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Dow 20091111 dc 10291. High is higher. But, volume is thinner.

wow.. What a period for me.
Tight schedule has stopped the trade platform from running for 2days.
I still “try” to update myself via pda when having smoke break.
Wahaha.. This is so routine. Or, so itchy?! wahaha..
Yeah, man, thanks, buddies, for your constant sms updates!

STI made new recent high 2740 yesterday (20091111).
Dow too, 20091111 dc 10291. High is higher.
But, volume is thinner.
Price is the king, no doubt. But, it is also “no doubt” this king has lesser followers lately.

We must have new exciting news or measures to attract (or lure) more guys to participate.
Or else, this king is likely to take a rest.
Let it unfolds.
Market is always there.
Thou i often like to add: Market awaits nobody.
So, when the new setup come, go for it.

10291.26  +44.29 (+0.43%)
Volume 722,024,000   4:30:21 PM EST

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Dow 20091109 dc10226 +203 +2.03%, best finish since 20081003. When the world party, i’m just a passer-by, rather than participant :-/

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no nightmare :-) NO sweet dream :-(

no nightmare :-) NO sweet dream :-(

20091104 usa time, I had no nightmare , as i did NOT add longs (only have MIIF) when dow sold off 100+ (from +156 to +30).
20091105 usa time, I had no sweet dream , as i did NOT add longs (only have MIIF) when dow surged +203 (thou volume appear thin, with only 0.788b)

Last 3pm+, price went to my level, but i was “hoping” i could buy more cheaply today. But, i will not be able to, as stocks shall gap UP.

View remains, i look to long, if the “gap up” is a 3-4 bids (hello, am i dream?) The surge up, may be partly helped by our dear shortists covering too.

The stocks in my watch: olam, straitsAsia, NOL, capitaMall, capitaLand, yingli.
I seldom trade more than 3 counters, there will be no exception today, or rather, i may only trade just 1 counter.

Cheers :-D

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trades 20091105 11:45am, so far use eyes, but hide fingers :-)

20091105 11:45am, so far use eyes, but hide fingers  :-)
i was concerned about FOMC nightmare last afternoon,
seems, turns true from price movement so far.

Wake up, & find that, it was just a nightmare rather than reality.
Will that be the case? Wahaha..
So, i’ll watch if those stocks in my watch go dowN to my preferred level,
If yes, i may stretch my index finger:
CapitaLand lvl 401,406, now 407-408, dh413 dl406 do411
YingLi lvl 710, now 725-730, dh750 dl720 do745
& CapitaMall, NOL 

Nevetheless, take note of the concern about long property counters:

Hong Kong shares drop as property developers slide
By V. Phani Kumar
HONG KONG (MarketWatch) — Hong Kong shares retreated early Thursday, as property stocks resumed their slide amid persistent concerns government may act to cool prices. The Hang Seng Index dropped 0.8% to 21,444.67, and the Hang Seng China Enterprises Index lost 0.4% to 12,783.27. Sun Hung Kai Properties Ltd. (HK:16 113.30, -2.30, -1.99%) (SUHJ.Y 14.94, +0.24, +1.63%) fell 1.8%, and Sino Land Co. (HK:83 14.02, -0.26, -1.82%) lost 1.5%. But stock gains on mainland China provided some mild support, with the Shanghai Composite rising 0.5% to 3,143.12, taking its rally into a fifth straight session.

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20091004 dc

Index Last Change % High Low Time
Dow 9802.14 30.23 0.31% 9928.04 9767.14 16:04:35
NASDAQ 2055.52 -1.80 -0.09% 2081.10 2053.00 16:00:16
S&P500 1046.50 1.09 0.1% 1061.00 1045.15 16:03:07

stk dow 20091104 9802 dh9928 dl9767 selloff 100 aft fomc

Stock gains crumble in wake of Fed decision
Caution rules again as risk-aversion leads to late sell-off
By Peter McKay & Geoffrey Rogow, MarketWatch
NEW YORK (MarketWatch) — The Federal Reserve ’s decision to leave interest rates unchanged wasn’t enough to sustain Wednesday’s early rally as investors’ recent skittishness returned and sent stocks tumbling in the last half hour of trading
Major indexes posted solid gains through most of the session but suffered from a wave of selling in the last half hour. The Dow Jones Industrial Average (INDU 9,802, +30.07, +0.31%) was up almost 150 points at its afternoon high shortly after the Fed announcement but finished with a gain of just 30.23 points, up 0.3%, at 9802.14.

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STI 20091102-20091106 trendline values

stk cj sti 20091030 sim m

STI 20091102-20091106 trendline values

STI  trendline: red pink yellow blue green
02-11-09 Mon       2606 2604
03-11-09 Tue       2607 2609
04-11-09 Wed       2609 2613
05-11-09 Thu       2610 2617
06-11-09 Fri       2612 2622

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As usual, there are often 2 views: up or dowN. What else?
Some guys have bearish view, citing the potential correction or even down trend .
Some guys have bullish view,  citing the continuous up trend.

i will only have bearish view IF blue line & green line are broken,
with h&s measured tp1: -115 from breakdown point.
Of course, this “h&s” is not orthodox (textbook style), as its H is lower than right-S, & neckline is sloping up rather than usual dowN. But, i will use measured tp1 for dowNside.

What if index on that edge?
i incline to long, but lighter position size & shorter trade timeframe.

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Dow 20091102-20091106 trendline values

stk cj dow 20091030 sim m

Dow sup 9626 (dotted dark green)

Dow 20091102-20091106 trendline values:

Dow  trendline: red pink yellow blue green
02-11-09 Mon 10313 10222 9948 9684 9548
03-11-09 Tue 10306 10235 9952 9694 9566
04-11-09 Wed 10299 10248 9956 9704 9584
05-11-09 Thu 10292 10261 9960 9715 9602
06-11-09 Fri 10285 10274 9964 9725 9620

Dow 20091026-20091030 trendline values

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Dow 20091030

Index Last Change % High Low Time
Dow 9712.73 -249.85 -2.51% 9962.13 9684.54 16:04:41
NASDAQ 2045.11 -52.44 -2.5% 2095.09 2040.21 16:00:15
S&P500 1036.19 -29.92 -2.81% 1065.41 1033.38 16:04:52

That DL9684 just 10points away from our blue trendline mention in 20091025

Dow  trendline: red pink yellow blue green
30-10-09 Fri 10320 10209 9944 9674 9530

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Well, i could only be glad of the decision in selling Capitaland & IndoAgri yesterday per prior posts, though i’m still subject to Mon gap down for MIIF.

For Mon, we could have some fun, again.
Stocks surely gap dowN, due to the fear factor.
But, how dowN is considered “dowN enough”?
Dig out the charts of your regular stocks, find the support level, see how price reacts there. As for me, i’ll still focus on CapitaLand  :-)
If they dont go to the support, how? Dont long yet! Crazy to long in dowN days? Let’s think:
who are the buyers when stocks tumble?
who are the sellers when stocks rocket?
Remem, stocks, is a game of numbers.

For coming sessions, i continue to watch the development of above Dow sup 9626 (dotted dark green) & Dow 20091102-20091106 trendline values, especially that blur trendline

 Enjoy your weekend!  :-D

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Dow 20091028 dc9762 -119 dow dowN, again. Dow 20091029 trendline values. The sunny days may not be far..

Dow 20091028
9762.69 -119.48 (-1.21%)
Open: 9881.11
Day Range: 9758.08 / 9902.42
Volume 1,024,916,000

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Dow 20091029 trendline values

Dow  trendline: red pink yellow blue green
29-10-09 Thu 10327 10196 9940 9663 9512

Dow trendline

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Dow dowN, again.
The support we’d love to see it tested, is 9680, another 82points away.
Blue trendline for tonight (20091029), is 9663, another 100points away.

Thus, IF base on what we “imagine”,
the sunny days may not be far, the long days may not be far,
probably, tomorrow (20091030) sg time.

With that view, i’ll shift focus to individual stocks, such as my fav CapitaLand 406, see the development there.

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Dow 20091027 trendline values

Dow  trendline: red pink yellow blue green
27-10-09 Tue 10341 10170 9932 9643 9476

Dow trendline

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Dow 20091026 11:52am 9936. Wa! Dow dowN 龍卷風 from+101 to -35

Was watching 臺灣龍卷風 for past 30min, & came to wanna shut down notebook.
WA! It’s a Dow dowN 龍卷風 for past 30min too!
DOW JONES INDU AVERAGE NDX (.DJIA)
9936.81
   -35.37 (-0.35%)
Open: 9972.33 Day Range: 9911.49 / 10072.32
Volume 512,432,000   11:52:06 AM EDT
stk dow 20091026 1152 9936

We were saying yellow trendline value for today is 9928 in previous post.
i was thinking, that yellow trendline wouldn’t be tested.
Yet look at it now. It went below that to 9911. Geez…

A dc below that, i shall try exit my longs
A dc above that, i shall hang on
Again, when a stock’s specific SL/ trailing stop is hit, i’ll still do it
We dont need to have too much reasons in protect our $, just follow the number.

Good night  :-)

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Dow 20091026 trendline values

Dow  trendline: red pink yellow blue green
26-10-09 Mon 10348 10157 9928 9632 9458

Dow trendline

A very busy day in office today.
Leaving for weekly badminton.
Enjoy your evening  :-D

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