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2201-2220 of 5997
Wait for 1.7.....
On Tuesday, Cosco re-test the support at $1.81 and closed at $1.82 with HIGH volume of 24.5 million shares traded.
A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 3 falling windows in the last 50 candles–this makes the current falling window even more bearish.
Both RSI & MACD are bearish as MACD about to cross down.
Important Resistance of Cosco: $1.90
Immediate Support of Cosco: $1.81
Currently prices are well below the 20/50/100/200 days MA.
Today Cosco under ...................... READ MORE
Watch the dollar spike which will mean Equities going down.
Very bearish now.
http://www.fxstreet.com/rates-charts/usdollar-index/
forgot2bme ( Date: 12-Jul-2011 17:38) Posted:
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Uncertainty is correct but many covered their short position.. I guess all it takes is some good news from US tonight to see some green tmr..
I have closed many long position except GMG.... Fortunately I have Capitaland short position to offset some losses..... What a deadly dive.... lol
Lost of confident :( Look at yangzijiang break below liao.... i think cosco, noble and gentingSP might fall below previous low... Very high chance
Preserve equity with stop loss.... uncertainty ahead....
1.80 support broken > now 1.785 and falling fast.
Very bearish.... most likely will fall some more liao... MACD going to cross over. I thought shall rebound to but never and i lost :(
Will buy when it is 1.7..... Defeated again... lol
Got to close position... unknown stage to me now..... lol
Buy on fear....the shorties push up the price later on....
Need to endure.... if cant hold at 1.8.... it will be going to 1.7..... I will hold for rebound...
isolator changes direction in a blink
Danger zone.... If can't hold well.... may need to let go....
Just a word of caution.
Should Cosco conforms below 1.72 on the weekly time-frame, it could trigger a sell-off and drastic fall to 1.30 based on the MA pattern.
Good Luck :p
Yes a lot of fear in the air.. Hope it subsides by tmr...
Buy on fear.....
Soon..
catalyst ( Date: 05-Jul-2011 20:51) Posted:
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The rebound up will be sharper than the fall.....