Actually from my watchlist, I can see a number of stocks go low then close flat. I think it's a good sign that they didn't get lower. Must see how Dow performs...so far not good.
I just saw that Swiber could be having a nice pennant formation. A nice long flagpole followed by a retracement which forms the pennant. Could have huge upside if it breaks 3.52 convincingly. Weekly chart might be able to support that idea of a breakout of flag formation. Looks good :)
CSC also looks fishy. Why is there a spike up in volume today? Symmetrical triangle...if it breaks 0.330, I think we can see it going towards 0.345 range.
Below is the chart of CHoffshore. Interesting chart, can study it, but I'm not buying anything for now, haha :P
Dow is now at -109 now, haha :P Looks like tmr we can see more downside of STI. Remember the rule of Jan's first 5 days? It'll determine the whole year's results (most likely).
3 comments :
LP. Why is it that the first 5 days represent the trend for the year? Do enlighten.
Btw, any nice books to intro amongst all ur reads?
Do let me know when u've replied on my chatbox so i remember the question. Working = busy u see. Thanks!
Hi JX,
There is a theory that the first 5 days of Jan (whether positive or negative) will determine the whole year result. So far you can check STI, it's quite true. I just checked Jan's result...then the whole yr result.
I'll check that validity out myself!! =D
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