[sticky post. updates below this] _ _ _ _ _ _ _ _ _ _ Cheers, buddies. Wohoooooooo… :-D

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STI 20090710 dc2307. Sym triangle + h&s

STI 20090708 went below h&s neckline yet close on it, dc2259.
That h&s remains as something most traders are eyeing with hawk eye.

STI 20090710 dc2307.
STI, apart from h&s, has another stuff for us to watch: sym triangle
sym triangle resis, pink line:
2324 for 20090713 (-4/day)
2320 for 20090714
sym triangle sup/ h&s neckline, orange line:
2275 for 20090713 (+5/day)
2280 for 20090714
(1) sym triangle breakUP (breakout to upside)?
(2) sym triangle/ h&s breakDOWN (breakout to downside)?

- indicators in low zone
- prices are not showing signs of upside
- vol declining
- STI’s twin bro, HSI: below h&s neckline
This is getting kinda interesting, exciting, challenging how will STI do.
i’ll not expand my contra trades, rather, back to intra is my preference.

Cheers  :-D

stk cj sti 20090710 2 sim m

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i know that i have this problem for a long long time 20090709

Bros, have ang-mo in sg, wont be able to join you guys in market tomorrow.
Enjoy  :-D

=====
i start every month very carefully, attempt to win cushion first,
for the potential $losers for future trades for rest of the month.

i know that i have this problem for a long long time:
After getting that needed cushion, i become complacent.
Take May, by week3, profit was $16k approx  :-D
By end of month, it becomes s$7k. Yeah, lost s$9k in the last week of May  :-(

just as much as we want to take$ from market,
we must be prepared psychologically & financially: lose$ to market.
Nevertheless, since i know that i have this problem for a long long time,
in order to do better, i must cure my problem, correct my weakness.

9days have past
winners: CDLhTrust 2rounds, suntecReit, capitaland, ezion 2rounds, capitaland 15+5k
losers: swiber, capitaland, ausGroup 50k, suntecReit 10k
balance: ausGroup 20k, suntecReit 10k, nol 10k (Aric bro, i count on you for this), capitaland 5k, ocbc long680 5k (Herianto shark, i count on you for this). Wahaha..

i paid $1.8k capitaland grandstand seat yesterday,
i’ve taken it back from the same capitaland intra with long337 sold348,351, & surplus $400 approx  :-D

cj chang (09/07/09 9:02:22 AM): cap long 337
cj chang (09/07/09 9:30:03 AM): k, i no greedy, q sell 348, recoup my loss yesterday
cj chang (09/07/09 9:54:50 AM): right! very good… my cap will return me the $ it took form me yestreday!
cj chang (09/07/09 3:07:11 PM): geez… will it go 348 wher i q sell…
cj chang (09/07/09 3:07:27 PM): k, amend to 5k 1st, balance 15k run on
cj chang (09/07/09 3:16:37 PM): Sel Stock Name Cur Action Price Qty Qty Filled Balance Status Settle Ccy Mode Trade Time Order No Submit Time Order Time Order Source Mkt Code Account Ref No Action ID Off Code Feed Code Capitaland SGD Sell 3.480 5,000 5,000 0 F SGD Cash 09-07-2009 15:16:11 N1009JN
cj chang (09/07/09 3:23:16 PM): Account number : 0417784 Order No 123295 : 15,000 shares of Capitaland Action : Sell Order Status : 15,000 shares of Capitaland at $3.510 Status : Done 07/09/09 03:20:01 PM

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STI 20090709 eod 2307. Triangle range bound?

STI 20090709 偶像

Index Last Change % High Low Time
STI 2307.61 47.84 2.12% 2314.62 2262.34 17:10:02
Hangseng 17790.59 69.52 0.39% 17836.95 17509.28 16:01:32
Nikkei225 9291.06 -129.69 -1.38% 9384.24 9291.06 15:00:40
SSE 3123.04 42.26 1.37% 3123.51 3064.21 15:00:29

perhaps, below sums up my view:
cj chang (09/07/09 3:38:51 PM): i really dun know wat’s good now

Will STI doing a triangle range bound?
Between
previous uptrendline aka “last defence“, pink line: 2335 for 20090710 (+10/day)
h&s neckline, orange line: 2270 for 20090710 (+5/day)
These are the figures interest me

stk cj sti 20090709 sim m

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STI 20090709 1230pm 2286

STI 20090709 1230pm 2286

Index Last Change % High Low Time
STI 2286.91 27.14 1.2% 2301.65 2262.34 13:49:45
Hangseng 17617.65 -103.42 -0.58% 17793.61 17509.28 12:30:02
Nikkei225 9303.20 -117.55 -1.25% 9384.24 9296.03 14:49:02
SSE 3102.74 21.97 0.71% 3114.38 3064.21 13:49:18

- above h&s neckline 2265 (+5 each day, thus 2270 for 20090710)
- resist by 2293 20ema?
- apparently, we did have a reversal candlestick yesterday, as STI trades above 2260.
But, that reversal (if valid), leads to up? Or range bound?

Tough call. Or rather, i’m just confused.
When tide gets rough, stay side or small, shall be the more viable choice.

Going out for meetings. Enjoy  :-D

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bro, ur capitaland close338. u sl335, wasted le…

After meeting, a friend called
“bro, ur capitaland close338. u sl335, wasted le…”

In july, CDLhTrust 2rounds, suntecReit, capitaland, ezion 2rounds, made me smile  :-D
I know, $losing trade will certainly come, just a matter of “when”.
Yesterday, swiber become my 1st $losing trade in Jul  :-(
Today, capitaland, is the 2nd $losing trade  :-(
Foreseeable, ausGroup may be 3rd (i hope not)

Lose$, the feeling is bad, of course.
But, perhaps, we need to face the reality of stock market:
just as much as we want to take$ from market,
we must be prepared psychologically & financially: lose$ to market.

That explains why SL comes in. SL without action, is of no significance.
(But, i hope to face this type of situation less often. Wahaha..)

Enjoy your evening  :-D

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sti 20090708 1619pm 2264. Climb back to h&s neckline 2260, how?

Index Last Change % Time
STI 2264.57 -7.69 -0.34% 16:19:00

=====
Dow
20090706 broke below h&s neckline 8270 yet close ABOVE it.
20090707 broke below h&s neckline 8270 & close BELOW it.

STI
20070708 broke below h&s neckline 2260 & float around it.
20090709 tomorrow??? Will it do what Dow have done?

As at now, balance: ausGroup & suntec.

2nd loss in July (capitaland) cost me $1.8k approx, it got me a grandstand seat in watching market b4 leaving desk.

When the tide gets rough, stay small.

Enjoy, bros :-D

* via mobile

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sti mini sup 2240, gone???

sti mini sup 2240, gone???
balance: ausGroup, NOL, SuntecReit
done/ game over: capland sl335

Index Last Change % High Low Time
STI 2237.39 -34.87 -1.53% 2260.26 2236.73 11:36:30

=====
edited 20090708 1251pm
was titled “sti h&s neckline 2240, gone???”
game over till blur. wahahha…

Index Last Change % High Low Time
STI 2245.77 -26.49 -1.17% 2260.26 2235.45 12:54:15

With sti h&s neckline 2260 gone,
flirting around mini support 2240.
In my bare eye, STI has not found the footing space yet.
Per morning post, i’d love see it test 2211 50ema.
& note that 2195 fib23%2176g(20090518)-2190g(20090522)

With my closed gameover quickie on capland,
i will jus stay on fence see how things develop.

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capitaland no backbone

capitaland 339 340 now, with dl338.
If it fails to steer back to 344 50ema. I’ll jus sl it & walk away.

Making this the 2nd $loss trade in July, after Swiber. Fighting something with no backbone (it falls more than index), may not justify my guts.

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capitaland 20090708 add349

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capitaland 20090708 long347

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