Fengshui outlook for 2008

Just came back from a chalet..damn tired, didn't sleep for 1 night :)This is from a friend of mine...a rather long convoluted message about 2008 based on Fengshui. I suppose with the chinese new year coming, there should be more of such things coming along in the next few weeks. No need to believe or disbelieve, just read for fun :P Pardon the bad English though, haha------------------------------------------------------------------------------The...

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The darkest day in Pakistan - Benazir Bhutto assasinated...

STI went down 31 pts to close at 3445 with a volume of 1.2 billion. Dow went down a lot - down 192 pts (1.42%) to close at 13,359. Haven't seen Dow dropped so much in a while. Could be news that Benazir Bhutto was assasinated. My sincere condolences for this brave woman.Wasn't monitoring the market since I'm out for a good part of the day. I saw that overall it didn't drop that bad...still okay. Still, a little part of me is still hoping that 2007 will end with a good note. Well, we still have half more trading session on next Monday to conclude...

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Ominous signs for Dow

Here's the intraday chart for Dow:Within a few minutes of my posting, more mayhem:I think 13400 here we go ...

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Warren Buffet prediction for 2008?

STI was flat today; it closed up 4 pts at 3477 with a volume of 1.19 billion. This is quite similar to Dow performance last night when it closed up 2 pts from a negative opening. Volume in the market is really pathetic, which isn't surprising given that most people are abroad enjoying their holidays. I don't expect market volume to return to 1.5 or even 2 billion till perhaps the start of the year 2008.Today all the agri stocks went up a lot. Wilmar, Golden agri and to a Indo agri shot up. I guess agri is the sector to focus on for this bull run,...

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S-shares went up a lot

STI was up 38 pts to close at 3473 with a volume of 1.28 billion. Still low volume but at least that it shows signs of a bull coming. We're so approaching STI's resistance - around 3550 to 3600? HSI is closed today, and I expect tmr it will surge up on a pent up urge to buy, haha :)With the new bidding system, I think I need some time to get used to it. I remember on Monday that some people are still using the old system (it's still observable today). Oh well, one of the side effects of this new system is that it made STI move slower. With banks...

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Have a great christmas eve and a joyous christmas!

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Bradley turn date fulfilled

What a wonderful rally by Dow last night, fulfilling Bradley's turn date :P Dow was up 205 pts (1.55%), Nasdaq up 1.94% and SP500 up 1.67%.Just a reminder that on Monday, the new bid size system will come in place. I'm still wondering what kind of impact it will do to traders here. Ccloh from cna forum had analysed it very nicely, so I'd like to share it here: advantages-------------1. for less than $3 stocks, the bid size is as usual but good thing is now you can queue 10-bid lower or higher to buy or sell. example dumpling close 1.59, you can...

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STI up 1.21%

STI was up 40 pts to close at 3398 with a volume of 1.5 billion. Haha, was half-expecting that STI would close flat or bad due to HSI, but both surprised me! HSI was up +609 pts, possibly bringing up STI to close 1.21%. I see most of the badly beaten S-shares went up, a good sign :)With today's strong closing, a lot of charts went from bad to showing signs of reversal. Tmr, 22nd Dec is the Bradley turn date - a date where a strong reversal has a strong possibility of occurring. Looks like it already did :) Anyway, glad that I bought china milk...

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I'm back :)

I'm back!After spending a few days at Batam doing nothing (what a luxury), I'm quite refreshed! STupid is right, it's hard to reflect when your gf is around, haha :PSTI seems to hold well, with prices fighting back up after touching 3300. At least it didn't drop lower, so that's a good thing. Saw some of my stocks falling more though - Swiber, CSC, Yongnam, Pac andes... See already also sianz right? :)I got my rights for yongnam converted to Yongnam...

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Bought china milk @ 1.04

STI dropped 112 pts (3.25%) to close at 3353 with a volume of 1.39 billion. Woah, all the big caps like SGX, DBS all falling like dominoes. Agri stocks is also whacked hard and fell sharply. Well to be fair, everything fell sharply, most breaking support too.Today I entered China milk and got my buy queue fulfilled at 1.04 price. Haha, I didn't know that they are the only ones in China to distribute bull semen. ONLY. Talk about monopoly, ahha :)...

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China milk

Snap TA for chinamilk. A bit messy, I know.3 supports come together at 1.05 for chinamilk. Long term trend line (tested 4 times), horizontal support at 1.05 and fibo retracement zone. I suppose that will be a good entry point. Being cheapskate and being half-hearted to go in, I queued at 1.04 :)HKSE opens at 10am. That might be my small window of opportunity to enter at that price. The last I saw around 920am, there's only 141 k queuing at 1.04...

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My precious!

Sorry for the side-bar advert that is slowly creeping upwards. In case you're wondering why I'm writing this sycophantic blog about my ad-host, well, don't. I'm not being paid for it. I just had to say it.Was emailed by nuffnang that a host had decided to put their advert on my blog. Since it was the first thing that I managed to sell pixels on my webpage for some cash, I'm naturally excited. Their requirements? Had to put it on top (or rather,...

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Head and shoulders

It's late at night and I should be sleeping...but couldn't resist posting this nice head and shoulders formation from Dow intraday.Ideally the price will rebound back to neckline after breaking to test the newfound support turned resistance (thought it's not necessary). It's interesting to see how the rest of the chart develops when I wake up in the morning :)Based on head and shoulders price objective (measure head to neckline and measure from...

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STI down 12.9 pts to close at 3466

STI dropped 12.93 pts (0.37%) to close at 3466 with a volume of 2.07 billion. OKAY lah, still okay, considering that intraday, STI dropped much heavily before recovering towards market close. Still far from bottom trendline, scared for what? :)Haha, didn't expect china milk to give in so easily for 1.100 :) Intraday low of 1.070 reached, close at 1.08. Seems like a breakdown of support line :) Go in or not? hmm.. Still waiting for the ultimate big fish HSBC, so must be careful of my funds.Saw quite a number of counters have intraday low but close...

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HSBC chart updated

The chart below is HSBC at the end of Nov 2007.The chart below is HSBC today on the 2nd week of Dec, 2007.Latest chart shows that HSBC did not rebound from the support trendline and the price fell below it. I'm waiting patiently at HKD 120, which is both the horizontal support line AND the dynamic support line B AND the price objective of breaking the rectangular patter...

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STI down to 3479

STI dropped another 70 pts to close at 3479 with a volume of 1.6 billion. Banks and property continued dropping after the rate cut. Dow opened up 200 pts but closed around 40 pts up, a rather disappointing performance.A news to share about construction:1. Koh brothers secured a S$78.9 million contract from MOE to build river valley high school and hostel. Again, this news was totally discounted from the price today, as Koh bros traded down 0.035...

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FED cut rate by 25 basis pt - global bloodshed

Haha, market always surprise people! A rate cut of 25 basis point by FED last night resulted in bloodshed of DOW - it fell 2.14% (294). STI followed by dropping near 80 pts before recovering to close down 40 pts (1.11%) at 3549 with a volume of 1.45 billion. Banks and property stocks which are strong gainers just yesterday, fell upon the bad market sentiment of the rate cut.I suppose the market is expecting a 50 basis point cut but it didn't happen, hence the fall. I don't see it as a bad thing. I have a strong feeling that Dow would close strongly...

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Yongnam rights oversubscribed

STI went thru another boring day. With a volume of 1.33 billion, what can we expect to see? Do not be misled by the 36 pts upside by STI today to close at 3589, it's lacklustre. Only the big caps, esp banks and properties are moving up in anticipation of the rate cut tonight over at US.Yongnam excess rights issue is oversubscribed 184.4% of the total number available. Very low chance of getting excess rights, if you applied for it (I didn't). Preference will be given to those who are rounding up to whole lots while directors and substantial shareholders...

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Newbie's faq well-recieved :) Thks!

STI closed flat at 3553 with a volume of 1.38 billion. The low turnout today must be attributed to the FED meeting to be held tmr night. Most are staying on the sidelines rather than holding any positions over the next few days.Market is so quiet, no point watching it. The only worthy announcement that interests me is the release of popular's 1HFY08 report. Interesting to see what they've got after I did an FA on it recently. I'll comment on it in due time.Seems like my newbie's FAQ is well received :) I think I must have done the right thing...

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Midas, UOL, XLX, China hongxin

Some charts for charlesming:I choose weekly charts whenever I can since I know you're not trading the stocks - so a longer time frame is appropriate. If I have more data, I'd also do a monthly, but as it is, I only have 1 year worth of data from chartnexus free :)It's interesting because what you see on daily might be exactly opposite to what is seen on the daily, so which do you believe? For me, the longer the time frame of the charts - the more...

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Newbies FAQ

Since I kept answering the same few questions time and time again in cna forum, I decided to post it in my blog so that next time I don't have to retype it again. This is what I'll do - i'll collect all the most commonly answered questions about the stock market, then I'll post the answers here. Easier for everyone. Here goes:(Updated on 4th Feb, 2008)Summary of questions:1. What causes the price of a stock to go up or down? How come even though the buy queue is higher than the sell queue, the stock doesn't move up in price?2. What is the trading...

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