Life For Rent

And what a week we’ve had. Let’s take a look at the chart without indicators. I drew the fibonacci levels using 52 week high and low. You know that the high is around the 3900 region while the low is somewhat around the 2750 region. So you can see where we’re at. In red is the the levels on the move down and how far below we could dip, and the one in green is a projection of how far we could go.  It is not any surprise that the levels are somewhat similar.  So in general, if the previous low cracks, expect to see a possible support at 2470. The next one is in the 2100 levels but let’s not look at that for now. We don’t have to bother with a projection over the previous high cause that definitely means we’re still in the bull market (are we?). But just for arguments sake, you can see it is around the 4200 level. Simon Sim anticipates that the STI will top this year at around 4300. Will he be right?

Look at the 50% mark. You’ll see on the next chart that that line is where the 200MA happens to be. An extremely cruicial point where a convincing break of that level tells many things. Not only is it an MA resistance, it is also a fibonacci resistance, and a huge 52 week resistance/support level. On the move up, it appears we have breached the 38.2% level which stands at around 3185.  Recently just weeks ago we broke it, re-tested it and on friday we succeeded in breaking that resistance marginally. Monday will be interesting to watch if that level has indeed become a support.

Now let’s look at the STI chart in full. MACD histograms are definitely nice and green. Remember about the bearish divergence I spoke about? Notice at the previous highs, the MFI (RSI does show the same) shows a lower low. If the index is going up, why is the indicator going down? Ahh… something not quite right. It usually spells a very near end to the uptrend and a beginning of a downtrend, especially if the volume on the way up is low. Sure enough we got hit all the way down to a support level. It did not hit my targeted level. Could be a good or bad thing, depending how you look at it. So what we see, which is similar to the DJIA, is the M double top pattern. Now it seems to be developing the A pattern on rebound. The M-A combination pattern is bearish and will imply a greater fall if it forms properly. So I drew a downtrend line and this is where we are at guys. We need to break this line and it will be nice if we can breach over the former double top formations convincingly. This will probably mean we need to break 200MA. Will we? Notice the increasing volume on the way up. This is interesting and I’ll say this for a few reasons. Compared to the DJIA, its rebound has been with light volume. Secondly, financials are NOT going the same way as the DJIA. One example is UBS. It looks nothing like the DJIA. It has had a bottom, rallied quite well, gone flat for an extended period of time and even though DJIA has been going up, it has been falling, creating a double bottom. This is an abnormality that the US market has to look at carefully. It implies the whole rally could implode within itself shortly. In contrast, the stocks here on the STI look better. Notice the nice golden crossover between the 50MA and 100MA, incidentally when a buy signal for the STI was triggered. DBS and UOB has similar charts and show strength in their upclimb. I am bullish over the STI however I am concerned, if US begins to drop very badly, I really don’t think we can handle it and proceed upwards. HSI has began its rebound somewhat but has multiple resistance ahead. Clearing it = bull. Hitting and then falling back, not so good.  So what am I gonna look for now? I am gonna look at how the US behaves and wonder why is UBS (it is a swiss bank, has the issues traveled from the US to europe already? Will it continue spreading? Are insiders dumping slowly? Do they know something that we don’t?) falling like it has. A break below that double low is gonna be quite worrisome.

One of the stocks I went into on Friday was capitaland. I bought due to its holding above MA support, extremely oversold position (hence greater chance of a nice rebound, but NOT an indication of a rebound. Stocks can remain oversold and overbought for a very long time and it does not mean the trend will reverse. You don’t wanna add a short when a stock is in oversold, nor a long when a stock is in overbought as the risk is higher). For now I will be watching if the gap resistance as sighted can be cleared.

Moving on, I noticed retail is darn bad this season. While retail may have hope yet, it doesn’t look like it can beat the last december sale. Neither is it likely to beat last year’s GSS. It is quite obvious earnings will be lower. The crux of it all now is, will it be better or worse than expectations? Everyone is looking at F1 now. If things sour considerably, will the spending be as anticipated? What will I be looking at in the near term? The olympics. After the earthquake and all, construction and related industries look set to bask in the unfortunate disaster. Millions of tents have been made (for free?) but the Beijing olympics has to go on. What will happen then? And then we will have the election in the US. I once said, they will not allow the US to do very badly prior to election. Imagine going to the voting booth when you have lost your job and the country is in recession. What does that do for the incumbent? In contrast, what happens after the election is usually where true colors show themselves. Hence the dip I am looking for in bargain hunting, with my very little experience, is for it to happen after election. Next year perhaps? I will also be looking at oil to have dipped by then. Breaking 120, and 115 to settle at 100 perhaps. The goondu who bought up oil at 100 when it was trading at 99 last year probably made history. Perhaps he unleashed the wrath from a pandora’s box. I am not looking at oil to settle below 100 that easily.

Airlines.. while I own perhaps, the airline with the best balance sheet in the world (together with Cathay pacific perhaps?), SIA is gonna be pushed to the limit with the ever increasing oil prices. If recession really steps in, I really wonder if companies will continue to send their execs on first class as much as it is. Already I noticed calls from my company to minimise travel. Do video conferencing. Approvals for business air  travel requires a higher level of approval. And mind you, I don’t work in a small company. It is one of the largest MNC in solutions providing. Understandably they have to reduce expenditure so that profits can be maintained, and they want that to happen else shareholders will not be very pleased indeed. While I am quite sure SIA will continue to stay strong, it is gonna be a market where the strong gets stronger and the weak gets weaker. The risks however, from infectious diseases to a falling economy isn’t worth my risk appetite. I still believe the worst is yet to come, hence financials and airlines… I need to look deeper to see how much more crap there can be. And I reckon, at least 2/3s more.

Thank you so much Wynson for the tickets to the pre-launch cum gala premiere of Sex And The City. For someone who has never seen a single television episode, it was pretty easy for a ‘newbie’ to get acquainted with the 4 main characters starring of course, Carrie. Is there sex involved? Of course there is. They don’t call it sex and the city for no reason! There were quite a couple ‘unexpected’ flashes of.. ahem.. interesting objects. But largely the whole thing had a lot to do with relationships. 4 ladies with 4 distinctively different characters. From the "I love you, but I love myself more’ to another who couldn’t tolerate the single act of infidelity the husband committed. A good mix of humour, emotion, and yes, sex, all geled wonderfully into a 2 and a half hour film. In fact I think I gotta watch it again sometime. I’ll pay $9.50 to watch it, which puts it among the tops of all time. Did it live up to the hype? Well, I think it did pretty well. I haven’t heard anyone complain big time about it thus far. So yes, go catch it!

Coming up, What Happens in Vegas, and Made of Honour perhaps. Yes I am pretty late with the titles but heck, it’s free!

Yo yo yo! Looking forward to the gala premiere of Sex And The City later on tonight. You know, I have no clue about the whole thing cause I have never watched a single episode so it will interesting to see how this goes. Also looking forward to my mom’s departure overseas tomorrow! She will be away to NZ till next Sunday. Boy is this a holiday for me and my dear. I think I will survive better, and live far longer without her roaming around like a cockroach. I may sound mean, but ask anyone who has met my mom. They’ll swear by what I say.

Gonna be quite exciting! I have this month’s movie tickets to be used so maybe it is a good time to catch harold and kumar, FINALLY!

Moving on, and this could be one of my extremely few posts that are political related. I don’t usually say a lot about it but I have been reading some stuff along the way and I felt a certain level of injustice. Is our government here doing a perfect job? No, then again no government in the world is. Are they doing a good job? Yes I do think so. Do they think they are always right and are beginning to get complacent? Yes I fear this is so. As they say, God can make no mistake. What happens when you think you’re God? Do the leaders deserve the high salary? They are paid very well. But look at LKY, GCT and now, LHL. During their tenture as prime minister, all of them aged terribly. Within a span of 10 years, you can see very notable aging. Even within each national day rally you’ll see a physical difference. The prime minister’s job is not an easy one. It is quite a big sacrifice I feel. It is the scenario where if I could translate, would say “got money but no life to spend”. Day in day out they have to worry about state affairs. Where got time for holidays, shopping at Gucci, or dinner at newton circus hawker centre? Even if they wanted to they can’t due to security requirements. So it appears the money goes down to the next generation. Do I think we have a good government? Yes I do think we’re quite okay. Any room for improvement? Definitely. My wish? It is that the government sees that they are not God still, and that they cannot always be right. Any management or government, if sunk into this ‘I am God and am always right’ kinda scenario will go down. And this is what I shudder to see in the future…

According to ST, a Singapore firm has begun billing website operators for use of their patented technology. This patent covers virtually all websites. Vuestar said it has been awarded a patent here and in other countries such as Australia, NZ and the US for the method of ‘locating Web pages by utilising visual images’. This means, if your website has any form of a visual image (be it a picture, graphic, etc) which links to another webpage/website, you run foul. So as you can see this covers literally all sites, from blogs to Google. They intend to take on Google and Microsoft as well. Situaed at The Adelphi, its MD has begun sending invoices to companies and states if websites wishes to continue using the technology it has to pay (not just those they invoiced) between $200 and millions annually.

This is interesting cause I have never heard of this patent, and if you ask me, if this is enforced it will bring the entire internet down. It could single handedly put an end to a hell lotta websites around. The company feels if they head to court, they are confident it will be in their favor. I trust they do have a patent but I believe it is not an explict one that says they own the technology for ‘for the method of ‘locating Web pages by utilising visual images’.

While it does not intend to enforce this on government and charity websites, it will begin patent claims in the US and Australia very soon.

This is interesting. Very interesting.

I was training in the gym yesterday and 2 songs back to back were played on the radio. Flo’s Low and One Republic’s Stop and Stare. It kinda brings back those days on the road  trips in Perth still, perhaps cause the car was the only place where we heard the tracks. Sometimes up to 5 times a day. Yes we did spend a lot of time in the car didn’t we? haha.. I hope to complete the video of the trip in July so let’s see how this one goes. I will begin a new training program end of may, and although my personal trainer cum training partner is leaving the gym, he’ll still return along side as my guest in the club to train together still. No more leaving the club at 10pm! I hope it is for the better indeed.

People who know me will know I truly respect few things. Unlike rach’s obssession with beemers
, very few materialistic things can interest me for long. Perhaps cause there is always something bigger, better, brighter.  No actor, actress, or singer have truly wow’ed me. Perhaps their talent has never interest me that much. I do however have a thing for professional wrestling. The different between amateur and pro wrestling, in simple terms, is that pro wrestling is entertainment. It is ‘fake’. Why do I like it so much then? Like house remixes, as the decades go on, audiences expect better stuff. The evolution of the wrestling entertainment scene has gone a long way. Smaller companies have folded and have been bought over. Today we have TNT and WWF has the 2 main core companies that are still surviving well.

What do I admire? I admire the ability of the superstars to entertain in front of a live audience. I admire that they have to travel and be away from home more than 300 days a year. I admire their training, their talkshows, and putting their bodies and career on the line. I appreciate their stamina, strength and precision in their movements for any mistake could not only mean injuries to themselves but to their ‘opponent’. Pro wrestling training is indeed mentally and physically challenging. One superstar stands out. He has been wrestling even before I was born! Born in 1949 (even older than my dad) he made his wrestling debut in 1972 and has wrestled all the way till this year where he retired (at the hands of Shawn Michaels in a match). That’s 36 years of wrestling for you. He has gone way past other superstars like Hulk Hogan and I must say, watching him wrestle against opponents who are even younger than me was quite inspirational in somewhat. Though it is all pro (and fake) wrestling, the physical conditioning and all and the ability to wrestle for so many years has earned my respect. While the legendary Ric Flair retires, the world of pro wrestling goes on. After watching biceps and quad muscles tear in the ring, broken noses with blood flowing out from a miscalculated steel chair shot and other career threatening injuries suffered in the course of their wrestling career, I gotta give it to the entire team, both the back and front end staff that keep everything going as it should. Does it impart violence? I think it does, particularly in the area where it appears that they can walk up to someone, beat the hell out of him and get away with it all without legal consequence.  I believe this is an area that the management needs to address. Survey shows that the violence invokes a lot of negative influences in audiences which cannot differentiate what’s real and what’s not.

That being said, you gotta be something to last 36 years in the ring. I have not seen another sport where a competitor stays that long actively. No doubt pro wrestling is ‘fake’, thus far only Ric Flair has been able to do it. Many have been retired pre-maturely while the rest quit the industry due to its away-from-home nature. Some others unfortunately, dropped dead along the way too. The most recent being Eddie Gurrerro found dead in his hotel room in 2005.

Good on you Ric! We’ll all miss you!

The markets went through another round of back-last over the past couple days with the Dow closing on yet another red day, which was worse than I expected cause it is the memorial long weekend so the US markets will be closed on Monday. Over the past few weeks I warned of a bearish divergence on the STI as well as the double top noted on the DJIA. This is exactly what I am referring to. I respect the FA folks and all and they’re great during bull runs but during bear runs it means nothing for market sentiment does not follow fundamentals. It is as simple as that. An undervalued stock can remain so for a long long time. I rather put my money elsewhere where I see upside, and then when it is all done, come back and pick up all the undervalued stocks again which most likely haven’t moved a lot at all. This is how the market does. People wanna see growth, not just an undervalued counter. Without growth there is no interest. With no interest there is no volume. With no volume no one even knows the stocks exist. Literally. But there is a chance you can be caught off guard when they release exceptional news. So do you get rid of all your FA stocks? Of course not. FA stocks are long term holdings where you’ll have holding power and these companies are fundamentally sound and have great earning potential. What I am saying is one should readjust the portfolio allocation to suit market conditions. This gives you the chance to buy more on dips. If 50% of your holdings are all in FA, how much more can you allocate for growth and more ’speculative’ plays riding on rebounds or downsides as well as buying on dips? I would hold 50% during a bull market but not during a bear market. This is NOT a bull market now folks. TA has been proven time and time again to be ahead of news. So let’s see, on the DJIA what were the triggering points for the sell off? The fed meeting minutes. Sent shivers all over the market and spelt the beginning of the melt-down.  Weak housing numbers. Spikes in oil prices (even though it appears to be toppish).  I will talk more on the STI later on.

So here on the DJIA you’ll see a double top, defined by the M formation. Notice how many supports it has cracked in the past 3 days alone. Fierce, and powerful. Oversold? I feel so. One could expect some sort of a tech rebound, or some flat movements for consolidation. Indicators (CMF) also shows it is now in extreme oversold region which gives impetus to a tech rebound and some consolidation. More downside to come? I do think so, based on technicals. If one uses the M formation, the height of the M is 400 points plus minus. Assuming it broke at 12600 region, this gives an eventual price target of 12200 region.  This zone is defined by the fibonacci retracement level at 61.8%. One could also see an ascending triangle of sorts which was broken on May 21st. This uptrend line will now become a resistive line. The US markets will be closed on Monday so it will be interesting to see how oil behaves. Bond yields have fallen sharply over the past couple days suggesting people have moved money back into bonds. The overall light volume still, suggests most retail investors are staying at the side, though some are still in there, carrying offloads by the institutional funds. When this whole thing blows over, I would be expecting a nice rally back but that is in time to come so we have to look at things from time to time as chart patterns change according to market sentiment. Remember, price targets do not imply it will definitely reach for sure, but it gives an idea of where we are, how bad/good it can get while looking at trends, indicators and all. Price, pattern and time!

Onto the STI. Almost the same M pattern with a double top. If one takes the height of the M, that’s about 118.  This gives the target downside level to be around 3030. This is the last line of defense folks. Notice we have cracked 23.6% which is at 3150. The estimate of 3030 is around 50%. A bounce off from here would still be pretty bullish. This is why I say, if it does crack this level then it is bad. Anything that cracks 50% is bad. DJIA’s estimate is below 50% which is why it will be interesting to see how this goes. Any bottom above my estimates would be a plus point. Anything below, will be bad bad bad. Do recall that STI seems to follow HSI quite a bit, which is in turn influenced by SSE.  Yesterday morning I noticed how weird the volume of many counters were. IndoAgri had terrible volume. As with YZJ too. Markets then went dead, before it began to drop after lunch. It was pure madness. Cosco was killed all the way down! My watchlist saw all arrows turn red which suggests some sort of a panic selling which was broadbased. What was the news? It appears to be the high inflation figures released for april. Was it at 7.5%? This sent jitters everywhere and you see people dumping. On ferrochina I spotted funds dumping 1 mil shares at 1.6. That line has cracked so unfortunately now stocks are seeing support turn resistance. I am not about to declare a change in reversal yet, for that requires a lower low and a lower high to be confirmed, along with other things such as supports all being broken and on a tech rebound, resistance all fail to clear. This is the kind of situation where we do not want to go long till indicators suggests a reversal is impending.

Over at the HSI, note the mid term rising wedge formation. Rising wedges are bearish in nature but I don’t really focus on them much as they are not very accurate in targets but they do give a rough idea of the performance. Basically, most people see lots of green days on a good run up. But when you look at the overall picture, that is where you see things may not be as good as it looks to be. So the technically smart ones will begin taking profit to be on the sure side. Even if the bearish signs fail, profits which are locked in is NEVER wrong, and new positions can be opened again when the opportunity arises.  The first support to break was 25500 and the index has come tumbling thus far. Eventual support tipped at 23800 perhaps? Gotta see the technicals at that point as we go along. Sidenote: I sold off my HSBC despite making forex losses as the Sing dollar strengthened against the HKD since last year. I foresee the dollar strengthening further? So i bit the bullet and sold it off, although with dividends I would have more or less equalised. I will be looking at buying this back sometime in future. I haven’t done an FA on this VS citigroup yet though. Sidenote again on financials, what a drop UOB had on Friday! Almost a dollar! Geez.

On my way to work (pretty late though) on the bus, there was this huge group of boys boarding from the ACS barker bus stop. It seems it is the last day of school for them before the May holidays begin? And they were let off pretty early too. I can’t remember those days in the past where I got my report card. Most of the time I rather not remember at all hahaha… the only one I do remember is that very day when I sat for my last O level paper. Got home, with my bag and uniform still on, I lied on the bed and just pondered. Pondered pondered pondered. Pondered on how one huge phase of my life is now over. 10 years of education. What’s next once I change out of my uniform?

These days, learning is a continued thing. If you think about it, though we workers don’t sit for exams the way the school kids do, everyday is an exam. Life has it that change is constant. There is always change. Everyday we go to work, we get asssessed, and gain a higher level for the next day’s task. Graduation = promotion. If we did the same old thing, day in day out, and stop growing and learning, then while everything else changes, our growth stops. ie, everyone moves ahead, but you are left behind. Not the most comforting thought. 10 years down the road, you wonder why your salary has only doubled since your debut in the corportate world but your peers have tripled, or gone many times ahead. Then you realise, perhaps the issue is not with how policies are. It isn’t too much about age. It has a lot to do with you, as an individual,who is left behind as you failed to keep up with growth. I don’t see 50 year olds have any issue with employment across the board. Of course I am not comparing CEOs and low skilled workers. But rather, the mid class. It is a very competitive class. However you look at it, if you are not rich, nor poor, then you are in the middle. And u fight with everyone in that group in a rat race. If you don’t have anything that people can leverage on, of course you will find it hard to find employment. Things move so fast. Legacy knowledge is only as good till the day you no longer become sustainable to keep.

We don’t wanna be poor. But many of us can’t be rich either. It has a lot to do with career perhaps. Not everyone can be a top banker, or doctor. At the end of the day, you shouldn’t remain where you are and stay within the rat wheel. I personally don’t mind slogging for a while, build a nice base where you can make money work harder. Money makes money. What’s the secret formula? The very first thing one has to do is to manage one’s finances well. Why? Even if you earn a big salary, but you don’t manage it well, your net savings could ultimately be the same as one who earns a tenth of your salary. Don’t believe me? Look around you. CEOs and all those in that class don’t just earn a big salary. They make money work. You put the 30k monthly salary into the bank, it just depreciates due to inflation.

My goal is to reach the stage where I have passive income flowing in that covers my loans and liabilities in excess. Financial freedom is it. Knowing you are not bounded by your job cause you have bills to pay is a good feeling indeed. And passive income is very important especially for AJs who ultimately may not have anyone to depend on, other than themselves. Which is why, even when I am in infocomm by profession, I am expanding my financial and money making skills. I reckon I am already late. Many are already ahead of me. But it is okay. I do not need to catch up with them. That is the difference. This is NOT a rat race. Whoever is ahead of me, I do not need to catch up and beat. Ultimately everyone will reach the finish line. The losers are the ones who drop out along the way. They stop. Lag behind. They become financially dependent on someone. Do I wanna depend on someone? Hell no. I hate that feeling.

Thus that’s how I stay within the rat race, yet run another race parallel. A race that has no first,second, third prize. It is a race for survival. Where winners are all who crosses the fnish line successfully.

Yes it is and this is not the first time this year. Sweltering heat I tell you. I am perpetually drenched outdoors while it is shivering cold indoors. No wonder people get sick. People are sneezing all over. My poor baby is sick with high fever too. aiyo. The met service says more heat to come. In fact few days back it hit 34.1, and we’re looking at 35 soon. SW winds could blow the haze within a couple weeks too so for all those returning from abroad especially if it is cold and all, good luck!!!!

Adding onto my previous post, some asked for examples of what I did. I gotta say I am no expert, and even if I am I am not at liberty to share the techniques. There are lots of resources around on search engines hacking, eg yahoo hacking, google hacking. When you know how to use parameters to do searches, you can dig out a lot of things. In the course of our work we can dig out vulnerable websites which did not protect their password files properly. Using simple parameters like ‘intitle’ searches can reveal passwords (some are even porn websites), credit card numbers, date of birth of people, basically you can search anything. Which is why I say, even if you lock up your post, but your blog provider is weak in password protection, people can still gain entry and you can still get into trouble if people publish what you wrote inside, whether it is locked or not.

I do admit I have yet to test my own blog and website to see how vulnerable it is and if there are exploits I can run on it. Have been busy and been putting things off but I will get onto it one of these days.

In short, when you are online and start leaving a digital trail, I can find out a lot of things. When I know 1 information, it will lead me to another. With 2, it leads me to 4, and so on and so forth till I get a whole lotta information about a person. That’s enumeration for you, the first phase of a targeted attack where we seek to discover more about the target in order to find exploits. When you know the weak points, then you know where and when and how to attack.  Caveat Emptor folks!

And so the above title is about the blogger who was arrested for posting racist content. You may like to ask, what on earth did he write that got him arrested in his home? Here’s the article in the news:

Blogger arrested for posting racist online content
A LOCAL blogger who ranted about a commuter’s behaviour on an MRT train was arrested on Tuesday night.
Police said the 24-year-old Chinese man was taken from his home at Paya Lebar Way at about 9.45 pm for ‘posting contents in his blog which may wound the racial feelings of another person’.

He has removed the post and password-protected his blog, which was featured on blog aggregator Tomorrow.sg, and linked to several popular online forums.

I am not going to comment about what he wrote as it is pretty obvious. I am gonna do this entry as an Information Security professional.  No it wasn’t a recent post. It was posted in March. March 18th to be precise. How do I know? I have it on the other window right now. Can you still see the post online? Yes, but not through conventional ways. So here I go, using some digging skills again. Here’s what we found out:

- He’s AJ.

- His trevvy profile was made known

- The contents of what he wrote was also made known

- His blog? It has something to do with Prince too

- His friendster is linked to me through quite a few people

- The name F____O L___S is related to him

And much more information. How did I get all these? It has a lot to do with digital shadows. I illustrated this quite a few posts back and this is another prime example. If you search hard enough, you will get the info I got. You will get to see the comments he wrote on cache (not by clicking cache on google). Or you could just visit some forums and you get it all there too has the brilliant folks have dug up the information and splashed it all over the internet. You know his name, you know he is a bottom, and you know where to find him even. Scary? Indeed. When you leave trails behind like that, it is not hard to dig up information about you. Information that would scare even yourself. So what do we do? Note that everything you blog can be viewed online. Even if you password protect your page, they are ways to dig up the content too if one tries hard enough. In the industry where I work in, we do a lot of analytical work. Research, digging, forming scenarios, conclusions, remediation. Pretty much like a PI, but there are many people out there who do a far better job than I do. While it takes minutes for me to look through all that, it could take a far shorter time for someone to pull out the same info. What is the problem with a digital shadow? You can’t get rid of your shadow, can you? You don’t know it is there, but it is. Once there is a digital shadow online it is pretty hard to clean it all up.  People ask me why I have a friendster account and not a facebook account. My reply? If I wanted to, I can create one. Do some coding. Get people to visit my page, which I am sure a lot will on these interactive sites where one links to another. The moment you visit, I will be able to run some commands on your comp automatically. I could install something, or execute something. If you are running on a machine with admin privileges (which many home users are) then I can literally do anything. Install a password sniffer on your comp that reports to me whatever you type. Don’t believe? Go dig up online and you’ll see what people can do on such social sites. I can’t really code all that on friendster I reckon due to the controls and restrictions they have. While facebook gives the user much freedom, it can come at a price when someone with malicious intent gets out there. Nonetheless, it is a great website. I just don’t like the scene there.

Remember, be responsible with whatever you blog about. I wanted to quote a few lines from the above named blogger but decided not to help ‘distribute’. In any case, it is splashed all over the internet and it is p retty easy to find.

So based on his last para which he wrote (and I edited with blanks), he is very wrong on his assumptions. While I understand his frustration, it is no excuse. He could pay a high price for it, and through doing this blog entry of mine I do hope everyone else learns from it.

“….. Even if you are a *beep* and am reading this… good for you..coz this is my personal blog and i can say what i deem fit…. if u wana defend yourself…. i suggest you arm youself with education and a motor mouth to compete against me.. else dont bother… coz i will bet my life on the line that, should you challenge me in a conversation… you will lose like what a true *beep* would…. LIKE FUCK !!!GET LOST!!”

PS: There were more incriminating posts above these but it is not relevant to my blog post. What’s said is said. It cannot be undone once someone has read it.

Hi all,

As requested, here’s a short analysis on the above mentioned stocks.

Cosco broke out of the symmetric triangle as seen from the chart. Great! It is now resisted by 3.69 as seen from the chart which is the previous high and the support turn resistance from a while back. Today it tested that line and pulled back to form a doji. Eek! However indicators appear bullish, with a MACD center crossover. The height of the symmetric triangle is 80c. Assuming the breakout point is 3.41, this gives a price target of $4.21 which is pretty conservative but price targets from symmetric triangles are prone to be inaccurate. A final price target could be in the region of 4.5 if all goes well.  Supports are now on the upper trend line, and 3.35.

DJIA still has a bearish divergence (price go up but indicators all point down) suggesting reversal could be coming. Fibonacci retracement shows it has been range bound at 23.6% which is hardly significant. Immediate supports are 25MA which is 12850 region, 12533 region and 12380 representing 50% retracement. Any break below this is extremely bearish. Will be looking for signals to long or short should it reach there. MACD histograms are green but if it closes much lower today, it could turn red. One could draw a long term trend line to  show that we have a LOT of space to head down before breaking the bullish uptrend line. Based on what I see over the past couple weeks, the index has been in distribution mode after noting upsides have extremely low volume while sell offs intraday come with heavy volume.

IndoAgri broke 25MA resistance by opening higher. However it is resisted at 2.52 forming an ugly candle. However should oil prices keep going higher, this one could be the next play perhaps?

I have no updated data on SSE and HSI but both appear to perform rather terribly with lousy sentiment after the Sichuan Quake perhaps. I will examine the chart when I have the updated data.

SembMar has interesting indicators. It needs some confirmation after the shooting star lookalike candlestick today. I am inclined to feel should oil prices come down this one could come down too, along with counters like IndoAgri. Point to note, despite higher oil prices, counters like SPC dropped. The market doesn’t seem to know where to go at this point, with bulls and bears creating a scene of confusion.

The STI is barely surviving 25MA. Bearish divergence is still seen. Supports for downside are the uptrend line support, 3180, 3150 MA support and 3100 MA support. Tanking below this is understandably bearish. Could this be a normal retracement or is this the beginning of the fast n furious wave 3 plunge? I am still hopeful for a finish push towards the all important 200MA but I am not hopeful at this point as 3250 failed to be cleared. Expect some volatility in the markets while it struggles to find direction. Wall Street VS Market. One is bullish, one is bearish. Which one will prove right? Regardless of it all, it might be a good idea to wait out and see which one wins this battle for now.