Market Reviews

Market has been range-bound for the couple of mths, make me probe about the possible change of strategy, previously strategy works well if I do really religiously follow it

My own P&L equity curve serves me as the best indicators, when breakout failed, mostly we are profit taking or range-bound. When short setup failed, most likely still in period of consolidation. But just a summary to what going on now:

Mar- Jul

Breath & Vol goes in hand

Chart formation work best: bullflap, ascending, flat consolidation breakout

Aug - Sep

Vol goes to pennies, high for many stocks achieved.

Short of failed breakout have to wait 1day

Momentum trade for the pennies (which i got to learn, especially those breakout for 2-3days pennies)

Oct -

Where shall it be?

Uptrend line breakdown seem to be slower than flat consolidation breakdown (when it flip it upside down, u get it)

I am working on a set of indicators to determine the market strength on which phase we are in.

1. Z call

2. STI weekly chart - above 10EMA

3. STI component charts - number of stocks above 20EMA

4. Breath of stocks- which i am still thinking how many days should i put

Alright pls comment though i guess most of you will be more interested in what is below:

Shorts:

Capitaland: 3.72 (should at least threaten the previous low at 3.50)

Swiber: 0.92

Kepland: 2.82 (shorted too early, this should be the price)

Olam: 2.50

Ho bee: 1.50

Ezra:1.95

Sembmar: 3.20

Ausgroup: 0.74

First target of STI- 2,580, 2500

by now should know the number besides is the cutloss pt, entry is only useful for determine your risks