守得云开，见明月

Just as the title of tonight article suggest, patience was rewarded sweetly. After being frustrated by the market for no less than 3 weeks. The rotational interest went to the mid caps and also oil & gas sector. This round, I managed my emotions very well. Instead of acting out my emotions in the market, I fired away on the keyboard on Monday night. Managing one's emotions is very important in trading. I never forget, other than T.A, money mgmt and psychology are the pieces to the jig saw puzzle. I would have made the same mistake of the yester years should i have sold just because the stock doesn't move. All the expensive lessons of the past has served me well.

I went on a shopping spree today and bought Genting alongside YangZhiJiang. With 5 stocks in my portfolio, i won't be in a hurry to add more. Instead i'll be looking to harvest. Genting's resilience caught my eyes and YangZhiJiang had a chart formation breakout known as inverse H & S.

My Malaysia counterpart Mr Justin Tan will be kick starting a series of Technical Analysis workshops in collaboration with theStarOnline in Kuala Lumpur. If you are trading the Bursa, you can check out the details at www.chartnexus.com/events . For Singapore investors, our next date with you will be at SGX Auditorium, details can be found at http://www.chartnexus.com/events/details.php?eid=1133

Screening results from GrowMoney Trading System shows at least 25 stocks. The market looks likely to extend its gains. I be watching any follow through buying.

If you notice i haven't been talking in the shoutbox recently....something is bothering me... why is that a powerful and simple to use software which is affordable to the typical retail investor isn't selling like hot cakes? I am indeed a poor salesman. No matter how I showed that trading system can be easily downloaded from the Library for a quick start, or how easy it is to look for buying or selling opportunities once you have your rules defined in the XPertTrader. Long time ago when I was still using "X" charting software, I had to flip so many charts everynight to determine what to buy sell. Eversince I adopted ChartNexus XPertTrader, things got so much simpler! Everything I wanted to know about the market can be retrieved by click of a "Start Screening" button. Anyway, i will try harder to show how great a companion XPertTrader is.

Quiz of the day, there is one obvious sector that had gone quiet for quite sometime.... time to tikam?

Also if you are interested to learn about short term price pattern trading techniques, i am invited to speak at next month's Smart Investment and International Expo 2007 happening at Suntec City. You know what's the best part? Admission is free!

GrowMoney Growth Fund
HLH
Jasper
LC Dev
Adv Hldg
Ausgrp
Genting
YangZhiJiang

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Frustrations

Over the last few weeks, i revisited one of the most torturing emotion known as frustrations. This feeling stems from being able to get the market direction right and yet the portfolio didn't generate any profits. The worst thing to do when emotion gets the better of me is to trade on impulse. The great Livermore said, when you are trading, it's important to have a stable emotional state and inner peace is very important.

The wrong thing to do is to cut my positions just because they frustrate me. This is because from the charts, the critical supports have not give way. Nothing on the T.A side i had done wrong. I conclude that i was too early in the sectors i bought. Was it too early or am I proven wrong by the market? Also, to miss the banks and properties rally, i have only myself to blame. Yes, no one else, not the market, not the chng kay but myself. Because i was slow to react. I DID NOT pull trigger. I was retarded!

If anything, the way i saw all the bad FA companies rotate to rally, again seems like warning sign. MEdia Ring???? Got sala or not??? then again many breakouts no follow through. A friend reminded me end of Sept liao.... fund may be dressing up until nice nice.

Also, i cannot stand the magnitude of HSI going up north. It's ok to go up but not when it's without me!!!! Again here i was retarded! A strong word but yes. I took too much time in reading the market and didn't pull the trigger.

With a strong Monday, tomorrow and Wednesday i will be looking for weakness followed by firm actions.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Good Finishing

Last Friday's closing is a show of strength as we see broadbased buying. Lian Beng closed significantly higher and many of the construction plays came back roaring. I too observed buying interest across the board. Construction and oil & gas plays has been quiet for nearly 2 weeks after they came out of the rut strongest. Banks and Properties followed after rate cut. Then we saw baltic sensitive stocks STX and NOL rock the charts. Mid and small caps went sleeping. One by one, punters favourite came alive and often times it was shortlived. Banjoo, Jade...C2O, Atlantac... It made me very tempted to hunt for the next probable old flame and punt waiting for chng kay to push up.

I saw many stocks start to turn in my trading system. Good sign. I'm using a trend system and hence if i continue to see those signals coming up and those stocks keep going higher, it only means the market is trending higher. If I see those stocks with signals stop short in a trading range, i will know market is probably not going anywhere soon. I shall then do swing trading and not ride a trendless market.

If you havealways wanted to know about Fibonacci and it's application in trading, do not hesistate to join me at SGX Auditorium as I share with you practical trading experience with Fibonacci. Register at http://www.chartnexus.com/events/details.php?eid=1133 now!

Quiz: What does ChinaTranscom, Sunvic, UnionMet has in common?
Ans: Cessation of substantial shareholder

GrowMoney Growth Fund
HLH
Jasper
LC Dev
Adv Hldg
Ausgrp

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

A glimpse on indices

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Market refuses to head lower

I decided to cut my Federal last Friday after a failed breakout. Today I cut my HSIPW after HSI did not follow through yesterday's selling. After monitoring the price actions for the whole day, it seems to me that it doesn't want to go down. At every dip, there is plenty of buyers. As I am buying the warrants, i cannot forget it is a wasting asset due to the time decay factor. If I had shorted the futures, then I can perfects trade my short position higher, or do a scale up selling.

My plan was to lift either my stocks or puts according to where the market is likely to head, when europe market opened steady, and hsi close firm, i had to lift my puts in favour of a positive reaction by the market tomorrow.

Another reason for lifting my HSIPW is that, I don't want to risk the upside due to a possible interest rate cut. Although I do not think cutting the interest rate can solve the problem, but who am i to go against the market? Rather than holding on to the put warrants and stand against the tide, I believe after this rally, we may risk a possible downside. I don't know how far can this rally goes, but since it's going up, i shall long until the market showed otherwise.

Plenty of banks are giving results this week in US. This is key to understand the impact of subprime or credit crunch.

Next week's Technical Analysis class is sold out once again and October's class is filling up. The current demand for Technical Analysis knowledge is just amazing. This sets me thinking, with more and more retail investors knowing how to avoid risk, can this bull run be more sustainable than we thought?

I will also start to kick start a series of Technical Analysis training videos. As you can see, the first on Fibonacci has been posted. I hope to help in a small way. Every week, i will upload a new training video hence stay tuned! : )

GrowMoney Growth Fund
HLH
Jasper
LC Dev
Adv Hldg

If Ah Ben really cut rate, reits, properties should benefit. Ausgrp was picked up by my Trading system.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

No eyes see

With my stocks not going up, and HSI going against my trade strongly..... I stepped into Federal upon breakout and once again, breakout no follow through....

Under-estimating China Money

I had under-estimated the power of China money as Hang Seng finished new high once again. Seems like the word sell or profit-taking is not in the chinese dictionary. My short position is out of the money. It will be foolish of me to counter the trend. I will look to trade up my short position ahead of Fed's meeting. Also if the market refuse to head lower, I will be looking to add more stocks.

AdvHldg looks to be holding well with volume drying up. LC Dev, i don't like the way it failed at the breakout and once again there is no follow up buying in the sector. Infact this syndrome can be observed accross the market. Some glaring forgotten stocks like unionmet, sunvic, had an incredible run. Also, it seems like the market tone is firming up. I will be watching the next leg down since we are not able to maximise the gap up over the last 2 days. Gaps are very powerful as it marks th strong conviction of the market participants. If 2 successive gap ups unable to propel market higher, i must be prudent.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Construction flexes muscle

After taking a week's break, constuctions rumble again and hitting top volume. I picked up LC Dev after the latter seem to have broke out with volume and price. However it seem to have hit resistance 0.480. I just have to try because i had been tracking this stock for weeks and been waiting to pull trigger. When the signal came, i just have to stick to my discipline. I also added a batch of HSI PW. This is for my structural short position if the market tanks down form here as this is a very attractive level to hold a short. With 2 stocks in my portfolio for now, i'm hedged. If the market proves to be resilient, i shall cut my put warrants and long more. If I am correct on the downside, i shall remove my long positions and look to short more. I believe market has arrived to what we call a pivot point.

Screening the market with XPertTrader, I saw quite a number stocks traded higher with high volume. It seems to me market is rotating through the sectors. Why else would sunvic and unionmet rock the charts? After flipping through many charts, i saw a perfect reason to head down. Many charts are trading near or at the support now turns resistance. If they can break this level successfully, i believe more upside. If they goes lower, that will be used as a reason by technical traders.

Market should be awaiting 18th Sept. I still haven't formed an opinion of what Ben will do and how market may react. Oil price hits record high and subprime still a question mark. Both are good reasons to justify a slowing or to slow down the economy. Perfect reason for market to be sluggish.


Last evening at the Stock Selection with XPertTrader, i almost cried in front of the capacity class. My heart sank when I randomly screened the market with my trading system to show how to use XPertTrader and out came C2O Holding which was alerted on 23rd Aug 2007. Why didn't i see it ? Complacency! After getting no results from the system screening for a few nights, i assumed that many stocks are still in downtrend and that it will be fruitless to do homework and hence skipped for a few nights thinking until I saw strength in the market. Gosh....

Anyway, ChartNexus Technical Analysis Course is filling up fast with 3 weeks to go! Last count, is left only 5 seats. This course doesn't just teach you a system or 1 strategy, it covers a wide spectrum of working technical analysis knowledge that will empower you to trade any market with the knowledge..... be it futures, forex or stocks. The only drawback is, participants must come with laptop as it will be practise focussed and we are practising on lastest charts.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Bracing for the onslaught

Looking at the chart of STI, if we close lower than 3400s, it will be ugly. Technically it means we have some more downside. Many would expect STI to test the last low 2960. Personally, if fibo 38.2% holds at 3300, effectively we still have higher low. And should STI turns up from there, good sign. Anyhow, there is currently no catalyst for STI to be bullish. I favour working out a nice chart base and then we challenge 3700 by November.

All along, i favour another leg down to ascertain the selling pressure and hence I didn't actively load up stocks to avoid risk but only 1 which is Adv Hldg. Tomorrow I will scrutinise the tape closely. I did for a moment feel like a fool watching the market rebound strongly and yet I did not profit much. Greed. Technically, it is risky to load up and hence staying out is my best option. Had I sucummb to greed, tonight i would be a very worried man as i will be badly exposed to the possible downside facing us tomorrow.

Ai zai, recently, i notice STI recently divert from the DJ movement. Should HSI remains firm, we should survive like the 300 brave men from spartans. Higher low higher low! *chant*


While I anticipated the employment data to be poor, my take on the market direction was wrong. I had anticpated due to the poor data, market may like the idea that it can induce Fed to cut interest rate and that we should at least close flat or up. Instead, we went down big time. This will impact Monday's opening for Asia market. While it is expected to fall, my eyes were on the possible support levels to justify an uptrend intact. Also, why would the job data post any surprise to the market? From the subprime fall out, it is already in the known alot of people are losing jobs. Why did market plunge despite knowing such an obvious data? Market taking that as an excuse to sell? Wouldn't this latest data induce Fed to cut rate? What happens if they refuse to cut rate? What happens if they cut. Technically, i saw something unpleasant. 13,300s level turns from support to resistance. 13k must hold, otherwise it will trigger more technical selling.



HSI hits uptrend resistance line and looks ready to pull back with RSI hitting similar resistance. There were 2 gaps and I think the second one closer to 22,400s will likely be a support if any as the gap support confluence with fibo 38.2%.


DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

STI rumbles!

Analysing Adv Hldg in details as I have vested interest. RSI is near resistance, Possible resistance level is 0.520 and target price of flag pole should be conservatively 0.570

Adv Hlding went higher after breakout the previous day and it has been going up for 2 days straight. Hence I ought to be prudent and will be looking to sell upon weakness for a successful swing trade. What makes this win sweeter is that it is screened using XPertTrader. I am going to upload this rule into our XPertTrader library so that subscribers can enjoy using the rule. Maybe next week at the workshop, i will demonstrate.

For those interested to join ChartNexus Technical Analysis Course, you will be given 3 months free of XPertTrader subscriptions worth $105.

XPertTrader Screening for Short term Price pattern:
Armstrong
Tiongwoon
SunningTech
SMB United
Occulus
Yongnam
LC Dev
Lum chang

I'm still observing for breakouts in the stocks above. Tomorrow is Friday and it will be a fantastic time to fish if the weather is fine. On the weekly chart, am seeing almost 59 stocks turning around on their weekly chart.... no buy very sayang.... so i may pick up one more.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Technical Glitch on STI

Many thanks to Minwen and Zhi Yang from mypaper.sg (hope i get the name right as my mandarin is only half past six) for featuring my humble blog in the papers. The mandarin in the passage was like wow! so many idioms ah.. keke somehow intensify a simple interview.. wah journalist jiu si journalist... the pen bery powerderful! :D And Zhi Yang, snap snap away at shenton way with many passerbys giving me the wierd look! haha I thought i will never have to do this after my bridal shoot, i was wrong! :D
It was certainly a pleasant surprise for my folks. Thanks for making their day a happy one. : )

Early in the trading day, there was a technical glitch on STI. Simsci open gap up and my put warrants from the day before looks set to be BBQ'ed. However due to the glitch, STI did not track simsci and it gave me time to get out of my put warrants with a 2 bids loss. Lucky escape! However, as i always avoid risk, the warrants i bought has got a slower delta and hence it won't move very fast against me. My choice of warrants has always been if i'm wrong, it should move slowly against me, when i'm right, it should move faster in my favour.


STI: Upward Fibo resistance 61.8% compromised. However the volume on the way up is classic warning sign. However, i will only be wary and not take any actions as too many times, volume can just pick up suddenly on the upside. 3407 thereabts should be good support if uptrend would to be engineered. Ultimately, i see a possible ex-support now will become a potent resistance. For the good of everyone, let us hope we "soon soon" break through it and welcome back the bulls.

Today I picked up Adv Hldg after a chart base breakout. Although my view was that the subprime thingy is something serious and that it can cripple the finance system. However, as Jesse Livermore puts it, "Opinions are often wrong and Market is always right" I am not going to argue with what is happening. Since market doesn't want to go down, what good does it do for me to be sidelined, stubbornly sticking to my views and refuse to trade? I tried to short the index over the last few weeks and although i made on all 3 occassions, it was a hint to me market wants to trend higher. This is because, the levels i shorted are near pivoting points where index should plunge. Instead, index showed resilience and I have to go for quick profits instead of pocketing a big profits. Furthermore, together with participants from my course, we deciphered what could happen this week on Sunday. Anyway, I'm comfortable doing swing trades until i see a couple of nice uptrending stocks for me to ride on.

XPertTrader Screening for Short term Price pattern:
Armstrong
Tiongwoon
StraitsAsia
Occulus
Yongnam
LC Dev
Lum chang

From my nightly volume screening... alot of shipping companies hog the list... think think think.. after shipping what should move??? So far red army not moving??? where are the old china favourites? Will they cheong?

Something interesting!!! Capitaland appeared in my growmoney trading system screening. The natural thing I want to observe over the next few days is more property stocks coming onto my XPertTrader results. If that happens, my anticipation is not only will property counters move, STI will not go down too.

DJ is trading at -150 at the point of my entry, i have no fear as yet as it is only normal for it to pull back and corrects. Mid week corrections can make way for a good Friday closing.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

30k to 40k per month?

Just to set the record right, I am not making 30k to 40k per month! haha It was an estimation based on my stock picks by the press.

I never like to tempt people into trading promising big profits. It is certainly not easy. Rather for anyone who wishes to join this game, understand the RISK and learn how to manage risk before we even think about big profits. Thinking about profits all the time will weaken your psychology against market swings which are normal and happen plenty of times. This is one reason why many people took a loss and then only to watch the market rebound on them.

Trust me, when you are able to decipher the market, money will flow naturally. Focus on deciphering the market.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Early Stage of Recovery?

The market showed a glaring no follow through in buying where most of the stock went under profit taking. A slew of economic data are due from the US. Bush and Ben assurance about economy and credit crunch did not have any impact outside US as all other regions succumb to weaker closing. Nothing bearish as yet as there were no massive selldown not including Midas.

If we are at the early stage of recovery, sector by sector, interest will rotate in. It will not be good to see one sector after another showing "stalling" actions. Which means massive volume yet prices refuse to close higher. However i don't rule out one more leg down. This is because the current psychological state of market participants should be nervy and quick to profit. So long price doesn't move up further, common thinking is to sell first. Hence it is important for me to track the 4 sectors as mentioned yesterday for any clues of market direction. Since tomorrow is already Wednesday then Friday's closing should be easier to anticipate.

Calling all ex-Cracking the Stock Market Code participants...there is a workshop organised just for you. Please check your mailbox for the invitation or visit http://www.chartnexus.com/forum/viewtopic.php?t=262 or email to decipherlabs@yahoo.com.sg, only opened for ChartNexus Alumni.

XPertTrader Screening:
Results for potential short term price pattern: (Pending breakout for swing trade)
AdvHldg, Tiongwoon, LC Dev

Results for unsually big volume: (Pending short pause after sharp rally)
Sinopipe, STX, Sino-Env

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

2 Obvious Sectors

After tracking the rebound for 2 weeks, as we enter into the third week, it is time to pick the sector i will be invested in. Once I am confident of the market direction, this is the sector i will build my new portfolio around. From this sector, i will then look for the leader by my own definitions. Oil and gas suppliers looks good and constructions, it will be interesting to see if there is any follow through buying since they only started to rumble last week. I treat today's no follow through as an indication that there are plenty of selling still.

Banks and Properties are the 2 sectors i will also scrutinise closely. I am taking a contrarian view here because it is too obvious that these 2 sectors will be under pressure. Using technical analysis, i will follow the smart money and avoid conventional thinking. Should smart money began to buy, i will follow too. But right now, i'm happier to stay sidelined.

Recently, i managed to devised a XP screening rule to pick up possible short term price patterns for swing trading. I think in this month's issue of SmartInvestor, I had written about that as well as taught this topic at ChartNexus's monthly event as SGX Auditorium.

I will be tracking 3 stocks for possible swing trades, TiongWoon, Adv Hldings, StraitsAsia, OrientCent.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Unusual movement ahead of Ben's speech

US futures lead global indices into a sudden rush as we close higher at noon. This is ahead of ben's speech tonight. Judging from the buying, it seems like he may be annoucing something positive. But then again, it is never so easy. This week's actions has seen mostly buying interest, it makes the last few weeks of selling so forgettable. Over the past 2 weeks, I have managed 3 swing trades on STI and profited from the short side. I would have loved to sit on the put warrants, however, when trading the downside, i always remember this: Price when going down should be fast and furious. This is because of the panic and fear factor driving the price south in great speed. Hence when the market met with resiliency, I took my profits and wait to pounce again. I was very tempted to go long as the broad market seems to be having a field day. However, I never forget how easy it is to give profits back to the market and opted to stay out for now.

Screening on my XPertTrader rule, I found 2 sectors looks to have turned around base on weekly chart. If they finish strongly, i may pick up 1 stock. You may want to check out a list of stocks i presented to fellow XPertTraders at workshop here >>> http://www.chartnexus.com/forum/viewtopic.php?t=219

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Dow Jones for now

The current price action brought DJI to a confluence level of upward fibonacci retracement and the top formation resistance. It was also observed that the downtrend line is nearby. RSI looks to be trading at the downtrend line. MacD indicator has a very interesting development. The signal line and MacD line crossed over during the last crash in March'07 and market recovered swiftly. This time round, we are at the same crossover point, the outcome will be interesting.

Join us at SGX Auditorium on the 6th of September 2007,
Profiting from the Bull and Bear Market. Click here for more details

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Taking Actions

As seen from my previous posts, I already had a plan and an opinion about where the market is heading. Over the last few sessions, I promptly executed my plans calmly as the market moves in the direction of my anticipations. My plan was to trim down on my stock positions and to trade on the short side.

It isn't difficult to see that rebounds lately had always been a short and quick affair. There was no sustained rebound and this is ringing alarm in my head. Through the weeks, I have dumped my stocks on rebound. Right now i'm left with 3 stocks. Later I will explain the rationale of keeping these 3 stocks. Index wise, i profited from 2 directions in quick trades. 2 weeks ago, STI was supported at 3300, I long the CW and took a quick profit. Today STI tested 3300 as resistance and it failed during intraday, i went for the put warrants and before the end of the day took a quick profit again. HSI's incredible plunge from positive 1000 to negative is a warning. However, a quick check on Dow Jones, it can rebound to 13,300 thereabts and hence i decided to keep my profits first and re look later. I will be tracking global indices for now and will be looking forward to more trades on the indices instead of individual stocks.

I am pleased to inform that there are only 7 seats left in my 2 day Technical Analysis Course, happening from 1st Sept to 2nd Sept. Should the market bottom by then, the concept and strategies shared will come at a good time!

It's very interesting to know that these participants are serious about learning. Despite the current turmoil, instead of feeling frustrated and paralysed, they turned frustrations into actions! They seize this opportunitiy to learn more about Technical Analysis and be prepared for the next opportunity.

GrowMoney Growth Fund
Jasper
HLH
Yongnam

I intend to ride through the storm with the above stocks and dumped the rest at a loss. This loss eroded part of my profits built from Mar'07 to Jul'07. However the profits from Jul'06 to Mar'07 is safe in the bank. This should limit my exposure should the stock market really crash. When market crash, bid and offer spread will be spectacular. In a worse case scenario, there could be no bid queue to sell to. Hence do not take a crash too lightly. I simply do not like the cloud above credit woes and it's impact on the global economy. The most sensible thing to do is to step aside and reassess the situation and get out while i can.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Federal Chief Cuts Discount Rate

We saw how the markets rebounded late afternoon and then at night, announcement came from US that Fed had cut the discount rate by .5 basis point. Is it coincidence? Or did the privelleged ones closer to information managed to move in first? Why did DJ rebound off 12,500 and close at 12,800s on Thursday night? Smart money also know where they should move price so that the confidence of the market will not be rattled. Hence I do not trade the market using guess work, i form my own opinion and act accordingly. Making use of Technical Analysis, I remain objective in times of panic and will enable me to trade a non random market. Market doesn't move in a random way, there are clues to where it will move and we should all have a Trading System to crack the stock market code.

Source from http://www.federalreserve.gov, Ben Bernanke
In June 2006, Ben holds interest rate hike and that set us off on a wonderful rally for the rest of the year. Now 2007, Ben cuts discount rate and many in the industry are looking at it as a prelude to interest rate cut in September.

12 Aug 2007, wrote about my opinion. Right now market has moved in the direction of my anticipations that is, we are on course to a sustained rebound. If it happens, i will be turning long on index and get out of my stocks on the way up before the rebound ends and turn short. I believe a lower high would be seen. If market still cannot rebound, this is bad because if good news doesn't help the market, there will be no incentive for the market to move up in the near term. Right now, I shall stick by my view until the market proves otherwise.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Private Email Exposed

Stupid, who shared his experience on the on-going turmoil in the shoutbox has emailed me to share a list of stocks to study.

These stocks are deemed to be still expensive interms of FA. Here's the email.

Thanks Stupid!

Hi Decipher,

I am STupId from your blog. Hope u can put up this list of stocks that L&S keep promoting and I simply can't see y we have to buy based on conservative FA. Everything has a price, I am not say DON"T buy FOREVER... but they should only be purchased when the price is MORE, much MORE attractive than now. Here it goes (in no particular order, just recalling from my head):

Cheena Steel Trains (Midas)
SIN-OH (Sino Environ)
Strippers (Swiber)
Red heart/Red star (HongXing)
Red country (HongGuo)
China Fertilizer (China XLX)
YangZi(YangZiJiang)
Lord of the YAN(Yanlord, even T**as*k was buying?? gosh, they under the L&S spell?)
Love potion #9(JiuTian)
Cheena Steel Balls (FerroChina, low margin n yet high valuation)

ALL the LANs(capitaLAN, KEPPEL LAN, Shitty DEV, SG LAN... blah blah blah)

Will alert u when I find others...

Good day,
STupId

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Support Levels for DJI

Utilising Fibonacci, we can connect the low on early March '07 to the top on mid July '07 and we will get all the retracement levels. DJ has broken the perceived support at 13,228 points which was once the 38.2% support. We saw DJ trading above this support level during late July but this level has now given way. The possible technical support levels in technical analysis are as follows:

200 Day Moving Average is at 12,813 level
Fibonacci 50% Retracement Level
Major Trendline support which is close to 200 Day Moving Average

Download your FREE professional charting software or find out how to automate your stock selection.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.