John D. Rockefeller

http://en.wikipedia.org/wiki/John_D._Rockefeller
Got reference from a christian bro about this guy, quite fasinating in terms of real wealth, but it seems as the bible says too, the old are not remembered.

Watchlist

Capitalcommercial - 0.80 cp, a bit wide cut
Parkway - 1.08cp
NOL, banks, F&N watch it

today miss a few ride on hongkongland, parkway, no more

STI
resistance - 1,740, small gap there, 1,776.
support 1,664

Market Reviews

Touchdown resistance.

Pretty hard to determine the next line of resistance unless naturally is 1,800, support at 1700.
In any case, here are the shorts
F&N - 2.51 day low, 2.74 resistance
OCBC - 4.92 day low, 5.13 resistance
Sembmar - 1.76 day low, 1.92 resistance
Note is a countertrend move

Prep for Session Tmr

STI 1,754 resistance, STI 1,723 ystr high, 1,680 ystr low, 1,664 support

In the event that DJI rally

STI open flat, up to test 1,723 and fail
STI open 1,723 and sell to 1,706 then 1,680 and fail to test gap
STI open up 1,723 and rally up 1,754

2nd scenario more likely or similar event
SGX - 5.14, believe it stuck between 5.00 - 5.20, (trailing 5.00)
Capland - 2.60 measured move

Market Reviews

New bull? see how it retrace

I can view my twitter updates on the blog at your work place, a little strange i can't view it at home though

Market Reviews

Up against resistance at 800, retracement to 750. Come on, sellers.

Puny STI with a downtrendline, range is tight, risk/reward not so favourable

Twitter Updates

Finally get twitter up, wanting to do away with trades taken page because too troublesome.

Market Reviews

US seem to easy, shooting star with overbought conditions,
If it really sell:

S&P - 734 then 721 second level, lower will be retest the low
STI - 1,556 then 1,524 and below will retest the low

If it rally, which really stand a chance
S&P - 800
STI - 1,630

Rattling

Just back from IT show, crowd mood is more discouraging than last yr, contracian indicator? Damned shagged, sorry for the lack of updates and quite distorted Trades Taken page (due to the lack of updates), thinking.... how to make it more up to date though.

Anyway, I will be in twitter more often now, justfollow me as id: dongtrader overthere.

Just a peep to the market, seem like we can't fill the gap at 1,580 even for today, should i turn bearish

Market Reviews

Bounce not been broad-based and volume is average, in terms of price action rather is pretty much neutral. Rights rumours continue to flood the market.

Few scenarios for tomorrow:
1. US bounce, SG gapup to 1,540+ and consolidation day
2. US bounce, SG gapup to 1530+ touch 1,513 and sell
3. US bounce, SG gapup to 1,540+ and fill the gap to 1,588 trendday
4. Nothing happens

Realise the trade-taken maybe given me a check, for the winlose% of it. Psychology wise stil to be self-control to reiterate the importance of expectancy of trading and not rather the winlose% of it

If you lose consecutive 10trades, with $100per trade, is $1,000
If you win consecutive 5trades with $200 per trade, is $1,000 too,

Let your winner run, cut your losers short.

Market Review

Market continue to sell, but it seems to me less than a crash, nevertheless, i guessed a snapback will not be too far from here. Update:

F&N ep 1.93, cp 1.86, tp -20ema
UOB measured move should be ep 7.8, cp, 0.20down, tp -20ema
SIA eng - get longterm chart on hand
SPH - touch support,

Market Review

Market remains treacherous on both US and SG, what has normally been historical edges in determining intermediate bottom has remained unwarranted in this environment. What is notable is still the weakness in properties but strength in commodities and oil related.

Of course, mkt revert to the mean if it is too stretched. But the difficulties part is to set very tight stops

F&N - enter on 2.00, cp -1.96, tp - 20ema
Sembcorp - enter on 2.04, cp - 2.00, tp - 2.14(downtrend line)
SGX - enter on 4.20, cp- 4.16, tp-20ema, 4.36+ (downtrendline)
Citidev - enter on 4.23+, cp 4.20, tp, 4.6(downtrendline) - seem like touching longterm support
UOB - enter on 9.00 (breakout steepdowntrend) , cp - 8.82, tp - gap or 20ema

Bollinger Band Test2

Going to test the bollingerband trading on mean reversion.

A few observations, counters tend to touch bollinger band on first rebound and may sell further. Thus, F&N buy on 2.38 and sell on 2.48 was actually a correct move