not once but plenty of time. Next will be construction sector, but unfortunately they already got whacked.

We paid no attention to the trading in US. There was clearly no follow-through buying or selling whenever there was a massive move in US. With National day coming up, we may just hold it there till the week ends. Olympic may lift us abit if any, but down? I doubt this week we will go down.


Hongxin: This one is Joseph's favourite. :P Bull engulfing pattern based on last friday closing and the resistance will be at 565 to 545. MFI is firm and MacD in a nice trending mode.

KS Energy: No wave without wind. What an incredible run by KS energy.... a good candidate to be on my watchlist. I be waiting for a pull back.... CS reversal.... volume

Hi-P: The breakout resulted in a doji at resistance, in japanese candlestick terms, we call this the star in the north. Uncertain bulls... Coupled with a higher than average volume, very likely to pull back into the range.

Ferro: A quick check saw that the falling window is now acting like a resistance. The strong volume on up days certainly caught my eye. I am keen to see ferro pull back because of weak holders cashing out.

Capitaland: Broke the bulls' stronghold of $5.55 . $5.10 is the lowest of the year. It is not fun for the bulls if this gives way as well. I remembered the last round i shorted Capitaland was $6.24 and i shared this trade with graduates from the course at the gathering. Too bad i was using a local house CFD which required roll-over. Nevermind, now i have foreign platform and can hold my shorts for longer periods!

Biosensor: Is it a case of coincidence or history will repeat itself? I will watch for the next day selling. If it is going down, the selling will comes with equally strong volume.

DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.