Straits Times Index
Hang Seng Index
Nikkei 225 Index
Click here to login to the chat room during market hours.

Monday, October 31, 2011

STI 31/10/2011

STI @ 2882.

Intraday support at 2873..  A break below might see 2859-2849

Breakout only above 2910.


Friday, October 28, 2011

STI 28/10/2011

STI @ 2874.

Intraday support at 2856.

Breakout is above 2907.

Yesterday there was almost a 100 point intraday range which happened only in August this year when the market collapsed.


Tuesday, October 25, 2011

S&P 500 25/10/2011

S&P 500 futures. Breaking down off rising wedge.

STI 25/102/2011

STI hit yesterdays targets.

STI @ 2763.

Intraday support at 2756.  A break might see 2742-2732.

Breakout above 2787.


Monday, October 24, 2011

STI 24/10/2011

STI @ 2753.

Intraday support at 2741.

Breakout above 2761.  Breakout might see 2775-2785.


Friday, October 21, 2011

STI 21/10/2011

STI hit yesterdays targets.

STI @ 2712

Intraday support at 2689.

Breakout above 2725.  A break above 2725 might take it towards 2739-2749.


Thursday, October 20, 2011

STI 20/10/2011

STI @ 2710.

STI hit yesterdays targets.

Intraday support at 2706.  A break below might see 2693-2683.

Breakout only above 2722.


Wednesday, October 19, 2011

STI 19/10/2011

STI @ 2736

Intraday support at 2729.  If broken might see 2716-2706.

Breakout only above 2746.


Tuesday, October 18, 2011

STI 18/10/2011

STI @ 2728.

Intraday support at 2707.  A break might see 2694-2684.


Monday, October 17, 2011

STI 17/10/2011

STI @ 2768

Intraday support at 2726.

Breakout only above 2781.


Sunday, October 16, 2011

STI weekly update 16/10/2011

STI Weekly:

We saw the repetition target (second red box) of 2621 hit recently. The size of the second box is the same as the size of the first box.

It is quite certain that we are in long term bear market. If it is true then the long term target is the bottom of the third box which is around about 2120.

STI Daily:

Last few days we saw a big rally from the bottom. This rally is a corrective rally which could unfold in 3 waves (A, B, C). We are near the top of wave A. Once wave B begins, it might retrace more than 50% of the rally followed by a wave C rally.

The biggest rally on the way down from the top of 3227 was from 2680 to 2910 about 230 points. Adding 230 to recent low of 2521, we get 2751. Which coincidently is near the recent top. This is depicted by the two green boxes. This tells me we are near a short term top and we should pull back atleast around 50% of the rally.

We also see a falling broadening formation on the daily chart breakout. After testing the breakout price again we should resume the rally to test the high of the falling broadening formation.

STI Hourly:

We are currently near the resistance trend line. We might see some pullback followed by a rally to hit the upper trend line.

STI Hourly:
Short term EW depicted on the chart.

Friday, October 14, 2011

STI 14/10/2011

STI did not see any breakouts yesterday.

STI @ 2738.

Intraday support at 2713.  A break might see 2699-2689.  (watch for weakness below yestedays low)

Breakout only above 2757.


Thursday, October 13, 2011

STI 13/10/2011

STI hit yestedays target of 2717-2727.

STI @ 2753.

Intraday support at 2722, 2714.

Breakout is above 2760.  If breakout it might see 2774-2784.


Wednesday, October 12, 2011

STI 12/10/2011

STI @ 2687

STI hit yesterdays targets.

Intraday support at 2656.

Breakout is above 2704.


Tuesday, October 11, 2011

STI 11/10/2011 - update

STI trying to break intraday support.  If broken successfully, it might head for 2688-2678.


STI 11/10/2011

STI @ 2716.

Intraday support at 2701.

Breakout is above 2729.  A break might see 2743-2753

We are nearing end of minor wave A..  It is a good time start taking some profits..


Monday, October 10, 2011

STI 10/10/2011

STI @ 2650.

Support at 2640.  If break it might head to 2627-2617.

Breakout is above 2674.


Friday, October 7, 2011

Out today

I am out for a family emergency today. Will not be posting today.

Congrats to those who entered long positions last few days.


Thursday, October 6, 2011

S&P 500 06/10/2011

S&P 500 futures updated chart. Previous chart is here.

Currently it is trading in an ending diagonal after breaking out of the bull flag.

SMSCI 06/10/2011

SMSCI updated chart. Previous chart is here.

STI 06/10/2011

STI @ 2586.

Intraday support at 2552.

Breakout is above 2616.  If breakout it might head for 2629-2639.


Wednesday, October 5, 2011

S&P 500 05/10/2011

S&P 500 Bull flag breakout on hourly.

SMSCI 05/10/2011

SMSCI breaking out of the falling broadening formation.

STI 05/10/2011

STI hit yesterdays intraday support.

STI @ 2548

Intraday support at 2530.  A break might see 2518-2508.

Breakout is above 2569.


Tuesday, October 4, 2011

STI 04/10/2011

STI @ 2580.

STI hit yesterdays targets.

Intraday support at 2539.

Breakout is above 2612.

I think it will be hard to breakout either ways today...


Monday, October 3, 2011

STI 03/10/2011

STI hit fridays targets.

STI @ 2626.

Intraday support at 2617.  A break of which may head towards 2604-2594.

Breakout is only above 2648.


Sunday, October 2, 2011