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DOW & STI

Most likely unless it is a fake breakout, void if it later falls back below tat resistance line.

For it to go higher, on breakout, it must subsequently either form a higher high n high low or re-test tat line as a support. 

smartrader      ( Date: 14-Jul-2009 10:51) Posted: So break 2322 resistance  means it will go higher ?

 

Do not study the chart, just buy your selective counter will do. Otherwise, you always miss the winning chances!

smartrader      ( Date: 14-Jul-2009 10:51) Posted: So break 2322 resistance  means it will go higher ?

 

So break 2322 resistance  means it will go higher ?

 

Below is my daily line chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments.

This is only my view n I may be right or wrong, so dyodd

 

Ambition  +  Vision  =  More juicy  

iPunter      ( Date: 12-Jul-2009 23:53) Posted: Why not run now !?...

 

Techs drag on stock market

Wall Street struggles as investors gear up for the first big wave of quarterly results from S&P 500 companies

 

Monday: Broker Charles Schwab (SCHW, Fortune 500), trucker CSX (CSX, Fortune 500) and chipmaker Novellus Systems (NVLS) are all on the calendar, but the companies' results don't usually impact the broad market.

Tuesday: Before the start of trading, Goldman Sachs (GS, Fortune 500) is expected to report a profit of $3.48 per share, versus $3.44 per share a year ago, according to a consensus of analysts surveyed by Thomson Reuters. Dow component Johnson & Johnson (JNJ, Fortune 500) is expected to report a profit of $1.11 per share versus $1.18 per share a year ago.

Intel (INTC, Fortune 500) reports after the close. The chipmaker is expected to have earned 7 cents per share, versus 28 cents a year earlier.

Wednesday: Airline AMR (AMR, Fortune 500) and chipmaker Xilinx (XLNX) are on the docket, but neither typically influence the direction of trading.

Thursday: JPMorgan Chase (JPM, Fortune 500) is expected to report a profit of 4 cents per share versus 54 cents a year ago.

After the close, Google (GOOG, Fortune 500) is expected to report a profit of $5.05 per share versus $4.63 a year ago. IBM (IBM, Fortune 500), a Dow component, is expected to say it earned $2.02 per share versus $1.98 a year ago.

Friday: Bank of America (BAC, Fortune 500) and Citigroup (C, Fortune 500) report results before the bell. Dow stock BofA is expected to have earned 24 cents versus 72 cents a year ago. Citigroup is expected to have lost 26 cents per share after losing 49 cents a year ago.

General Electric (GE, Fortune 500) also releases results in the morning. The Dow component is expected to have earned 23 cents per share versus 54 cents a year ago.

Monday: The June Treasury budget is due in the afternoon, although it's not usually a market mover.

Tuesday: June retail sales are expected to have risen 0.5%, according to a consensus of economists surveyed by Briefing.com. That would match May sales, which the Commerce Department said bumped 0.5% higher.

Retail sales including volatile autos are also expected to have edged up 0.5% in June, after rising the same amount in May. Sales excluding food and energy

The producer price index (PPI), a measure of wholesale inflation, is expected to have jumped 0.8% after rising 0.2% in May. So-called core PPI, which strips out volatile food and energy prices, is expected to have risen 0.1% after falling 0.1%. The Labor Department report is due before the start of trading.

The May business inventories report is also due in the morning although it doesn't tend to be a market mover.

Wednesday: The consumer price index (CPI), which measures consumer inflation, is expected to have risen 0.6% in June after gaining 0.1% in May. So-called core CPI, which strips out volatile food and energy prices, is expected to have edged up 0.1% after carving out a slim 0.1% gain in May. The Labor Department report is due in the morning.

Also due Wednesday morning: the Empire manufacturing survey, a regional read on manufacturing; reports on industrial production and capacity utilization; and the government's weekly oil inventories report. In the afternoon, the minutes from the last Federal Reserve policy meeting are due.

Thursday: The Philadelphia Fed index, a regional reading on manufacturing, is expected to have fallen to a negative 5 in July from a negative 2.2 in June. Any reading that is negative shows weakness in the sector.

Also due in the morning: RealtyTrac's report on foreclosure filings in the first half of the year and the weekly jobless claims report from the Labor Department.

Friday: June housing starts are due in the morning from the Census Bureau. Starts are expected to have dipped to a 530,000 unit annual rate from a 532,000 unit annual rate in May.

Building permits, a measure of builder confidence, is expected to have risen to a 523,000 unit annual rate in June from a 518,000 unit annual rate in May. 

 

As per my chart below, STI must not break below 2240 on closing today, otherwise confirmed H&S.

If break above upper sloping resistance line at 2330, H&S void n confirm bullish contracting triangle pattern.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments.

This is just my view, I may be right or wrong, so dyodd

richtan      ( Date: 12-Jul-2009 16:47) Posted: The bullish continuation pattern I m referring to in the chart below, is "contracting triangle pattern". Do a google search on "contracting triangle pattern" n u will understand wat I mean. richtan      ( Date: 10-Jul-2009 14:24) Posted: Below is my chart analysis of STI for sharing and exchange pointers. I maybe wrong or right, so dyodd

 

Bad news from Amercian president's consultant. market looks like to lose control.

now STI around 2300, many stocks price down a lot, if STI go to 1800, how much will lose?

Shit!

 

hmm..okok..so i should hold my loading gun now...

thanks buddy..

freeme      ( Date: 13-Jul-2009 10:06) Posted: where gt alot.. more to come from my pov.. at this level, sti will not perform yet.. need to go down more maxcty      ( Date: 13-Jul-2009 10:06) Posted: sudden down alot...

 

where gt alot.. more to come from my pov.. at this level, sti will not perform yet.. need to go down more

maxcty      ( Date: 13-Jul-2009 10:06) Posted: sudden down alot... freeme      ( Date: 13-Jul-2009 10:02) Posted: sti down, acting normal liao.

 

sudden down alot...

freeme      ( Date: 13-Jul-2009 10:02) Posted: sti down, acting normal liao.

 

sti down, acting normal liao.

 

Why not run now !?... 

 

Watchdog on STI's Bear:  2182.07, once broke, run! 

Trade at your own risk.

 

The bullish continuation pattern I m referring to in the chart below, is "contracting triangle pattern".

Do a google search on "contracting triangle pattern" n u will understand wat I mean.

richtan      ( Date: 10-Jul-2009 14:24) Posted: Below is my chart analysis of STI for sharing and exchange pointers. I maybe wrong or right, so dyodd

 

ok . let some time for me to learn than i will try.thks so much for the info.

richtan      ( Date: 10-Jul-2009 15:44) Posted: Hi chee meng, Hope to see your chart analysis posting soon, dun worry, give it a try and we exchange pointers n learn from each other. I m a strong advocator of TA, it is the compass of a trader. Learn the ropes of the trade, master TA n u are the master of your trade. Click on my nick n read all my sharings, advice, recommnedation of a few good TA books, "Free Tutorial on TA" websites n expert analysis websites. I had complied a list of websites why u can also learn TA: (1) http://www.onlinetradingconcepts.com/index.html (2) http://www.singaporestocks.com.sg/         (3) http://www.oilngold.com/       (4)  http://www.incrediblecharts.com/technical/technical_analysis.php   (5) http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators   (6) free TA: http://www.youtube.com/watch?v=6bMO8Gjlwik    U can also see how the expert analyse charts, eg: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show&disp=p

 

Hi rachael,

Thanks for welcoming me back n it is my pleasure to share, hope one day I can also learn from u,

Still testing waters, but if jaws/pests surfaced n I still get taunted or flame, I will still have to ignore it n no choice

but to withdraw into my cocoon again as I have to abide by admin's reminder not to reply to such taunt/flame.

See my below post to chee meng, click on all the links n read all my past post on advice, "Free TA Tutorial".  my 3 golden mantras, blah...blah... blah... n learn as much as u can n be the master of your own trade.

rachael      ( Date: 10-Jul-2009 15:32) Posted: Hello Richtan, Welcome back!! and thanks for your guidance at Straits asia counter.

 

Hi chee meng,

Hope to see your chart analysis posting soon, dun worry, give it a try and we exchange pointers n learn from each other.

I m a strong advocator of TA, it is the compass of a trader.

Learn the ropes of the trade, master TA n u are the master of your trade.

Click on my nick n read all my sharings, advice, recommnedation of a few good TA books,

"Free Tutorial on TA" websites n expert analysis websites.

I had complied a list of websites why u can also learn TA:

(1) http://www.onlinetradingconcepts.com/index.html

(2) http://www.singaporestocks.com.sg/  

 

 

 

Hello Richtan,

Welcome back!! and thanks for your guidance at Straits asia counter.