Time : 10pm
Mood : nil
A cool off wednesday which finally ended a few days of mad rush of people buying stocks which spur the prices up . I rated the graphs of serveral stocks to be Paraboric. It means that the line of the graph looks as if it is ready to move into a vertical line which do not make sense in money market. These lines usually indicate the market has come to the point where down side is greater than it going further up.
Several graphs i have seen in the evening so far have shown signs of moving a few more days of down before another wave of rally resumes.
Stay tuned
SG stocks i am holding:
Kep Corp
SPH
F&N
Nico Steel
LKH
SG stock just sold:
SPC
SGX
SG stock i am aiming:
NOL
Parkway Holdings
to a better financial future
Wednesday, July 29, 2009
STI : 2600 ???
Time : 9am
Mood : fair
i have been wondering since May 09 why the current market is going up despite negative news all around the world ? Well, luckily on 15th July US market release positive news about new money injections and positive news on companies repaying debts, it eased my mind on why the market is so crazy.
Singapore market have been strong since May and i have a good 6th sense that this 'so call' recession is actually a gimmick already. STI have rose more than 1000 pts over last 5mth. Imagine i were to buy at the lowest point !!! Woo... However, it is actually these times which test the emotions of human being as the market went up and make people guess the next directions with different views.
Well, i don't care, the only thing i care about is the background of the company and i think it isnt any good time to target blue chips now. However, i found a way to ride the waves yet able to big high and sell low . Using bolliger band and stochastics chart to give me indications on the market movement have been good so far. I sold SGX at a high of $8.80 yesterday and expecting it to adjust back to the range of $8 plus/minus again before i go in market. May my dream come true ...:)
SG stocks i am holding:
Kep Corp
SPH
F&N
SG stock just sold:
SPC
SGX
SG stock i am aiming:
NOL
Parkway Holdings
to a better financial future
Mood : fair
i have been wondering since May 09 why the current market is going up despite negative news all around the world ? Well, luckily on 15th July US market release positive news about new money injections and positive news on companies repaying debts, it eased my mind on why the market is so crazy.
Singapore market have been strong since May and i have a good 6th sense that this 'so call' recession is actually a gimmick already. STI have rose more than 1000 pts over last 5mth. Imagine i were to buy at the lowest point !!! Woo... However, it is actually these times which test the emotions of human being as the market went up and make people guess the next directions with different views.
Well, i don't care, the only thing i care about is the background of the company and i think it isnt any good time to target blue chips now. However, i found a way to ride the waves yet able to big high and sell low . Using bolliger band and stochastics chart to give me indications on the market movement have been good so far. I sold SGX at a high of $8.80 yesterday and expecting it to adjust back to the range of $8 plus/minus again before i go in market. May my dream come true ...:)
SG stocks i am holding:
Kep Corp
SPH
F&N
SG stock just sold:
SPC
SGX
SG stock i am aiming:
NOL
Parkway Holdings
to a better financial future
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