[IMG]http://i296.photobucket.com/albums/mm196/xingglobal/STEng.gif[/IMG]

A weekly chart pattern for reference.. 

yups. TA is abt probability, not 100% accuracy.

time frame is very important. one cannot overstress this. where a short scalper may call for sell, may very well be when a long timer calls for initial buy.

adapting is very important, definitely. but there is a big difference between adapting to reality, and changing strategy mid-way/mindlessly. which is where initial stock selection is important. why are you buying the stock in the first place? If you can't answer that question, if even first criteria is not met, how can it be a successful trade, no matter which strat one uses?

men are creatures of emotion, but as Plato says, rationality is the highest form of the soul.

One doesn't get to be a successful investor/trader by being emotional. You get there by being ruthlessly rational. about yourself, the stock, the market. Mistakes.

i warned of churning yesterday already, on the STI thread; and for scalpers to lock out all trades. Foreign fund redemptions are in. 30 june = D day for them. Foreigners selling. Local BBs are small fish compared to them. ...which makes us plankton. haha.

cheers. :)

CWQuah      ( Date: 27-Jun-2008 02:53) Posted: Markets are naturally volatile - they are directly influenced not just by BBs and algorithmic programmed trading systems, but retail trader sentiments also come into play. Humans are emotional, and TA can only do approximations to measure that. That's why it's sometimes only possible to get an APPROXIMATE value for supports/resistances, dates of expected changes to a stock's trend etc. To survive and trade in the market, one must be able to ADAPT fast to changes in trend and volatility and correct one's beliefs or judgment on a stock or market's trend accordingly. Of course the inherent downside is if it's a ranging market, it can be hard to recognise as such and traders may suffer from whipsawing (since there will be multiple whipsaws which can be detected normally on hindsight only). The other way - and theoretically less stressful (especially in a long term bull mkt) is to just buy and hold..... and hold.... AND hold...   elfinchilde      ( Date: 26-Jun-2008 23:07) Posted: hm. like i posted before: don't get too much caught by dates and targets. that's pre-empting the trend. always keep it fluid. moving targets, not fixed ones, remember. (i know it sounds very dodgy, but i think real traders will know what i mean. you can hold in your head an idea of a price/date, but it should never be a fixed number. very difficult to put this down in words....) if victorf's date is 18th jul, and i'm saying wait til mid jul, isn't that a dovetailing of the prediction of direction already?

If it is BB at work, what is their intention? They will have to sell at a lower price too!

it might possibly be the work of the BBs...in fact if i dun remember wrongly, ST Engg recently in June did announce some contracts clinched right? 

the recent hammer candlestick ...thought it might be a good chance for it to do a reversal...but wrong timing  

Just can't understand why it have been whack down so aggressively.

There are no bad news......

no true leh...u look at BLUEs like SIA and UOB..still quite "high" this STENG is defensive by nature and it is at 2yrs low now leh within span of last 2weeks!!...look at CITYDEV...and others...i think it is quite OVER-DONE leh even if u tok able window-dressing for end Q2  rite? hee...

Markets are naturally volatile - they are directly influenced not just by BBs and algorithmic programmed trading systems, but retail trader sentiments also come into play. Humans are emotional, and TA can only do approximations to measure that. That's why it's sometimes only possible to get an APPROXIMATE value for supports/resistances, dates of expected changes to a stock's trend etc.

To survive and trade in the market, one must be able to ADAPT fast to changes in trend and volatility and correct one's beliefs or judgment on a stock or market's trend accordingly. Of course the inherent downside is if it's a ranging market, it can be hard to recognise as such and traders may suffer from whipsawing (since there will be multiple whipsaws which can be detected normally on hindsight only).

The other way - and theoretically less stressful (especially in a long term bull mkt) is to just buy and hold..... and hold.... AND hold...

elfinchilde      ( Date: 26-Jun-2008 23:07) Posted: hm. like i posted before: don't get too much caught by dates and targets. that's pre-empting the trend. always keep it fluid. moving targets, not fixed ones, remember. (i know it sounds very dodgy, but i think real traders will know what i mean. you can hold in your head an idea of a price/date, but it should never be a fixed number. very difficult to put this down in words....) if victorf's date is 18th jul, and i'm saying wait til mid jul, isn't that a dovetailing of the prediction of direction already?