Life For Rent

Back from a trip to BKK and what a trip it was. Bags. Shoes. Chewing gum. Dried Mangos. Dried pork floss (that looks like crap, which is how it was described as by people who want us to bring some back), cufflinks, t-shirts, tie, shirts (zara) and the works. Basically we left with a combined luggage weight (handcarry only) of around 6kg but came back with a combined estimated 25kg? (including a new 22kg check in luggage).  That did not include cologne, brandy and the brand new Absolute Mango that we bought from the airport. For the uninitiated, Absolute has a new flavor and we tried it with cranberry juice. It was pretty good! Awesome in fact. If I have to drink vodka from absolute, this is it. Retails for $27 (duty free price). Anyone who loves mango, or vodka should try it. Heck, try it anyway. The mix with the cranberry juice is real nice but I think we’ll need to find out what brand of cranberry juice they use cause it doesn’t look nor taste like the usual one. In fact it tastes like guava juice. Even the color is the same. I wonder if the promoter lied….

More on the trip and a FR (field report) later.

For now, I have been asked on the budget flights I have been on. My first one was with Tiger, flying to Perth (am I adventurous or what?) and the second was on the recent trip to BKK on Air Asia. Here’s some points to note:

Tiger airways departs from budget terminal (Changi) but Air Asia departs from T1. Expect to pay slightly more on taxes on Air Asia naturally.

Tiger provides seat selection (ata cost) but Air Asia is free seating. You can however, pay (small charge) for priority queueing so that you board the plane first. I can only say, it doesn’t make a lot of difference at all, but it is just $1 extra. A remote bay is used at the BKK airport, which means you gotta board the bus and be taken to and fro the terminal. Naturally, whoever’s nearer to the exit of the bus gets to board first. That is, after those who paid for priority queue get on board first.

Tiger has planes of the same type. All are A320s which are pretty new. Air Asia has A320s (which has this lovely mist coming from the aircon ducts, and did we smell lavender in the air too? Anyone noticed similar stuff?) but they do have old B737s too which does not have hot meals in their menu. We must be cursed cause for the second year running (we took TG last year) we departed from BKK back to SIN on old planes.

Menu wise, Tiger has this nice instant noodles that I like. The korean noodles I think? Air Asia’s menu seems more appetitising however but we never got to try. Price wise, Air Asia seems cheaper. Maybe cause they charged in Thai Baht.

Tiger has the usual hard seats but Air Asia actually has cushy seats, even on the old planes! That was quite impressive. It was quite comfortable so to speak.

The crew on Tiger gives terrible announcements. Their service standards pale beside many of the F&B outlets I have been to. Their uniform is comfortable but it looks horrendous and informal. Too informal. Air Asia has proper crew uniform (it makes a lot of difference in terms of branding to me, budget or otherwise as budget should not imply sloppy) and their announcements were pretty good. Plus point was they had a crew from China so she could do announcements in mandarin too. The crew leader was also properly identified (so you know who is in charge in case you need something) and she could speak at least 3 languages, english, mandarin and thai. I have always thought Air Asia was Malaysia based but it seems they have a Thai office too that caters to domestic flights? The cockpit and cabin crew on BKK sectors are mostly Thais.

Overall experience, Air Asia would beat Tiger, though the latter is usually a tad cheaper in overall fares. This could be due to the lower airport taxes from departing from the Budget Terminal too.

The true budget traveler who doesn’t buy anything on board and every cent and dime counts will benefit from Tiger Airways’ fares. Be sure to book early though! Last minute bookings are usually expensive especially to popular destinations during holiday seasons (including long weekends). If you are a last minute traveler I suggest you check out the full commercial airlines for their rates and departure/arrival times. On many occasions you could get a good deal for just a little more. So do your homework. Why did I take Air Asia? They were the only ones who could fly me back on Vesak Day itself. Tiger Airways and other full commercial airlines were full till Wed. Plus, Air Asia could fly us out of SIN on friday night right after work, so that was a plus too.

I will probably do a FR on the places we visited at BKK later.

Next up? HKG? Or Taiwan perhaps? 

Azio remains silent; he looks at Cassany then Ted. Ted nods quietly.

Azio mumbles “Elgene has a liking for me? Why didn’t he say so?”

Ted says gently “He is just as shy as me. I didn’t have the courage to say I love you to Wayne till he said that to me. Cassany is right, you know. If Elgene has no feelings for you, he wouldn’t be doing so much for you and stood by you all these while.”

Cassany joins in “A woman’s intuition is never wrong. You can still catch him if you rush after him now.”

Azio stands there, not moving, still looking at Cassany and Ted with his mouth open.

“Wayne got me one son and he is Ted. I would love to have Elgene as my son too, if what they said is correct.” Helen says after appearing from the kitchen.

Ju-no grabs the keys from the table and pass it to Azio, he says excitedly “Uncle Azio, quick go! I like Uncle Elgene too!”

Azio lets out a laugh, he takes the key from Ju-no and says “Thanks.”

Driving out of the car park and onto the road, Azio sees an ambulance driving away and 2 overturned vehicles.

Azio stops his bike by the side, and gets off. He walks towards the accident area.

Lying on the side of the road, Azio chances upon a familiar object. He thinks to himself “Isn’t that the same bag that Elgene carried earlier?”

Joining the watching crowd, he overhears “The collision was so bad. The young chap just got into the cab and then the lorry just sped towards them and the mini-van.”

Azio feels sweat rolling down his spine; he interrupts “Did you say a young guy? How does he look like?”

The stranger replies “There were a few casualties. One of the young chap is badly hurt. He is quite muscular.”

Azio immediately runs towards his bike and rushes after the ambulance.

When Azio reaches the hospital, he frantically asks around for the information counter.

After getting information from the counter, Azio is searching for the ward when he bumps into Flack.

“Hey, watch it.” Flack complains.

When their eyes meet, there is a moment of awkwardness and embarrassment, Azio apologies “Sorry.”

Flack loses his temper, he scolds “Azio! You have to stop harassing me! I am going to call the security guards if you continue doing this.”

Azio looks at Flack flabbergasted, he retorts “Flack, I am so over you long time ago. Don’t over-estimate yourself.”

At that moment, Elgene steps out of the consultation room with his bandaged hands, he sees Azio and Flack at the corridor.

Elgene shakes his head, muttering to himself “He still can’t get over that doctor evil. I am so silly to even harbor thoughts that he might have some feelings for me.”

Elgene turns and walks the other way when he hears someone shouts out to him. “Is that you, Elgene?”

Elgene turns back and sees Azio running towards him. Azio hugs Elgene tightly and in full view of the people along the corridor.

Azio gushes “I am so glad you are ok.”

Elgene is surprised at Azio’s reaction; he blushes “We are in the public, Azio.”

Azio couldn’t care less; he says “I thought you were the one who was badly hurt in the accident! What happened? Are you going to be hospitalised?”

Elgene says softly “You are getting too excited. I wasn’t the one who was badly hurt. I had some bruises, that’s all. Did you just say you came here to look for me?”

Azio nods, he tries to hold Elgene’s hands but Elgene brushes them aside. Azio says softly “I was such a block head and totally overlooked the fact that you have always been there for me.”

“I thought I should catch hold of my happiness and not lose you for good.” Azio continues.

Elgene gives a distrusting look, he asks “I saw you talking to Flack, I don’t think you are over him.”

Azio puts up his hand and swears “I am so over him! I told him that too!”

Elgene presses “If not for Cassany, would you yourself have realized my existence?”

Azio nods furiously, he exclaims “I was really silly in the past, I don’t want to let you slip by once again.”

Looking at the silent Elgene, getting nervous, Azio stands up on the chair and declares “My feelings for you are for real. Give me a chance!”

That declaration creates another round of attention; Elgene drags Azio off the chair and pleads “Don’t create a scene here! We are at the hospital.”

Azio presses on “Give me a chance, ok?”

Elgene replies “Let’s get out of here now.”

Getting on Azio’s bike, Azio reaches for Elgene’s hands and places them on his waist, Elgene immediately takes them back.

Azio refuses to give up, he reaches for Elgene’s hands again and places them on his waist, and he demands “Leave them on my waist, so that I can feel safe.”

Elgene loosens his grip but Azio tightens them, he says gently “Please.”

Driving off and wearing a large grin, Elgene holds on to Azio’s waist throughout the journey.

Got a request to look at a couple stocks. First of all, sunshine. Sunshine has been sold down very badly, but for now it has shown 2 days of early MACD buy indications. No firm buy signal yet. However if the stock can close above 17c, it will not only go past quite a few previous resistance, but it will clear TWO MA resistance, 25MA and 50MA. This will be bullish and will definitely trigger a buy signal, with 17c as a new support. Will it happen tomorrow? We shall see. Is there news to justify it?

China New Town has also been beaten down badly. It closed higher today although the candlestick offers no real significance, other than it looking like a bullish hammer. It opened higher than yesterday’s close, the bears tried to take it lower, but the bulls took over the closed the stock at its intraday high. With these 2 facts, a buy signal on MACD is created. However, the MACD line is in negative territory which makes any buy signal weaker than if it was in the positive region. Look for the first resistance at 24c if there is upside.

UOL opened at 25MA support, and close above 100MA. This is bullish and has confirmed a buy signal. Best to buy at 3.89. Point to note is, UOL has tested 100MA resistance quite a few times but failed to break it. Is there news to justify it?

And now back to the charts. SIA had some bearish divergence previously that suggests the upside cannot be sustained. This is within the first box. Second suggests a flat accumulation line as the price decline, which gave it a slight chance of a rebound. It did and this appears to be valid. Buy signal triggered on 13th May, but watch out for interim resistances. And oil prices! Vested cautiously, with a long position.

Cosco broke out today out of the symmetric triangle. It was looking to fail but it did breakout, with a pretty powerful and valid one. Buy signal is naturally created. Watch for resistance immediately at 3.55 and 3.76. Support is now on the trendline at around 3.41 but it can also be at MA support 3.33. This represents a possible 18c downside. Vested with long position with a personal support at 3.38. A break of 3.76 could see a target of around 4.08 but one has to look at this as the days go by. Vested with long position.

Ahhh ferrochina my baby. Broke out of the flag formation. This is good. But it is not out of danger yet. Simply because it has not closed above the top of the flag. This is at around 1.73-1.75. If it does, it will trigger a buy signal especially if accompanied with strong vol. Only screening buy indications appeared, no actual buy signal triggered yet. Vested, with long position. A valid breakout could see an upside of up to 38c, based on height of flag pole. This puts the TP to be just above $2.

NOL has done very well of late. But it failed to conquer resistance at 3.93. The result is a shooting star candlestick today. It is a white candle though as it closed higher so I will be looking at this price tomorrow. Ideally, if it opens below today’s closing, and shoots higher to test today’s high but fails to clear, a short position right there is good. No sell signal yet. But if it closes below tomorrow then it may be triggered. So if u short, u r shorting before a sell signal appears. There are risks. But a shooting star is one of the most powerful bearish reversal candlesticks known. Does the latest run up have strength? Yes, and it is valid. It is just that the bulls are now tired and profit taking set in along with the bears. Not vested, but may place a short position. My price target for any downside is 3.6 which happens to be 38.2% fibonacci retracement, and support noted from the chart. I will expect this to hold. If it doesn’t, I expect 3.5 to hold. If it doesn’t, then….

SembMar has clearly gotten tired. A hanging man appeared, and bearish signs are confirmed today with a black ugly candle. Cracking 200MA will definitely be bearish. Sell signals have appeared and I have placed a short position. 2 price targets indicated below. Cut loss will be for the counter to close above 4.26. This is a 7c loss for me if I cut. But a potential 40c downside for me to capitalize if all goes well. Risk reward ratio is good. My personal opinion.

That’s all for me. I will be going on a short trip to Bangkok tomorrow night. Need a break man! I would like to point out that oil prices still show it has reached a top. The volume on DJIA and the failure to break 200MA is bearish overall. The likely scenario in my opinion is the institutes are bringing up the prices to distribute. It was very clear yesterday. Rally with VERY light volume. A reversal candlestick occurred intraday and you saw the kind of sell off it led to. Obvious offloading to retail investors. Don’t get caught. The STI does take cue from DJIA but its performance is highly co-related to HSI. HSI has gone up and down 200MA like no one’s business. Today it closed in the red but was supported by 200MA. Intraday it was supported by 25MA. The chart is interesting, because its direction from here will give a good indication of things to come. Do take note that I sorta spot a long term rising wedge formation. A rising wedge is bearish. But this wedge may fail. More on that next time.Gotta go pack bags and go to bed. Tired out! Take care folks!

Elgene helps Azio with all the schoolwork that he has been missing on and it has also become a daily routine for Elgene to remind Azio of his lesson schedules.

Both Elgene and Azio form their own study group for the impending examinations.

Stepping out of the examination hall after their last paper, Azio runs after Elgene who leaves slightly earlier.

Azio shouts after Elgene “Hey Elgene, wait up! Why are you in such a hurry? Meeting your secret admirer?”

Elgene slows down and turns back impatiently, he says under his breath “I am so sick of your silly jokes.”

Azio gives him a pat, he smiles “But you still love my jokes anyway. Mum asks you to come over for dinner tonight, to celebrate moving on to our last semester.”

Elgene wants to reject and is about to say so when Azio interrupts “You don’t have a choice anyway. Let’s go back to our room to freshen up before going over my place.”

Azio opens the door with Elgene behind him and see Ted piggybacking Ju-no and carrying Wy-en at the same time.

Seeing them, Ted smiles “Welcome home. Mum is in the kitchen with Cassany, preparing dinner.”

Azio walks over to Ted and gives him a bear hug, he says “It’s nice to see you, Ted.”

Elgene is surprised to see the tender side of Azio and can’t help but feel that Azio has suddenly grown up.

They have so much fun over dinner, laughing and joking with each other. Ted has also become more relaxed and he joins in the jokes too.

Halfway through the dinner, Cassany asks suddenly “So, tell us Azio, have you finally gotten Elgene’s hands?”

Elgene drops his chopsticks and Azio chokes on his rice, both of them look at Cassany unbelievably.

Helen chides “Cassany! Why are you making fun of our guest? Don’t you scare Elgene like this!”

Cassany continues “You know, Azio. Elgene is really a nice guy, it is your lost if you lets him slips off your hands.”

Azio swallows hard and says “This joke is getting too far, Cassany.”

Cassany shrugs “You are such a block head! I will take Elgene if you are not going to buck up.”

Azio argues “Even if Elgene is not gay, he will not fall for you. You are too old for him lar!”

Upon hearing that, Elgene’s face turns red.

Sensing the awkwardness, Helen demands “Stop it now!”

The dinner continues in awkward silence after that and Elgene can’t wait for it to end.

After finishing their desserts, Elgene gets up and says to Helen “Auntie, thanks for the dinner. I think it’s time for me to leave, I have some errands to run.”

Helen smiles “My pleasure. I hope you enjoyed the dinner. Let Azio drives you back since you are in a hurry.”

“No, it’s ok. I can hail a cab. Thanks auntie.” Elgene declines.

Azio gets up and says “He is a big boy, mum. He can take care of himself. Come, Ju-no, let’s go play PS2.”

After Elgene leaves, Cassany goes up to Azio and takes away his console. She scolds “How insensitive can you get?”

Azio looks puzzled and asks “What have I done wrong?”

Cassany lets out a loud sigh; she says “If Elgene doesn’t have any liking for you, why would he be doing so many things for you? If he is not gay, why doesn’t he stand up and deny it?”

Elgene insists that Azio follows him back to the hostel after dinner so that he will not be missing anymore lessons. Azio agrees after much hesitation.

Ted walks them to the carpark, when they reach Azio’s bike, Ted says “Elgene, thank you so much for standing by Azio. He is a lucky chap.”

Elgene’s eyes widen and he mutters “There is nothing between us. I am just helping a friend.”

Azio also chips in “Ted, don’t embarrass Elgene. He is very shy and I don’t think he is gay.”

Ted surrenders “I give up.”

Azio helps Elgene to fasten his helmet but Elgene brushes him off “I can do it myself. I don’t need your help.”

Azio shrugs “Whatever. Homophobia.”

Azio’s fast driving causes Elgene to fidget nervously and Azio can’t help but to complain “Hey, don’t get fidgeting. You will cause the bike to lose balance.”

Elgene couldn’t really hear what Azio said, he almost slips when Azio makes a sharp turn. Elgene grabs onto Azio’s waist immediately.

Azio is taken aback when he feels Elgene holds onto his waist, he smiles and shouts against the strong wind “Yes, hold onto me tighter!”

Elgene loses his grab and hits on Azio’s helmet which catches Azio unaware and almost skids.

Azio stops the bike by the quiet stretch of the road; he scolds “Don’t do that again! It is very dangerous if I lost control of the bike. I will leave you here if you dare to argue back.”

When they finally reach the hostel, Elgene gets off the bike fast and storms towards their room.

Azio follows behind closely and he is almost hit by the swinging door when Elgene slams the door behind him.

“Hey! What’s that for?” demands Azio.

Elgene turns back and snaps “I didn’t know you are behind me. Blame yourself and not others.”

Azio shrugs “Are you unhappy because I scolded you earlier? It was really dangerous what. Anyway, I won’t leave you on the streets lor.”

Elgene takes off his shirt forcefully, revealing his taut body. He grabs the towel on the chair and walks past Azio.

“You are bathing? Wait for me!” Azio jokes.

Elgene slams the door hard behind him.

Azio is sleeping soundly when Elgene slaps him hard on the face.

“Ouch!” yells Azio.

Elgene looks at him coldly and says “You are going to be late for your morning class.”

Azio sits up, rubbing his eyes, he complains “You don’t have to slap so hard. It hurts!”

Elgene ignores his complaint and walks towards the door, causing Azio to reach for the pair of boxers near him anxiously.

He mumbles “Don’t you know I have the habit of sleeping in the buff? Wait till at least I put on some clothes before you open the door.”

Elgene ignores Azio throughout the day when they bump into each other in the campus a few times.

Elgene strolls back to the room at the end of the day; it has been a long day, sitting through lessons after lessons.

When he opens the door, Azio appears in front of him with a box of chocolates. Elgene asks with a shocked look “What is that for?”

Azio smiles sheepishly “My way of apology. Accept it if you are man enough.”

Elgene lets out a sigh, takes the box of chocolates and says “You are really getting on my nerves.”

A week has passed after Wayne was cremated, but Azio has not shown up for class. Elgene starts to wonder when he receives a call from Ju-no.

“Kor-kor Elgene, Ju-no here. Mummy asked you if you can join us for dinner this weekend.” Elgene agrees.

Elgene fidgets uneasily when he presses the door-bell; he heaves a sigh of relief when Wy-en answers the door. Elgene carries Wy-en up when he steps into the house.

Cassany walks out of the kitchen to greet Elgene “Thanks for coming over for dinner, Elgene.”

Elgene smiles and asks “Where is Ted? How is he?”

Cassany replies “He is on his way. He has been busy clearing his work after the funeral. Azio is in his room, he has not stepped out from the room after the funeral. Please help us to cheer him up.”

Elgene nods and walks towards Azio’s room, he knocks on his door cautiously. He knocks again when there is no answer.

Azio opens his door slowly and Elgene is surprised to see Azio losing so much weight and looks so haggard.

Elgene asks “What’s wrong with you? You should be taking care of your family and not cause them worry!”

Azio mumbles “Spare me the preaching.”

Elgene follows Azio into his room; he says “Azio, you can’t go on like this! You have been missing classes and your family is worried about you!”

Azio slurs “I was such an idiot to have been so immersed with that devil! I have been such a disgrace!”

Elgene places his hands on Azio’s shoulders “Azio, it is no big deal. You pick yourself up from here and be brave. Your family needs you to take care of them and not the other way round.”

Azio looks at Elgene and whispers “Thank you for being here whenever I need you.”

Elgene feels his face blushing and he looks away “That is what friends are for. To help each other, but right now, you have to buck up and get back on your feet.”

Ted opens the door and Ju-no runs to him, Ted kisses Ju-no and piggy backs him to the kitchen.

Cassany and Helen are busying laying the table when they see Ted, Ted too has lost a lot of weight, his once manly rugged face has now shrunk sharply and his trimmed stubbles have grown substantially.

Helen’s heart aches when she sees Ted in this state, she touches Ted’s face and asks concernedly “Have you been eating well? Have you taking good care of yourself this past week?”

Ted nods and answers “Yes mum, I am fine. Don’t worry. So where is our guest?”

Cassany takes Ju-no away from Ted and says “Elgene is in Azio’s room, I hope he can help to encourage Azio. He has been hiding in the room the whole week.”

Helen holds Ted’s hands “Come over for dinner everyday, you have been losing too much weight.”

Ted smiles “Thanks mum. I will.”

Helen says softly “You don’t have to call me mum if you don’t want to.”

Ted holds Helen’s hands in his huge hands, he says softly “Mum, we might have lost Wayne but I always regard his family as my own. You might have lost a son but you have gained a son too, and that is me.”

Helen’s tears roll out onto her wrinkled face, she says in between sobs “Thank you, Ted. Wayne was very lucky to have you by his side and I am thankful for having you as my great son.”

Cassany too starts sobbing and chips in “Thank you, Ted. You are always a part of the family.”

Standing at the corridor, Azio tries to control his tears and when Elgene notices that, he places his arm over Azio and pats him continuously.

Everyone’s in a pissy mood and so am I. Loads of stuff in my head, and everywhere. Without going into details, I found this cute poem somewhere and I thought it was quite funny so here it is, to share it with you, my fellow bluey huey!

My darling, my lover, my beautiful wife;
Marrying you screwed up my life.

What inspired this amorous rhyme?
Two parts vodka, one part lime.

Azio swallows his saliva hard, he pleads softly “Can you don’t say such things? All I want is to be with you, why must you keep hurting me?”

Flack snarls “I will tell you one last time, I don’t have any feelings for you! I needed a man to soothe my sexual urges and you fit the bill as a sex tool, that’s all!”

Azio could not believe what Flack has just said, he presses “I don’t believe you.”

Flack walks up close to Azio till Azio feels Flack’s hot breath, Flack says spitefully “You are only good for me in sex and nothing else, and now even your look disgusts me. Be a man and have some pride, leave me alone from now on!”

Azio takes a few steps back, he continues looking at Flack and Flack continues “You are just as irritating as your brother!”

Azio snaps “Leave Wayne out of this! I can tolerate with all your abuses because I really love you but Wayne has nothing to do with this, don’t you tarnish his reputation!”

Flack takes a deep breath and says “Wayne is no saint; he snatched Ted away from me and influenced Ted to dislike me. Wayne is nothing but a despicable devil. I am so glad I encouraged him to give up fighting for his life!”

Standing at a corner, Elgene gets a shock when he hears that and suddenly he notices Azio clenches his fist and rushes out to stop Azio.

Elgene tries to stop Azio from reaching out to Flack and Flack retorts “You are only good at throwing punches! If you dare to ever lay one finger on me, I will sue you till you bankrupt!”

Azio shouts “Get off me! I am going to beat the daylights out of you, Flack!”

Elgene blocks Azio with all his might and interrupts “Bitch! Just get out of here now!”

Flack storms off while Elgene loses his footing and Azio accidentally punches Elgene in the process.

“Ouch! That freaking hurts!” moans Elgene.

Azio has the intention to run after Flack but stops in his tracks when he hears Elgene moaning on the ground.

Azio bends over and helps Elgene up, he apologises “I am so sorry! Why did you turn up all of a sudden? Aren’t you supposed to have already left?”

Elgene pushes Azio away hard; he scolds “Damn you!”

Cassany goes around looking for Azio when she sees him with Elgene at a corner, she approaches them and is shocked to see Elgene’s bruised face.

Cassany exclaims “Oh my! Have you guys been fighting? How could you do this to Elgene, Azio?”

Azio remains silent and Cassany reaches out to Elgene “Come, follow me upstairs and I will apply some ointment on your bruises. Azio, go help Ted now!”

Helen helps to dress Elgene’s bruises and keeps apologizing, she insists that Elgene stays the night and offers Azio’s bedroom for him to rest.

When Elgene walks out of the bedroom the following morning, Helen is already preparing breakfast. Ju-no and Wy-en are playing by themselves in the hall quietly.

Elgene walks to the kitchen and greets Helen “Morning auntie.”

Helen turns back with blood-shot eyes, she croaks “Oh? You are up. I have made some breakfast, join us.”

Elgene nods and helps Helen to lay out the table, he can feel the grief in Helen and he is at a lost as he has no idea how he should console Helen.

Elgene helps Helen to feed Ju-no and Wy-en and makes some small talk during the feedings. Helen uncontrollably breaks down and Elgene tries his best to console her.

Helen is too weak to continue so Elgene helps her to her room to rest while he stays to take care of the boys.

For the next 2 days, Elgene continues staying there to help Helen takes care of the boys.

Let’s take a look at how the retracements on bourses have been doing.

Looking at the DJIA, you’ll see that it has pulled back to the 25MA support, which I would think may form a little support and have some ‘rest’ days but is unlikely to hold for long. This also coincides with the 23.6% fibonacci retracement. This level is not likely to hold, especially given that indicators suggests more downside. So immediate term? A continued down movement.  Let’s look out for the 38.2% level which I call the cha-cha level. If it hits there, bounces back up from there, my interpretation is that the trend should still be bullish although it would have broken the trendline (I will expect the trendline *in green* to break anyway) and thereby resisted by that trendline. That level is also around the region of the 100MA which could find pretty good support. Currently, my TP for the downside rests at the 50% retracement mark but I will need to evaluate this as time goes on. 50% is NOT a fibonacci number. It is just a half way mark but usually markets that have the trend intact will bounce off this level. A break below this level is extremely weak and is grounds for short-sell positions to me, especially if it breaks 61.8%, and look at the huge potential downside right up to 100%. So in summary, expect pause days, tech rebounds but overall, the dow is set to trend further down.

One special note, I observed a hanging man candlestick on oil. This suggests that a reverse in oil prices may be upcoming. Let’s look at monday for a confirmation and if it holds true, a reversal should occur really soon. SIA’s price has been affected by oil prices and they are due to report soon. What will they say? I am looking to buy them back soon when indicators reach a certain positive level, as with SGX, but not yet.

Over at the STI, you’ll see the price closing pretty near it’s opening. On the weekly, it has become a bearish engulfing candlestick which is bad and tells you the trend could move down with a greater possibility. The decreasing volume over the past few days does tell you either people are not dumping, or no one is dumping other than institutional funds. If the latter is true, that implies retail investors are still out and waiting. Where will they be happy to buy from? My price target is still at around 3050 region for the STI for now. This will be offering a strong support, and a crack below that level would be bad and many investors will possibly be more adverse and move their levels down further n ‘park’ there instead. On fibonacci (i did not include it in the chart though I examined it), we are not even through with 23.6% yet. My price target of 3050 is around 38.2%, while 50% will see it at 3000 flat, which I will expect to hold. Like the dow, STI has cracked the trendline too. But if it rests at the right levels a new trendline will form. As the current trendlines I draw are extremely short term, of around 1 month, they are generally weak trendlines. Any crack of the 3000 target could see us returning back to the extremely strong downtrend line we have seen since the STI has topped. We do NOT want to go back there…. but will we? It is not impossible. Nothing is.

HSI has cracked 200MA, unable to sustain its position above it. This suggests a strong indicator of a trend reversal. It is now supported by 25MA and soon to be 100MA. The SSE is also seeing the same support at 25MA and soon to be 50MA. 100MA is way above and this has a lot to catch up with. If inflation is taken care of, and you’re looking at a rally towards the olympics, why not invest in s-shares? Fundamentally strong ones are abundant and I am personally waiting to re-enter some of them, after selling them at a high recently.

Let’s look at Pac Andes. Spotted a flag formation which is normal after a huge leap in price. A flag is seen when the price consolidates and tests a support. Usually the end result is a breakout. Let’s see if it succeeds or fails. A flag breakout usually has high possibilities, but only in a bullish trend. This trend does not have to follow the trend of the index. For pacandes, assuming a pullback to 100MA and a breakout occurs from there, the price target would be around 58-59c.

FJBen’s support at 36-37c to hold. Is this the bottom?

So is ST Engineering.

I am watching SGX and SIA closely….

Stand By Me (Part 24)

Ted has been missing work for more than a week, accompanying Wayne at the hospital. He will help the nurse to cleanse and feed him. He will also read out the newspapers for Wayne, watching him sleep.

Wayne’s condition has turned for the worse, he can barely talk and have to rest a lot. His cancerous cells have spread at an alarming pace as his condition is unsuitable to continue chemotherapy.

Ted will sob quietly at one corner everyday and puts on a brave front when Wayne’s family is over for visitation. He wants to make sure he is strong enough to support Helen’s concerns.

Ted is looking at the photographs he had taken with Wayne on his digital camera when Wayne calls out to him weakly.

Ted immediately puts down his digicam and cupping Wayne’s hands, he queries “Yes, my dear. What do you need?”

Wayne smiles weakly, he mumbles softly “It is a nice weather today. Can we go outside for once?”

Ted looks uncomfortable, he protests “But you might catch a cold and you are not in a position to get out of the bed.”

Wayne pleads “I have been lying on this bed ever since I am hospitalized. I have been sleeping ¾ of the day after my cardiac arrest; I have not been feeling the warmth of the sun for too long. Please?”

Ted unwillingly nods his head; he calls for the nurse and after doctor’s approval, carries Wayne onto a wheelchair and wheels him to the garden.

Wayne tries to breathe in the fresh air but coughs as his lungs are too weak to take in the sudden inhale.

Ted pats on Wayne’s back worriedly and asks “I think let’s go back to the ward.”

“No. I want to stay out for a little while more. Stay with me.” Wayne pleads.

Ted wheels Wayne to a resting area up the slope; he sits himself besides Wayne, holding his hands.

Wayne asks weakly “We have not watched the scenery for a long time.”

Ted answers gently “We will do this everyday after your discharge if you like.”

Wayne smiles a little “I don’t think we will have another chance like today. Ted, promise me to move on with your life after I die, ok?”

Ted, holding back his tears, stutters “Don’t you dare say that! You are not going anywhere without me! My life is incomplete without you.”

Wayne continues weakly “Ted, you have to let go of me. I know I won’t be able to be a part of your life any longer. If you really love me, you should let me go and find back your life.”

Ted kisses Wayne’s forehead and whispers “I will not let you go. You will get well and I will love you even more. Listening to your every commands and wishes. I will be your slave.”

Wayne shivers and stammers “I am getting cold. Can you hug me?”

Ted hugs Wayne tightly; he takes off his jacket and wears it over Wayne.

Wayne places his head on Ted’s broad shoulders, he asks “Let’s stay here a little while more.”

Ted agrees and says “Ok, we will stay here a little while longer. Rest on my shoulders if you are tired.”

Wayne whispers “Can you remember how we met? How did you ask me out for our first date?”

Ted allows the fond memories to come rushing back to his head and verbalise them to Wayne, laughing softly when he recalls some embarrassing moments.

Wayne too smiles weakly when he recalled those same moments, he slowly closes his eyes while listening to Ted reminiscing about their past.

Ted feels the weight of Wayne’s head on his shoulders getting heavy, he asks softly “Shall we go back now?”

There is no response from Wayne and Ted tries to hold Wayne’s hands but they slip away from his grab.

// END //

Stand By Me (Part 25)

Helen is sobbing loudly in her room, due to traditional belief, she is not to be present at the funeral. Ju-no and Wy-en are keeping her company in the room, looking hapless at the grieving Helen.

Ted is tending to the guests who come to attend Wayne’s funeral, with Cassany and Azio tending to their relatives.

Ted’s tiredness is clearly visible to everyone and Cassany is extremely concerned, she walks to him when Ted is alone.

“Ted, how are you holding up? Why don’t you go upstairs to take a rest for a while?” Cassany asks.

Ted shakes his head and whispers, “I want to be near Wayne.”

Cassany hugs Ted and both of them sob uncontrollably.

Azio is talking to some relatives when Elgene arrives; Elgene avoids Azio and go straight to the altar to pay his last respects to Wayne.

After paying his last respects, Elgene turns to Ted and consoles “Be strong, the family needs you to be there for them.” Ted nods.

Elgene finds a corner and sit by himself when he notices Stephen shows up with a pregnant woman and out of a sudden, Azio rushes up to them and gives Stephen a punch to his face.

“Get the fuck out of here! You are not welcome here!” yells Azio.

Both Elgene and Ted rush over to stop Azio from throwing his second punch, Cassany rushes over too, she pleads “Don’t create a scene, please!”

The commotion causes all the guests to gossip in whispers after a moment of silence. Stephen leaves with his pregnant companion shortly after the commotion.

Elgene pulls Azio to a quiet corner and demands “What is wrong with you? It is your brother’s funeral and you are creating a din!”

Azio pushes Elgene aside and Elgene falls as he loses his balance, Azio is astonished at his behavior and offers to help Elgene up.

Elgene refuses and picks himself up; he tries to contain his anger and says “You seriously need to grow up. Your family needs you even more now.”

Elgene walks away from Azio when Azio apologises “I am sorry about my rude behavior. But that rascal cheated on Cassany and is even giving up their marriage. I won’t let anyone hurt my family.”

Elgene stops and turns back “All the more, you should be matured and protect your family. You can’t solve problems with brute force. If you need my help, just let me know. I got to go now.”

Just when Elgene is about to leave, both of them see Flack shows up at the funeral. Azio walks over to Flack immediately. Elgene hesitates but follows Azio soon after.

Azio is about to call out to Flack when he sees Flack drags Ted to a corner, he follows them out of curiosity.

Azio is astonished when he hears Flack pleading with Ted “Ted, you have to wake up! Wayne has left us; he is no longer with you. Let him go, let me take care of you!”

Ted loses his cool and barks “Flack! You are the one who should wake up! I have no feelings or whatsoever for you. There is only one love in my heart and he is Wayne. Your persistence will only make me give up our friendship!”

Flack trembles with anger and gives Ted a slap on the face; he protests “I hate you! I hate Wayne, he was the one who caused me to lose you in the past and now, even after he is gone, he made me lose you forever!”

Ted starts to walk away from Flack; he says coldly “No, Wayne didn’t do anything to you. You have only yourself to blame, thanks for coming to the funeral. After tonight, we are no longer friends.”

Ted leaves Flack sobbing and shivering, Azio walks softly towards Flack. He whispers “Flack, are you all right?”

Flack maintains his back at Azio and yells “Leave me alone!”

Azio tries to hug Flack from behind but Flack refuses, he barks “Stop bothering me, Azio! You are just a substitute for Ted!”