The market finish today with as much of rebound as yesterday's declines. One very important missing factor was the volume! Volume is lighter today than yesterday for most counters. I was correct in anticipating a weak session after many of the breakouts U-turned which i mentioned in the last post. I rate today's rebound as weak.
Blueline theory is working it's charm! It was really a wonderful feeling as i checked and compare the results of my scans yesterday and the closing prices... you wouldn't believe it. YHI, ManWah, Thomson medical, Allgreen...they are in my homework! I didn't post them online because i was paper testing it. Now that it's more or less confirmed....*drum roll* Ladies and Gentlemen, may i present to you, the likely stars of tomorrow!
Blogspot fails again when it comes to uploading of charts. Anyway, there is no need to see charts, i seen and filtered what i like and dislikes. Convenience at your fingertips. : ) Reward me pls!!!
Growmoney QuickPick
Stock : Line of least resistance
Asia Env : 0.325
Hong Guo: 0.475
C&O : 0.480
ChinaWheel: 0.395
ChinaPetro: 0.710
China Diary: 0.470
Semb Kim: 0.535
Wingtai: 1.70
MFS: 1.18
Keppel Land: 4.50
Ezra: 2.64
HPL: 1.84
Remember, it must break convincingly, otherwise just cut loss. For a true breakout, it will follow through the next day. If it dilly dally, just cut.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
